The 270 suburbs where home prices have surged over the past year

While the heady days of the housing boom are over and rate rises have driven widespread price falls, a large number of suburbs across Australia have notched up strong price growth of up to 60% in a year.

Where prices have surged over the past year

PropTrack economist Angus Moore tells us that, while prices are falling nationally, some areas are performing better than others.

"There are still areas where we've seen very strong growth over the past 12 months, particularly in more peripheral parts of the city," he said.

He tells us that, particularly in the larger capital cities, outer suburbs have been outperforming the inner city.

The strong demand and price growth in many areas can partly be attributed to preference shifts during Covid, including more room to live and a tree or sea change.

"We've seen, through the pandemic, people wanting more space," Mr Moore said.

"That seems to be continuing and that pushes people a little further out of the city because it's very hard to find large dwellings in the inner part of the city, and particularly hard to find them at an affordable price point.

"These further out suburbs are usually more affordable and, as interest rates rise and borrowing capacities fall for would-be buyers, we might see some people shift where they're looking to buy or search a bit further out."

Picture: Getty

A small suburb in the Cessnock area in the Hunter Valley, one of Australia's best wine regions, had the strongest price growth nationally over the past year.

Mr Moore said the strong demand for homes in regional areas had driven up prices, particularly in locations within commuting distance to a major city such as the Sunshine Coast, Gold Coast, Wollongong and Geelong.

"We've seen regional prices consistently outperform capital cities across much of the pandemic, and that's showing up in terms of the strong growth we're seeing in some of those regional suburbs."

The PropTrack analysis shows the suburbs in each state and territory with the highest annual growth in median sale prices in the 12 months to 31 August.

Inner city suburbs also feature in some of the top 10 lists, particularly in Hobart, Adelaide, Perth and Canberra.

See the data for your state:

• New South Wales
• Victoria
• Queensland
• Tasmania
• South Australia
• Western Australia
• Australian Capital Territory
• Northern Territory

New South Wales

A small suburb on the outskirts of Cessnock in the Hunter Valley outdid every other suburb in Australia in house price growth over the past year. Bellbird's median house price surged by 59.5% to $630,000.

Brendan King, a real estate agent at Belle Property Hunter Valley, said the median was lifted by high-end sales that broke Bellbird's price record twice over the past year.

A four-bedroom lifestyle property on a small acreage holds the record after selling in May for $1.655 million, almost double what the vendors paid three-and-a-half years earlier.

Picture: realestate.com.au/sold

Mr King said prices in the Cessnock area are still growing, despite properties selling a little more slowly than they did at the peak of the boom.

He said buyers could get four-bedroom, two-bathroom and two-car homes for $650,000 in the Hunter region.

"It's still an affordable area. The first-home buyers cannot afford to buy in a lot of areas but they're coming out to the Hunter now and seeing the lifestyle and that it's good for families."

The always-popular Byron Bay had the highest annual growth for apartments in NSW, with its median unit price up 54% to $1.295 million.

In Greater Sydney, outer suburbs and the likes of The Entrance and North Avoca on the Central Coast topped the annual growth for house prices.

Picture: realestate.com.au/buy

Austral, 42km south-west of the Sydney CBD, saw the highest increase in price at 55.3%, taking its median house price to $1.085 million.

Wos Ayoubi, principal at Wos Realty Austral, said there is still strong buyer demand for the suburb but the rapid rise in interest rates is impacting the market. 

"There's still people interested in moving here, but you still have half of them sitting on the sidelines waiting for things to settle down.

"Enquiry levels aren't the same, but people do want to buy eventually; they just don't know what's happening in the market. There is a lot of uncertainty."

Picture: realestate.com.au/sold

Mr Ayoubi said market conditions have quietened due to the impact of interest rate rises, which has made it harder for people to get loans, increased their repayments, and reduced the amount they can borrow.

"I'm seeing a lot of people fall over before they can even exchange contracts," he said. "Things are still selling but they're very slow."

There is a lot of development activity in Austral in the urban-rural fringe, although Mr Ayoubi said the slow release of land in the South West Growth Area needs to be addressed. "That has compounded the issues with pricing and affordability," he said.

He said speeding up that process would improve affordability for first-home buyers.

