Australian house prices: Top-performing suburbs in every state that have defied the downturn

Home prices in some Aussie suburbs are growing by as much as 43 per cent year-on-year. This is where.

Australia’s housing market has had a mixed start to spring, but PropTrack data has revealed a number of suburbs around the country that have seen massive growth over the past 12 months.

Looking at markets with at least 100 sales for the year, the data revealed some had experienced boom like growth cycles.

The Perth suburb of Armadale was the best performer, with 42.9 per cent growth in house values year on year.
Davoren Park was Adelaide’s best with nearly 38 per cent growth, while Sydney’s Gables (33 per cent) and Brisbane’s Kingston (29.2 per cent) topped their states. Victoria was more subdued than the other states, with Ivanhoe (17.3 per cent) leading the way.

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PropTrack senior economist Eleanor Creagh said several factors were contributing to robust performance in these areas, such as tight supply, migratory trends to more affordable areas and lower base prices attracting buyers. Rising interest rates had also sparked more competition for affordable ends of the market.

PropTrack senior economist Eleanor Creagh Photo: Supplied

Ms Creagh said nation wide that the key issue was the controlled building activity alongside strong population growth has led to a chronic shortage of housing in both rental and buying markets.

“Addressing the supply of suitable homes across the country is of paramount importance,” she said.

New South Wales

Sydney’s robust housing market, where suburbs like Gables, Lindfield, and Chester Hill are leading in growth, driven by home equity gains and forward thinking suburb planning.

Sydney has defied affordability challenges due to home equity gains and persistent growth motivating buyers.

Leading housing growth in NSW over the last 12 months was Gables (33 per cent), Lismore (23.1 per cent) and Chester Hill (22.4 per cent).

Lindfield (33.7 per cent), Queanbeyan East (23.4 per cent) and Elizabeth Bay (20.2 per cent), led unit growth.

A four-bedroom, two-bathroom house at 17 Holstein Rd, Gables sold for $1.825m by McGrath Northwest – Kellyville's Wayne Zahra

Ms Creagh said the city’s market remains robust, though further insights into Sydney’s future performance remain to be seen.

McGrath Northwest – Kellyville’s Wayne Zhara said the masterplan suburb of Gables has done so well in the last 12 months due to it being set up as the perfect family residential suburb

“It’s sets a new standard of what suburb planning should look like – it has amazing infrastructure coming and it has been set up as a family residential suburb – it’s still very close to amenities outside of Gables, that is what the buzz is in the town.

A three-bedroom, two-bathroom apartment at 1B302/3-11 Burleigh St, Lindfield sold for $1.825m by The Marshall Group RE's Jessica Liu

“4000 dwellings we’re about 50 per cent of the way through, Santa Sophia Catholic College has been a draw card and a lot of young families want their children to be part of that school – the suburb is bringing back the old days, it’s a safe community.

“It’s paramount when planning suburbs the planners get it right, the buyer needs to see the lifestyle opportunity.

McGrath Northwest – Kellyville’s Wayne Zhara

Mr Zhara said the market is Sydney more broadly was strong but it is harder to sell than it was previously.

“Buyers still want to transact but it’s all about the bottom line with restrictions that they’ve had with lending capabilities and with the overall standard costs of living it has stressed buyers to the fullest,” he said.

“Buyers decisions aren’t being made as quickly as they would have done in the past – they’re considering am I going to spend $2m today, or am I going to understand what I’m getting beyond the house – that’s why Gables is so great.”

Top 10 House Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Gables	Sydney - Baulkham Hills and Hawkesbury	138	$1,450,000	33
Lismore	Richmond - Tweed	109	$400,000	23.1
Chester Hill	Sydney - Parramatta	122	$1,200,000	22.4
South Lismore	Richmond - Tweed	106	$287,500	22.3
Punchbowl	Sydney - Inner South West	126	$1,290,500	21.7
Earlwood	Sydney - Inner South West	154	$2,102,500	20.6
Kingsgrove	Sydney - Inner South West	109	$1,850,000	20.5
Kingsgrove	Sydney - Inner South West	109	$1,850,000	20.5
Bossley Park	Sydney - South West	111	$1,250,000	19
Rosemeadow	Sydney - Outer South West	110	$875,000	19
Auburn	Sydney - Parramatta	171	$1,300,000	18.2
The Ponds	Sydney - Blacktown	200	$1,650,000	17.9

