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Australia’s top performing suburbs for 2022 for house & units

So, where were Australia’s top performers in residential real estate over 2022?

CoreLogic’s annual Best of the Best 2022 report is the most comprehensive overview of top performing residential markets and provides suburb-level insights across a variety of measures to reveal Australia’s strongest performers over the year.

2022 was a tumultuous year for Australia’s housing market. Following outstanding capital growth over 2021 and into early 2022, successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in the performance of residential real estate.

In 2022, the Australian property market underwent a shift in market conditions. While last year’s Best of the Best celebrated some of the strongest annual sales turnover and value growth on record, this year’s report examines some of the most resilient markets as we move through one of Australia’s fastest interest rate tightening cycles in history.

Over the year to November, national housing values fell -3.2%, driven by an annual decline in capital city dwelling values of -5.2%, while regional dwelling values rose by 3.3% over the same period.

The driving force for weaker value growth in 2022 was rising interest rates. Several other factors contributed to weaker housing market performance over the year, including worsening housing affordability from the perspective of mortgage serviceability and rents, and lower consumer sentiment. Persistently high inflation put additional pressure on household balance sheets, making it harder for first-time home buyers to save a deposit.

Since the first interest rate rise, national dwelling values have fallen by -7.0%, overtaking the 2008-09 downturn as the steepest national decline on record. This is the equivalent of a fall in the median dwelling value of approximately $53,500, to $714,475. While this has helped shift negotiating power back to the buyer and may have helped some first-home buyers get over the deposit hurdle, the significant rise in interest rates has seen the conversation around affordability shift from accessibility towards serviceability.

The Best of the Best 2022 highlights the top performing houses and units across Australia based on the following criteria:

  • Highest Sales Across the Nation
  • Highest Total Value of Sales
  • Top 10 Highest and Lowest Median Value
  • Top 10 Highest 12-month Change in Values
  • Top 10 Highest 12-month Change in Rents
  • Top 10 Highest Rental Yields

All data highlighted is current as at the 30 November 2022, with the exception of Total Value of Sales data which reflect sales that occurred over the 12 months to 30 September 2022. Learn more.

 

Australia’s top performers in the housing market, 2022

 

Australia’s Top 10 Suburbs
Capital City • HOUSES

Most expensive suburbs

  1. Vaucluse, Greater Sydney • Median value: $7,943,965 • No. sold: 76
  2. Bellevue Hill, Greater Sydney • Median value: $6,882,484 • No. sold: 64
  3. Rose Bay, Greater Sydney • Median value: $5,660,910 • No. sold: 58
  4. Dover Heights, Greater Sydney • Median value: $5,087,211 • No. sold: 48
  5. Toorak, Greater Melbourne • Median value: $4,955,630 • No. sold: 138
  6. Double Bay, Greater Sydney • Median value: $4,944,346 • No. sold: 21
  7. Cremorne Point, Greater Sydney • 14 Median value: $4,943,682 • No. sold: 14
  8. Mosman, Greater Sydney • Median value: $4,870,563 • No. sold: 236
  9. Bronte, Greater Sydney • Median value: $4,667,862 • No. sold: 59
  10. Longueville, Greater Sydney • 20 Median value: $4,459,558 • No. sold: 20

 

Most affordable suburbs

  1. Elizabeth North, Greater Adelaide • Median value: $291,526 • No. sold: 142
  2. Kwinana Town Centre, Greater Perth • Median value: $300,252 • No. sold: 20
  3. Elizabeth Downs, Greater Adelaide • Median value: $305,336 • No. sold: 173
  4. Armadale, Greater Perth • Median value: $315,636 • No. sold: 428
  5. Elizabeth South, Greater Adelaide • Median value: $324,761 • No. sold: 61
  6. Smithfield, Greater Adelaide • Median value: $330,985 • No. sold: 59
  7. Medina, Greater Perth • Median value: $331,095 • No. sold: 104
  8. Camillo, Greater Perth • Median value: $334,975 • No. sold: 125
  9. Davoren Park, Greater Adelaide • Median value: $336,186 • No. sold: 194
  10. Calista, Greater Perth • Median value: $338,932 • No. sold: 52

 