"You're looking at a million dollars for a small house and land package, and that's not affordable anymore for a lot of first-home owners."

Mr Moore said, while the PropTrack Home Price Index showed prices in Sydney fell almost 1% over the past year, prices in the south-west are up 7% and 6% higher in the outer west and Blue Mountains.

Greater Sydney's highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Austral	Sydney – South-West	55.3%	$1,085,000
House	Silverdale	Sydney - Outer West and Blue Mountains	48.5%	$1,277,000
House	The Entrance	Central Coast	48.3%	$1,090,000
House	Erina	Central Coast	45.8%	$1,400,000
House	North Avoca	Central Coast	45.6%	$2,100,000
House	Melonba	Sydney - Blacktown	45.0%	$1,160,000
House	Bundeena	Sydney - Sutherland	44.2%	$1,875,000
House	East Gosford	Central Coast	43.5%	$1,100,000
House	Bronte	Sydney - Eastern Suburbs	43.2%	$6,750,000
House	Barden Ridge	Sydney - Sutherland	43.0%	$1,680,000
Unit	Darling Point	Sydney - Eastern Suburbs	41.4%	$2,775,000
Unit	Norwest	Sydney - Baulkham Hills and Hawkesbury	40.7%	$1,235,000
Unit	Edgecliff	Sydney - Eastern Suburbs	39.1%	$1,600,000
Unit	Terrigal	Central Coast	35.5%	$1,255,000
Unit	Kirribilli	Sydney - North Sydney and Hornsby	35.2%	$1,812,118
Unit	Richmond	Sydney - Outer West and Blue Mountains	34.1%	$650,500
Unit	Long Jetty	Central Coast	33.8%	$715,000
Unit	Forest Lodge	Sydney - City and Inner South	33.7%	$1,270,000
Unit	Cherrybrook	Sydney - Baulkham Hills and Hawkesbury	33.0%	$1,350,000
Unit	Gorokan	Central Coast	29.3%	$540,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional New South Wales highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Bellbird	Hunter Valley exc Newcastle	59.5%	$630,000
House	Long Beach	Capital Region	56.5%	$1,000,000
House	Jindabyne	Capital Region	56.0%	$1,455,000
House	Terranora	Richmond - Tweed	55.6%	$1,400,000
House	Shoal Bay	Hunter Valley exc Newcastle	55.4%	$1,157,500
House	Portland	Central West	53.2%	$429,000
House	Mollymook Beach	Southern Highlands and Shoalhaven	53.1%	$1,370,000
House	Aberdare	Hunter Valley exc Newcastle	52.3%	$615,000
House	Wallerawang	Central West	52.2%	$530,500
House	East Ballina	Richmond - Tweed	51.8%	$1,500,000
Unit	Byron Bay	Richmond - Tweed	54.0%	$1,295,000
Unit	Lennox Head	Richmond - Tweed	50.1%	$1,275,000
Unit	South West Rocks	Mid North Coast	47.6%	$513,750
Unit	Adamstown	Newcastle and Lake Macquarie	46.6%	$670,000
Unit	Goonellabah	Richmond - Tweed	43.5%	$550,000
Unit	Casuarina	Richmond - Tweed	41.9%	$940,000
Unit	Jindabyne	Capital Region	40.9%	$775,000
Unit	Yamba	Coffs Harbour - Grafton	40.3%	$775,000
Unit	Toronto	Newcastle and Lake Macquarie	37.3%	$755,000
Unit	Singleton	Hunter Valley exc Newcastle	37.3%	$350,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Victoria

Many outer suburbs in greater Melbourne are outperforming the inner city when it comes to prices, led by some lifestyle hotspots on the Mornington Peninsula and Macedon Ranges. 

Picture: Getty

Matt Carroll, director at Scenic Property Dromana, tells us that while demand has dropped a little and the market is more price sensitive compared to six months ago, there are still plenty of buyers.

"If the property's priced accurately, it's still creating that competition in bidding and buying."

Mr Carroll said the strongest demand is for A-grade properties or turnkey homes that don't need to be renovated.

Melbourne downsizers and holiday home buyers remain the main purchasers, with the ability to work from home attracting more people from the city during the pandemic.

"The Melbourne market is still funnelling down the Mornington Peninsula because of the lifestyle it offers down here," Mr Carroll said.