Top 10 Unit Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Lindfield	Sydney - North Sydney and Hornsby	109	$1,380,000	33.7
Queanbeyan East	Capital Region	102	$475,000	23.4
Elizabeth Bay	Sydney - City and Inner South	173	$1,100,000	20.2
Cammeray	Sydney - North Sydney and Hornsby	147	$1,376,000	18.1
Bellevue Hill	Sydney - Eastern Suburbs	141	$1,600,000	17.6
Killara	Sydney - North Sydney and Hornsby	101	$1,200,000	17.4
Banora Point	Richmond - Tweed	145	$735,000	14.8
Marrickville	Sydney - City and Inner South	191	$900,000	14.6
Dulwich Hill	Sydney - City and Inner South	205	$923,000	13.3
Freshwater	Sydney - Northern Beaches	113	$1,122,000	12.2

Victoria

Melbourne’s housing market shows resilience with significant growth in suburbs like Ivanhoe, Diamond Creek, and Coburg North. Ivanhoe leads the housing growth, while Blackburn, Box Hill, and Surrey Hills witness strong unit growth, driven by overseas interest and skilled migrants.

Melbourne’s market has faced unique challenges, including unfavourable investment taxation and changes to tenancy laws making investment properties less attractive.

Leading house price growth over the last 12 months was Ivanhoe (17.3 per cent), Diamond Creek (13.2 per cent) and Coburg North (12.8 per cent).

Blackburn (22.1 per cent), Box Hill (11.1 per cent) and Surrey Hills (11 per cent), led unit growth.

A three-bedroom, two-bathroom home at 202 Waterdale Rd, Ivanhoesold for $1.575m by Nelson Alexander Ivanhoe's Nunzio Sulfaro

Ms Creagh there had been more sales than purchases by investors in Melbourne, although buyers benefit from increased choices with the highest total listings since 2018.

“The market has not fully recovered from the pandemic downturn,” she said.

Prominent Melbourne buyers advocate Cate Bakos

Prominent Melbourne buyers advocate Cate Bakos said Diamond Creek and Coburg North are catering to first home buyers as they offer great amenities.

“Ivanhoe’s surge of activity could be to do with mortgage stress,” Ms Bakos said.

A three-bedroom, two-bathroom unit at 2/12 Cootamundra Crescent, Blackburn sold for $1.21m by Fletchers Blackburn's Robert Sheahan

“With higher interest rates, we’ve seen sales at higher price points and a higher turnover in the top quartile.

“With units, Blackburn, Box Hill, and Surrey Hills have all seen significant overseas interest, especially since the Covid lockdowns – skilled migrants have been arriving in these areas and the hospital precinct.“

Top 10 House Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Ivanhoe	Melbourne - North East	104	$1,700,500	17.3
Diamond Creek	Melbourne - North East	149	$1,075,000	13.2
Coburg North	Melbourne - North West	108	$1,012,500	12.8
Parkdale	Melbourne - Inner South	124	$1,517,500	12.4
Ringwood North	Melbourne - Outer East	123	$1,250,000	11.6
Bendigo	Bendigo	110	$600,000	11.4
Newtown	Geelong	114	$1,241,250	10.8
Hallam	Melbourne - South East	123	$740,000	10.4
Greensborough	Melbourne - North East	205	$1,050,000	9.4
Eltham	Melbourne - North East	189	$1,310,000	9.2

Top 10 Unit Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Blackburn	Melbourne - Inner East	163	$750,000	22.1
Box Hill	Melbourne - Inner East	352	$596,500	11.1
Surrey Hills	Melbourne - Inner East	116	$938,000	11
Cheltenham	Melbourne - Inner South	242	$672,500	10.1
Port Melbourne	Melbourne - Inner	247	$755,000	10.1
Chadstone	Melbourne - South East	111	$930,000	9.4
Northcote	Melbourne - Inner	231	$640,000	8.8
Melbourne	Melbourne - Inner	2178	$575,250	8.5
Murrumbeena	Melbourne - Inner South	132	$571,500	8.3
Caulfield North	Melbourne - Inner South	226	$647,500	7.7

Queensland

Brisbane’s real estate market thrives with significant growth driven by affordability in regions such as Logan, Beaudesert, and Ipswich.

Queensland continues to experience strong growth, driven by affordability in regions like Logan, Beaudesert, and Ipswich.

Ms Creagh said these affordable areas were recording significant growth, pushing buyers down the value chain.

