Australia’s top performing suburbs for 2019 for house & units
2019 will go down as the year when new records were set. For 2020, we’re likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however we expect the rapid rate of capital gains seen over the second half of 2019 to lose steam as stock levels rise and affordability deteriorates.
On what has been a strong rebound in housing market movements from 2018, Corelogic has released their annual report Best of the Best, for 2019. The Corelogic Best of the Best 2019 report provides an in depth review of housing values based on all data current to November 2019. The report covers a range of housing data metrics such as median values, 12-month change, 5-year change and rental rates and yields over time. The data provides house and unit values across a national level and capital city-suburb level.
Comments made by Corelogic’s Research Director, Tim Lawless in this year’s report, “2019 – The housing market moved through the largest and longest correction on record, followed by a fast-paced rebound in values through the second half of the year. Housing turnover fell to record lows in 2019, as did new advertised stock levels. Interest rates reduced to levels previously unseen, while the concentration of investors in the market also plumbed new depths.
Between the market peak in October 2017, and the trough in June 2019, the national index fell by 8.4%. The previous record decline in national housing values was an 8.1% drop through the early 1980’s as the economy moved through a recession and unemployment peaked slightly above 10%. Larger peak-to-trough falls were recorded in Sydney (-14.9%) and Melbourne (-11.1%), where housing conditions had previously been the strongest. Of course not all the capitals found a floor in housing values through the year, with data through to the end of November showing that Darwin values were still trending lower, down a cumulative 31.5%, while Perth values posted a rare rise in November, but remained 21.6% below the 2014 peak.”
This article provides a snapshot of some of the top 10 suburbs from the Best of the Best report.
Australia’s top performing suburbs in the housing market, 2019
CoreLogic’s 41-page report includes property data snapshots on:
Top 10 Performing Suburbs – Per capital city (House & Units)
- Highest Median Value
- Lowest Median Value
- Lowest Median Value within 10km of a Capital City
- Greatest 12-month Change in Median Values
- Greatest 5-year Change in Median Values
- Highest Gross Rental Yields
- Highest Gross Rental Yields within 10kms of a Capital City
- Highest Median Weekly Advertised Rents
- Lowest Median Weekly Advertised Rents
- Highest Total Value of Sales
- Learn more
Quick snapshot of top 10 suburb performers per capital city
Sydney’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Darling Point, Eastern Suburbs, NSW: $6,510,379 (10 houses sold in 2019)
– UNITS: Point Piper, Eastern Suburbs, NSW: $2,201,086 (13 houses sold in 2019)
Lowest Median Value
– HOUSES: San Remo, Central Coast, NSW: $427,510 (67 houses sold in 2019)
– UNITS: Vineyard, Baulkham Hills and Hawkesbury, NSW: $230,766 (12 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Carlingford, Parramatta, NSW: 15.4% (Median value: $1,485,663)
– UNITS: Tempe – St Peters, City and Inner South, NSW: 11.5% (Median value: $780,352)
Greatest 5-year Change in Median Values
– HOUSES: Dover Heights, Eastern Suburbs, NSW: 8.5% (Median value: $3,364,976)
– UNITS: Warriewood – Mona Vale, Northern Beaches, NSW: 7.3% (Median value: $1,039,322)