Picture: realestate.com.au/buy

Mr Carroll said part of the appeal of Safety Beach is its freeway access to Melbourne. The whole suburb is also beachside, rather than split by the freeway like many other Mornington Peninsula suburbs.

"It's like a boutique sleepy suburb. It's that rustic sort of feel where people feel like they're getting away from the big smoke."

The Gippsland town of Bunyip, right on the south-east edge of greater Melbourne, had 33% annual price growth.

Mr Moore noted prices in Melbourne's south-east, west and the Mornington Peninsula have held up a bit better than the inner city over the past 12 months.

"Prices in the west and south-east are still up 4% over the past year, whereas prices in Melbourne overall are basically flat."

All of regional Victoria's top 10 had median house price growth above 40%, with three above 50%. The historic High Country village of Bright was the leader for growth, seeing a 53% rise to $1.225 million.

Greater Melbourne highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Safety Beach	Mornington Peninsula	38.2%	$1,285,000
House	Bunyip	Melbourne – South-East	33.3%	$800,000
House	Kilsyth South	Melbourne - Outer East	30.8%	$1,200,000
House	Bonbeach	Melbourne - Inner South	30.6%	$1,260,000
House	Riddells Creek	Melbourne – North-West	30.3%	$1,107,500
House	Narre Warren North	Melbourne – South-East	29.9%	$1,760,000
House	Sorrento	Mornington Peninsula	28.8%	$2,520,000
House	Pearcedale	Melbourne – South-East	28.3%	$975,000
House	Gisborne	Melbourne – North-West	27.8%	$1,158,000
House	Millgrove	Melbourne - Outer East	27.4%	$616,250
Unit	Moorabbin	Melbourne - Inner South	51.4%	$833,500
Unit	Blackburn South	Melbourne - Inner East	42.9%	$900,000
Unit	Williamstown	Melbourne - West	24.0%	$843,500
Unit	Parkville	Melbourne - Inner	21.4%	$625,000
Unit	Hastings	Mornington Peninsula	20.6%	$550,000
Unit	Mount Martha	Mornington Peninsula	20.3%	$880,000
Unit	Rosebud	Mornington Peninsula	19.9%	$730,000
Unit	Mount Eliza	Mornington Peninsula	19.2%	$775,000
Unit	Black Rock	Melbourne - Inner South	18.9%	$1,225,000
Unit	Balwyn North	Melbourne - Inner East	17.7%	$1,153,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional Victoria highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Bright	Hume	53.1%	$1,225,000
House	Wy Yung	Latrobe - Gippsland	51.4%	$710,000
House	Eagle Point	Latrobe - Gippsland	50.6%	$595,000
House	Rochester	Shepparton	47.5%	$442,500
House	Dinner Plain	Hume	45.3%	$890,000
House	Yallourn North	Latrobe - Gippsland	44.0%	$360,000
House	Myrtleford	Hume	42.3%	$624,500
House	North Wonthaggi	Latrobe - Gippsland	40.9%	$648,250
House	Ararat	North-West	40.6%	$381,000
House	Dennington	Warrnambool and South-West	40.6%	$625,500
Unit	Lakes Entrance	Latrobe - Gippsland	40.3%	$425,000
Unit	Moe	Latrobe - Gippsland	35.3%	$230,000
Unit	Shepparton	Shepparton	33.1%	$339,500
Unit	Golden Square	Bendigo	29.8%	$422,000
Unit	Wodonga	Hume	29.8%	$316,000
Unit	Kennington	Bendigo	28.5%	$450,000
Unit	Herne Hill	Geelong	28.3%	$399,000
Unit	Wonthaggi	Latrobe - Gippsland	24.1%	$490,000
Unit	Newcomb	Geelong	23.5%	$530,000
Unit	Mildura	North-West	23.4%	$290,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Queensland

Suburbs on the Gold Coast and Sunshine Coast have recorded some of the strongest increases in prices over the past year, with other regional Queensland locations also posting high annual growth.

The median house price at Surfers Paradise jumped 53.3% to $2.797 million. Clear Island Waters, also on the Gold Coast, had a 52.6% rise to $1.95 million.

