The best-performing suburbs in Australia

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The country’s best-performing suburbs have defied the market’s downward trend over the past 12 months, according to Domain’s June quarter house price report.

Mount Pleasant was at the top growth spot in the country, with its median house price increasing 26.5% in the 12 months to June 2019, according to the report.

Brisbane’s Chelmer suburb experienced a 25.5% rise in median house value, the figures showed.

Other suburbs with strong growth included the wealthy Sydney suburb of Vaucluse, Wallaroo in South Australia, Tasmania’s East Devonport, and Wonthaggi in Gippsland, Victoria, the report showed.

Here are the best performing suburbs in the country for houses with their year-on-year increase:

State

Suburb

Median price

YoY % increase

VIC

Mount Pleasant

$366,000

26.20%

QLD

Chelmer

$1,290,000

25.20%

SA

Wallaroo

$295,000

25.00%

VIC

Wonthaggi

$365,000

21.70%

TAS

East Devonport

$237,000

20.60%

SA

North Adelaide

$961,000

20.10%

NSW

Urunga

$540,000

20.00%

NSW

Temora

$292,000

19.90%

NSW

Vaucluse

$6,000,000

19.90%

QLD

Mount Pleasant

$405,250

19.20%
 

Source: Domain

For units, Noosa Heads on the Sunshine Coast was the top-performing suburb, with apartment median price increasing 24.8%, according to the report.

The median price for units in Blackburn, Victoria, rose 24.4%, while the median price for apartments in Broadbeach Waters on the Gold Coast climbed 19.8%, the figures showed.

Here are the top-performing suburbs for units and their year-on-year growth:

State

Suburb

Median price

YoY % growth

QLD

Noosa Heads

$830,000

24.80%

VIC

Blackburn

$603,168

24.40%

QLD

Broadbeach Waters

$545,000

19.80%

WA

Claremont

$652,500

19.20%

QLD

Stones Corner

$515,000

18.40%

ACT

Campbell

$637,500

18.10%

NSW

Fairy Meadow

$565,000

17.80%

SA

Norwood

$592,500

17.30%

NSW

Kirrawee

$756,000

17.20%

NSW

Elizabeth Bay

$1,100,000

17.00%

Source: Domain

 

Top Suburbs : west rockhampton , ropes crossing , cardiff south , collingwood , kariong

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