Price Growth Stars
Forget what you’ve heard about price growth softening, new analysis by PropTrack shows many locations are still recording high levels of price increases.
It has found 87 suburbs throughout Australia where price growth outperformed neighbouring suburbs in the past 12 months.
In most cities, there were locations where prices increased by more than 20% with the largest increases in Perth, Adelaide and southeast Queensland.
PropTrack senior economist Eleanor Creagh says the majority of suburbs with the most significant growth were relatively affordable suburbs, which showed how much demand had increased for affordable properties.
In Greater Brisbane, Woodridge (up 24.5%), Runcorn (up 23.4%) and Caboolture South (22.3%) were the best performers.
In Perth, Greenfields (29.5%), Kelmscott (28.6%) and Warnbro (27.7%) were top performers while in Adelaide, Elizabeth North (26.7%), Hackham West (21.8%) and Lobethal (19.6%) came out on top.
Greater Melbourne’s growth was among the lowest but is best performers were Notting Hills (8.5%), Waterways (7.9%) Doncaster East (6.9%).
