Capital city suburbs with the highest 10-year growth revealed

Capital city suburbs with the highest 10-year growth revealed

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
UNLIMITED REDRAWSSPECIAL OFFER
  • 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%
UNLIMITED REDRAWSSPECIAL OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • 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%
Variable
More details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
Variable
More details
ZERO APPLICATION FEESFEE FREE OFFSET
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees
  • The shorter your loan, the less interest you pay in the long run.
ZERO APPLICATION FEESFEE FREE OFFSET

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees
  • The shorter your loan, the less interest you pay in the long run.
Variable
More details
AN EASY DIGITAL APPLICATION
  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
AN EASY DIGITAL APPLICATION

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

  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
Variable
More details
NO APPLICATION FEES
  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
NO APPLICATION FEES

Yard Home Loan (Principal and Interest) (LVR < 80%)

  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
Variable
More details
NO UPFRONT OR ONGOING FEES
  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
NO UPFRONT OR ONGOING FEES

Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest)

  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
Variable
More details
NO UPFRONT OR ONGOING FEES
  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
NO UPFRONT OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%)

  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
Variable
More details
UNLIMITED EXTRA REPAYMENTS
UNLIMITED EXTRA REPAYMENTS

Basic Home Loan (Principal and Interest) (LVR < 60%)

    Variable
    More details
    EASY DIGITAL APPLICATION
    EASY DIGITAL APPLICATION

    Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%)

      Variable
      More details
      $0 APPLICATION FEE
      $0 APPLICATION FEE

      Budget Home Loan (Principal and Interest) (LVR < 80%)

        Variable
        More details
        100% FULL OFFSET ACCOUNT
        100% FULL OFFSET ACCOUNT

        Offset Package Home Loan (Principal and Interest) (LVR < 60%)

          Variable
          More details
          LIMITED TIME OFFER
          • Fast turnaround times, can meet 30-day settlement
          • No ongoing or monthly fees, add offset for 0.10%
          • Extra repayments + redraw services
          LIMITED TIME OFFER

          Smart Booster Home Loan Discounted Variable - 1yr

          • Fast turnaround times, can meet 30-day settlement
          • No ongoing or monthly fees, add offset for 0.10%
          • Extra repayments + redraw services

          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

          Disclaimers

          The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.

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