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These 96 Australian suburbs doubled their house prices in the last five years - featured image
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These 96 Australian suburbs doubled their house prices in the last five years

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.”

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?

About Brett Warren is Director of Metropole Properties Brisbane and uses his two decades of property investment experience to advise clients how to grow, protect and pass on their build their wealth through property. Visit: Metropole Brisbane
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