Australia's top 50 growth suburbs - RP Data

[Mike F]

Thought you guys might be interested, this was in yesterday's Eureka Report, data from RP Data, year to Jan 31. Good to see a few SA ones in there

Australia's top 50 growth suburbs

Rank, Suburb, No. sold, Median price, 12 month growth, Five-year average, Weekly median rent, Gross yield
1 Mont Albert, Vic 46 $1,035,000 50.0% 12.5% $430 2.2%
2 Glen Huntly, Vic 28 $753,250 49.9% 12.5% $465 3.2%
3 Castlecrag, NSW 58 $1,810,000 49.0% 11.2% $800 2.3%
4 Underdale, SA 44 $455,000 48.0% 11.0% $315 3.6%
5 South Hedland, WA 73 $380,000 47.6% 13.7% $750 10.3%
6 Carlton, Vic 74 $750,000 47.1% 12.9% $420 2.9%
7 Ingham, Qld 75 $235,000 46.9% 11.2% $183 4.0%
8 Cable Beach, WA 33 $800,000 46.8% 18.1% $800 5.2%
9 Collinsville, Qld 60 $212,500 46.6% 22.5% $380 9.3%
10 Pasadena, SA 42 $443,000 45.2% 11.1% $295 3.5%
11 Echunga, SA 26 $377,500 45.2% 11.0% $220 3.0%
12 Fig Tree Pocket, Qld 54 $850,000 44.7% 14.6% $480 2.9%
13 Broken Hill, NSW 539 $120,000 44.6% 12.5% $150 6.5%
14 Glen Eden, Qld 49 $375,000 44.2% 17.8% $315 4.4%
15 Calliope, Qld 83 $360,000 44.0% 12.3% $270 3.9%
16 Semaphore South, SA 23 $540,000 44.0% 14.8% $360 3.5%
17 Highgate, SA 21 $705,000 43.6% 13.7% $410 3.0%
18 Northbridge, NSW 96 $2,047,000 43.3% 12.3% $800 2.0%
19 Elizabeth, SA 22 $208,250 41.7% 11.9% $195 4.9%
20 South Brighton, SA 55 $445,800 41.5% 11.0% $295 3.4%
21 Alexandra Headland, Qld 40 $747,500 40.8% 15.9% $380 2.6%
22 Bronte, NSW 79 $2,025,000 39.7% 13.1% $670 1.7%
23 Highgate Hill, Qld 55 $781,500 39.3% 14.4% $340 2.3%
24 Clermond, Qld 48 $285,000 39.0% 16.6% $340 6.2%
25 Whyalla, SA 72 $285,000 39.0% 11.7% $350 6.4%
26 Gilberton, SA 17 $778,000 38.9% 8.9% $450 3.0%
27 Kyle Bay, NSW 11 $1,218,000 38.8% 12.8% $440 1.9%
28 Bayview, NT 21 $680,000 38.8% 21.0% $675 5.2%
29 Mont Albert North, Vic 33 $735,000 38.7% 14.7% $400 2.8%
30 Kensington Gardens, SA 35 $692,000 38.4% 13.6% $350 2.6%
31 Crystal Brook, SA 12 $166,000 38.3% 12.0% $165 5.2%
32 Ivanhoe East, Vic 25 $1,051,000 38.3% 11.8% $490 2.4%
33 Palmyra, WA 19 $795,000 38.3% 15.8% $350 2.3%
34 Leabrook, SA 16 $1,005,000 38.1% 15.9% $340 1.8%
35 Wacol, Qld 27 $295,000 38.0% 15.9% $260 4.6%
36 Abbotsford, Vic 65 $614,000 37.9% 11.6% $420 3.6%
37 Glenelg, SA 20 $720,500 37.9% 11.3% $328 2.4%
38 Middle Park, Vic 63 $1,241,000 37.9% 13.2% $530 2.2%
39 Cumberland Park, SA 35 $497,000 37.7% 11.5% $320 3.3%
40 Unley, SA 49 $755,000 37.5% 13.3% $430 3.0%
41 Bellfield, Vic 16 $398,000 37.2% 15.4% $260 3.4%
42 Hyde Park, Qld 34 $440,500 36.8% 13.5% $280 3.3%
43 Seddon, Vic 55 $500,000 36.6% 14.4% $320 3.3%
44 Booragul, NSW 19 $277,000 36.5% 11.2% $230 4.3%
45 Kalgoorlie, WA 63 $275,000 36.1% 10.9% $330 6.2%
46 Wonga Park, Vic 37 $659,000 35.9% 12.4% $345 2.7%
47 Ethelton, SA 34 $326,000 35.8% 13.3% $290 4.6%
48 Hectorville, SA 47 $400,000 35.6% 12.1% $273 3.5%
49 South Townsville, Qld 46 $403,750 35.5% 16.0% $280 3.6%
50 Whyalla, SA 70 $250,500 35.4% 10.6% $350 7.3%

 

[The Y-man]

Does that mean we should now avoid these as they have "had their run"?