Highest Gross Rental Yields
– HOUSES: Warragamba, Outer West and Blue Mountains, NSW: 5.1% (Median rent: $400)
– UNITS: Wyong, Central Coast, NSW: 5.5% (Median rent: $340)
Highest Median Weekly Advertised Rents
– HOUSES: Bellevue Hill, Eastern Suburbs, NSW: $2,200 (Rental yield: 1.9%)
– UNITS: Millers Point, City and Inner South, NSW: $1,100 (Rental yield: 3.1%)
Lowest Median Weekly Advertised Rents
– HOUSES: Willmot, Blacktown, NSW: $320 (Rental yield: 3.8%)
– UNITS: Carramar, Parramatta, NSW: $310 (Rental yield: 5.1%)
See more of Sydney’s top performing suburbs
Melbourne’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Toorak, Inner, VIC: $4,694,283 (117 houses sold in 2019)
– UNITS: Brighton, Inner South, VIC: $1,053,339 (133 houses sold in 2019)
Lowest Median Value
– HOUSES: Melton, West, VIC: $383,748 (134 houses sold in 2019)
– UNITS: Bacchus Marsh, West, VIC: $314,685 (16 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: St Kilda, Inner, VIC: 19.6% (Median value: $1,584,805)
– UNITS: Sandringham – Black Rock, Inner South, VIC: 18.6% (Median value: $846,381)
Greatest 5-year Change in Median Values
– HOUSES: Ardeer – Albion, West, VIC: 9.0% (Median value: $642,184)
– UNITS: Carrum – Patterson Lakes, Inner South, VIC: 9.9% (Median value: $673,768)
Highest Gross Rental Yields
– HOUSES: Lancefield, North West, VIC: 4.7% (Median rent: $440)
– UNITS: Carlton, Inner, VIC: 7.1% (Median rent: $435)
Highest Median Weekly Advertised Rents
– HOUSES: Toorak, Inner, VIC: $1,200 (Rental yield: 1.9%)
– UNITS: Brighton East, Inner South, VIC: $628 (Rental yield: 3.7%)
Lowest Median Weekly Advertised Rents
– HOUSES: Melton, West, VIC: $320 (Rental yield: 4.6%)
– UNITS: Albion, West, VIC: $280 (Rental yield: 4.9%)
See more of Melbourne’s top performing suburbs
Brisbane’s Top 10 Suburbs 2019
Highest Median Value
– HOUSES: Teneriffe, Brisbane Inner City, QLD: $207,411 (116 houses sold in 2019)
– UNITS: Teneriffe, Brisbane Inner City, QLD: $607,379 (147 houses sold in 2019)
Lowest Median Value
– HOUSES: Russell Island, East, QLD: $1,712,100 (16 houses sold in 2019)
– UNITS: Kooralbyn, Logan – Beaudesert, QLD: $97,919 (12 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Hawthorne, Brisbane Inner City, QLD: 6.0% (Median value: $1,584,805)
– UNITS: Mitchelton, West, QLD: 11.8% (Median value: $408,745)
Greatest 5-year Change in Median Values
– HOUSES: Hawthorne, Brisbane Inner City, QLD: 5.1% (Median value: $1,337,796)
– UNITS: Wynnum West – Hemmant East, QLD: 3.4% (Median value: $360,716)
Highest Gross Rental Yields
– HOUSES: Kilcoy, Moreton Bay – North, QLD: 6.8% (Median rent: $350)
– UNITS: Edens, Landing Logan – Beaudesert, QLD: 8.1% (Median rent: $295)
Highest Median Weekly Advertised Rents
– HOUSES: Ascot, Brisbane Inner City, QLD: $900 (Rental yield: 2.7%)
– UNITS: Teneriffe, Brisbane Inner City, QLD: $519 (Rental yield: 4.5%)
Lowest Median Weekly Advertised Rents
– HOUSES: Lamb Island, East, QLD: $245 (Rental yield: 6.5%)
– UNITS: Sandgate, North, QLD: $260 (Rental yield: 4.8%)
See more of Brisbane’s top performing suburbs
Adelaide’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Unley Park, Central and Hills, SA: 1,395,975 (17 houses sold in 2019)
– UNITS: North Adelaide, Central and Hills, SA: $475,059 (74 houses sold in 2019)
Lowest Median Value
– HOUSES: Elizabeth North, North, SA: $176,542 (67 houses sold in 2019)
– UNITS: Salisbury, North, SA: $172,401 (31 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Adelaide Hills, Central and Hills, SA: 8.0% (Median value: $586,179)
– UNITS: Brighton, South, SA: 10.0% (Median value: $372,658)