Picture: realestate.com.au/buy

Surfers Paradise had the strongest annual house price growth in Queensland, with homes on the Gold Coast as well as the Sunshine Coast in huge demand.

The Sunshine Coast topped growth in Queensland for units, with Sunshine Beach's median unit price up 45% to $1.64 million.

Vast numbers of people, particularly from Sydney and Melbourne, have moved to South East Queensland during the pandemic.

Mr Moore said interstate migration and huge demand has driven up prices, particularly in the Gold and Sunshine Coasts, but also in Brisbane.

"To date, that shift in demand for these areas looks to be continuing. We are continuing to see prices in Brisbane outperform Sydney and Melbourne."

Mr Moore said the more affordable capitals of Brisbane and Adelaide are expected to continue to outperform in terms of prices, as people look for larger homes and to relocate, if they're able to work remotely.

Greater Brisbane's top 10 includes a few inner-city entrants, such as riverside Hamilton, although suburbs further out from the CBD also feature.

Picture: realestate.com.au/buy

Brisbane's highest price growth and most in-demand suburb for houses over the past year is Kenmore Hills, about 14km south-west of the CBD. Its median house price has grown 50.2% to $1.51 million.

Jarrod Hooley, a sales executive at Brisbane Real Estate Indooroopilly, said buyers had been discovering Kenmore Hills over the past few years once they expanded their search a little bit further out than the likes of Kenmore.

"It's more affordable than Chapel Hill but the houses are newer than the ones they're looking at in Kenmore. They've got more access to parks and it's a quieter area than the majority of Kenmore."

While prices in Kenmore Hills have jumped over the past year, Mr Hooley described the market as unpredictable.

"We've got a lot of buyers coming through giving us offers 10-30% lower than the asking price because they say the market's headed backwards. But they're still standing at an open home that has 15-20 groups coming through it. Prior to Covid, I'd be happy with four to five groups."

Greater Brisbane highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Kenmore Hills	Brisbane - West	50.2%	$1,510,000
House	Woody Point	Moreton Bay - North	49.8%	$830,000
House	Thorneside	Brisbane - East	49.1%	$967,150
House	Newport	Moreton Bay - North	47.1%	$1,280,000
House	Hamilton	Brisbane Inner City	46.7%	$2,215,000
House	Eight Mile Plains	Brisbane - South	46.6%	$1,201,750
House	Kooralbyn	Logan - Beaudesert	45.5%	$550,000
House	Windsor	Brisbane Inner City	43.3%	$1,340,000
House	Alderley	Brisbane Inner City	43.3%	$1,286,000
House	Eagleby	Logan - Beaudesert	43.2%	$501,350
Unit	Wakerley	Brisbane - East	36.1%	$571,500
Unit	Balmoral	Brisbane Inner City	33.6%	$755,000
Unit	Ellen Grove	Ipswich	33.3%	$350,000
Unit	Griffin	Moreton Bay - South	33.2%	$421,000
Unit	Springfield	Ipswich	32.2%	$390,000
Unit	Brassall	Ipswich	31.5%	$302,500
Unit	Loganlea	Logan - Beaudesert	31.2%	$315,000
Unit	Norman Park	Brisbane Inner City	29.6%	$635,000
Unit	Tingalpa	Brisbane - East	29.0%	$518,750
Unit	Taigum	Brisbane - North	29.0%	$432,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional Queensland highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Surfers Paradise	Gold Coast	53.3%	$2,797,000
House	Clear Island Waters	Gold Coast	52.6%	$1,950,000
House	Collinsville	Mackay - Isaac - Whitsunday	52.5%	$152,500
House	Agnes Water	Central Queensland	52.1%	$680,000
House	Innes Park	Wide Bay	51.7%	$682,500
House	Eumundi	Sunshine Coast	50.6%	$1,287,500
House	Mundubbera	Wide Bay	49.1%	$197,500
House	Cooroibah	Sunshine Coast	48.6%	$1,300,000
House	Yarraman	Darling Downs - Maranoa	47.2%	$265,000
House	Glenwood	Wide Bay	47.0%	$441,000
Unit	Sunshine Beach	Sunshine Coast	45.1%	$1,640,000
Unit	Caloundra	Sunshine Coast	44.8%	$782,000
Unit	Rainbow Beach	Wide Bay	43.9%	$410,000
Unit	Currimundi	Sunshine Coast	40.7%	$652,500
Unit	Agnes Water	Central Queensland	40.7%	$415,000
Unit	Peregian Springs	Sunshine Coast	39.5%	$865,000
Unit	Scarness	Wide Bay	38.3%	$430,000
Unit	Maryborough	Wide Bay	37.7%	$230,000
Unit	Hollywell	Gold Coast	37.5%	$1,292,500
Unit	Peregian Beach	Sunshine Coast	37.5%	$976,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Tasmania

