Are these Australia’s most overheated markets?

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Whether you believe there’s a price bubble or not, there’s no denying that some markets are surging way too fast beyond their fundamentals.

Some might call this speculative buying. Others may see it as pent-up demand simply catching up. But if the statistics are to be believed, some markets are indeed in danger of overheating.

The list below, compiled from the recent statistics from RP Data, shows that many suburbs in NSW, particularly around Sydney, have already surged beyond sustainable levels during the past 12 months. The recent quarterly performance indicates that the bullish buying continues unabated.

While it’s great news for investors looking to cash out, it’s looking grim for those who want to get in. Buying into these suburbs at these levels means you’re already buying at the top of the market and are likely to pay a premium. This exposes you to unnecessary risks down the line.

Overheated markets?
 
State Suburb Type Number Sold  Median Price  Quarterly Growth 12 month Growth Time on Market (days) Average distance to CBD (km)
NSW BIRCHGROVE U 22  $957,500 21% 47% n.a 3
NSW MATCHAM H 25  $1,189,000 13% 43% 89 55
NSW PLUMPTON U 42  $403,000 28% 41% 56 19
NSW BELLA VISTA U 15  $425,000 25% 41% n.a 28
NSW BRIGHTON-LE-SANDS H 41  $1,115,000 17% 33% n.a 10
NSW ERINA H 69  $560,000 8% 32% 69 51
NSW COLLAROY PLATEAU H 59  $1,100,000 9% 26% 71 17
NSW EPPING H 267  $1,191,000 8% 25% 67 16
NSW WEST WOLLONGONG U 39  $310,000 27% 25% 70 67
NSW GOULBURN U 37  $229,000 10% 25% 82 154
NSW GLEBE H 88  $1,187,500 8% 25% 67 2
NSW ST JOHNS PARK H 40  $553,000 9% 25% 91 28
NSW CENTENNIAL PARK U 46  $555,000 8% 25% 50 3
NSW HOMEBUSH H 34  $1,176,000 7% 24% n.a 12
NSW TREGEAR H 48  $286,000 8% 24% 40 41
NSW RIVERSTONE H 123  $515,000 7% 24% 47 38
NSW CHURCH POINT H 19  $1,425,000 7% 24% 129 25
NSW TASCOTT H 58  $445,000 9% 24% 56 47
NSW NORTH STRATHFIELD H 22  $ 1,110,500 5% 23% n.a 11
NSW TELOPEA U 44  $557,500 13% 23% 23 18
NSW TOONGABBIE U 149  $465,000 4% 23% 51 23
NSW GRANVILLE H 151  $536,500 9% 22% 61 18
NSW EASTWOOD H 202  $1,132,500 10% 22% 72 14
NSW RICHMOND H 76  $458,500 7% 22% 84 64
NSW PYMBLE H 205  $1,500,000 6% 22% 95 15
NSW REDHEAD H 36  $767,000 15% 22% 78 106
NSW CABRAMATTA H 112  $572,000 8% 22% 77 26
NSW BALMAIN EAST H 32  $1,960,000 21% 22% 77 2
NSW SEAFORTH U 17  $909,000 17% 21% 80 9
NSW MIDDLETON GRANGE H 100  $536,000 9% 21% 52 31
NSW LEWISHAM H 36  $1,000,000 11% 21% 47 6
NSW BRADBURY U 20  $276,000 17% 21% 60 42
NSW DRUMMOYNE U 145  $810,000 6% 21% 70 5
QLD GUMDALE H 34  $870,000 20% 46% 104 13
QLD SUNSHINE BEACH H 49  $1,025,000 11% 39% 104 118
QLD WYNNUM WEST U 106  $354,500 6% 29% 84 6
QLD HAWTHORNE H 101  $962,500 5% 27% 67 3
QLD MERRIMAC U 114  $380,000 15% 25% 86 56
SA GLENGOWRIE U 49  $492,500 21% 48% 96 9
SA MORPHETTVILLE U 39  $357,797 13% 30% 55 9
SA UNLEY H 51  $916,000 13% 30% 70 3
SA MAYLANDS H 22  $776,000 19% 27% n.a 4
SA BIRKENHEAD H 31  $360,000 6% 26% 93 14
SA KENSINGTON PARK U 19  $405,000 7% 24% 65 5
SA TOORAK GARDENS H 38  $1,260,000 14% 24% 104 4
SA EXETER H 22  $465,000 13% 22% 83 14
SA LINDEN PARK H 27  $720,000 8% 22% 84 5
SA WAYVILLE U 35  $480,000 30% 22% 72 2
SA GOODWOOD U 22  $479,000 7% 21% 82 3
VIC QUARRY HILL H 54  $388,500 6% 30% 57 130
VIC PRINCES HILL H 20  $1,216,250 11% 29% n.a 3
VIC GOWANBRAE H 35  $600,000 9% 29% 80 13
VIC WEST MELBOURNE H 44  $770,000 27% 27% 110 1
VIC MONT ALBERT NORTH H 77  $980,000 5% 26% 108 13
VIC BALWYN NORTH H 343  $1,232,500 5% 24% 87 11
VIC BALWYN NORTH U 51  $728,000 6% 24% 53 12
VIC KEW EAST H 71  $1,240,000 8% 23% 99 8
VIC BALACLAVA H 36  $867,500 6% 23% 68 7
WA ROSSMOYNE H 46  $1,100,000 6% 25% 120 10
WA EAST CANNINGTON H 111  $530,000 7% 23% 53 11

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Top Suburbs : belmont , cardiff south , st kilda west , melton , redcliffe

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