Strongest 12 month growth in values

  1. Davoren Park, Greater Adelaide • Annual change: 34.7% • Median value: $336,186
  2. Elizabeth Grove, Greater Adelaide • Annual change: 33.3% • Median value: $342,850
  3. Elizabeth South, Greater Adelaide • Annual change: 33.0% • Median value: $324,761
  4. Elizabeth, Greater Adelaide • Annual change: 33.0% • Median value: $346,643
  5. Elizabeth Vale, Greater Adelaide • Annual change: 29.6% • Median value: $394,478
  6. Para Hills, Greater Adelaide • Annual change: 27.5% • Median value: $548,926
  7. Penfield, Greater Adelaide • Annual change: 27.0% • Median value: $507,871
  8. Smithfield Plains, Greater Adelaide • Annual change: 26.5% • Median value: $350,186
  9. Hackham West, Greater Adelaide • Annual change: 25.6% • Median value: $449,994
  10. Elizabeth Park, Greater Adelaide • Annual change: 25.6% • Median value: $369,533

 

Strongest 12 month decline in values

  1. Narrabeen, Greater Sydney • Annual change: -26.8% • Median value: $2,592,772
  2. Surry Hills, Greater Sydney • Annual change: -25.4% • Median value: $1,789,868
  3. Redfern, Greater Sydney • Annual change: -25.3% • Median value: $1,612,519
  4. Birchgrove, Greater Sydney • Annual change: -24.4% • Median value: $2,643,555
  5. Rosebery, Greater Sydney • Annual change: -23.6% • Median value: $1,853,386
  6. Camperdown, Greater Sydney • Annual change: -22.9% • Median value: $1,585,315
  7. Waverley, Greater Sydney • Annual change: -22.7% • Median value: $3,153,262
  8. Newtown, Greater Sydney • Annual change: -22.6% • Median value: $1,548,025
  9. Darlington, Greater Sydney • Annual change: -22.5% • Median value: $1,538,814
  10. Chippendale, Greater Sydney • Annual change: -22.5% • Median value: $1,511,532

 

Strongest 12 month growth in rents

  1. Clovelly, Greater Sydney • Annual change: 25.1% • Median rental value: $1,814
  2. Woodend, Greater Brisbane • Annual change: 23.5% • Median rental value: $512
  3. Kairabah, Greater Brisbane • Annual change: 23.4% • Median rental value: $557
  4. Ipswich, Greater Brisbane • Annual change: 23.1% • Median rental value: $498
  5. Sadliers Crossing, Greater Brisbane • Annual change: 23.1% • Median rental value: $513
  6. Banksia, Greater Sydney • Annual change: 22.8% • Median rental value: $818
  7. Fernvale, Greater Brisbane • Annual change: 22.7% • Median rental value: $513
  8. Brighton-le Sands, Greater Sydney • Annual change: 22.5% • Median rental value: $883
  9. Loftus, Greater Sydney • Annual change: 22.1% • Median rental value: $905
  10. Bridgewater, Greater Adelaide • Annual change: 22.1% • Median rental value: $620

 

Highest gross rental yields

  1. Camillo, Greater Perth • Rental yield: 7.1% • Median rental value: $429
  2. Armadale, Greater Perth • Rental yield: 6.9% • Median rental value: $406
  3. Zuccoli, Greater Darwin • Rental yield: 6.9% • Median rental value: $683
  4. Brookdale, Greater Perth • Rental yield: 6.9% • Median rental value: $460
  5. Moulden, Greater Darwin • Rental yield: 6.9% • Median rental value: $523
  6. Medina, Greater Perth • Rental yield: 6.8% • Median rental value: $425
  7. Orelia, Greater Perth • Rental yield: 6.8% • Median rental value: $442
  8. Elizabeth North ,Greater Adelaide • Rental yield: 6.8% • Median rental value: $375
  9. Calista, Greater Perth • Rental yield: 6.7% • Median rental value: $427
  10. Elizabeth Downs, Greater Adelaide • Rental yield: 6.7% • Median rental value: $391

 

