Top Australian Real Estates In 2020 You Should Know About

personOtto Dargan access_timeJanuary 16, 2020

2019 saw the end of the downturn that plagued the Australian real estate market from late-2017 to mid-2019.

The latter half of 2019 saw rapid growth in dwelling values due to a combination of the three cash rate cuts by the RBA (in June, July and October), relaxation of borrowing power by the APRA, and removal of market uncertainty around tax reforms after the federal election. This helped the Australian property market recover faster than expected.

And, this trend is likely to continue at the same pace in the first quarter of 2020.

National versus regional markets

Nationally, the 4.0% market rebound in national values during the last quarter of 2019 was led by Sydney (+6.2%) and Melbourne (+6.1%), according to CoreLogic Home Value Index January 2020. It led to year-on-year growth of 2.3% in the national property value in 2019.

However, the highest year-on-year growth was recorded between 13.1% (Woronora Heights, Greater Sydney) and 22.3% (South Hedland, Rest of WA). Also, despite the positive national growth, property prices in Darwin fell 1.4% over the last quarter of 2019 and 9.7% over the year.

What this disparity in growth shows is the property market performance at the national level does not necessarily reflect the changes in property values at the micro-level.

So, to analyse just how various other Australian cities and suburbs performed during the rapid market rebound in 2019, here is a list of top-performing regions nationally and around the eight major capital cities of Australia based on
the ‘Best of the Best 2019’ report by CoreLogic.

Top national and regional top-performers in 2019

Top housing market performers in 2019

Housing Market

Highest Median Value

Lowest Median Value

Lowest Median Value Within 10km Of A Capital City

National

Houses

$6,510,379

Darling Point, Sydney, NSW

$36,867

Cunnamulla, Rest of QLD, QLD

$287,616

Risdon Vale, Hobart, TAS

Units

$2,201,086

Point Piper, Sydney, NSW

$97,919

Newman, Rest of WA, WA

$239,754

Osborne Park,

Greater Perth, WA

Sydney

Houses

$6,510,379

Darling Point, Sydney

$427,510

San Remo, Central Coast

$1,090,504

Arncliffe, Inner South West

Units

$2,201,086

Point Piper, Sydney

$230,766

Vineyard, Baulkham Hills

and Hawkesbury

$587,793

Eastlakes, City

and Inner South

Melbourne

Houses

$4,694,283

Toorak, Inner Melbourne

$383,748

Melton, Melbourne West

$833,514

Maidstone, West

Units

$1,053,339

Brighton, Inner South

$314,685

Bacchus Marsh, West

$364,918

Carlton, Inner Melbourne

Brisbane

Houses

$1,712,100

Teneriffe, Inner Brisbane

$207,411

Russell Island,

East Brisbane

$397,273

Rocklea, South Brisbane

Units

$607,379

Teneriffe, Inner Brisbane

$97,919

Kooralbyn,

Logan – Beaudesert

$336,043

Spring Hill, Inner City

Adelaide

Houses

$1,395,975

Unley Park, Central and Hills

$176,542

Elizabeth North,

North Adelaide

$385,749

Athol Park, West Adelaide

Units

$475,059

North Adelaide,

Central and Hills

$172,401

Salisbury,

North Adelaide

$248,940

Klemzig, North Adelaide

Perth

Houses

$2,484,135

Dalkeith, Inner Perth

$212,236

Medina, South West

$347,176

Nollamara, North West

Units

$747,405

Cottesloe, Inner Perth

$174,947

Armadale, South East

$239,754

Osborne Park, North West

Hobart

Houses

$1,090,564

Battery Point, Hobart

$241,660

Gagebrook, Hobart

$287,616

Risdon Vale, Hobart

Units

$637,735

Battery Point, Hobart

$250,526

Brighton, Hobart

$301,581

Glenorchy, Hobart

Darwin

Houses

$717,334

Fannie Bay, Darwin

$325,038

Zuccoli, Darwin

$408,892

Anula, Darwin

Units

$388,701

Woolner, Darwin

$213,013

Karama, Darwin

$240,751

Millner, Darwin

Canberra

Houses

$2,409,992

Forrest, ACT

$468,487

Charnwood, ACT

$529,686

Scullin, ACT

Units

$726,423

Forrest, ACT

$263,797

Curtin, ACT

$263,797

Curtin, ACT

 

