Australia’s top suburb growth hotspots revealed

The monthly growth was driven by positive results across all capital cities, with gains ranging from 1.1 per cent in Darwin to 0.2 per cent in Sydney and Melbourne.

Annually, the growth rate eased to 3.2 per cent nationally in April, marking the slowest rise since the 12 months to August 2023.

According to Cotality, the slowdown is attributed to weaker value growth from mid-2024 to early 2025, resulting in price drops over the three months to January 2025.

However, despite the broader national dip in April, some suburbs outperformed, delivering substantial gains for investors.

Here are the top three across the major capital markets:

Sydney

Fairfield

Median dwelling price: $1,167,873

12-month value growth: 7.4%

Strategically located in south-west Sydney, near transport routes and employment hubs, Fairfield has emerged as a top market for investors, driven by high capital growth and rising dwelling prices.

Poised for infrastructure upgrades and urban renewal projects, which will enhance liveability and access to key employment hubs, the area has been attracting both investors and renters alike.

Additionally, Fairfield’s diverse and growing population has contributed to consistently high rental demand, ensuring reliable occupancy for investors.

St Marys

Median dwelling price: $991,116

12-month value growth: 7.3%

St Marys in Sydney’s Outer West is poised for further growth, driven by the upcoming transformation through the St Marys Town Centre Master Plan, which includes integration into the Sydney Metro – Western Sydney Airport line, enhancing connectivity and liveability.

Rental demand has remained strong over the past year, and with improved transport links, more renters are expected to move into the area.

The combination of affordability, infrastructure investment and rising demand has positioned St Mary’s as a compelling option for property investors seeking both stability and growth.

Wollondilly

Median dwelling price: $1,078,620

12-month value growth: 7.3%

Located in Sydney’s south-western fringe, Wollondilly has been emerging as a promising area for property investment.

The region has undergone significant infrastructure development, including transport upgrades and the upcoming Western Sydney International Airport, which will enhance connectivity and drive property demand.

Additionally, over 70 per cent of population growth is projected for the next two decades, which will sustain housing demand and support long-term capital growth.

With strong rental yields and low vacancy rates, Wollondilly has been attracting investors seeking steady rental income.

Melbourne

Tullamarine – Broadmeadows

Median dwelling price: $687,701

12-month value growth: 1.9%

Thanks to their strategic location near major transport hubs and employment centres, and their affordable dwelling prices, Tullamarine and Broadmeadows in Melbourne’s north-west have been appealing to investors.

Both suburbs are currently undergoing urban renewal and infrastructure upgrades, enhancing long-term growth potential for buyers.

Additionally, the strong rental demand, driven by a diverse population and proximity to Melbourne Airport, has been supporting consistent rental returns.

Frankston

Median dwelling price: $763,366

12-month value growth: 1.8%

Frankston, situated on the Mornington Peninsula, is an appealing area due to its coastal lifestyle, proximity to Melbourne and affordable dwelling prices, making it an attractive entry point suburb for investors seeking long-term growth.

The area is currently undergoing significant infrastructure development, including a $1.1 billion hospital redevelopment project, which will enhance the area’s liveability.

Additionally, Frankston’s vibrant community, bolstered by educational institutions and recreational amenities, contributes to strong rental demand.

Hobsons Bay

Median dwelling price: $874,365

12-month value growth: 1.7%

Hobsons Bay in Melbourne’s west has been attracting investors due to its bayside lifestyle and proximity to the CBD, with dwelling prices lower than those in the inner-city suburbs.

Similar to other areas, the region has been experiencing significant infrastructure development, including transport upgrades and urban renewal projects, driven by a diverse population and employment opportunities in sectors such as logistics and advanced manufacturing.

Adelaide

Gawler

Median dwelling price: $709,829

12-month value growth: 13.9%

Gawler, located just north of Adelaide, presents a blend of historic charm, modern amenities and proximity to the Barossa Valley, making it an appealing option for property investors.

Major infrastructure projects, such as the $870 million Northern Connector motorway, have also improved access to Adelaide, thereby increasing the suburb’s appeal.

Gawler’s relative affordability and strong sense of community have been attracting families, professionals and retirees alike.

Playford North

Median dwelling price: $615,541

12-month value growth: 13.0%

Playford North in Adelaide is emerging as a strong investment area, driven by major urban renewal projects, affordability and improved infrastructure connecting it to key employment hubs.

The Playford North Extension and Playford Alive projects have been transforming the region with new housing, infrastructure and community facilities, attracting a growing population.

The area’s affordability and proximity to employment hubs make it appealing to both investors and first home buyers.

Mitcham South

Median dwelling price: $1,166,106

12-month value growth: 12.3%

Mitcham South in Adelaide is a prime area for property investment, offering a blend of heritage charm and modern amenities.

The suburb has experienced strong capital growth, largely due to its proximity to quality schools, parks and shopping precincts.

Ongoing infrastructure developments, such as the Mitcham Hills Road Corridor Upgrade, and access to public transport make it attractive to both home owners and renters.

Brisbane

Beenleigh

Median dwelling price: $754,828

12-month value growth: 12.8%

Beenleigh, in Logan, Queensland, is a promising location for property investment due to its strategic position between Brisbane and the Gold Coast.

The suburb benefits from excellent connectivity through major motorways and rail links, along with affordable dwelling prices.

Ongoing infrastructure upgrades and urban renewal projects are boosting its appeal and growth potential for investors.

Ipswich Hinterland

Median dwelling price: $754,807

12-month value growth: 11.4%

Ipswich Hinterland in Queensland presents a compelling opportunity for property investors, combining affordability with strong growth potential.

The area is undergoing significant infrastructure development, including transport upgrades and community facilities, which enhance connectivity and liveability.

Additionally, low vacancy rates point to a tight rental market and reliable returns. Its attractiveness to first home buyers and value-seeking investors supports long-term capital growth.

Caboolture

Median dwelling price: $760,976

12-month value growth: 11.0%

Caboolture in the Moreton Bay region stands out as a promising investment location, combining affordability with strong growth prospects.

Major infrastructure projects, including the $44 million city centre revitalisation and the expansive Caboolture West development, are set to deliver thousands of new homes and attract new residents, transforming the area, driving employment and improving overall liveability.

Perth

Swan North East

Median dwelling price: $757,542

12-month value growth: 14.2%

Swan North East in Perth presents a strong investment opportunity, combining affordability with solid growth potential.

Ongoing infrastructure upgrades, including transport and urban renewal projects, are boosting the area’s appeal and livability.

High rental demand, supported by a diverse population and local employment, ensures reliable rental returns. Its lower entry price compared to inner-city suburbs makes it an attractive option for investors focused on long-term capital growth.

Mundaring

Median dwelling price: $812,726

12-month value growth: 13.3%

Mundaring, located in Perth’s north-east, is gaining attention from property investors due to its blend of natural beauty and growth potential.

The suburb has experienced significant capital growth, reflecting its increasing desirability among buyers, driven by ongoing infrastructure developments and a thriving community.

Additionally, Mundaring’s appeal to families and professionals seeking a semi-rural lifestyle close to the city supports strong rental demand and long-term investment prospects.

Kwinana

Median dwelling price: $634,946

12-month value growth: 12.9%

Kwinana in Perth’s south-west is an increasingly attractive area for property investment, driven by strategic infrastructure development and strong market demand.

The region is experiencing significant urban growth, with projects like the transformation of Hammond Park into a residential hub reflecting the area’s potential.

Additionally, Kwinana’s affordability, compared to inner-city suburbs, makes it an appealing entry point for investors seeking long-term growth.