Want to know how property values have grown in your suburb?
The Corelogic Mapping the Market Report looks at suburb median values, comparing values in December 2017 to December 2012.
The interactive format of the graphs below provides valuable insight into how the value of housing varies across cities, across the country as well as how values have shifted over time.
The data is useful in understanding the cost of a typical house or unit in a suburb.
Just scroll through the interactive graphic below using the buttons for maps of Sydney, Melbourne, Brisbane, Adelaide, Perth, Darwin and Hobart.
Please be patient – it takes a while for these maps to load because they contain lots of data, so they’re worth waiting for!
- Outside of Sydney and Melbourne housing market conditions have generally seen much lower rates of capital gain that has provided a more affordable playing field for home buyers.
- In Sydney, more suburbs now have a median house value in excess of $1 million than below.
- In Melbourne, only slightly more likely to find a suburbs with a median house value below $750,000 than you are to find one with a median above $1 million.
- Housing values vary substantially across the metro areas of the capital cities; even markets like Sydney show pockets where housing values are remarkably lower relative to the city wide median.
- Late in 2017 the rate of value growth started to slow, with the slowdown most pronounced across higher value housing stock. This may result in some reduction in suburbs with a median above $1 million over the coming year.
Around the cities:
In December 2012 just 3.0% of Sydney suburbs had a median house value in excess of $2 million, by December 2017 the share of suburbs with a value above $2 million had increased to 18.7%.
At the end of 2017 just 3.1% of suburbs had a median unit value below $400,000 compared to a much greater 36.8% of suburbs five years earlier.
The share of suburbs with a median house value in excess of $1 million in Melbourne has jumped from 8.8% in December 2012 to 37.7% at the end of 2017.
The share of Melbourne suburbs with a median unit value of between $750,000 and $1 million has increased to 9.8% at the end of 2017 compared to just 0.6% at the end of 2012.
37.6% of Brisbane suburbs had a median house value of less than $400,000 in December 2012 with the proportion falling to 22.1% at the end of 2017.
At the end of 2017, 64.3% of Brisbane suburbs had a median unit value of less than $400,000 compared to a much higher 81.8% five years earlier.
77.0% of Adelaide suburbs had a median house value of more than $400,000 at the end of 2017 compared to just 58.2% of suburbs five years earlier.
82.2% of suburbs have a median unit value of less than $400,000 compared to 94.1% of suburbs having a median unit value below $400,000 in December 2012.
Five years ago, 8.1% of suburbs had a median house value of at least $1 million compared to 9.8% of suburbs currently.
The supply of lower valued units has shown little change over the past five years with 53.7% of suburbs currently having a median unit value of less than $500,000 compared to 55.7% in December 2012.
The proportion of suburbs with a median house value below $400,000 has fallen from 70.0% in December 2012 to 40.0% in December 2017.
92.9% of suburbs had a median unit value below $400,000 five years ago compared to 82.9% of suburbs in December 2017.
9.1% of the city’s suburbs have a median house value in excess of $1 million compared to 5.5% of suburbs five years ago.
73.7% of suburbs have a median unit value under $400,000 currently compared to a lower 54.8% five years ago which reflects the weak unit market conditions over recent years.
11.8% of suburbs have a current median house value of more than $1 million compared to 7.5% of suburbs five years ago.
27.3% of suburbs currently have a median unit value which is lower than $400,000 compared to 51.1% five years ago.
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