Photo by Simon Rae on Unsplash
New research has lifted the lid on which suburbs in capital cities had the best average annual capital growth over the past 10 years.
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.
Lender | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDUNLIMITED REDRAWSSPECIAL OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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| Variable | More details | ||||||||||||
| FEATUREDZERO APPLICATION FEESFEE FREE OFFSET | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
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Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
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| Variable | More details | ||||||||||||
| AN EASY DIGITAL APPLICATION | Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
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Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
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| Variable | More details | ||||||||||||
| NO APPLICATION FEES | Yard Home Loan (Principal and Interest) (LVR < 80%)
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Yard Home Loan (Principal and Interest) (LVR < 80%)
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| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest)
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Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest)
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| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%)
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| Variable | More details | ||||||||||||
| UNLIMITED EXTRA REPAYMENTS | |||||||||||||
Basic Home Loan (Principal and Interest) (LVR < 60%) | |||||||||||||
| Variable | More details | ||||||||||||
| EASY DIGITAL APPLICATION | |||||||||||||
Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%) | |||||||||||||
| Variable | More details | ||||||||||||
| $0 APPLICATION FEE | |||||||||||||
Budget Home Loan (Principal and Interest) (LVR < 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | |||||||||||||
Offset Package Home Loan (Principal and Interest) (LVR < 60%) | |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 1yr
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Smart Booster Home Loan Discounted Variable - 1yr
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- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
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. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. 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 June 25, 2022. 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