Tranmere, on Hobart's eastern shore, recorded the second highest house price growth across Australia. Its median house price surged 59.3% to $1.3 million in the past year.

Jake Towns, director at Petrusma Property Howrah, said Tranmere's big draw is its spectacular views across the River Derwent to Hobart's cityscape and the peaks of Mount Wellington.

"It's really got unrivalled views. There are few homes in Tranmere that don't have 180-degree uninterrupted views.

"It's quite stunning and you've also got a front row seat for the Sydney to Hobart (yacht race).

"All the homes there are, on Hobart scale, very big and very grand, so you are surrounded by a lot of very high-quality homes," he added.

Mr Towns said Tranmere's median sale price is also strong because it’s a relatively new suburb where almost all the homes are new and larger.

Picture: realestate.com.au/buy

Other suburbs with strong growth included Carlton (up 49.8% to $726,000) and South Hobart, one of Hobart's and Australia's fastest-selling suburbs, which had 48.6% annual growth in its median house sale price to $1.085 million.

Mr Moore said Hobart was one of the particularly strong performers across the pandemic.

"We saw very brisk price growth through the back half of 2020 and in 2021 coupled with extremely tight conditions with very few listings for buyers to choose from and quite strong demand. That meant we saw prices grow very briskly in all parts of Tasmania."

Mr Moore said market conditions in Hobart have shifted this year, with the total number of properties for sale now back above pre-pandemic levels. Hobart prices fell in August but remain 10% higher than a year ago.

Mr Towns said conditions have softened in greater Hobart and investor activity, in particular, has slowed.

"The top end of the market hasn't felt it as much. We get a lot of people moving here from interstate cities looking for a green change," he added.

Greater Hobart highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Tranmere	Hobart	59.3%	$1,300,000
House	Carlton	Hobart	49.8%	$726,000
House	South Hobart	Hobart	48.6%	$1,085,000
House	Bridgewater	Hobart	43.5%	$476,500
House	Primrose Sands	Hobart	38.8%	$527,500
House	Warrane	Hobart	36.8%	$605,500
House	Sorell	Hobart	35.2%	$676,000
House	Mornington	Hobart	33.1%	$645,500
House	West Moonah	Hobart	32.2%	$750,000
House	Lenah Valley	Hobart	30.8%	$900,000
Unit	Bellerive	Hobart	47.7%	$650,000
Unit	Brighton	Hobart	40.4%	$500,000
Unit	Lenah Valley	Hobart	35.6%	$600,000
Unit	Kingston	Hobart	22.1%	$595,000
Unit	Howrah	Hobart	20.6%	$615,000
Unit	Glenorchy	Hobart	20.2%	$470,000
Unit	Sandy Bay	Hobart	20.2%	$775,000
Unit	Moonah	Hobart	17.8%	$525,000
Unit	Claremont	Hobart	12.0%	$440,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional Tasmania highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Port Sorell	West and North-West	46.4%	$735,000
House	Beaconsfield	Launceston and North-East	45.0%	$435,000
House	Waverley	Launceston and North-East	44.1%	$400,000
House	Mayfield	Launceston and North-East	42.9%	$375,000
House	Deloraine	Launceston and North-East	42.5%	$570,000
House	Bicheno	South-East	41.7%	$730,000
House	Prospect Vale	Launceston and North-East	40.9%	$680,000
House	Launceston	Launceston and North-East	40.7%	$781,000
House	Miandetta	West and North-West	38.0%	$490,000
House	Acton	West and North-West	37.6%	$344,000
Unit	Prospect Vale	Launceston and North-East	28.1%	$462,500
Unit	Riverside	Launceston and North-East	27.8%	$446,000
Unit	Newnham	Launceston and North-East	23.7%	$360,000
Unit	Ulverstone	West and North-West	22.5%	$367,500
Unit	Devonport	West and North-West	18.3%	$377,500
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

South Australia

Inner-ring suburbs dominate Adelaide's highest-growth suburbs, although the list is topped by Elizabeth South in the outer north, where the median house price rose by 56.8% to $290,000.

