316 suburbs where values grew more than 10 per cent in winter

Houses in Balmoral, Qld topped the nation for three-month growth.

ANALYSIS

Wondering when the next property boom might start? Well, it’s already underway, according to new growth figures from PropTrack.

Curious about the effect of this year’s three rate cuts on the nation’s housing market, I analysed PropTrack’s latest monthly data for all Australian suburbs, to look at the performance of house prices over the past three months.

All up, there were 1314 suburbs across the nation where houses had grown in value during winter.

Incredibly, 316 suburbs had seen growth of 10 per cent or more to their house median.

Balmoral in inner Brisbane was the top performer, with three-month growth of 64.9 per cent taking its house median to $1.775 million.

It was followed by Perth (in Tasmania), with 48.6 per cent. Berrima (Darwin) was third with 43.8 per cent, followed by Macksville on the NSW mid north coast (43.2 per cent) and Renmark in SA (43 per cent).

MORE:What new migration data reveals about housing crisis

SCROLL DOWN FOR FULL LIST OF 316 SUBURBS

Mount Morgan (Qld, 41.3 per cent), Darley (Vic, 41.2 per cent), Turramurra (NSW, 41.1 per cent) and New Farm (Qld, 37.9 per cent) made up the top 10.

One thing about the data that struck me was that, unlike a number of top performing suburb lists, there was quite an even spread between different states.

It shows that there are markets everywhere that are primed for growth, not just particular states or regions.

MORE: Major bank announces landmark cut to interest rates

Eleanor Creagh said the housing market was poised to grow further.

PropTrack’s Home price Index for August showed that all capital cities except Hobart had value growth for the month, while all capitals had seen growth over 12 months.

Regional markets had growth in every state except for Tasmania and NT for the month.

REA Group senior economist and report author Eleanor Creagh noted that national home prices rose to a record high during August.

MORE:Shock figures confirm next RBA rate call

“This marks eight straight months of growth as the housing market gains momentum following the series of interest rate cuts this year, which have boosted borrowing capacities, improved sentiment and drawn buyers back into the market,” Ms Creagh said.

“As a result, the housing upswing, once narrowly led by a handful of cities, is broadening.”

Ms Creagh said the economic factors driving housing growth were likely to strengthen during spring. “The combination of lower interest rates, increased borrowing capacities and improved sentiment is expected to continue to drive demand.

“Constrained new housing supply, strong population growth and the expansion of the Home Guarantee Scheme from October will also maintain upward pressure on prices.

“The housing market appears poised for another leg higher, albeit strengthening in some capitals while normalising in others.”

