What your home will be worth in five years

House prices in some suburbs are set to double over the next five years while others will plummet. Find out where you rank.

House prices in some Aussie suburbs could double over the next five years while other previously hot areas could see values slashed by hundreds of thousands of dollars if prices rise at the same pace as the past five years, new data suggests.

Exclusive PropTrack modelling conducted for News Corp shows what dwelling prices will be in 2028 if market trends from the last decade are repeated.

PropTrack economist Paul Ryan told The Daily Telegraph that while the modelling was not an exact forecast since past performance was not a definitive indicator of future price rises, many of the forces that drove prices over the past decade remain in place.

“We are clearly not building enough housing to meet demand and market conditions are making it difficult for developers to get the rate of new building up,” he said.

It comes after national home prices continued to stabilise in April, rising for the fourth consecutive month to bring the cumulative increase in 2023 to 0.75 per cent.

Strong migration, tight rental markets and limited supply are offsetting the impact of rapid interest rate rises, PropTrack’s April Home Price Index noted.

The Reserve Bank resumed its aggressive rate hikes with another 25 basis point rise at its May meeting to bring the cash rate to 3.85 per cent, having paused in April following 10 consecutive increases.

Here is your brief guide to house prices over the next five years by state, including the top and bottom five suburbs in each.

SYDNEY

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Prices in Copacabana on the Central Coast are set to skyrocket.

TOP FIVE

• Copacabana

Postcode: 2251

Area: Central Coast

Current median: $1,900,000

Five-year change: 113 per cent

Median in 2028: $4,056,000

• MacMasters Beach

Postcode: 2251

Area: Central Coast

Current median: $2,300,000

Five-year change: 112 per cent

Median in 2028: $4,870,000

• North Avoca

Postcode: 2260

Area: Central Coast

Current median: $1,800,000

Five-year change: 91 per cent

Median in 2028: $3,436,000

• Hunters Hill

Postcode: 2110

Area: Ryde

Current median: $3,753,000

Five-year change: 82 per cent

Median in 2028: $6,817,000

• Palm Beach

Postcode: 2108

Area: Northern Beaches

Current median: $4,575,000

Five-year change: 81 per cent

Median in 2028: $8,289,000

Rouse Hill in Sydney’s northwest could be in trouble.

BOTTOM FIVE

• Rouse Hill

Postcode: 2155

Area: Greater Sydney

Current median: $745,000

Five-year change: –26 per cent

Median in 2028: $552,000

• Sydney

Postcode: 2000

Area: Greater Sydney

Current median: $1,120,000

Five-year change: –25 per cent

Median in 2028: $839,000

• Beverley Park

Postcode: 2217

Area: Greater Sydney

Current median: $1,060,000

Five-year change: –23 per cent

Median in 2028: $811,000

• Macquarie Park

Postcode: 2113

Area: Greater Sydney

Current median: $853,000

Five-year change: –19 per cent

Median in 2028: $694,000

• Eastgardens

Postcode: 2036

Area: Greater Sydney

Current median: $940,000

Five-year change: –18 per cent

Median in 2028: $773,000

MELBOURNE

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Victoria’s Mornington Peninsula is the place to be.

TOP FIVE

• Somers

Postcode: 3927

Area: Mornington Peninsula

Current median: $1,628,000

Five-year change: 87 per cent

Median in 2028: $3,045,000

• Blairgowrie

Postcode: 3942

Area: Mornington Peninsula

Current median: $1,700,000

Five-year change: 79 per cent

Median in 2028: $3,042,000

• Balnarring

Postcode: 3926

Area: Mornington Peninsula

Current median: $1,450,000

Five-year change: 73 per cent

Median in 2028: $2,515,000

• Bunyip

Postcode: 3815

Area: Melbourne South East

Current median: $801,000

Five-year change: 70 per cent

Median in 2028: $1,366,000

• Warburton

Postcode: 3799

Area: Melbourne Outer East

Current median: $733,000

Five-year change: 67 per cent

Median in 2028: $1,225,000

The wealthy suburb of Toorak.

BOTTOM FIVE

• Toorak

Postcode: 3142

Area: Greater Melbourne

Current median: $1,830,000

Five-year change: –24 per cent

Median in 2028: $1,395,000

• Princes Hill

Postcode: 3054

Area: Greater Melbourne

Current median: $1,240,000

Five-year change: –22 per cent

Median in 2028: $969,000

• Kingsville

Postcode: 3012

Area: Greater Melbourne

Current median: $696,000

Five-year change: –22 per cent

Median in 2028: $545,000

• Middle Park

Postcode: 3206

Area: Greater Melbourne

Current median: $1,915,000

Five-year change: –20 per cent

Median in 2028: $1,534,000

• Hawthorn East

Postcode: 3123

Area: Greater Melbourne

Current median: $775,000

Five-year change: –20 per cent

Median in 2028: $620,000

BRISBANE

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An aerial view of Ipswich. Picture: Rob Williams

