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11 suburbs with 100%-plus growth revealed

By Staff Reporter
5

New data has revealed Australia’s best-performing suburbs of the past five years – with a diverse range of locations recording massive house price growth.

House price growth has exceeded 100 per cent over the past five years in 11 capital city suburbs across the country.

There are five suburbs in Sydney, four in Perth, and one each in Canberra and Darwin, according to CoreLogic RP Data.

Sydney is home to the top three suburbs: Middleton Grange house prices grew 152 per cent during the five years to August 2015, Mulgoa grew 145 per cent and Catherine Field grew 140 per cent.

House prices in Dayton, Perth, grew 127 per cent during the five-year period, while a growth of 124 per cent was recorded by Piara Waters in Perth and Crace in Canberra.

In Sydney, Pitt Town jumped 122 per cent and Homebush jumped 113 per cent.

In Perth, Alkimos grew 111 per cent and Martin grew 102 per cent. The Darwin suburb of Girraween also grew 102 per cent.

The top performer outside those four states was Dandenong in Melbourne, where house prices rose 66 per cent.

The Adelaide suburb of Eastwood climbed 61 per cent, the Brisbane suburb of Burbank climbed 41 per cent and the Hobart suburb of Cambridge climbed 28 per cent.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%