Australia's worst-performing suburbs named

By Staff Reporter

No fewer than 17 capital city suburbs have experienced double-digit declines in house prices during the past three years – including five in Sydney.

Adelaide is home to the worst-performing suburb in Australia, with College Park house prices falling 48.3 per cent over the three years to August 2015, according to CoreLogic RP Data.

Values also fell 25.1 per cent in the Sydney suburb of Leppington and 23.9 per cent in the Adelaide suburb of Munno Para.

Rounding out the top five are Deebing Heights in Brisbane, where values fell 20.6 per cent, and Vineyard in Sydney, where values fell 20.1 per cent.

Trinity Gardens in Adelaide experienced an 18.1 per cent fall in house prices, while Clareville in Sydney experienced a 17.6 per cent fall.

There were also declines of 17.2 per cent for Semaphore in Adelaide, 16.7 per cent for AnsteadAnstead, QLD Anstead, QLD in Brisbane and 14.6 per cent for Tamarama in Sydney.

Other falls included 14.1 per cent for Toorbul in Brisbane, 13.4 per cent for Zetland in Sydney and 13 per cent for MalvernMalvern, VIC Malvern, SA in Adelaide.

In Brisbane, Yeerongpilly house prices dropped 12.8 per cent during the three years, while Wulkuraka prices dropped 12.2 per cent.

Prices also fell 11.6 per cent in the Hobart suburb of Dodges Ferry and 10 per cent in the Melbourne suburb of Officer.

Looking at the other capital cities, Bonython in Canberra fell 8 per cent, Dalkeith in PerthPerth, TAS Perth, WA fell 5 per cent and Rapid Creek in Darwin fell 1 per cent.

Read more: 

Property verus shares - investors have their say 

Exclusive series: The 6 week property transformation - episode 6 

Yields to continue tightening 

What's stopping you from succeeding in property investment? 

Rebound for auction markets 

Investing in property for fast profit is risky business 

Australia's worst-performing suburbs named
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%