Top growth areas split between rich postcodes and family suburbs

Sydney and Perth have complete ownership of the suburbs that recorded the greatest house price growth in the past five years.

Potts Point in Sydney leads the way among the top 10 growth suburbs in Australia’s capital cities, according to CoreLogic RP Data.

Median house prices in the exclusive suburb reached $3.1 million in February after jumping 142 per cent over the previous five years.

The next three spots on the list were all filled by Perth suburbs.

Piara Waters rose 136 per cent to $550,000, Dayton rose 135 per cent to $518,000 and Harrisdale rose 130 per cent to $570,000.

Mays Hill in Sydney placed fifth, with median house prices increasing 128 per cent to $895,000.

It was followed by a significantly more prestigious Sydney suburb, Kirribilli, which climbed 120 per cent to $3.4 million.

Burns Beach in Perth ranked seventh after house prices grew 114 per cent to $868,000.

Sydney addresses took the final three spots on the top 10 list.

Canada Bay rose 108 per cent to $1.5 million, Waitara rose 101 per cent to $1.4 million and Rhodes rose 98 per cent to $1.5 million.

[Related: Weak economy can’t hold back house prices]

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