Australia’s Top 10 Suburbs
Regional Suburbs • HOUSES

Most expensive suburbs

  1. Ewingsdale, Rest of NSW • Median value: $2,972,218 • No. sold: 18
  2. Burradoo, Rest of NSW • Median value: $2,353,875 • No. sold: 72
  3. Byron Bay, Rest of NSW • Median value: $2,307,592 • No. sold: 63
  4. Sunshine Beach, Rest of Qld • Median value: $2,198,404 • No. sold: 56
  5. Gerroa, Rest of NSW • Median value: $2,123,783 • No. sold: 19
  6. Myocum, Rest of NSW • Median value: $2,093,346 • No. sold: 22
  7. Casuarina, Rest of NSW • Median value: $2,068,127 • No. sold: 63
  8. Noosa Heads, Rest of Qld • Median value: $2,039,034 • No. sold: 116
  9. Austinmer, Rest of NSW • Median value: $1,998,393 • No. sold: 22
  10. Sunrise Beach, Rest of Qld • Median value: $1,990,083 • No. sold: 58

 

Most affordable suburbs

  1. Kambalda East, Rest of WA • Median value: $118,525 • No. sold: 34
  2. Peterborough, Rest of SA • Median value: $130,627 • No. sold: 56
  3. Kimba, Rest of SA • Median value: $133,975 • No. sold: 27
  4. Kellerberrin, Rest of WA • Median value: $137,568 • No. sold: 19
  5. Tara, Rest of Qld • Median value: $146,122 • No. sold: 85
  6. Scottville, Rest of Qld • Median value: $147,000 • No. sold: 18
  7. Kambalda West, Rest of WA • Median value: $152,136 • No. sold: 79
  8. Collinsville, Rest of Qld • Median value: $154,032 • No. sold: 72
  9. Blackwater, Rest of Qld • Median value: $154,779 • No. sold: 150
  10. Moura, Rest of Qld • Median value: $156,875 • No. sold: 74

 

Strongest 12 month growth in values

  1. Bingara, Rest of NSW • Annual change: 36.2% • Median value: $279,257
  2. Cleve, Rest of SA • Annual change: 35.3% • Median value: $212,602
  3. Solomontown, Rest of SA • Annual change: 34.9% • Median value: $188,924
  4. Streaky Bay, Rest of SA • Annual change: 34.7% • Median value: $351,181
  5. Gobbagombalin, Rest of NSW • Annual change: 33.5% • Median value: $766,285
  6. Gin Gin, Rest of Qld • Annual change: 33.5% • Median value: $286,518
  7. Lockhart, Rest of NSW • Annual change: 33.3% • Median value: $286,752
  8. Risdon Park, Rest of SA • Annual change: 33.3% • Median value: $225,911
  9. Port Pirie South, Rest of SA • Annual change: 32.9% • Median value: $229,212
  10. Risdon Park South, Rest of SA • Annual change: 32.4% • Median value: $252,209

 

Strongest 12 month decline in values

  1. Byron Bay, Rest of NSW • Annual change: -20.5% • Median value: $2,307,592
  2. Suffolk Park, Rest of NSW • Annual change: -18.5% • Median value: $1,958,514
  3. Lismore Heights, Rest of NSW • Annual change: -18.4% • Median value: $461,989
  4. Mullumbimby, Rest of NSW • Annual change: -18.2% • Median value: $1,087,041
  5. Bangalow, Rest of NSW • Annual change: -16.6% • Median value: $1,516,350
  6. Cumbalum, Rest of NSW • Annual change: -15.8% • Median value: $1,073,665
  7. Ocean Shores, Rest of NSW • Annual change: -15.7% • Median value: $1,242,556
  8. Lismore, Rest of NSW • Annual change: -15.3% • Median value: $436,765
  9. Lennox Head, Rest of NSW • Annual change: -14.7% • Median value: $1,499,075
  10. South Lismore, Rest of NSW • Annual change: -14.1% • Median value: $395,664

 

Strongest 12 month growth in rents

  1. Port Pirie West, Rest of SA • Annual change: 23.5% • Median rental value: $330
  2. Risdon Park, Rest of SA • Annual change: 21.8% • Median rental value: $346
  3. Solomontown, Rest of SA • Annual change: 21.1% • Median rental value: $330
  4. Kandos, Rest of NSW • Annual change: 21.1% • Median rental value: $359
  5. Port Pirie South, Rest of SA • Annual change: 20.6% • Median rental value: $347
  6. Pegs Creek, Rest of WA • Annual change: 20.5% • Median rental value: $802
  7. Bulgarra, Rest of WA • Annual change: 19.3% • Median rental value: $775
  8. Maudsland, Rest of Qld • Annual change: 19.3% • Median rental value: $852
  9. Bargara, Rest of Qld • Annual change: 19.1% • Median rental value: $571
  10. Nickol, Rest of WA • Annual change: 19.1% • Median rental value: $966

