Australia’s top suburbs in 2014

Australia’s top suburbs in 2014

Posted on Thursday, May 29 2014 at 1:59 PM

Investors and homeowners are continuing to enjoy solid gains across the capital cities, with Sydney remaining the standout performer.

Sydney suburbs
have dominated the top 10 list for capital growth when it comes to houses and
units this year, according to Onthehouse’s property data arm Residex.

Values in
Beaumont Hills increased by more than 13 per cent in the three months to April,
making it Australia’s fastest growing suburb. Eastwood and West Pennant Hills
followed closely behind, with capital growth rates over 12 per cent.

Alphington in
Melbourne, with a growth rate of 8.65 per cent, was the only suburb outside of
New South Wales to rank in the top 10 list for houses.

analyst for Onthehouse and founder of Residex, John Edwards, says the growth
rates in Sydney have remained solid.

“Growth in Sydney
has continued, with house price growth of 8.15 per cent in the last quarter. We
haven’t seen this high level of quarterly growth since September 1988, when
Sydney saw its last large property price boom,” he says.

“While the strong
growth rates are good news for property owners, if growth continues on its
current upward path there could potentially be some problems in the medium-term
as interest rates are likely to increase.”

For units, the
Sydney market again dominated the list, featuring seven of the top 10 suburbs.


Best houses


Best units



Follow us on Twitter.

Was this article helpful? Place a link to it from your website, or share it using the button below.

Bookmark and Share

Recent articles:

New home sales continue rising

Australia’s top suburbs in 2014

Multibillion-dollar resort approvals edge closer

Huge new Melbourne redevelopment site

Queensland property records solid growth

Investment property loans grow

Leave a comment







    Article source: