Australia enjoyed a “once in a generation” property boom over the last couple of years where the value of most properties increased by 20% in many cases up to 30%.
However recent Proptrack data revealed that the median house prices increased by 100% or more in 96 Aussie suburbs.
Sunshine Beach in Queensland ranked as the country’s number one growth performer and saw its median house price explode by 191.6% over a five-year period, rising from $1.2 million in 2017 to $3.5 million as of March 2022.
Proptrack reports that…
“Buyer demand across the Sunshine Coast has been intense, particularly over the past few years, sparked by the COVID-19 pandemic and strong interstate migration to the state’s southeast corner.”
- Also read:Finally Falling: Will Reduced Migration Rates Help Solve the Housing Shortage? | Property Insiders
- Also read:Melbourne property market forecast for 2025
- Also read:Latest property price forecasts for 2025 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:The 8 Best Property Investment Strategies in Australia
- Also read:Adelaide housing market update | December 2024
As you look through the following list of top-performing suburbs you’ll realise that lifestyle locations feature strongly as Covid made us re-evaluate how and where we want to live:
| Suburb | State | Current median | 2017 median | % Growth |
| Sunshine Beach | QLD | $3,500,000 | $1,200,000 | 191.67 |
| Berridale | NSW | $600,000 | $212,000 | 183.02 |
| Jindabyne | NSW | $1,405,000 | $525,000 | 167.62 |
| Primrose Sands | TAS | $510,000 | $200,000 | 155 |
| Casuarina | NSW | $2,350,000 | $950,000 | 147.37 |
| Byron Bay | NSW | $3,090,500 | $1,250,000 | 147.24 |
| Risdon Vale | TAS | $445,000 | $180,000 | 147.22 |
| Queenstown | TAS | $160,000 | $65,000 | 146.15 |
| Anglesea | VIC | $1,600,000 | $652,500 | 145.21 |
| Cape Paterson | VIC | $903,425 | $370,500 | 143.84 |
| Bogangar | NSW | $1,450,000 | $595,000 | 143.7 |
| Venus Bay | VIC | $619,000 | $257,000 | 140.86 |
| Rokeby | TAS | $515,000 | $215,000 | 139.53 |
| Sunrise Beach | QLD | $1,750,000 | $735,000 | 138.1 |
| Gilberton | SA | $1,100,000 | $465,000 | 136.56 |
| North Wonthaggi | VIC | $605,000 | $256,000 | 136.33 |
| Portsea | VIC | $3,765,000 | $1,625,000 | 131.69 |
| George Town | TAS | $330,000 | $142,500 | 131.58 |
| Dodges Ferry | TAS | $652,000 | $281,666 | 131.48 |
| Minyama | QLD | $2,000,000 | $865,000 | 131.21 |
| Evans Head | NSW | $1,180,000 | $512,500 | 130.24 |
| St Andrews Beach | VIC | $1,806,500 | $790,000 | 128.67 |
| Copacabana | NSW | $1,920,000 | $845,750 | 127.02 |
| Doonan | QLD | $1,702,000 | $750,000 | 126.93 |
| Somers | VIC | $1,700,000 | $750,000 | 126.67 |
| Ventnor | VIC | $856,000 | $383,000 | 123.5 |
| Chigwell | TAS | $480,000 | $215,000 | 123.26 |
| West Launceston | TAS | $663,000 | $297,500 | 122.86 |
| Bridgewater | TAS | $392,750 | $176,250 | 122.84 |
| Port Fairy | VIC | $997,251 | $448,750 | 122.23 |
| Warana | QLD | $1,400,000 | $630,000 | 122.22 |
| Moranbah | QLD | $315,000 | $142,810 | 120.57 |
| St Leonards | TAS | $505,000 | $229,500 | 120.04 |
| Winchelsea | VIC | $660,000 | $300,000 | 120 |
| Mayfield | TAS | $335,000 | $152,500 | 119.67 |
| Tomakin | NSW | $900,000 | $412,500 | 118.18 |
| Mount Stuart | TAS | $1,082,500 | $496,500 | 118.03 |