Top rental market performers in 2019

Rental

Market

Highest Gross Rental Yields

Highest Gross Rental Yields Within 10km Of A Capital City

Highest Median Weekly Advertised Rents

Lowest Median Weekly Advertised Rents

National

Houses

 

15.0%

Blackall, Rest of QLD, QLD

 

8.1%

Risdon Vale, Hobart, TAS

 

$2,200

Bellevue Hill, Sydney, NSW

 

$160

Blackall, Rest of QLC, QLC

 

Units

14%

South Hedland,

Rest of WA, WA

7.6%

Curtin, ACT

 

$1,100

Millers Point, Sydney, NSW

$145

Newborough, Rest of VIC, VIC

Sydney

Houses

 

5.1%

Warragamba, Outer West

and Blue Mountains

3.8%

Sydenham, Inner West

 

$2,200

Bellevue Hill,

Eastern Suburbs

 

$320

Willmot, Blacktown

 

Units

 

5.5%

Wyong, Central Coast

5.0%

Ultimo, City and

Inner South

$1,100

Millers Point, City and

Inner South

$310

Carramar, Parramatta

Melbourne

Houses

 

4.7%

Lancefield, North West

 

3.9%

Collingwood,

Inner Melbourne

 

$1,200

Toorak, Inner Melbourne

 

$320

Melton, Melbourne West

 

Units

7.1%

Carlton, Inner Melbourne

7.1%

Carlton, Inner Melbourne

$628

Brighton East,

Inner South

 

$280

Albion, West

Brisbane

Houses

 

6.8%

Kilcoy, Moreton Bay, North

5.1%

Rocklea, South Brisbane

 

$1,200

Toorak, Inner Melbourne

 

$245

Lamb Island, Brisbane

 

Units

 

8.1%

Edens Landing,

Logan – Beaudesert

6.9%

Spring Hill, Inner City

$628

Brighton East,

Inner South

 

$260

Sandgate, North Brisbane

Adelaide

Houses

 

8.0%

Elizabeth North,

North Adelaide

 

5.1%

Athol Park, West Adelaide

 

$663

Glen Osmond,

Central and Hills

 

$240

Elizabeth South,

North Adelaide

Units

7.3%

Salisbury,

North Adelaide

6.0%

Brooklyn Park,

West Adelaide

$450

Kent Town,

Central and Hills

 

$240

Salisbury,

North Adelaide

Perth

Houses

 

6.7%

Medina, South West

 

5.0%

Westminster, North West

 

$963

Cottesloe, Inner Perth

 

$260

Armadale, South East

 

 

Units

6.9%

Armadale, South East

6.5%

Glendalough, Inner Perth

$525

North Fremantle,

South West

$220

Shoalwater, South West

Hobart

Houses

 

8.7%

Gagebrook, Hobart

8.1%

Risdon Vale, Hobart

 

$650

Battery Point, Hobart

 

$330

Gagebrook, Hobart

 

 

Units

 

6.9%

Brighton, Hobart

6.7%

Glenorchy,

Hobart

$510

Battery Point, Hobart

$320

Claremont, Hobart

Darwin

Houses

 

8.6%

Zuccoli, Darwin

 

5.5%

Jingili, Darwin

 

$750

Bayview, Darwin

$365

Moulden, Darwin

 

Units

8.1%

Karama, Darwin

7.2%

Parap, Darwin

 

$490

Bayview, Darwin

 

$310

Karama, Darwin

Canberra

Houses

 

6.9%

Taylor, ACT

 

4.9%

Scullin, ACT

 

$900

Yarralumla, ACT

 

$480

Banks, ACT

 

 

Units

7.6%

Curtin, ACT

7.6%

Curtin, ACT

$625

Yarralumla, ACT

$340

Hackett, ACT

 

Are you looking to buy property in 2020?

It is quite an exciting time to get into the property market right now, with all the data pointing towards a positive momentum in the Australian property market.

But it can still be tough to get approved for a home loan if your situation is a little outside-of-the-box, such as being over 50 or a non-resident or being self-employed with little to no income evidence.

As specialist mortgage broker with a proper understanding of credit policies of almost 40 Australian lenders, we can usually find you a solution.

We understand that getting approved boils down to building a strong case with the right lender.

Call us on 1300 889 743 or complete our short no-obligation assessment form to speak with one of our specialist mortgage brokers.