 

Highest gross rental yields

  1. Kambalda East, Rest of WA • Rental yield: 15.9% • Median rental value: $369
  2. Kambalda West, Rest of WA • Rental yield: 13.9% • Median rental value: $401
  3. Newman, Rest of WA • Rental yield: 12.8% • Median rental value: $668
  4. South Hedland, Rest of WA • Rental yield: 11.7% • Median rental value: $781
  5. Blackwater, Rest of Qld • Rental yield: 11.3% • Median rental value: $354
  6. Boulder, Rest of WA • Rental yield: 11.1% • Median rental value: $514
  7. Collinsville, Rest of Qld • Rental yield: 11.0% • Median rental value: $330
  8. Mount Morgan, Rest of Qld • Rental yield: 10.3% • Median rental value: $306
  9. Merredin, Rest of WA • Rental yield: 10.1% • Median rental value: $314
  10. Depot Hill, Rest of Qld • Rental yield: 9.8% • Median rental value: $372

Australia’s Top 10 Suburbs
Capital City • UNTIS

Most expensive suburbs

  1. Point Piper, Greater Sydney • Median value: $2,895,563 • No. sold: 20
  2. Darling Point, Greater Sydney • Median value: $2,371,718 • No. sold: 81
  3. Millers Point, Greater Sydney • Median value: $2,111,672 • No. sold: 21
  4. Milsons Point, Greater Sydney • Median value: $1,965,147 • No. sold: 83
  5. Kirribilli, Greater Sydney • Median value: $1,671,496 • No. sold: 99
  6. The Rocks, Greater Sydney • Median value: $1,646,246 • No. sold: 16
  7. Manly, Greater Sydney • Median value: $1,636,040 • No. sold: 305
  8. Cremorne Point, Greater Sydney • Median value: $1,627,245 • No. sold: 61
  9. Double Bay, Greater Sydney • Median value: $1,619,824 • No. sold: 84
  10. Caringbah South, Greater Sydney • Median value: $1,572,144 • No. sold: 64

 

Most affordable suburbs

  1. Orelia, Greater Perth • Median value: $183,522 • No. sold: 43
  2. Kooralbyn, Greater Brisbane • Median value: $202,039 • No. sold: 49
  3. Goodna, Greater Brisbane • Median value: $233,344 • No. sold: 26
  4. Logan, Central Greater Brisbane • Median value: $235,668 • No. sold: 39
  5. Woodridge, Greater Brisbane • Median value: $240,284 • No. sold: 147
  6. Shoalwater, Greater Perth • Median value: $243,797 • No. sold: 47
  7. Cooloongup, Greater Perth • Median value: $251,434 • No. sold: 17
  8. Armadale, Greater Perth • Median value: $260,297 • No. sold: 79
  9. Kelmscott, Greater Perth • Median value: $262,729 • No. sold: 30
  10. Beenleigh, Greater Brisbane • Median value: $263,331 • No. sold: 114

 

Strongest 12 month growth in values

  1. Seacliff Park, Greater Adelaide • Annual change: 41.4% • Median value: $484,282
  2. Paradise, Greater Adelaide • Annual change: 35.7% • Median value: $459,228
  3. North Plympton, Greater Adelaide • Annual change: 35.2% • Median value: $511,687
  4. West Beach, Greater Adelaide • Annual change: 32.0% • Median value: $454,879
  5. Salisbury North, Greater Adelaide • Annual change: 31.2% • Median value: $335,019
  6. Plympton, Greater Adelaide • Annual change: 30.2% • Median value: $391,709
  7. Kurralta Park, Greater Adelaide • Annual change: 29.4% • Median value: $387,659
  8. Campbelltown, Greater Adelaide • Annual change: 29.3% • Median value: $436,871
  9. Munno Para, Greater Adelaide • Annual change: 29.1% • Median value: $347,592
  10. Camden Park, Greater Adelaide • Annual change: 28.4% • Median value: $402,631

 

