Standout suburbs for each state identified

Standout suburbs for each state identified

30 July 2014 by Staff Reporter 0 comments

Residex has highlighted the suburbs with the highest capital growth across the country.

Sydney’s suburbs delivered the nation’s fastest growth over the past year.

Mount Druitt and Tregear, both in the west, grew by 30.51 per cent and 29.77 per cent respectively.

Despite slowing economic conditions on the west coast, Perth came in second.

Beckenham saw growth of 22.37 per cent over the year, while Cloverdale recorded growth of 21.41 per cent.

Melbourne’s Balwyn North and Balaclava were not far behind, at 21.83 per cent and 21.41 per cent.

In the regions, the New South Wales coastal towns experienced the fastest capital growth over the year.

Median values in Towradgi increased by 22.39 per cent while values in Lake Munmorah increased by 21.54 per cent.

In Victoria, growth accelerated in major population centre Geelong, where the median price rose by 20.13 per cent.

The full list is reproduced below:
 

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Source: Residex

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