2023’s Top Performers
Western Australia dominated the list of the top-performing suburbs in Australia for 2023, taking out nine of the ten spots, according to data from PropTrack.
PropTrack economist Anne Flaherty says affordability was a big influence in 2023 with Armadale in Perth recording the highest median house price growth of 34% to bring its median to $404,000.
South Australia’s top performer was Elizabeth North, with growth of 30% to $366,000. It came in eighth position in the top ten.
Riverview ($464,000) in Ipswich had the strongest growth of 24% in Brisbane, while Denistone East and Clontarf shared top honours in Sydney with 17% growth to $2,332,000 and $5,523,000 respectively.
In Melbourne, Harkaway and Officer both had growth of 10% to bring their medians to $1,294,000 and $820,000 respectively.
Median house price growth was very low in Tasmania with Kingston Beach the best performer with its median up 2% to $882,000.
Berrimah in Darwin, record a 13% increase to $455,000 while in the ACT, Aranda was up 8% to $1,233,000.