TOP FIVE

• Churchill

Postcode: 4305

Area: Ipswich

Current median: $450,000

Five-year change: 73 per cent

Median in 2028: $779,000

• Bellbowrie

Postcode: 4070

Area: Brisbane West

Current median: $910,000

Five-year change: 71 per cent

Median in 2028: $1,555,000

• Newtown

Postcode: 4305

Area: Ipswich

Current median: $563,000

Five-year change: 70 per cent

Median in 2028: $959,000

• Toogoolawah

Postcode: 4313

Area: Ipswich

Current median: $350,000

Five-year change: 69 per cent

Median in 2028: $592,000

• Sinnamon Park

Postcode: 4073

Area: Brisbane West

Current median: $1,060,000

Five-year change: 68 per cent

Median in 2028: $1,783,000

The Brisbane CBD. Picture: Bradley Kanaris/Getty Images

BOTTOM FIVE

• Windsor

Postcode: 4030

Area: Greater Brisbane

Current median: $541,000

Five-year change: –17 per cent

Median in 2028: $447,000

• Dutton Park

Postcode: 4102

Area: Greater Brisbane

Current median: $539,000

Five-year change: –17 per cent

Median in 2028: $446,000

• South Brisbane

Postcode: 4101

Area: Greater Brisbane

Current median: $549,000

Five-year change: –9 per cent

Median in 2028: $499,000

• Fortitude Valley

Postcode: 4006

Area: Greater Brisbane

Current median: $414,000

Five-year change: –8 per cent

Median in 2028: $381,000

• Wooloowin

Postcode: 4030

Area: Greater Brisbane

Current median: $673,000

Five-year change: –7 per cent

Median in 2028: $624,000

ADELAIDE

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Adelaide’s Glenside has seen strong growth. Picture: Brenton Edwards

TOP FIVE

• Glenside

Postcode: 5065

Area: Adelaide Central and Hills

Current median: $953,000

Five-year change: 135 per cent

Median in 2028: $2,237,000

• Kensington Gardens

Postcode: 5068

Area: Adelaide Central and Hills

Current median: $980,000

Five-year change: 103 per cent

Median in 2028: $1,990,000

• Elizabeth North

Postcode: 5113

Area: Adelaide North

Current median: $295,000

Five-year change: 90 per cent

Median in 2028: $561,000

• Kingswood

Postcode: 5062

Area: Adelaide South

Current median: $1,433,000

Five-year change: 90 per cent

Median in 2028: $2,723,000

• Davoren Park

Postcode: 5113

Area: Adelaide North

Current median: $330,000

Five-year change: 89 per cent

Median in 2028: $622,000

A house for sale in Payneham South. Picture: Taplin Real Estate

BOTTOM FIVE

• Payneham South

Postcode: 5070

Area: Greater Adelaide

Current median: $479,000

Five-year change: –16 per cent

Median in 2028: $401,000

• Walkerville

Postcode: 5081

Area: Greater Adelaide

Current median: $609,000

Five-year change: –6 per cent

Median in 2028: $575,000

• Plympton

Postcode: 5038

Area: Greater Adelaide

Current median: $507,000

Five-year change: –2 per cent

Median in 2028: $499,000

• St Peters

Postcode: 5069

Area: Greater Adelaiade

Current median: $1,218,000

Five-year change: –1 per cent

Median in 2028: $1,202,000

• Kurralta Park

Postcode: 5037

Area: Greater Adelaide

Current median: $543,000

Five-year change: 3 per cent

Median in 2028: $561,000

HOBART

Homes under construction in Bridgewater. Picture: Matt Thompson

TOP FIVE

• Bridgewater

Postcode: 7030

Area: Hobart

Current median: $480,000

Five-year change: 134 per cent

Median in 2028: $1,124,000

• New Norfolk

Postcode: 7140

Area: Hobart

Current median: $460,000

Five-year change: 119 per cent

Median in 2028: $1,008,000

• Primrose Sands

Postcode: 7173

Area: Hobart

Current median: $510,000

Five-year change: 117 per cent

Median in 2028: $1,107,000

• Risdon Vale

Postcode: 7016

Area: Hobart

Current median: $474,000

Five-year change: 111 per cent

Median in 2028: $999,000

• Chigwell

Postcode: 7011

Area: Hobart

Current median: $525,000

Five-year change: 101 per cent

Median in 2028: $1,056,000

View over city from Mount Nelson. Picture: Getty Images

BOTTOM FIVE

• Hobart

Postcode: 7000

Area: Greater Hobart

Current median: $800,000

Five-year change: 30 per cent

Median in 2028: $1,037,000

• North Hobart

Postcode: 7000

Area: Greater Hobart

Current median: $880,000

Five-year change: 35 per cent

Median in 2028: $1,191,000

• Battery Point

Postcode: 7004

Area: Greater Hobart

Current median: $1,050,000

Five-year change: 40 per cent

Median in 2028: $1,468,000

• Mount Nelson

Postcode: 7007

Area: Greater Hobart

Current median: $827,000

Five-year change: 42 per cent

Median in 2028: $1,176,000

• Mount Stuart

Postcode: 7000

Area: Greater Hobart

Current median: $845,000

Five-year change: 43 per cent

Median in 2028: $1,208,000

PERTH

Swanbourne is tipped for strong growth.

