Australia’s worst-performing suburbs revealed

Australia’s worst-performing suburbs revealed

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No fewer than 17 capital city suburbs have experienced double-digit declines in house prices during the past three years – including five in Sydney.

Adelaide is home to the worst-performing suburb, with College Park house prices falling 48.3 per cent over the three years to August 2015, according to CoreLogic RP Data.

Values also fell 25.1 per cent in the Sydney suburb of Leppington and 23.9 per cent in the Adelaide suburb of Munno Para.

Rounding out the top five are Deebing Heights in Brisbane, where values fell 20.6 per cent, and Vineyard in Sydney, where values fell 20.1 per cent.

Trinity Gardens in Adelaide experienced an 18.1 per cent fall in house prices, while Clareville in Sydney experienced a 17.6 per cent fall.

There were also declines of 17.2 per cent for Semaphore in Adelaide, 16.7 per cent for Anstead in Brisbane and 14.6 per cent for Tamarama in Sydney.

Other falls included 14.1 per cent for Toorbul in Brisbane, 13.4 per cent for Zetland in Sydney and 13 per cent for Malvern in Adelaide.

In Brisbane, Yeerongpilly house prices dropped 12.8 per cent during the three years, while Wulkuraka prices dropped 12.2 per cent.

Prices also fell 11.6 per cent in the Hobart suburb of Dodges Ferry and 10 per cent in the Melbourne suburb of Officer.

Looking at the other capital cities, Bonython in Canberra fell 8 per cent, Dalkeith in Perth fell 5 per cent and Rapid Creek in Darwin fell 1 per cent.

[LinkedIn: Are commissions going up or down in your market?]

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