Full list: 316 suburbs with 10 per cent + growth

Suburb State Median House 3 month growth
Balmoral QLD $1,775,000 64.9
Perth TAS $600,000 48.6
Berrimah NT $355,350 43.8
Macksville NSW $617,500 43.2
Renmark SA $460,000 43
Mount Morgan QLD $285,000 41.3
Darley VIC $645,000 41.2
Turramurra NSW $3,210,000 41.1
New Farm QLD $2,975,000 37.9
Sandringham VIC $2,100,000 37.6
Macleod VIC $1,085,000 36.9
Oakville NSW $1,570,500 36.1
Innes Park QLD $910,000 35.8
Caulfield North VIC $2,215,000 35.4
Mount Helen VIC $625,000 34.9
Fitzroy VIC $1,710,000 34.7
Lane Cove North NSW $2,200,000 33.9
Ooralea QLD $695,000 33.5
South Kempsey NSW $432,500 33.1
Kalamunda WA $1,030,000 33
Edge Hill QLD $840,000 32.5
Parrearra QLD $1,387,500 32.4
Runaway Bay QLD $1,850,000 32.4
West Tamworth NSW $392,500 30.3
Hawthorne QLD $2,400,000 30
Albert Park VIC $2,230,000 30
East Tamworth NSW $667,500 29.9
Wynyard TAS $526,500 29.8
Werris Creek NSW $335,000 29.8
Enoggera QLD $1,300,000 29.7
Norman Park QLD $1,535,000 29.7
Risdon Vale TAS $470,000 29.3
Grange QLD $1,700,000 29.3
Bolwarra Heights NSW $962,500 29.2
Swansea NSW $1,070,000 28.8
Burleigh Heads QLD $1,762,500 28.7
Collinsville QLD $179,500 28.6
Port Adelaide SA $700,000 28.4
Cashmere QLD $1,360,000 28.3
Bowen QLD $504,500 28.3
North Adelaide SA $1,320,000 28.2
Lake Munmorah NSW $792,500 27.8
Daylesford VIC $800,000 26.7
Anula NT $552,500 26.3
Kidman Park SA $1,150,000 25.9
Denman Prospect ACT $1,190,000 25.7
O’Connor ACT $1,465,000 25.5
East Side NT $550,000 25.3
Dudley NSW $1,300,000 24.8
North Bendigo VIC $500,000 24.4
Northgate QLD $1,225,000 24.3
Gunnedah NSW $500,000 24.3
Landsborough QLD $911,000 24.3
Lakes Entrance VIC $500,000 24.3
Wynnum QLD $1,281,250 23.9
Woollahra NSW $5,000,000 23.8
Applecross WA $2,800,000 23.7
West Wallsend NSW $817,500 23.4
Mascot NSW $1,865,000 23.2
Oak Park VIC $1,050,000 22.8
Miami QLD $1,630,000 22.6
Campsie NSW $1,722,500 22.4
Stawell VIC $340,000 22.4
Scoresby VIC $1,000,000 21.9
Warana QLD $1,650,000 21.7
Dural NSW $2,350,000 21.5
Port Pirie West SA $200,000 21.3
Paynesville VIC $530,000 21.2
Maribyrnong VIC $1,066,000 21.1
Rosanna VIC $1,330,000 20.9
Anglesea VIC $1,400,000 20.9
North Plympton SA $970,000 20.8
Brooklyn Park SA $925,500 20.6
Proserpine QLD $520,000 20.6
Joondanna WA $1,090,000 20.5
Moama NSW $800,000 20.1
Plympton Park SA $1,012,500 20
South Melbourne VIC $1,411,000 20
Taperoo SA $687,745 20
Whyalla SA $400,000 20
Alstonville NSW $940,000 20
Coombabah QLD $950,000 20
North Melbourne VIC $1,263,500 19.6
Landsdale WA $950,000 19.6
Chirnside Park VIC $881,000 19.6
Yokine WA $1,010,000 19.5
Taringa QLD $1,675,500 19.3
Eltham North VIC $1,300,000 19.2
Keilor East VIC $1,005,000 19.2
Bondi Junction NSW $2,875,000 19.1
Minto NSW $945,000 19
Maylands WA $1,052,000 19
Auchenflower QLD $1,850,000 18.8
Tanah Merah QLD $911,500 18.7
Port Augusta West SA $317,000 18.7
Cairnlea VIC $900,000 18.6
Lemon Tree Passage NSW $740,000 18.6
Kembla Grange NSW $1,017,000 18.5
Ballarat Central VIC $607,500 18.5
Broken Hill NSW $200,000 18.4
Richmond SA $945,000 18.2
South Maclean QLD $882,500 18.2
Glen Iris VIC $2,387,000 18.1
Moore Park Beach QLD $710,000 18.1
