Strongest growth suburbs in every state revealed

Strongest growth suburbs in every state revealed

House price growth
31 December 2015 by Nick Bendel 0 comments

CoreLogic RP Data has uncovered the suburbs in every state and territory that enjoyed the strongest house price growth in 2015.

Some Sydney suburbs experienced massive capital gains in 2015, with Beaconsfield’s median house price jumping 48.0 per cent to $1.3 million, Parramatta jumping 47.6 per cent to $1.1 million, Liberty Grove jumping 47.6 per cent to $1.2 million, Pyrmont jumping 46.6 per cent to $1.2 million and Clemton Park jumping 44.6 per cent to $1.2 million.

There were also large gains in parts of Melbourne, with St Kilda West up 48.9 per cent to $2.1 million, Kooyong up 40.7 per cent to $2.9 million, Kew East up 40.7 per cent to $1.8 million, South Yarra up 40.5 per cent to $1.5 million and Mont Albert up 38.5 per cent to $1.8 million.

In Canberra, Campbell grew 42.7 per cent to $1.1 million, O’Malley grew 36.1 per cent to $1.7 million, Reid grew 29.1 per cent to $1.2 million, Hughes grew 24.3 per cent to $877,000 and Garran grew 24.1 per cent to $919,000.

Adelaide’s top performers were Dry Creek, which rose 26.5 per cent to $310,000, Aldinga, which rose 20.1 per cent to $395,000, Heathpool, which rose 18.7 per cent to $945,000, Eastwood, which rose 18.6 per cent to $648,000, and Norton Summit, which rose 17.1 per cent to $610,000.

Perth may be in a slump, but Brabham increased 28.2 per cent to $450,000, Dayton increased 22.7 per cent to $457,000, East Fremantle increased 20.2 per cent to $1.3 million, Forrestdale increased 13.1 per cent to $516,000 and Upper Swan increased 11.4 per cent to $705,000.

In Brisbane, Yeronga climbed 20.6 per cent to $820,000, Lutwyche climbed 19.5 per cent to $728,000, Marburg climbed 18.6 per cent to $345,000, Windsor climbed 17.5 per cent to $752,000 and Tennyson climbed 17.4 per cent to $675,000.

Hobart house prices were more subdued, with Fern Tree up 13.1 per cent to $440,000, Penna up 10.9 per cent to $381,000, Opossum Bay up 9.9 per cent to $483,000, Mt Stuart up 9.3 per cent to $473,000 and South Arm up 9.2 per cent to $376,000.

Darwin’s strongest growth occurred in Johnston, which rose 12.6 per cent to $591,000, Bellamack, which rose 10.3 per cent to $707,000, Rosebery, which rose 9.2 per cent to $687,000, Muirhead, which rose 9.2 per cent to $716,000, and Bakewell, which rose 8.5 per cent to $606,000.

[Related: Australia’s worst-performing suburbs revealed]

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