Greatest 5-year Change in Median Values
– HOUSES: Prospect, Central and Hills, SA: 4.4% (Median value: $729,067)
– UNITS: North Haven, West, SA: 3.7% (Median value: $319,000)
Highest Gross Rental Yields
– HOUSES: Elizabeth North, North, SA: 8.0% (Median rent: $255)
– UNITS: Salisbury, North, SA: 7.3% (Median rent: $240)
Highest Median Weekly Advertised Rents
– HOUSES: Glen Osmond, Central and Hills, SA: $663 (Rental yield: 3.3%)
– UNITS: Kent Town, Central and Hills, SA: $450 (Rental yield: 4.5%)
Lowest Median Weekly Advertised Rents
– HOUSES: Elizabeth South, North, SA: $240 (Rental yield: 7.1%)
– UNITS: Salisbury, North, SA: $240 (Rental yield: 7.3%)
See more of Adelaide’s top performing suburbs
Perth’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Dalkeith, Inner, WA: $2,484,135 (45 houses sold in 2019)
– UNITS: Cottesloe, Inner, WA: $747,405 (39 houses sold in 2019)
Lowest Median Value
– HOUSES: Medina, South West, WA: $212,236 (40 houses sold in 2019)
– UNITS: Armadale, South East, WA: $174,947 (42 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Hazelmere – Guildford, North East, WA: 1.5% (Median value: $503,196)
– UNITS: Morley, North East, WA: 1.0% (Median value: $302,478)
Greatest 5-year Change in Median Values
– HOUSES: Nedlands – Dalkeith – Crawley, Inner, WA: -0.4% (Median value: $1,607,239)
– UNITS: Sorrento – Marmion, North West, WA: -3.4% (Median value: $380,059)
Highest Gross Rental Yields
– HOUSES: Medina, South West, WA: 6.7% (Median rent: $270)
– UNITS: Armadale, South East, WA: 6.9% (Median rent: $250)
Highest Median Weekly Advertised Rents
– HOUSES: Cottesloe, Inner, WA: $963 (Rental yield: %2.4)
– UNITS: North Fremantle, South West, WA: $252 (Rental yield: %4.0)
Lowest Median Weekly Advertised Rents
– HOUSES: Armadale, South Eas, WA: $260 (Rental yield: %6.4)
– UNITS: Shoalwater, South West, WA: $220 (Rental yield: %5.3)
See more of Perth’s top performing suburbs
Hobart’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Battery Point, Hobart, TAS: $1,090,564 (18 houses sold in 2019)
– UNITS: Battery Point, Hobart, TAS: $637,735 (51 houses sold in 2019)
Lowest Median Value
– HOUSES: Gagebrook Hobart, TAS: $241,660 (17 houses sold in 2019)
– UNITS: Brighton, Hobart, TAS: $250,526 (26 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Risdon Vale, Hobart, TAS: 10.9% (Median value: $287,669)
– UNITS: Moonah, Hobart, TAS: 10.1% (Median value: $331,791)
Greatest 5-year Change in Median Values
– HOUSES: Risdon Vale, Brighton, TAS: 10.6% (Median value: $287,669)
– UNITS: Montrose – Rosetta, Hobart, TAS: 9.9% (Median value: $306,902)
Highest Gross Rental Yields
– HOUSES: Gagebrook, Hobart, TAS: 8.7% (Median rent: $330)
– UNITS: Brighton, Hobart, TAS: 6.9% (Median rent: $350)
Highest Median Weekly Advertised Rents
– HOUSES: Battery Point, Hobart, TAS: $650 (Rental yield: 3.3%)
– UNITS: Battery Point, Hobart, TAS: $510 (Rental yield: 4.7%)
Lowest Median Weekly Advertised Rents
– HOUSES: Gagebrook, Hobart, TAS: $330 (Rental yield: 8.7%)
– UNITS: Claremont, Hobart, TAS: $320 (Rental yield: 6.9%)
See more of Hobart’s top performing suburbs
Darwin’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Fannie Bay, Darwin, NT: $717,334 (14 houses sold in 2019)
– UNITS: Woolner, Darwin, NT: $388,701 (10 houses sold in 2019)
Lowest Median Value
– HOUSES: Zuccoli, Darwin, NT: $325,038 (42 houses sold in 2019)
– UNITS: Karama, Darwin, NT: $213,013 (10 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Palmerston – South, Darwin, NT: 5.7% (Median value: $460,095)
