Exclusive data from CoreLogic revealed the top three suburbs in each capital city with the highest 10-year average annual growth. 

The best performing suburb over the past decade was in Hobart - Primrose Sands - where house prices increased by an average of 12.1% each year.

The median house price in Primrose Sands is currently $555,742. This is up from $177,153 the decade prior, which means that house prices have more than tripled over the past 10 years.

Coming in second place was Sydney suburb Colebee where house prices increased, on average, 11.9% yearly over the past 10-years.

The median house value in this suburb a decade ago was $397,698, while the median house value is now $1,221,513.

Tying for third place were another two Sydney suburbs - Allambie Heights and Ettalong Beach - which both saw house prices increase an average of 11.4% year-on-year over the past decade.

Allambie Height's median house is currently $2,609,705 - up from $883,422.

In Ettalong Beach, median house prices have risen from $391,880 to $1,154,933 over the past decade.

Check out the top three performing suburbs for each capital city in the table below. 

Australian capital city suburb growth over the past decade 

Suburb

Average annual  growth over 10 years

Median house value - February 2022

Indexed median house value - February 2012

Sydney

 

 

 

Colebee

11.9%

$1,221,513

$397,698

Allambie Heights

11.4%

$2,609,705

$883,422

Ettalong Beach

11.4%

$1,545,933

$391,880

Melbourne

 

 

 

St Andrews Beach

10%

$1,742,714

$670,965

Kalkallo

9.5%

$696,540

$279,961

Dromana

9.4%

$1,145,562

$465,620

Brisbane

 

 

 

Stafford Heights

8.5%

$1,002,652

$443,996

Robertson

8.3%

$1,542,959

$697,584

Tarragindi

8.2%

$1,293,104

$587,231

Adelaide

 

 

 

Goodwood

9.1%

$1,428,098

$600,325

Fullarton

7.9%

$1,462,228

$684,608

Nailsworth

7.8%

$1,103,041

$518,440

Canberra

 

 

 

Pearce

9.5%

$1,383,134

$560,551

Garran

8.9%

$1,711,864

$732,449

Chifley

8.5%

$1,207,047

$535,518

Hobart

 

 

 

Primrose Sands

12.1%

$555,742

$177,153

Bridgewater

10.2%

$492,089

$185,767

North Hobart

9.5%

$1,105,973

$444,660

Perth

 

 

 

Treeby

3.7%

$621,552

$430,514

Willetton

 3.4%

$854,627

$612,567

Daglish

3.2%

$1,732,909

$1,261,321

Darwin

 

 

 

Zuccoli

7.4%

$515,991

$251,777

Bellamack

5.1%

$568,945

$347,190

Rapid Creek

4%

$788,474

$532,779

Source: CoreLogic

Article originally published by Alex Brewster on 5 March 2020, updated by Rachel Horan on 1 March 2022

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