Cheers,

The Y-man

 

[Bazza]

Exactly, they can't keep growing at that rate. But I guess one should look at surrounding suburbs that haven't grown as much and wait for the ripple affect.

Cheers,

Bazza

 

[crc_error]

Does that mean we should now avoid these as they have "had their run"?

Cheers,

The Y-man

looking at most of those yields, I think that would be a good idea!

 

[MichaelW]

How come Whyalla is in at 25 and at 50?

Nice numbers though. Good to see a few Sydney upper end postcodes doing big returns. Castlecrag, Northbridge and Bronte all around the $2M median mark now...

Cheers,
Michael.

 

[peastman]

Interesting to see Whyalla gets in twice. Once at 25th spot and again at 50. Hmm?

25 Whyalla, SA 72 $285,000 39.0% 11.7% $350 6.4%
50 Whyalla, SA 70 $250,500 35.4% 10.6% $350 7.3%

 

[units4me]

?????????????????????????????????????????????????????????????????

 

[silversands]

Whyalla, Whyalla Jenkins, Whyalla Norrie, Whyalla Playford, Whyalla Stuart -mcouple of different post codes, maybe???
Wish I had a couple already in either of these!

 

[DAAJ]

HUH? Ingham Is this right $46%?

I better buy some more.LOL


7 Ingham, Qld 75 $235,000 46.9% 11.2% $183 4.0%

 

[crc_error]

Interesting to see Whyalla gets in twice. Once at 25th spot and again at 50. Hmm?

25 Whyalla, SA 72 $285,000 39.0% 11.7% $350 6.4%
50 Whyalla, SA 70 $250,500 35.4% 10.6% $350 7.3%

maybe one is unit other is house?

 

[MissMuffitt]

Calliope, Qld 83 $360,000 44.0% 12.3% $270 3.9%
At 15th spot. Good to see it!

I know the sales here in Gladstone are getting back to "Normal" 2 to 3 months for a sale.

I was talking to a RE last week and he said the time of selling a house almost as soon as it came on the market is over for now!

 

[Kenster]

Do we have a list of *next* growth suburbs prediction?

 

[knightm]

Calliope, Qld 83 $360,000 44.0% 12.3% $270 3.9%
At 15th spot. Good to see it!

I know the sales here in Gladstone are getting back to "Normal" 2 to 3 months for a sale.

I was talking to a RE last week and he said the time of selling a house almost as soon as it came on the market is over for now!

MM - do you know if the Calliope area includes Boyne Island/Tannum Sands? I think its in the council area?

 

[weg]

Some of these suburbs have good reason for the growth ie mining.

The Advertiser Newspaper reported the small suburb of Underdale SA rating high because of the carve up of the former University of SA grounds.

This is a nice well positioned estate and more upmarket and expensive than the rest of the suburb.

 

[our obsession]

Mike, your thread here might be a good spot to wack up the Top Performing Melbourne Suburbs 1994-2005 (figures from Victorian Valuer-General).

Courtesy of Sunday Herald-Sun September 18th 2005 Article: "Shifting Values" by Andrea Moss.

 

[Michael Yardney]

Of course this doesn't mean that all properties in the suburb of Cantrebury went up 50% or in fact anything like that.

These figuers are more a reflection of the type of property for sale than anything else.
What it means is that last year in Melbourne's property boom, in creatin more affluent suburbs more of the top end properties were up for sale and changed hands.

With the stock market crash and margin calls, it is likely you will see top end houses come off in price a little this year

 

[steveadl]

Some of these suburbs have good reason for the growth ie mining.

The Advertiser Newspaper reported the small suburb of Underdale SA rating high because of the carve up of the former University of SA grounds.

This is a nice well positioned estate and more upmarket and expensive than the rest of the suburb.

That's why it's not necessarily helpful to look at the medians, as they don't tell the whole picture. In the recent SA median results - I noticed a fair few of the 20%+ growth suburbs are experiencing large levels of redevelopment. What's that word - regentrification?

So whilst the old houses in the suburb sell for $250k, you have a whole series of land developments, or 1D2U jobs that upon completion sell for $400k. Hence the median gets dragged up even though both old and new houses may be experiencing nowhere near 20% growth.