Inner-city Erindale had annual growth of 55.9% to $1.715 million, and Clarence Park's median increased by 52.9% to $1.185 million.

Picture: realestate.com.au/buy

All suburbs making Adelaide's top 10 list had annual price growth above 45%, including homes in Kensington Park, where the median house price now sits at $1.647 million.

Like Brisbane, Adelaide has benefited from people looking for larger homes in the more affordable capitals.

Adelaide is the strongest-performing capital city market over the past year with 18.6% annual home price growth, according to the Home Price Index.

"It's been driven by people wanting a bit more space, which Adelaide can offer as a slightly smaller city with larger land parcels," Mr Moore said.

"Adelaide is quite a bit more affordable than Sydney and Melbourne, so if you want a detached house or an extra bedroom, it is far more achievable somewhere like Adelaide."

The Home Price Index showed regional South Australia was the only major market defying the widespread downturn in prices in August, hitting a new price peak after strong annual growth of 19.4%.

The historic mining town of Burra, on the edge of the Clare Valley, had the third highest annual growth nationally in median house prices, up 58.3% to $285,000.

Greater Adelaide highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Elizabeth South	Adelaide - North	56.8%	$290,000
House	Erindale	Adelaide - Central and Hills	55.9%	$1,715,000
House	Clarence Park	Adelaide - Central and Hills	52.9%	$1,185,000
House	Vale Park	Adelaide - Central and Hills	49.1%	$1,200,000
House	Marden	Adelaide - Central and Hills	48.4%	$920,000
House	Kensington Park	Adelaide - Central and Hills	48.4%	$1,647,000
House	Burnside	Adelaide - Central and Hills	48.3%	$1,370,000
House	Davoren Park	Adelaide - North	47.4%	$280,000
House	Croydon Park	Adelaide - West	46.5%	$710,500
House	Elizabeth Grove	Adelaide - North	45.5%	$320,000
Unit	Salisbury	Adelaide - North	34.4%	$291,750
Unit	Glenelg South	Adelaide - South	28.2%	$545,000
Unit	Seaton	Adelaide - West	27.0%	$420,000
Unit	Broadview	Adelaide - North	26.8%	$400,000
Unit	Henley Beach	Adelaide - West	26.7%	$507,500
Unit	Fullarton	Adelaide - Central and Hills	26.1%	$561,800
Unit	West Beach	Adelaide - West	25.2%	$393,250
Unit	North Adelaide	Adelaide - Central and Hills	22.9%	$522,500
Unit	Glenelg North	Adelaide - South	19.1%	$406,000
Unit	Paradise	Adelaide - Central and Hills	18.4%	$450,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional South Australia highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Burra	Barossa - Yorke - Mid North	58.3%	$285,000
House	Riverglades	South Australia – South-East	54.7%	$430,000
House	Mount Compass	South Australia – South-East	49.3%	$672,000
House	Risdon Park South	Barossa - Yorke - Mid North	48.6%	$267,500
House	Goolwa North	South Australia – South-East	43.2%	$615,000
House	Coffin Bay	South Australia - Outback	38.2%	$525,000
House	Goolwa South	South Australia – South-East	36.5%	$524,000
House	New Town	Barossa - Yorke - Mid North	33.1%	$356,000
House	Jamestown	Barossa - Yorke - Mid North	32.5%	$210,750
House	North Beach	Barossa - Yorke - Mid North	32.1%	$462,500
Unit	Mount Gambier	South Australia – South-East	10.0%	$225,500
Unit	Victor Harbor	South Australia – South-East	9.9%	$415,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Western Australia

Inner-city and middle-ring suburbs featured heavily in greater Perth's highest growth list, led by Mount Hawthorn's 32.6% annual increase that took its median house price to $1.28 million.

Other inner-ring suburbs on the list included North Perth, Mount Claremont and Wembley Downs. 

