House prices go crazy in suburbs near and far

There are 13 places around Australia where house prices have at least doubled in the past five years.

The Sydney suburb of Luddenham enjoyed the greatest capital gains of the five years to June 2015, according to CoreLogic RP Data.

It now has a median house price of $1.3 million after growing 174.4 per cent during that time.

Yalyalup, which is in the small Western Australian town of Busselton, grew 155.8 per cent and has a median house price of $440,000.

Mulgoa in Sydney grew 153.6 per cent to $1.2 million, Bilinga on the Gold Coast grew 142.9 per cent to $1.1 million and Colebee in Sydney grew 139.1 per cent to $803,000.

Two Perth suburbs placed sixth and seventh for capital gains, with Alkimos up 136.7 per cent to $488,000 and Dayton up 133.5 per cent to $514,000.

The median house price in the Sydney suburb of Mays Hill increased 127.6 per cent to $900,000, while Piara Waters in Perth increased 126.3 per cent to $550,000.

Crace in Canberra was ranked 10th after jumping 121.0 per cent to $700,000.

The final three spots on the list were filled by NSW locations.

Austral in Sydney rose 104.2 per cent to $1.7 million, Branxton in the Hunter Valley rose 100.2 per cent to $558,000 and Brewarrina in central NSW rose 100.0 per cent to $90,000.

[Related: Australia’s fastest selling suburbs are…]

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