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.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Rates
Features
Fees
Other
Lender
Variable
More details
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase

loans.com.au – Variable Home Loan (LVR < 90%)

    More details
    Variable
    More details
    Unlimited Redraws
    • No annual fees – None!
    • Get fast pre-approval
    • Unlimited additional repayments free of charge
    • Redraw freely – Access your additional payments when you need them
    • Home loan specialists available today
    Unlimited Redraws

    ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

    • No annual fees – None!
    • Get fast pre-approval
    • Unlimited additional repayments free of charge
    • Redraw freely – Access your additional payments when you need them
    • Home loan specialists available today
    More details
    Variable
    More details

    ANZ – Standard Variable Home Loan (Principal and Interest) (LVR < 80%)

      More details
      • Immediate cashback upon settlement
      • $2000 for loans up to $700,000
      • $4000 for loans over $700,000

      More details
      Important Information and Comparison Rate Warning

      Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 11, 2023. View disclaimer.

      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



      Ready, Set, Buy!


      Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

      With bonus Q&A sheet and Crossword!

      By subscribing you agree to our privacy policy