North Beach's median house price rose almost 32% to $1.38 million while Cottesloe, home to the popular Cottesloe Beach, recorded 25.5% growth to $3.056 million.

Perth home prices were flat in August, but prices rose by more than 8% over the past year.

Picture: realestate.com.au/buy

Mr Moore noted Perth did not have the same uplift in prices as other cities during the pandemic, partly because it recorded very steep rises during the mining investment boom in the early 2010s. 

"The fact that prices in Perth didn't run up as much through the pandemic means we're expecting we won't see as much of a pullback in Perth as in maybe some of the other capital cities," Mr Moore said.

"We're expecting prices will probably still be up over this year in Perth and maybe broadly flat next year.

"It now looks relatively more affordable compared to some of the other capital cities than it did pre-pandemic."

Greater Perth highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Mount Hawthorn	Perth - Inner	32.6%	$1,280,000
House	North Beach	Perth – North-West	31.7%	$1,382,500
House	North Perth	Perth - Inner	29.2%	$1,163,000
House	Gwelup	Perth – North-West	28.4%	$1,092,500
House	Silver Sands	Mandurah	25.7%	$525,000
House	Cottesloe	Perth - Inner	25.5%	$3,056,000
House	Mount Claremont	Perth - Inner	25.4%	$1,767,500
House	Wembley Downs	Perth – North-West	24.3%	$1,430,000
House	Chidlow	Perth – North-East	23.8%	$656,000
House	Edgewater	Perth – North-West	23.7%	$695,000
Unit	Kalamunda	Perth – South-East	42.3%	$580,000
Unit	Wannanup	Mandurah	30.0%	$725,000
Unit	North Fremantle	Perth – South-West	28.7%	$965,000
Unit	Dudley Park	Mandurah	22.6%	$315,000
Unit	East Cannington	Perth – South-East	20.2%	$336,000
Unit	Baldivis	Perth – South-West	17.5%	$319,000
Unit	Bicton	Perth – South-West	16.3%	$500,000
Unit	East Fremantle	Perth – South-West	16.1%	$540,000
Unit	Ellenbrook	Perth – North-East	15.4%	$300,000
Unit	Scarborough	Perth – North-West	15.3%	$550,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional Western Australia highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Rangeway	Western Australia - Outback (South)	56.4%	$172,000
House	Albany	Western Australia - Wheat Belt	48.9%	$850,000
House	Moora	Western Australia - Wheat Belt	37.8%	$155,000
House	Beachlands	Western Australia - Outback (South)	36.2%	$361,000
House	Wonthella	Western Australia - Outback (South)	33.6%	$320,000
House	Dongara	Western Australia - Outback (South)	33.1%	$442,000
House	Utakarra	Western Australia - Outback (South)	31.2%	$262,500
House	Vasse	Bunbury	30.4%	$600,000
House	Cowaramup	Bunbury	28.6%	$849,000
House	Busselton	Bunbury	27.8%	$620,000
Unit	Margaret River	Bunbury	38.8%	$465,000
Unit	Cable Beach	Western Australia - Outback (North)	37.3%	$363,750
Unit	Geraldton	Western Australia - Outback (South)	35.1%	$253,333
Unit	Broome	Western Australia - Outback (North)	31.0%	$380,000
Unit	Kalgoorlie	Western Australia - Outback (South)	26.2%	$252,500
Unit	South Hedland	Western Australia - Outback (North)	21.6%	$239,500
Unit	South Bunbury	Bunbury	18.9%	$327,000
Unit	Bunbury	Bunbury	10.3%	$361,250
Unit	West Busselton	Bunbury	7.0%	$397,500
Unit	Port Hedland	Western Australia - Outback (North)	2.0%	$343,138
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Australian Capital Territory

The suburb of Red Hill topped the price surges in Canberra, with its median house sale price jumping 54% to $2.625 million.

Throsby's median house price rose more than 48% to $1.077 million, while the rest of the top 10 all recorded strong annual growth of more than 30%.

Picture: realestate.com.au/buy

Mr Moore said Canberra recorded relatively brisk growth in home prices during the pandemic.

"Prices there have clearly slowed. Over the past year it's up 7%, which is still stronger than Sydney and Melbourne, but it's not keeping pace with Brisbane and Adelaide."

