Top Australian Real Estates In 2020 You Should Know About

Published by Otto Dargan on January 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 $6,510,37
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 Suburb
$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, Wes
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
Gagebrook, Hobart
$320
Melton, Melbourne West
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

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