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Suburbs where property prices have more than doubled in 5 years

Forget the usual suspects, the Aussie suburbs where property prices have skyrocketed may surprise you.

A composite image of a home in an Australian suburbs with a for sale sign out the front and Australian currency.
Some Aussie suburbs have seen property prices skyrocket over the past five years. (Source: AAP / Getty) (Getty/AAP)

Over the past five years, property prices have been on a rollercoaster, from major gains during the pandemic to the recent slump, but some suburbs have remained significantly higher.

Homeowners in some suburbs have won the ‘property lottery’ with gains of as much as $1.1 million in median home prices.

The suburbs that saw the biggest increases in median house prices in the past five years included:

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  • Bright, VIC – 152 per cent increase in median house price in five years to $1,285,000

  • Jindabyne, NSW – 148 per cent increase in house price over five years to a median of $1.5 million

  • Venus Bay, VIC – 133 per cent increase in median house price in five years to $687,000

It’s not just houses that saw phenomenal growth. Units in some areas have seen gains of as much as $700,000 in the past five years, including:

  • Noosaville QLD – 108 per cent increase in median unit price in five years to $935,000

  • Jindabyne NSW – 105 per cent increase in median unit price in five years to $718,000

  • Sunshine Beach QLD – 102 per cent increase in median unit price in five years to $1.4 million

Suburbs where prices have risen the most

Houses

Rank

Suburb

Area

Current Median

5-year $ change in median sales

5-year % change in median sale price

1

Bright

Rest of Vic.

$1,285,000

$775,000

152%

2

Jindabyne

Rest of NSW

$1,550,000

$925,000

148%

3

Venus Bay

Rest of Vic.

$687,000

$392,000

133%

4

Kingscliff

Rest of NSW

$2,000,000

$1,130,000

130%

5

Bridgewater

Greater Hobart

$480,000

$270,000

129%

6

East Devonport

Rest of Tas.

$440,000

$247,000

128%

7

Trentham

Rest of Vic.

$1,260,000

$705,000

127%

8

San Remo

Rest of Vic.

$1,150,000

$639,000

125%

9

Teralba

Rest of NSW

$900,000

$500,000

125%

10

Tocumwal

Rest of NSW

$600,000

$332,000

124%

 

Units

Rank

Suburb

Area

Current Median

5- year $ change in median sales

5- year % change in median sale price

1

Noosaville

Rest of Qld

$935,000

$485,000

108%

2

Jindabyne

Rest of NSW

$718,000

$368,000

105%

3

Sunshine Beach

Rest of Qld

$1,425,000

$719,000

102%

4

Coolum Beach

Rest of Qld

$785,000

$390,000

99%

5

Prospect Vale

Rest of Tas.

$460,000

$220,000

92%

6

Casuarina

Rest of NSW

$948,500

$453,500

92%

7

Wendouree

Rest of Vic.

$377,250

$179,250

91%

8

Marcoola

Rest of Qld

$695,000

$330,000

90%

9

Wangaratta

Rest of Vic.

$356,000

$168,000

89%

10

Claremont

Greater Hobart

$476,000

$224,000

89%

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