Bellevue Hill in Sydney’s eastern suburbs has topped this year’s best-performing residential property market by value, with houses racking up almost $2 million in capital growth on average in the past 12 months, CoreLogic’s latest Best of the Best report shows.

The prestigious suburb has also reclaimed its top ranking as the country’s most expensive housing market after the median surged 24.9 per cent to $9.73 million over the year to November.