Surprise Top Performer Despite what many may think the majority of Australia’s top-performing property markets are not beachfront or inner-city suburbs but are in fact normal suburban markets.
Domain’s latest House Price Report shows Churchlands in Perth outperformed every other location in 2023 with its median house price rising by almost 50% to $1.535 million.
In New South Wales the best performer was about 500km from Sydney. West Wyalong recorded the strongest growth of 39% to a still very affordable $400,000.
In Queensland, it was Parkhurst in Rockhampton with growth of 38% to $622,500.
PropTrack which uses a different methodology agrees Western Australia had the top performer but says it was Armadale and Brookdale with their medians up 34% to $404,000 and $441,000 respectively.
It says Riverview at Ipswich in Queensland was the top performer with growth of 24% to $464,000 while Sydney’s best performer was Denistone East (up 17% to $2,332,000).
Rosedale in Latrobe in Victoria was up 11% to $493,000 while Elizabeth North in Adelaide was up 30% to $366,000.
