Invest
Revealed: Top 10 suburbs in the last decade
The top 10 suburbs for growth over the last 10 years have been identified in a new report, unleashing green-eyed monsters around the country.
Revealed: Top 10 suburbs in the last decade
The top 10 suburbs for growth over the last 10 years have been identified in a new report, unleashing green-eyed monsters around the country.
The latest report from CoreLogic business onthehouse.com.au has revealed the top 10 suburbs for each state and territory over the last 10 years.
In releasing the results, onthehouse.com.au said, “Hindsight is such a wonderful thing, isn’t it! Imagine the power of 10 years worth of property trends in advance.
“If you had a spare $1,106,358 in your pocket in May 2008, you’d be hot-footing it to the NSW suburb of Strathfield to buy a house which would go on to achieve a 172.6 per cent lift in value over the following decade to be Australia’s top median value of $3,015,932 in May 2018.”
However, other suburbs achieved growths of up to 257.9 per cent.
Australian Capital Territory
Mawson saw units’ value grow 73.6 per cent, bringing the median average value to $501,556 from $288,983.
New South Wales
The best suburb for value growth was Sydney’s Rushcutters Bay. Here, units grew 180 per cent with the average median value increasing from $286,824 to $802,981.
Victoria
Arguing this is a “result that won’t surprise anyone”, onthehouse.com.au revealed the best performing Victorian suburbs were all in the Melboune capital city region.
Derrimut saw house value increase 257.9 per cent, the highest national growth rate.
Queensland
Underwood in Brisbane’s Logan region saw house values surge by 65.6 per cent, from $363,048 to $601,345.
Western Australia
Perth’s Wattle Grove suburb saw house prices increase 89.7 per cent to $506,235.
Northern Territory
As suburbs needed to have more than 50 sales to apply for analysis, the Northern Territory only had “minimal” entries. However, Gillen in Alice Springs saw house values increase by 43 per cent to $456,233.
South Australia
Grange topped the South Australian list, with houses growing 49.4 per cent in median value to $732,554.
Suburbs with less than 50 sales over the last ten years were not included in the research.
Houses: Nationally
| Rank | Suburb | Median Value May 2018 |
Median Value May 2008 |
10-Year Change |
State |
| 1 | Derrimut | $656,195 | $183,352 | 257.9% | Victoria |
| 2 | Strathfield | $3,015,932 | $1,106,358 | 172.6% | NSW |
| 3 | Eastwood | $2,007,936 | $757,030 | 165.2% | NSW |
| 4 | Burwood | $2,317,137 | $886,491 | 161.4% | NSW |
| 5 | Ashburton | $1,905,114 | $750,420 | 153.9% | Victoria |
| 6 | Riverstone | $916,502 | $361,351 | 153.6% | NSW |
| 7 | Rydalmere | $1,283,477 | $506,357 | 153.5% | NSW |
| 8 | Ermington | $1,401,108 | $554,222 | 152.8% | NSW |
| 9 | Gladesville | $2,136,148 | $846,942 | 152.2% | NSW |
| 10 | Busby | $664,659 | $266,184 | 149.7% | NSW |
Units: Nationally
| Rank | Suburb | Median Value May 2018 |
Median Value May 2008 |
10-Year Change |
State |
| 1 |
Rushcutters Bay |
$802,981 | $286,824 | 180.0% | NSW |
| 2 | Warwick Farm | $454,546 | $164,318 | 176.6% | NSW |
| 3 | Campbelltown | $476,930 | $177,114 | 169.3% | NSW |
| 4 | Altona North | $655,491 | $248,314 | 164.0% | Victoria |
| 5 | Bondi Junction | $1,287,022 | $507,503 | 153.6% |
NSW |
| 6 | Cabramatta | $465,293 | $185,972 | 150.2% | NSW |
| 7 | Macquarie Fields | $487,544 | $197,366 | 147.0% | NSW |
| 8 | Mascot | $897,822 | $367,262 | 144.5% | NSW |
| 9 | Darlinghurst | $983,037 | $403,017 | 143.9% | NSW |
| 10 | Woolloomooloo | $1,063,743 | $452,492 | 135.1% | NSW |
RELATED ARTICLES
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