Home prices in the ACT have lost 2.8% from their peak in March.

Australian Capital Territory highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Red Hill	Australian Capital Territory	54.0%	$2,625,000
House	Throsby	Australian Capital Territory	48.4%	$1,077,500
House	Duffy	Australian Capital Territory	39.3%	$1,200,000
House	Scullin	Australian Capital Territory	38.3%	$920,000
House	Downer	Australian Capital Territory	37.2%	$1,355,000
House	Mawson	Australian Capital Territory	36.1%	$1,381,500
House	Watson	Australian Capital Territory	35.3%	$1,192,500
House	Florey	Australian Capital Territory	34.8%	$984,000
House	Weston	Australian Capital Territory	33.3%	$1,080,000
House	Fisher	Australian Capital Territory	32.3%	$1,075,000
Unit	O'Connor	Australian Capital Territory	40.6%	$620,000
Unit	Campbell	Australian Capital Territory	36.8%	$889,500
Unit	Ngunnawal	Australian Capital Territory	28.0%	$640,000
Unit	Lawson	Australian Capital Territory	27.8%	$650,000
Unit	Watson	Australian Capital Territory	27.4%	$535,000
Unit	Moncrieff	Australian Capital Territory	24.4%	$713,000
Unit	Casey	Australian Capital Territory	24.0%	$620,000
Unit	Chifley	Australian Capital Territory	23.4%	$426,250
Unit	Wright	Australian Capital Territory	21.1%	$540,000
Unit	Phillip	Australian Capital Territory	20.2%	$465,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Northern Territory

The waterside Darwin suburb of Nightcliff's 56.5% annual price growth ranked as one of the highest in Australia. Its median house price jumped to $1.029 million.

Picture: realestate.com.au/sold

Neighbouring suburb Rapid Creek and the northern suburb of Muirhead both recorded annual price growth above 30%.

"We're seeing brisk growth in some of these areas," Mr Moore said.

Home prices in Darwin are up 5% over the past year, similar to the level of growth nationally.

"Prices there are holding up a little bit better than in Sydney and Melbourne, at least over the last year, but are certainly not keeping pace with places like Adelaide and Brisbane."

Greater Darwin highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Nightcliff	Darwin	56.5%	$1,029,000
House	Rapid Creek	Darwin	31.3%	$886,000
House	Muirhead	Darwin	30.4%	$730,000
House	Wagaman	Darwin	25.8%	$582,000
House	Gray	Darwin	25.7%	$440,000
House	Alawa	Darwin	15.5%	$566,000
House	Lyons	Darwin	15.0%	$747,500
House	Fannie Bay	Darwin	14.3%	$1,000,000
House	Wulagi	Darwin	12.8%	$550,000
House	Woodroffe	Darwin	12.5%	$450,000
Unit	Bakewell	Darwin	49.9%	$333,500
Unit	Millner	Darwin	23.2%	$305,000
Unit	Rapid Creek	Darwin	23.1%	$400,000
Unit	Fannie Bay	Darwin	16.3%	$500,000
Unit	Parap	Darwin	14.9%	$402,000
Unit	Leanyer	Darwin	9.9%	$330,000
Unit	Rosebery	Darwin	8.6%	$380,000
Unit	Coconut Grove	Darwin	7.8%	$345,000
Unit	Nightcliff	Darwin	4.5%	$410,000
Unit	Bayview	Darwin	2.5%	$520,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

Regional Northern Territory highest price growth suburbs

Dwelling	Suburb	Region	Annual price growth	Suburb median price
House	Dundee Beach	Northern Territory - Outback	35.9%	$278,500
House	Araluen	Northern Territory - Outback	13.4%	$572,500
House	Braitling	Northern Territory - Outback	8.8%	$515,000
House	Katherine East	Northern Territory - Outback	8.2%	$362,500
House	Gillen	Northern Territory - Outback	7.8%	$485,000
House	East Side	Northern Territory - Outback	6.3%	$550,000
Source: PropTrack. Price growth is measured as annual growth in median sales price, comparing Sept 2021-Aug 2022 to Sept 2020-Aug 2021.

 

This article was originally published on realestate.com.au ‘The 270 suburbs where home prices have surged over the past year’