| Palm Beach | NSW | $6,050,000 | $2,775,000 | 118.02 |
| Kings Meadows | TAS | $532,500 | $245,000 | 117.35 |
| Bicheno | TAS | $640,000 | $295,000 | 116.95 |
| Robinvale | VIC | $390,000 | $180,000 | 116.67 |
| Myrtleford | VIC | $560,750 | $260,000 | 115.67 |
| New Norfolk | TAS | $450,000 | $209,000 | 115.31 |
| Bangalow | NSW | $1,827,500 | $850,000 | 115 |
| Miami | QLD | $1,485,000 | $694,000 | 113.98 |
| Inverloch | VIC | $946,000 | $442,500 | 113.79 |
| Pottsville | NSW | $1,330,000 | $623,000 | 113.48 |
| Invermay | TAS | $480,000 | $225,000 | 113.33 |
| Bellerive | TAS | $965,000 | $454,250 | 112.44 |
| Dinner Plain | VIC | $810,000 | $382,500 | 111.76 |
| Bulli | NSW | $1,800,000 | $850,500 | 111.64 |
| Kingscliff | NSW | $1,805,000 | $855,000 | 111.11 |
| West Moonah | TAS | $735,000 | $348,500 | 110.9 |
| Millfield | NSW | $767,500 | $365,000 | 110.27 |
| Alexandra Headland | QLD | $2,050,000 | $975,000 | 110.26 |
| Marcoola | QLD | $1,250,000 | $595,000 | 110.08 |
| Kandos | NSW | $315,000 | $150,000 | 110 |
| Rye | VIC | $1,200,000 | $572,000 | 109.79 |
| Montrose | TAS | $647,000 | $309,000 | 109.39 |
| Cowes | VIC | $813,750 | $389,000 | 109.19 |
| South Kempsey | NSW | $377,000 | $180,500 | 108.86 |
| Lauderdale | TAS | $832,600 | $399,000 | 108.67 |
| Bundeena | NSW | $1,850,000 | $887,500 | 108.45 |
| Currumbin | QLD | $1,552,500 | $745,000 | 108.39 |
| Callala Beach | NSW | $1,280,000 | $615,000 | 108.13 |
| Palm Beach | QLD | $1,520,000 | $730,500 | 108.08 |
| Scottsdale | TAS | $370,000 | $178,000 | 107.87 |
| Mollymook Beach | NSW | $1,300,000 | $627,000 | 107.34 |
| Point Lonsdale | VIC | $1,450,000 | $700,000 | 107.14 |
| Clyde North | VIC | $701,750 | $339,000 | 107.01 |
| Mullumbimby | NSW | $1,350,000 | $652,500 | 106.9 |
| Claremont | TAS | $558,000 | $270,000 | 106.67 |
| Vincentia | NSW | $1,300,000 | $629,500 | 106.51 |
| Moonah | TAS | $650,000 | $315,000 | 106.35 |
| Glenorchy | TAS | $580,000 | $282,000 | 105.67 |
| Cape Woolamai | VIC | $792,500 | $385,500 | 105.58 |
| Dalmeny | NSW | $770,000 | $375,000 | 105.33 |
| Noosa Heads | QLD | $1,907,500 | $930,000 | 105.11 |
| Blairgowrie | VIC | $1,635,000 | $797,500 | 105.02 |
| Bright | VIC | $920,000 | $450,000 | 104.44 |
| Macmasters Beach | NSW | $2,145,000 | $1,050,000 | 104.29 |
| Callala Bay | NSW | $1,021,000 | $500,000 | 104.2 |
| Mowbray | TAS | $427,500 | $210,000 | 103.57 |
| Berriedale | TAS | $590,000 | $290,000 | 103.45 |
| South Launceston | TAS | $547,000 | $270,000 | 102.59 |
| Kingston | TAS | $749,995 | $371,000 | 102.15 |
| Geilston Bay | TAS | $751,750 | $372,000 | 102.08 |
| Mirboo North | VIC | $595,000 | $295,000 | 101.69 |
| Wonthaggi | VIC | $575,250 | $285,500 | 101.49 |
| Corinella | VIC | $755,000 | $375,000 | 101.33 |
| Lennox Head | NSW | $1,575,000 | $782,500 | 101.28 |
| Suffolk Park | NSW | $1,950,000 | $969,000 | 101.24 |
| Wamberal | NSW | $1,800,000 | $895,000 | 101.12 |
| Coolum Beach | QLD | $1,200,000 | $598,000 | 100.67 |
| Ravenswood | TAS | $301,000 | $150,000 | 100.67 |
| Pegs Creek | WA | $460,750 | $230,000 | 100.33 |
Source: PropTrack
Obviously, these past couple of years has been unusually strong for house price growth, and house price growth is now slowing, however, as always some areas will outperform others.
But that’s nothing new, is it?