A three-bedroom, one-bathroom home at 8 Anthony St, Kingston sold for $570,000 by Ray White AKG's Rebecca Cudderman

The state’s top performers for houses over 12 months were Kingston (29.2 per cent), Calamvale (26.2 per cent) and Koongal (26 per cent).

For units, it was Annerley (31.3 per cent), Woodridge (29.4 per cent) and Main Beach (28.3 per cent).

NGU Real Estate's Jason Yang

NGU Real Estate’s Jason Yang said many riverfront homes were currently on the market in Brisbane, with an attractive feature being the connection to the Cross River Rail project via the train line. “This connectivity has made Yeerongpilly a desirable location, prompting buyers to pay a premium to remain close to Brisbane CBD — a feature that differentiates it from suburbs like Westlake and Mount Ommaney,” Mr Yang said.

“The recent addition of train lines and stations in Queensland is considered a safe investment, contributing positively to the real estate market.”

Mr Yang emphasised that land in South East Queensland remains highly valuable, especially in suburbs with older homes and generational wealth, which continue to flourish.

A two-bedroom, one-bathroom townhouse at 14/47 Franklin St, Annerley sold for $775,000 by Atlas Brisbane's Matt Slater.

“In today’s market, the cost to replace these homes would be prohibitive – from an investment perspective, negative gearing benefits are substantial,” he said.

“If investors navigate this correctly, considering the current rental crisis, appropriate policies could address these shortages effectively.

“One of the significant financial hurdles in purchasing a home is the stamp duty,”

Mr Yang believes that implementing the right exemptions at the correct thresholds for families entering the market could make a notable difference, potentially easing the transition for new buyers.

Top 10 House Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Kingston	Logan - Beaudesert	141	$620,000	29.2
Calamvale	Brisbane - South	111	$1,210,000	26.2
Koongal	Central Queensland	103	$387,500	26
Leichhardt	Ipswich	103	$535,000	25.9
Goodna	Ipswich	154	$572,500	25.8
North Mackay	Mackay - Isaac - Whitsunday	134	$440,000	25.7
Woodridge	Logan - Beaudesert	153	$600,000	25.5
Marsden	Logan - Beaudesert	154	$688,000	23.9
Flinders View	Ipswich	101	$685,000	23.4
Bargara	Wide Bay	198	$800,000	23.1

Top 10 Unit Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Annerley	Brisbane - South	142	$650,000	31.3
Woodridge	Logan - Beaudesert	196	$330,000	29.4
Main Beach	Gold Coast	178	$1,585,000	28.3
Beenleigh	Logan - Beaudesert	110	$369,300	25.8
Zillmere	Brisbane - North	119	$530,000	24.7
Runaway Bay	Gold Coast	129	$860,000	23.4
Eagleby	Logan - Beaudesert	139	$411,500	22.8
Lutwyche	Brisbane Inner City	163	$620,000	22.5
Richlands	Ipswich	163	$530,005	22.2
Albion	Brisbane Inner City	135	$610,000	22

South Australia

Adelaide’s property market has experienced significant price rises recently, especially in the northern suburbs – first home buyers and tight supply have driven prices upwards, with investment and infrastructure developments further boosting the market.

Adelaide has seen significant growth in recent years, particularly during the pandemic.

Leading the way over the last 12 months were Davoren Park (37.9 per cent), Munno Para (33.7 per cent) and Elizabeth North (31.3 per cent) for houses.

Meanwhile, Mawson Lakes (46.7 per cent) and Mount Gambier (48.8 per cent), led unit growth.

A three-bedroom, one-bathroom home at 6 Brimsdown Rd, Davoren Park sold for $570,000 by Ray White Barossa/ Two Wells' Jamie Wood.

“South Australia has experienced notable affordability deterioration, with regions in Adelaide’s North outperforming due to investment and infrastructure developments,” Ms Creagh said.

Ray White Craigmore’s Anthony Cirillo

Ray White Craigmore’s Anthony Cirillo said a lot of interest from first home buyers were pushing up prices in Adelaide’s northern suburbs.

“Davoren Park was one of the most affordable suburbs in Adelaide – buyers can find a home for under $500,000 here.

“Owner occupiers make up the market in South Australia and a lot of local investors – there isn’t enough of supply of affordable homes.

“We need to see a policy shift from the federal and state governments allowing it to be easier to build and cap migration for a little bit.”

