Out of the top 10, NSW boasts six suburbs, with regional areas dominating the list.

The Suburb Trends report scores suburbs based on evaluating six current market statistics: 

  1. Total building approvals - measuring pipeline supply looks high compared to the count of properties in the area.

  2. Current inventory levels - total average listings and average sales.

  3. Days on market - total cumulative days it takes to sell a property.

  4. Vacancy rates - total rental listings that are advertised for 21 days or more vs. total properties rented by real-estate agents.

  5. Yield - The advertised rental median for houses compared with median sale price for houses. It also gives an indication of the rental market strength across the broader area.

  6. Rental price trend - The 12m change (%) in advertised rental medians for houses.

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
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$2,396
Principal & Interest
Variable
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80%
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6.14% p.a.
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$2,434
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60%
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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 . View disclaimer.

Top 10 suburbs with median price of $1m:

1. Terranora, NSW

  • House median asking price: $1,016,200

  • House median asking price (12m ago): $795,000

"The current housing market for Terranora would be considered a sellers market with conditions relatively stronger compared to 3-months ago," the report said. 

"The time taken to sell a house (days-on-market) currently is 44. This has decreased from 83 days 12-months ago.

"The median house asking price for Terranora is $1,016,200. Using the Tweed Valley Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months."

2. New Lambton, NSW

  • House median asking price: $1,020,320

  • House median asking price (12m ago): $790,000

"The time taken to sell a house (days-on-market) currently is 23. This has decreased from 38 days 12-months ago," the report said. 

"The median house asking price for New Lambton is $1,020,320. Using the Newcastle Sa3 regional data, we estimate a 26% change in median sale prices in the last 12-months."

3. Lisarow, NSW

  • House median asking price: $1,100,000

  • House median asking price (12m ago): $806,000

"The median house asking price for Lisarow is $1,100,000," the report said.

"Using the Gosford Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months.

"The median house rent price for Lisarow is $650. Using the Gosford Sa3 regional data, we estimate a 18% change in median rent prices in the last 12-months."

4. Sapphire Beach, NSW

  • House median asking price: $1,130,000

  • House median asking price (12m ago): $862,881

"Using the Coffs Harbour Sa3 regional data, we estimate a 29% change in median sale prices in the last 12-months," the report said.

"The median house rent price for Sapphire Beach is $650. Using the Coffs Harbour Sa3 regional data, we estimate a 17% change in median rent prices in the last 12-months."

5. Leura, NSW

  • House median asking price: $1,137,120

  • House median asking price (12m ago): $880,000

The report said the median house price has risen 22% in the last year. 

"The time taken to sell a house (days-on-market) currently is 30. This has decreased from 66 days 12-months ago." 

6. Bonogin, QLD

  • House median asking price: $1,150,000

  • House median asking price (12m ago): $895,000

The report said the time taken to sell a house (days-on-market) currently is 29, down from 52 days 12-months ago. 

"The median house asking price for Bonogin is $1,150,000. Using the Mudgeeraba - Tallebudgera Sa3 regional data, we estimate a 25% change in median sale prices in the last 12-months."

7. Tallai, QLD

  • House median asking price: $1,200,000

  • House median asking price (12m ago): $940,000

The report said Tallai is currently a strong sellers market. 

"The time taken to sell a house (days-on-market) currently is 35. This has decreased from 58 days 12-months ago.

"We estimate a 26% change in median sale prices in the last 12-months."

8. Balnarring, VIC

  • House median asking price: $1,200,000

  • House median asking price (12m ago): $940,000

The report said the current housing market for Balnarring would be considered a strong sellers market with conditions relatively stable compared to 3-months ago.

"The time taken to sell a house (days-on-market) currently is 18. This has decreased from 34 days 12-months ago. 

"We estimate a 23% change in median sale prices in the last 12-months."

9. Terrigal, NSW

  • House median asking price: $1,368,550

  • House median asking price (12m ago): $969,000

The report said Terrigal has a solid average monthly sale volume with 22 average house(s) sold per month.

"Using the Gosford Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months."

10. Currumbin, QLD

  • House median asking price: $1,450,000

  • House median asking price (12m ago): $1,095,000

"The median house asking price for Currumbin is $1,450,000," the report said. 

"Using the Coolangatta Sa3 regional data, we estimate a 35% change in median sale prices in the last 12-months."

Image by Samuel Clara via Unsplash



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