Strongest 12 month decline in values

  1. Centennial Park, Greater Sydney • Annual change: -23.1% • Median value: $842,900
  2. Mona Vale, Greater Sydney • Annual change: -20.8% • Median value: $1,165,472
  3. Vaucluse, Greater Sydney • Annual change: -19.7% • Median value: $1,214,579
  4. Bronte, Greater Sydney • Annual change: -19.1% • Median value: $1,351,763
  5. Fairlight, Greater Sydney • Annual change: -19.1% • Median value: $1,442,655
  6. Rose Bay, Greater Sydney • Annual change: -19.0% • Median value: $1,407,214
  7. Wollstonecraft,Greater Sydney • Annual change: -18.9% • Median value: $1,096,321
  8. Waverley, Greater Sydney • Annual change: -18.8% • Median value: $1,113,511
  9. Newport, Greater Sydney • Annual change: -18.6% • Median value: $1,130,038
  10. Bondi, Greater Sydney • Annual change: -18.1% • Median value: $1,272,175

 

Strongest 12 month growth in rents

  1. Melbourne, Greater Melbourne • Annual change: 38.2% • Median rental value: $573
  2. West Melbourne, Greater Melbourne • Annual change: 37.8% • Median rental value: $565
  3. Docklands, Greater Melbourne • Annual change: 33.7% • Median rental value: $633
  4. Southbank, Greater Melbourne • Annual change: 33.0% • Median rental value: $608
  5. Carlton, Greater Melbourne • Annual change: 31.1% • Median rental value: $484
  6. Haymarket, Greater Sydney • Annual change: 29.8% • Median rental value: $943
  7. Zetland, Greater Sydney • Annual change: 27.4% • Median rental value: $851
  8. Ultimo, Greater Sydney • Annual change: 27.1% • Median rental value: $768
  9. Chippendale, Greater Sydney • Annual change: 25.8% • Median rental value: $756
  10. Rosebery, Greater Sydney • Annual change: 25.4% • Median rental value: $812

 

Highest gross rental yields

  1. Orelia, Greater Perth • Rental yield: 9.7% • Median rental value: $317
  2. Goodna, Greater Brisbane • Rental yield: 8.5% • Median rental value: $379
  3. Armadale, Greater Perth • Rental yield: 8.1% • Median rental value: $383
  4. Bakewell, Greater Darwin • Rental yield: 8.1% • Median rental value: $444
  5. Millner, Greater Darwin • Rental yield: 7.7% • Median rental value: $471
  6. Coconut Grove, Greater Darwin • Rental yield: 7.5% • Median rental value: $473
  7. Girrawheen, Greater Perth • Rental yield: 7.5% • Median rental value: $422
  8. Currambine, Greater Perth • Rental yield: 7.4% • Median rental value: $460
  9. Kelmscott, Greater Perth • Rental yield: 7.4% • Median rental value: $361
  10. Darwin City, Greater Darwin • Rental yield: 7.4% • Median rental value: $599

 

Australia’s Top 10 Suburbs
Regional Suburbs • UNITS

Most expensive suburbs

  1. Noosa Heads, Rest of Qld • Median value: $1,409,790 • No. sold: 177
  2. Byron Bay, Rest of NSW • Median value: $1,383,184 • No. sold: 84
  3. Main Beach, Rest of Qld • Median value: $1,229,545 • No. sold: 287
  4. Sunshine Beach, Rest of Qld • Median value: $1,200,496 • No. sold: 46
  5. Suffolk Park, Rest of NSW • Median value: $1,197,858 • No. sold: 20
  6. Thirroul, Rest of NSW • Median value: $1,170,141 • No. sold: 32
  7. Hollywell, Rest of Qld • Median value: $1,148,087 • No. sold: 39
  8. Lennox Head, Rest of NSW • Median value: $1,058,443 • No. sold: 71
  9. Sunrise Beach, Rest of Qld • Median value: $1,049,759 • No. sold: 23
  10. Twin Waters, Rest of Qld • Median value: $1,016,378 • No. sold: 26

 

Most affordable suburbs

  1. Laguna Quays, Rest of Qld • Median value: $72,076 • No. sold: 30
  2. Dolphin Heads, Rest of Qld • Median value: $113,697 • No. sold: 23
  3. Withers, Rest of WA • Median value: $131,547 • No. sold: 21
  4. New Auckland, Rest of Qld • Median value: $160,404 • No. sold: 22
  5. South Gladstone, Rest of Qld • Median value: $170,774 • No. sold: 33
  6. West Gladstone, Rest of Qld • Median value: $174,535 • No. sold: 36
  7. Ayr, Rest of Qld • Median value: $183,086 • No. sold: 43
  8. Emerald, Rest of Qld • Median value: $190,054 • No. sold: 76
  9. Woree, Rest of Qld • Median value: $191,490 • No. sold: 104
  10. Edmonton, Rest of Qld • Median value: $192,960 • No. sold: 41

