Yahoo Finance 67 suburbs (from every city) where prices are still rising
Property prices have started to plummet as rising interest rates and the cost of living put pressure on Aussie households.
But, while as a whole property prices have fallen, there are some suburbs that have seen massive increases over the past 12 months.
CoreLogic’s Home Value Index (HVI) determined which suburbs saw the biggest price gains in each capital city.
Also read: The regional areas where property prices are falling the most
Also read: What renters can expect now property markets are falling
The largest price gain was seen in Jimboomba, in the Greater Brisbane area, where prices had risen 29.2 per cent in the past 12 months.
This comes after new CoreLogic research found national home values suffered their biggest fall in 39 years in August.
Every capital city, apart from Darwin, is now in a housing downturn, with a similar scenario playing out across the rest-of-state regions, where only regional South Australia recorded an increase in housing values for the month.
The median value for a home in Australia is now $738,321 down from $747,812 in July. That’s a loss of $9,491 in a month.
For the combined capitals, the median value was $808,287 in August and the median value for the combined regions was $594,006.
Here’s a look at the capital city suburbs with the biggest value growth over the past year.
Greater Sydney
Rank | Area | Median value | Annual change |
1 | Bringelly - Green Valley | $1,068,706 | 10.2% |
2 | Wollondilly | $973,919 | 8.7% |
3 | Camden | $1,006,148 | 7.9% |
4 | Fairfield | $946,639 | 7.0% |
5 | Rouse Hill - McGraths Hill | $1,531,074 | 6.3% |
6 | Blue Mountains | $921,136 | 5.1%` |
7 | Penrith | $860,948 | 5.1% |
8 | Blacktown - North | $1,197,387 | 5.0% |
9 | Wyong | $832,850 | 4.4% |
10 | Campbelltown | $796,090 | 4.4% |
Greater Melbourne
Rank | Area | Median value | Annual change |
1 | Melbourne City | $535,655 | 13.4% |
2 | Wyndham | $671,103 | 6.5% |
3 | Melton - Bacchus Marsh | $648,173 | 5.7% |
4 | Casey - South | $764,308 | 5.2% |
5 | Tullamarine -Broadmeadows | $669,283 | 3.8% |
6 | Casey - North | $803,946 | 3.5% |
7 | Cardinia | $725,107 | 3.3% |
8 | Mornington Peninsula | $1,070,419 | 2.3% |
9 | Sunbury | $677,134 | 2.1% |
10 | Whittlesea - Wallan | $727,121 | 1.8% |
Greater Brisbane
Rank | Area | Median value | Annual change |
1 | Jimboomba | $867,193 | 29.2% |
2 | Beaudesert | $538,352 | 28.0% |
3 | Browns Plains | $618,773 | 27.1% |
4 | Ipswich Hinterland | $533,499 | 26.9% |
5 | Springwood - Kingston | $535,976 | 26.7% |
6 | Rocklea - Acacia Ridge | $834,673 | 25.7% |
7 | Springfield - Redbank | $583,072 | 25.4% |
8 | Caboolture | $609,249 | 24.5% |
9 | Beenleigh | $558,444 | 24.1% |
10 | Forest Lake - Oxley | $631,089 | 23.8% |
Greater Adelaide
Rank | Area | Median value | Annual change |
1 | Salisbury | $514,276 | 28.8% |
2 | Port Adelaide - West | $632,244 | 26.9% |
3 | Onkaparinga | $595,923 | 26.2% |
4 | Playford | $393,707 | 26.1% |
5 | Tea Tree Gully | $634,520 | 25.9% |
6 | Campbelltown | $802,863 | 25.2% |
7 | Port Adelaide - East | $677,432 | 24.9% |
8 | Gawler - Two Wells | $495,370 | 22.7% |
9 | Holdfast Bay | $856,285 | 21.6% |
10 | Mitcham | $955,453 | 21.1% |
Greater Perth
Rank | Area | Median value | Annual change |
1 | Rockingham | $477,665 | 9.4% |
2 | Fremantle | $921,059 | 8.6% |
3 | Kwinana | $405,057 | 8.5% |
4 | Mandurah | $475,573 | 7.2% |
5 | Armadale | $442,186 | 7.2% |
6 | Serpentine - Jarrahdale | $491,814 | 7.1% |
7 | Gosnells | $459,504 | 6.8% |
8 | Wanneroo | $519,312 | 6.8% |
9 | Joondalup | $720,935 | 6.7% |
10 | Kalamunda | $586,289 | 6.7% |
Greater Hobart
Rank | Area | Median value | Annual change |
1 | Hobart - North East | $799,925 | 9.9% |
2 | Sorell - Dodges Ferry | $641,088 | 9.3% |
3 | Brighton | $528,075 | 8.1% |
4 | Hobart - South and West | $806,454 | 8.1% |
5 | Hobart - North West | $601,728 | 3.0% |
6 | Hobart Inner | $951,105 | 2.3% |
Greater Darwin
Rank | Area | Median value | Annual change |
1 | Darwin Suburbs | $515,431 | 7.7% |
2 | Darwin City | $491,362 | 7.3% |
3 | Palmerston | $482,960 | 6.2% |
Greater Canberra
Rank | Area | Median value | Annual change |
1 | Molonglo | $800,729 | 18.8% |
2 | Gungahlin | $960,508 | 10.1% |
3 | Tuggeranong | $874,713 | 9.2% |
4 | Belconnen | $886,589 | 9.1% |
5 | Weston Creek | $974,284 | 8.3% |
6 | South Canberra | $924,677 | 5.3% |
7 | North Canberra | $842,873 | 5.0% |
8 | Woden Valley | $1,193,763 | 3.8% |
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