Clontarf QLD $870,000 18
Bannockburn VIC $801,750 17.9
Dalby QLD $450,000 17.9
Deanside VIC $660,000 17.8
Harrington Park NSW $1,421,500 17.7
Glen Innes NSW $380,000 17.7
Bells Creek QLD $865,000 17.6
Flora Hill VIC $550,000 17.6
South Toowoomba QLD $665,000 17.6
Concord West NSW $2,800,000 17.6
Forresters Beach NSW $1,470,000 17.6
Aintree VIC $736,100 17.5
Woodville West SA $852,500 17.4
Moncrieff ACT $1,020,000 17.2
Kambalda West WA $195,000 17.2
Springwood NSW $1,000,000 17.2
Hunterview NSW $764,000 17.1
Green Valley NSW $1,145,000 17
Mullumbimby NSW $1,145,000 17
Paradise Point QLD $2,002,500 17
Mannum SA $485,000 17
Sherwood QLD $1,734,000 16.9
Berry NSW $1,600,000 16.9
Jindalee WA $915,000 16.6
Huonville TAS $632,500 16.6
Eden Hills SA $972,500 16.6
Kingswood NSW $960,000 16.5
Everton Hills QLD $1,075,000 16.5
Edmondson Park NSW $1,225,000 16.4
Logan Central QLD $699,999 16.3
Moonah TAS $625,500 16.3
Berri SA $385,000 16.3
Driver NT $505,000 16.2
Kilburn SA $760,000 16.2
Redcliffe WA $780,000 16.2
Tootgarook VIC $847,500 16.2
Hurstville NSW $2,060,000 16.1
Calwell ACT $840,000 16.1
Tolland NSW $504,000 16
Palm Beach QLD $1,820,000 15.9
Burns Beach WA $1,435,000 15.9
Lennox Head NSW $1,600,000 15.7
Peregian Springs QLD $1,260,007 15.6
Gulgong NSW $630,000 15.6
Beechworth VIC $800,000 15.6
Golden Bay WA $700,000 15.4
Lidcombe NSW $1,820,000 15.3
Dee Why NSW $2,740,000 15.3
Old Toongabbie NSW $1,415,000 15.3
West Croydon SA $1,030,000 15.3
Balgownie NSW $1,323,500 15.3
Gordon Park QLD $1,550,000 15
Cabramatta NSW $1,365,000 15
West Pennant Hills NSW $2,670,000 15
Harrington NSW $754,000 15
Hillvue NSW $650,000 14.9
Balwyn North VIC $2,350,000 14.9
Sylvania NSW $1,880,000 14.9
Vincentia NSW $1,225,000 14.8
Bellamack NT $625,000 14.7
Bellingen NSW $880,000 14.7
Deagon QLD $900,050 14.6
Hinchinbrook NSW $1,050,000 14.5
Hughesdale VIC $1,450,000 14.5
Forster NSW $860,000 14.5
Kensington VIC $1,075,000 14.4
Kingaroy QLD $492,500 14.3
Byron Bay NSW $2,500,000 14.3
Brinsmead QLD $785,000 14.3
Goonellabah NSW $700,000 14.3
Falcon WA $744,500 14.3
St Marys NSW $1,031,000 14.2
Saratoga NSW $1,300,000 14.2
Singleton WA $785,000 14.1
Croydon VIC $880,000 14.1
Narrogin WA $310,000 14.1
Armidale NSW $535,000 13.9
North Toowoomba QLD $651,000 13.9
Long Gully VIC $477,500 13.9
South Yunderup WA $752,500 13.9
Warner QLD $990,000 13.8
George Town TAS $365,000 13.6
Arana Hills QLD $1,039,000 13.5
Oakleigh VIC $1,325,000 13.5
Ayr QLD $340,000 13.5
Belmont NSW $997,750 13.5
Tweed Heads South NSW $1,090,000 13.5
Bakewell NT $527,500 13.4
Beaconsfield VIC $1,000,000 13.4
Wantirna South VIC $1,226,000 13.4
Banyo QLD $1,100,000 13.3
Bell Park VIC $650,000 13.3
Warners Bay NSW $1,085,042 13.3
Canley Heights NSW $1,247,500 13.2
Chipping Norton NSW $1,469,250 13.2
The Gap QLD $1,382,500 13.2
Georges Hall NSW $1,400,000 13.1
Chermside QLD $1,165,000 13
Manly West QLD $1,170,000 13
Muirhead NT $742,500 12.9
Moree NSW $310,000 12.9
Trevallyn TAS $600,000 12.8
Chelmer QLD $1,580,000 12.8
Pallara QLD $940,000 12.7
Yagoona NSW $1,310,000 12.7
Mansfield QLD $1,300,000 12.7
Dodges Ferry TAS $727,500 12.7
Kedron QLD $1,350,000 12.6
Elizabeth Vale SA $635,400 12.6