 

Strongest 12 month growth in values

  1. Laguna Quays, Rest of Qld • Annual change: 30.9% • Median value: $72,076
  2. Rainbow Beach, Rest of Qld • Annual change: 29.1% • Median value: $560,486
  3. Port Douglas, Rest of Qld • Annual change: 29.0% • Median value: $433,189
  4. Newtown, Rest of Qld • Annual change: 24.8% • Median value: $321,926
  5. Shepparton, Rest of Vic. • Annual change: 24.5% • Median value: $327,627
  6. Kalgoorlie, Rest of WA • Annual change: 24.1% • Median value: $208,202
  7. Nelly, Bay Rest of Qld • Annual change: 23.6% • Median value: $313,551
  8. Pialba, Rest of Qld • Annual change: 23.6% • Median value: $395,766
  9. Kooringal, Rest of NSW • Annual change: 23.2% • Median value: $320,291
  10. Wagga Wagga, Rest of NSW • Annual change: 20.7% • Median value: $329,388

 

Strongest 12 month decline in values

  1. Ballina, Rest of NSW • Annual change: -14.4% • Median value: $595,447
  2. Goulburn, Rest of NSW • Annual change: -11.8% • Median value: $367,067
  3. Townsville City, Rest of Qld • Annual change: -11.8% • Median value: $370,547
  4. Pimlico, Rest of Qld • Annual change: -10.4% • Median value: $219,341
  5. East Ballina, Rest of NSW • Annual change: -9.5% • Median value: $747,541
  6. Launceston, Rest of Tas. • Annual change: -9.4% • Median value: $503,301
  7. Geelong, Rest of Vic. • Annual change: -8.1% • Median value: $635,407
  8. Hermit Park, Rest of Qld • Annual change: -7.9% • Median value: $202,169
  9. Cranbrook, Rest of Qld • Annual change: -7.9% • Median value: $203,307
  10. Newtown, Rest of Vic. • Annual change: -7.9% • Median value: $603,263

 

Strongest 12 month growth in rents

  1. Bomaderry, Rest of NSW • Annual change: 29.5% • Median rental value:$441
  2. Piccadilly, Rest of WA • Annual change: 23.8% • Median rental value:$442
  3. Merrimac, Rest of Qld • Annual change: 23.6% • Median rental value:$665
  4. Broadbeach Waters, Rest of Qld • Annual change: 22.2% • Median rental value:$776
  5. Main Beach, Rest of Qld • Annual change: 21.4% • Median rental value:$800
  6. Bundall, Rest of Qld • Annual change: 20.5% • Median rental value:$644
  7. Sippy Downs, Rest of Qld • Annual change: 20.2% • Median rental value:$513
  8. Miami Rest, of Qld • Annual change: 20.0% • Median rental value:$780
  9. Mermaid Beach, Rest of Qld • Annual change: 19.8% • Median rental value:$750
  10. Broadbeach, Rest of Qld • Annual change: 19.7% • Median rental value:$754

 

Highest gross rental yields

  1. Kalgoorlie, Rest of WA • Rental yield: 11.8% • Median rental value: $473
  2. Piccadilly, Rest of WA • Rental yield: 10.9% • Median rental value: $442
  3. Somerville, Rest of WA • Rental yield: 10.4% • Median rental value: $506
  4. Emerald, Rest of Qld • Rental yield: 9.0% • Median rental value: $323
  5. Manoora, Rest of Qld • Rental yield: 8.9% • Median rental value: $373
  6. Manunda, Rest of Qld • Rental yield: 8.9% • Median rental value: $362
  7. Hermit Park, Rest of Qld • Rental yield: 8.9% • Median rental value: $327
  8. Woree, Rest of Qld • Rental yield: 8.8% • Median rental value: $363
  9. Narooma, Rest of NSW • Rental yield: 8.7% • Median rental value: $884
  10. Rosslea, Rest of Qld • Rental yield: 8.6% • Median rental value: $337

Top 10 suburbs • Strongest 12 month growth & decline in values across State’s

Based on the Best of the Best 2022 report, we reveal the each states greater city and regional top 10 suburbs based on the strongest 12 month growth in values and the top 10 suburbs with the strongest 12 month decline in values for both Houses and Units. The full report uncovers additional rankings such as most expensive suburbs, most affordable suburbs, strongest 12 month growth in rents, highest gross rental yields and a quick snapshot of top suburb performers per State. Access full report at CoreLogic.