A three-bedroom, two-bathroom townhouse at 6/35 Victoria Parade, Mawson Lakes sold for $623,000 by LJ Hooker Property Specialists' Shaun Roberts

Mr Cirillo said the property market in Adelaide is like a game of musical chairs.

“Some people were panic buying like toilet paper at one stage and was snapping up anything they could find – I think that’s contributed to the situation we’re in right now,” he said.

Top 10 House Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Davoren Park	Adelaide - North	226	$455,000	37.9
Munno Para	Adelaide - North	144	$522,075	33.7
Elizabeth North	Adelaide - North	111	$420,000	31.3
Elizabeth Park	Adelaide - North	121	$487,750	28.4
Elizabeth East	Adelaide - North	103	$492,000	27.1
Smithfield Plains	Adelaide - North	102	$465,500	25.8
Elizabeth Downs	Adelaide - North	142	$451,500	25.4
Salisbury North	Adelaide - North	175	$515,000	24.8
Andrews Farm	Adelaide - North	213	$535,000	24.4
Paralowie	Adelaide - North	240	$607,500	22.7

Top Unit Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Mawson Lakes	Adelaide - North	153	$440,000	46.7
Mount Gambier	South Australia - South East	105	$305,000	48.8

Western Australia

Perth’s property market soars with record growth, driven by areas like Armadale, Camillo, and Parmelia, amid heightened demand and competitive conditions.

Perth has been the nation’s strongest performing market over the past year.

Armadale had the most growth for houses (42.9 per cent), followed by Camillo (41.7 per cent) and Parmelia (39.7 per cent).

Gosnells (38.9 per cent), Armadale (33.2 per cent) and Rockingham (28.9 per cent), led unit growth.

A three-bedroom, one-bathroom house at 4 Elanora Rd, Armadale sold for $575,000 by Professionals Armadale's Jason Shier

Ms Creagh said WA prices have surged by more than 23 per cent over the past year, driven by relative affordability and constrained supply leading to competitive conditions.

“The rental market fosters investor activity, encouraging prompt purchases,” Ms Creagh said.

Perth’s recent growth follows years of economic stagnation and can be seen as catching up after a period of underperformance.

EQ Realty Managing Director Erit David

EQ Realty managing director Erit David from Perth said that population growth and rental availability in cities like Sydney and Melbourne are shaping the property trends in Perth.

“Inner-city areas have become unaffordable for first-time home buyers, pushing them towards developing areas like Armadale, Camillo, and Parmelia,” Ms David said.

“Population inflow, particularly of young professionals thriving on high salaries, is influencing Perth’s demographic and geographic landscape.

A three-bedroom, two-bathroom unit at 1/37 Verna St, Gosnells sold for $596,666 by Haiven Property's Shane Beaumont

“The demand for housing is lifestyle-driven, creating pressure on local governments to accommodate the growing population,”

Ms David said the strong market includes fewer vacancies and increased competition with interest rates are influencing market dynamics, pushing prices up and adding burden to buyers who anticipated rate hikes.

She said the rental pool’s insufficiencies intensify issues for both renters and potential buyers.

Top 10 House Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Armadale	Perth - South East	356	$500,000	42.9
Camillo	Perth - South East	136	$510,000	41.7
Parmelia	Perth - South West	131	$545,000	39.7
Maddington	Perth - South East	208	$580,000	38.1
Kelmscott	Perth - South East	239	$560,000	34.2
Yangebup	Perth - South West	120	$735,000	34.2
Wanneroo	Perth - North West	216	$686,500	33.3
Seville Grove	Perth - South East	205	$585,000	33
Coodanup	Mandurah	110	$531,500	32.9
Mandurah	Mandurah	203	$491,000	32.7

Top 10 Unit Growth Suburbs in last year

Suburb	Region	Number Sold 12 months	Median Sale Price 12 months	Change in Median Price 12 months
Gosnells	Perth - South East	116	$425,000	38.9
Armadale	Perth - South East	149	$390,000	32.2
Rockingham	Perth - South West	324	$415,000	28.9
Osborne Park	Perth - North West	137	$388,850	27.9
Bentley	Perth - South East	112	$486,000	24.9
Success	Perth - South West	102	$425,000	24.4
Midland	Perth - North East	290	$380,000	22.6
Mandurah	Mandurah	271	$385,000	22.2
South Perth	Perth - South East	373	$605,000	21
Como	Perth - South East	285	$600,000	20

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Originally published as Australian house prices: Top-performing suburbs in every state that have defied the downturn