Despite declining market conditions of the last 12 months, some Australian suburbs have managed to record robust double-digit price growth, according to an analysis by Sound Property.

Citing data from CoreLogic, Sound Property said some suburbs have already achieved at least 10% gains in the year to July. This was despite the average 5.2% annual decline across the broader market.

"This highlights the different speeds at which markets are moving," a spokesperson for Sound Property said.

Also read: Where To Find Canberra's Most Stellar Suburbs

Topping the list is Toorak in Victoria. Units in this suburb registered an annual growth of 19.2%, bringing the median value to $907,675.

"Early signs of growth tend to be found in desirable blue-chip suburbs where buyers wait patiently for the market to bottom out," Sound Property reported.

Surfers Paradise in Queensland also witnessed a similar gain, with its house prices increasing by 19% to $1.56m.

Two Tasmanian suburbs, Dodges Ferry and Midway Point, were also amongst the strongest suburbs in terms of price growth. The two reported respective gains of 16.7% and 15.5%.

The table below shows the nine suburbs that recorded price gains of above 10%:

Suburbs with double-digit growth

Suburbs

Property Type

Median Value ($)

Annual Growth

Toorak, Victoria

Unit

907,675

19.2%

Surfers Paradise, Queensland

House

1,562,051

19.0%

Dodges Ferry, Tasmania

House

334,202

16.7%

Midway Point, Tasmania

House

403,097

15.5%

Eastgardens, New South Wales

Unit

906,882

14.3%

Newport, New South Wales

Unit

929,568

11.6%

California Gully, Victoria

House

287,541

11.5%

Latham, Australian Capital Territory

House

528,305

11.8%

Cairns City, Queensland

Units

331,144

10.3%

Source: CoreLogic