– UNITS: Rapid Creek, Darwin, NT: 1.0% (Median value: $295,682)
Greatest 5-year Change in Median Values
– HOUSES: Palmerston – South, Darwin, NT: 2.1% (Median value: $460,095)
– UNITS: Rapid Creek, Darwin, NT: -6.6% (Median value: $295,682)
Highest Gross Rental Yields
– HOUSES: Zuccoli, Darwin, NT: 8.6% (Median rent: $540)
– UNITS: Karama, Darwin, NT: 8.1% (Median rent: $310)
Highest Median Weekly Advertised Rents
– HOUSES: Bayview, Darwin, NT: $750 (Rental yield: 5.3%)
– UNITS: Bayview, Darwin, NT: $490 (Rental yield: 6.8%)
Lowest Median Weekly Advertised Rents
– HOUSES: Moulden, Darwin, NT: $365 (Rental yield: 7.1%)
– UNITS: Karama, Darwin, NT: $310 (Rental yield: 8.1%)
See more of Darwin’s top performing suburbs
Canberra’s Top 10 Suburbs for 2019
Highest Median Value
– HOUSES: Forrest, ACT: $2,409,992 (14 houses sold in 2019)
– UNITS: Forrest, ACT, ACT: $726,423 (24 houses sold in 2019)
Lowest Median Value
– HOUSES: Charnwood, ACT: $468,487 (49 houses sold in 2019)
– UNITS: Curtin, ACT: $263,797 (15 houses sold in 2019)
Greatest 12-month Change in Median Values
– HOUSES: Melba, ACT: 17.1% (Median value: $620,471)
– UNITS: Kambah, ACT: 5.0% (Median value: $417,268)
Greatest 5-year Change in Median Values
– HOUSES: Moncrieff, ACT: 8.6% (Median value: $703,685)
– UNITS: Wright, ACT: 5.8% (Median value: $400,154)
Highest Gross Rental Yields
– HOUSES: Taylor, ACT: 6.9% (Median rent: $690)
– UNITS: Curtin, ACT: 7.6% (Median rent: $380)
Highest Median Weekly Advertised Rents
– HOUSES: Yarralumla, ACT: $900 (Rental yield: 3.1%)
– UNITS: Yarralumla, ACT: $625 (Rental yield: 4.4%)
Lowest Median Weekly Advertised Rents
– HOUSES: Banks, ACT: $480 (Rental yield: 5.2%)
– UNITS: Hackett, ACT: $340 (Rental yield: 5.5%)
See more of Canberra’s top performing suburbs
To compare this year’s top 10 suburb performers to last year’s – read our blog with links to the full CoreLogic report: Australia’s top performing suburbs across each capital city for 2018.
Data and recency behind the report
The Best of the Best 2019 highlights the top 10 suburbs (house & unit) nationally & across each of the capital cities based on the below criteria:
- All data highlighted is current to November 2018: Total value of sales to September 2019.
- Median value data: Based on the middle value of all automated valuations across the suburb.
- 12-month change: The percentage difference between the median AVM value in the same period compared 12 months ago.
- 5-year change: The percentage difference between the median AVM value in the same period compared 5 years ago.
- Rental rates: Quotes are based on the median across all rental advertisements over the 12 months to November 2019.
- Gross rental yields: Calculated across those properties advertised for rent. The annualised rental listing is divided by the valuation estimate to derive a gross yield for individual properties. The displayed gross yield is the median across the region over the period.
- Total Value of Sales data: The total value of all property transactions recorded over the 12 months to September 2019. Included in the analysis are only those suburbs that had at least 200 dwellings, 20 rental observations, 20 sales with a minimum of 100 AVM observations.
Note: Included in the analysis are only those suburbs that had at least 200 dwellings, 20 rental observations, 20 sales with a minimum of 100 AVM observations.
To read the overview and download the full report, click here.
Source:
– Best of the Best 2019, Corelogic, Tim Lawless, 22 December 2019. Read article
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