 

New South Wales

Greater Sydney • HOUSES

 

Greater Sydney • UNITS

 

Regional NSW • HOUSES

 

Regional NSW • UNITS

See more of New South Wales’ best performing areas

 

 

Victoria

Greater Melbourne • HOUSES

 

Greater Melbourne • UNITS

 

Regional VIC • HOUSES

 

Regional VIC • UNITS

See more of Victoria’s best performing areas

 

 

Queensland

Greater Brisbane • HOUSES

 

Greater Brisbane • UNITS

 

Regional QLD • HOUSES

 

Regional QLD • UNITS

See more of Queensland’s best performing areas

 

 

South Australia

Greater Adelaide • HOUSES

 

Greater Adelaide • UNITS

 

Regional SA • HOUSES

 

Regional SA • UNITS

See more of South Australia’s best performing areas

 

 

Western Australia

Greater Perth • HOUSES

 

Greater Perth • UNITS

 

Regional WA • HOUSES

 

Regional WA • UNITS

See more of Western Australia’s best performing areas

 

 

Tasmania

Greater Hobart • HOUSES

 

Greater Hobart • UNITS

 

Regional TAS • HOUSES

 

Regional TAS • UNITS

See more of Tasmania’s best performing areas

 

 

Northern Territory

Greater Darwin • HOUSES

 

Greater Darwin • UNITS

 

Regional NT • HOUSES

 

Regional NT • UNITS

See more of Northern Territory’s best performing areas

 

 

Australian Capital Territory

Canberra • HOUSES

 

Canberra • UNITS

 

See more of Australia’s Capital Territory best performing areas

 

 

To compare this year’s top 10 suburb performers to previous year’s – read our blogs with links to the full CoreLogic report:

 

CoreLogic’s Best of the Best report for 2022 gives you all the property data you need to track the results of this historic year. The report highlights Australia’s best and worst performing suburbs based on sales, rents and property values, as well as providing a 2022 market review. Download report here.

 

Source:
– Australia’s Best of the Best 2022 suburbs revealed. December 2022. Read report

 

 

Data Dictionary & Disclaimers

All data highlighted is current as at the 30 November 2022, with the exception of Total Value of Sales data which reflect sales that occurred over the 12 months to 30 September 2022.

Top sales are based on properties that have transacted over the 2022 year to date – please note there may be sales we are not yet aware of due to the lag in reporting times, long settlements and non-disclosures.

Exclusions
– Regions with less than 10 Sales;
– 100 AVM observations;
– 20 Rental observations.

Data Dictionary

Median Sales AVM value – A measure of the median (50th percentile) estimated sales value of all properties based on the hedonic imputation method, irrespective of whether it transacted or not.

AVM observations – The total number of Automated Valuations that have been run.

12 month sales volumes – A count of all transactions over the 12 months.

Total Value of Sales – the total value of all property transactions recorded over the 12 months to September 2022.

12 month change in value – the percentage difference between the hedonic home value index as at 30 November 2022 compared to 12 months ago.

12 month change in rents – the percentage difference between the hedonic rental value index as at 30 November 2022 compared to 12 months ago.

Gross Rental Yields – A measure of the implied yield of properties based on the underlying sales values and ‘for rent’ listings values of properties using the hedonic imputation methodology.

Hedonic Home Value Index – CoreLogic’s headline measure for property market performance. It measures the organic change in underlying sale values of properties using the hedonic imputation methodology. The full detailed methodology description available at:
https://www.corelogic.com.au/research/rp-datacorelogic-home-value-index-methodology.

Hedonic Rental Value Index – A measure of the organic change in underlying ‘for rent’ listing values of properties using the hedonic imputation methodology. The full detailed methodology description available at: https://www.corelogic.com.au/our-data/corelogic-indices.

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