Gisborne VIC $990,000 12.6
Hamilton Hill WA $872,500 12.6
Wentworth Falls NSW $950,000 12.6
Springvale South VIC $830,000 12.5
Ballarat North VIC $530,000 12.5
Tamborine Mountain QLD $1,050,000 12.5
Wilton NSW $1,293,250 12.4
Lawson NSW $870,000 12.4
Ormeau Hills QLD $950,000 12.3
Koongal QLD $462,500 12.3
Shailer Park QLD $1,015,000 12.3
Avoca QLD $635,000 12.3
Bassendean WA $885,000 12.2
Rural View QLD $670,000 12.1
Stanmore NSW $2,200,000 12.1
Ferny Grove QLD $1,153,700 12.1
Killara NSW $4,020,000 12.1
Seaford Heights SA $813,798 12
Norlane VIC $465,000 12
Hocking WA $826,250 11.9
Romsey VIC $803,750 11.9
Highfields QLD $923,056 11.9
Cobar NSW $272,500 11.8
Picton NSW $1,162,500 11.8
Peakhurst NSW $1,630,000 11.8
Templestowe VIC $1,647,500 11.7
Morningside QLD $1,500,000 11.6
Stuart Park NT $933,000 11.6
Dover Gardens SA $892,000 11.6
Russell Island QLD $429,000 11.6
Grafton NSW $512,500 11.5
Sans Souci NSW $2,551,500 11.5
Sydenham VIC $715,000 11.3
Jacobs Well QLD $1,200,000 11.3
Woodville South SA $977,500 11.2
Marangaroo WA $760,000 11.2
Largs North SA $850,000 11.2
Banksia Park SA $763,000 11.2
Newstead TAS $690,000 11.2
Tatura VIC $500,000 11.2
Patterson Lakes VIC $1,188,000 11.2
Acacia Gardens NSW $1,330,000 11.1
Holland Park QLD $1,412,500 11.1
Harristown QLD $630,000 11.1
Greystanes NSW $1,340,000 11.1
Bella Vista NSW $2,545,000 11.1
Riverside TAS $655,000 11.1
Mount Barker WA $455,500 11.1
Maryborough QLD $480,000 11.1
Dandenong VIC $740,000 11
Inala QLD $781,500 11
Lockleys SA $1,255,000 11
Condell Park NSW $1,492,500 10.9
Beckenham WA $718,000 10.9
Edwardstown SA $900,000 10.9
South Lismore NSW $373,500 10.9
West Ulverstone TAS $565,000 10.9
Goolwa South SA $677,000 10.9
Bongaree QLD $864,500 10.9
Munno Para SA $600,000 10.8
Nickol WA $650,000 10.8
Hornsby NSW $1,800,000 10.8
Ringwood VIC $1,036,500 10.8
Box Hill South VIC $1,423,000 10.8
Bogangar NSW $1,570,000 10.8
Brabham WA $721,500 10.7
Kingston QLD $700,000 10.7
Mount Druitt NSW $1,017,500 10.7
Belmore NSW $1,640,000 10.7
Edens Landing QLD $787,500 10.6
Glendale NSW $814,000 10.6
Clarence Park SA $1,205,000 10.6
Gulfview Heights SA $960,000 10.6
Thirroul NSW $1,725,000 10.6
Mont Albert North VIC $1,658,000 10.6
Toowong QLD $1,751,250 10.5
Brown Hill VIC $640,000 10.5
Melton VIC $491,500 10.5
Leongatha VIC $586,250 10.5
Plympton SA $949,000 10.4
Madora Bay WA $790,000 10.4
Hendra QLD $2,000,000 10.4
Sarina QLD $490,000 10.4
Golden Beach QLD $1,200,000 10.4
Ballina NSW $892,500 10.4
Boondall QLD $975,000 10.3
Adamstown Heights NSW $1,120,000 10.3
Airport West VIC $928,000 10.3
Bomaderry NSW $710,500 10.3
Tanilba Bay NSW $780,000 10.3
Runcorn QLD $975,000 10.2
Biloela QLD $360,000 10.2
Dundas NSW $1,850,000 10.2
Broadbeach Waters QLD $2,467,500 10.2
Whitlam ACT $1,300,000 10.1
Haynes WA $710,000 10.1
Coburg North VIC $980,000 10.1
Currajong QLD $532,500 10.1
Red Cliffs VIC $427,500 10.1
Trafalgar VIC $597,000 10.1
Charters Towers City QLD $260,000 10.1
Secret Harbour WA $825,000 10
Chapman ACT $1,225,000 10

The post 316 suburbs where values grew more than 10 per cent in winter appeared first on realestate.com.au.

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