25 Best & Worst Performing Australian Areas For Property

CoreLogic has revealed the areas in Australia that have over- and under-performed over the 20 years to December 2016.

The property analytics firm CoreLogic reported that over the past 20 years, the median selling prices of houses nationally increased at a compound annual rate of 7.2% p.a.

This means property prices have on average doubled over the space of 10 years.

“While the national growth rate is strong, the rate of growth has varied dramatically between the states and territories, and within different regions of each state and territory,” CoreLogic reported.

The top 25 council areas for median house price increases

Of the 25 best-performing council areas (over a 20-year basis), 17 of them came from Victoria.

Next on the list was NSW with 5 council areas, followed by QLD with 2, and WA with 1.

While the list is littered with high median prices (many exceeding $1 million), number one on the list, Murrumbidgee, only has a median price of $167,000 despite seeing an annual growth rate of 13%.

Here’s the full list of the 25 best-performing council areas for median house price increases in Australia:

Council area State Median house price 20 year growth p.a.
Murrumbidgee NSW $167,000 13.0%
Isaac Qld $140,000 11.5%
Monash Vic $1,100,000 10.8%
Whitehorse Vic $1,081,000 10.7%
Boroondara Vic $1,910,000 10.6%
Glen Eira Vic $1,328,000 10.6%
Maribyrnong Vic $781,500 10.6%
Yarra Vic $1,210,000 10.2%
Darebin Vic $840,000 10.2%
Banana Qld $190,000 10.0%
Bayside Vic $1,658,750 9.9%
Boorowa NSW $235,000 9.8%
Manningham Vic $1,170,000 9.8%
Stonnington Vic $1,810,000 9.8%
Kingston Vic $851,000 9.8%
Nannup WA $372,000 9.7%
Port Phillip Vic $1,550,000 9.7%
Liverpool NSW $750,000 9.6%
Byron NSW $800,000 9.6%
Greater Dandenong Vic $600,000 9.6%
Marrondah Vic $745,000 9.6%
Waverley NSW $2,625,000 9.5%
Hobsons Bay Vic $771,000 9.5%
Moreland Vic $740,000 9.5%
Moonee Valley Vic $955,000 9.5%

Source: CoreLogic, 2017

The bottom 25 council areas for median house price increases

The list of worst-performing council areas is slightly more diverse as far as state representation goes.

QLD won the dubious honour of most entries with 8 council areas, and WA follows with 7, SA with 5, Vic with 3, and NSW with 2.

It’s not entirely surprising that there aren’t many entries from Victoria or NSW on the list; their property markets have been booming for the past few years, and not just in urban areas either.

The median house prices on this list are comparably lower than on the ‘best-performing’ list.

Many of the councils listed below have median prices below $100k, and the highest median price is only $405,000.

Here are the worst-performing council areas for median house price increases in Australia:

Council area State Median house price 20 year growth p.a.
Coolgardie WA $87,500 0.4%
Yilgarn WA $58,500 0.5%
Dundas WA $33,000 1.0%
Paroo Qld $50,000 1.9%
Unincorporated SA SA $46,000 2.5%
East Pilbara WA $150,000 2.8%
Hay NSW $120,000 2.9%
Kimba SA $70,000 3.0%
Morawa WA $60,000 3.0%
Burdekin QLD $175,000 3.2%
Quilpie QLD $87,500 3.2%
Walgett NSW $80,000 3.2%
Buloke Vic $82,750 3.2%
Blackall Tambo QLD $75,000 3.3%
Central Highlands QLD $190,000 3.5%
Bruce Rock WA $70,250 3.5%
Roebourne WA $291,000 3.8%
Cassowary Coast QLD $250,000 3.8%
Yarriambiack Vic $90,000 3.9%
Southern Mallee SA $99,000 4.1%
Tatiara SA $142,000 4.1%
Gannawarra Vic $160,000 4.2%
Douglas QLD $405,000 4.3%
Berri and Bermera SA $181,000 4.3%
North Burnett QLD $146,000 4.4%

Source: CoreLogic, 2017

How are house prices in the capital cities going?

For the week ending 26 March 2017, these are CoreLogic’s updated median price figures for houses and units in the capital cities:

City Median house price Median unit price Year-to-date change
Sydney $950,000 $740,000 +5.3%
Melbourne $710,000 $525,000 +4.4%
Brisbane $505,000 $392,000 +0.3%
Adelaide $446,750 $323,250 +1.8%
Perth $510,000 $418,500 -1.1%
Hobart $365,000 $306,500 N/A
Darwin $493,000 $295,500 N/A
Canberra $665,000 $405,000 N/A

Source: CoreLogic, 2017

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