TOP FIVE

• Swanbourne

Postcode: 6010

Area: Greater Perth

Current median: $2,105,000

Five-year change: 53 per cent

Median in 2028: $3,211,000

• Glen Forrest

Postcode: 6071

Area: Greater Perth

Current median: $720,000

Five-year change: 50 per cent

Median in 2028: $1,080,000

• Mullaloo

Postcode: 6027

Area: Greater Perth

Current median: $930,000

Five-year change: 46 per cent

Median in 2028: $1,362,000

• Sorrento

Postcode: 6020

Area: Greater Perth

Current median: $1,280,000

Five-year change: 45 per cent

Median in 2028: $1,851,000

• North Beach

Postcode: 6020

Area: Greater Perth

Current median: $1,230,000

Five-year change: 44 per cent

Median in 2028: $1,772,000

Some Perth suburbs could fall as much as 24 per cent.

BOTTOM FIVE

• Applecross

Postcode: 6153

Area: Greater Perth

Current median: $1,105,000

Five-year change: –24 per cent

Median in 2028: $842,000

• Osborne Park

Postcode: 6017

Area: Greater Perth

Current median: $303,000

Five-year change: –23 per cent

Median in 2028: $232,000

• Shelley

Postcode: 6148

Area: Greater Perth

Current median: $620,000

Five-year change: –18 per cent

Median in 2028: $508,000

• South Perth

Postcode: 6151

Area: Greater Perth

Current median: $635,000

Five-year change: –16 per cent

Median in 2028: $536,000

• Cockburn Central

Postcode: 6164

Area: Greater Perth

Current median: $357,000

Five-year change: –16 per cent

Median in 2028: $301,000

CANBERRA

Some Canberra suburbs are set to boom. Picture: Getty Images

TOP FIVE

• Coombs

Postcode: 2611

Area: ACT

Current median: $735,000

Five-year change: 89 per cent

Median in 2028: $1,389,000

• Throsby

Postcode: 2914

Area: ACT

Current median: $1,135,000

Five-year change: 67 per cent

Median in 2028: $1,897,000

• Hawker

Postcode: 2614

Area: ACT

Current median: $846,000

Five-year change: 66 per cent

Median in 2028: $1,403,000

• Macgregor

Postcode: 2615

Area: ACT

Current median: $795,000

Five-year change: 66 per cent

Median in 2028: $1,316,000

• Gordon

Postcode: 2906

Area: ACT

Current median: $791,000

Five-year change: 65 per cent

Median in 2028: $1,302,000

But other parts of the capital may not be so lucky.

BOTTOM FIVE

• Forrest

Postcode: 2603

Area: ACT

Current median: $972,000

Five-year change: –12 per cent

Median in 2028: $855,000

• Bruce

Postcode: 2617

Area: ACT

Current median: $503,000

Five-year change: –4 per cent

Median in 2028: $481,000

• Denman Prospect

Postcode: 2611

Area: ACT

Current median: $731,000

Five-year change: 2 per cent

Median in 2028: $748,000

• Gungahlin

Postcode: 2912

Area: ACT

Current median: $498,000

Five-year change: 10 per cent

Median in 2028: $546,000

• Wright

Postcode: 2611

Area: ACT

Current median: $645,000

Five-year change: 14 per cent

Median in 2028: $736,000

DARWIN

Darwin prices are set for decent gains. Picture: Raine & Horne Darwin

TOP FIVE

• Bakewell

Postcode: 832

Area: Greater Darwin

Current median: $400,000

Five-year change: 36 per cent

Median in 2028: $544,000

• Berrimah

Postcode: 828

Area: Greater Darwin

Current median: $475,000

Five-year change: 35 per cent

Median in 2028: $643,000

• Malak

Postcode: 812

Area: Greater Darwin

Current median: $525,000

Five-year change: 35 per cent

Median in 2028: $707,000

• Durack

Postcode: 830

Area: Greater Darwin

Current median: $550,000

Five-year change: 30 per cent

Median in 2028: $716,000

• Muirhead

Postcode: 810

Area: Greater Darwin

Current median: $711,000

Five-year change: 29 per cent

Median in 2028: $919,000

The view across Darwin Harbour. Picture: Tourism NT

BOTTOM FIVE

• Nightcliff

Postcode: 810

Area: Greater Darwin

Current median: $430,000

Five-year change: –9 per cent

Median in 2028: $392,000

• Larrakeyah

Postcode: 820

Area: Greater Darwin

Current median: $425,000

Five-year change: –9 per cent

Median in 2028: $388,000

• Fannie Bay

Postcode: 820

Area: Greater Darwin

Current median: $542,000

Five-year change: –1 per cent

Median in 2028: $534,000

• Coconut Grove

Postcode: 810

Area: Greater Darwin

Current median: $372,000

Five-year change: –1 per cent

Median in 2028: $369,000

• Rapid Creek

Postcode: 810

Area: Greater Darwin

Current median: $500,000

Five-year change: 0 per cent

Median in 2028: $500,000

Originally published as What your home will be worth in five years