Top 10 Selling Suburbs in Australia 2015

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When researching where to buy a property and when it’s a good time to sell, it’s helpful to know which suburbs have performed the best over the past year, and what property market trends to look out for.

Recently, CoreLogic RP Data revealed the suburbs across Australia that had the highest rental yields and highest median values for 2015.

Highest rental yields

For when it came to rental yield, according to the data, South Kempsey, on the New South Wales mid-north coast was the highest yielding suburb for houses. The suburb had a median value of $179,449 and a gross rental yield of 9.7 per cent. In the unit market, Berri in South Australia came in first with a median value of $117,044 and a rental yield of 9.7 per cent.

Top suburbs in Australia for houses:

  1. South Kempsey, NSW: Median house value of $179,449, rental yield of 9.7%
  2. Onslow, WA: Median house value of $753,328, rental yield of 9.1%
  3. Rosebery, NSW: Median house value of $93,290, rental yield of 9.1%
  4. Hay, NSW: Median house value of $167,772, rental yield of 9.0%
  5. Ouyen, VIC: Median house value of $136,983, rental yield of 9.0%
  6. Broken Hill, NSW: Median house value of $160,237, rental yield of 8.9%
  7. Nhill, VIC: Median house value of $135,751, rental yield of 8.9%
  8. Coonamble, NSW: Median house value of $149,238, rental yield of 8.8%
  9. Gagebrook, TAS: Median house value of $138,342, rental yield of 8.7%
  10. Coolgardie, WA: Median house value of $158,256, rental yield of $8.5%

Top suburbs for houses by capital city:

City Suburb Median value Rental yield (%)
Sydney Buxton $468,138 5.7
Melbourne Millgrove $257,289 5.5
Brisbane Gailes $242,554 6.4
Adelaide Elizabeth North $172,484 7.1
Perth Hillman $297,596 5.8
Hobart Gagebrook $138,342 8.7
Darwin Zuccoli $569,427 7.8
Canberra Charnwood $394,545 5.5

Top suburbs in Australia for units:

  1. Berri, SA: Median unit value of $117,044, rental yield of 9.7%
  2. Maudsland, QLD: Median unit value of $439,160, rental yield of 9.7%
  3. Mollymook, NSW: Median unit value of $339,341, rental yield of 8.6%
  4. Edmonton, QLD: Median unit value of $172,635, rental yield of 8.6%
  5. Woree, QLD: Median unit value of $139,919, rental yield of 8.5%
  6. Bungalow, QLD: Median unit value of $164,827, rental yield of 8.5%
  7. Manunda, QLD: Median unit value of $156,507, rental yield of 8.4%
  8. Stapylton, QLD: Median unit value of $173,520, rental yield of 8.2%
  9. Westcourt, QLD: Median unit value of $204,998, rental yield of 8.1%
  10. Edge Hill, QLD: Median unit value of $181,121, rental yield of 7.9%

Top suburbs for units by capital city:

City Suburb Median value Rental yield (%)
Sydney Mardi $361,640 6.2
Melbourne Carlton $364,925 7.2
Brisbane Beenleigh $191,677 7.7
Adelaide Davoren Park $138,488 7.8
Perth Orelia $205,571 6.7
Hobart Rokeby $208,550 7.1
Darwin Malak $337,130 6.4
Canberra Farrer $344,091 5.7

Most expensive suburbs

Sydney dominated the list of Australia’s most expensive suburbs, with nine out of the top 10 most expensive suburbs for houses coming from the New South Wales city. The only exception was Peppermint Grove in Western Australia, which came in at number ten.

In the unit market, the top ten were made up of Sydney suburbs.

Top suburbs in Australia for houses:

  1. Point Piper, NSW: 14 sales during the year. Median house value of $6,365,181
  2. Centennial Park, NSW: 16 sales, median house value of $5,387,775
  3. Darling Point, NSW: 15 sales, median house value of $5,045,061
  4. Cremorne Point, NSW: 9 sales during the year. Median house value of $4,527,249
  5. Vaucluse, NSW: 157 sales, median house value of $4,081,711
  6. Woolwich, NSW: 9 sales during the year. Median house value of $4,023,051
  7. Linley Point, NSW: 8 sales, median house value of $3,888,636
  8. Bellevue Hill, NSW: 103 sales, median house value of $3,841,591
  9. Duffys Forest, NSW: 11 sales during the year. Median house value of $3,605,366
  10. Peppermint Grove, WA: 14 sales, median house value of $3,540,186

Top suburbs for houses by capital city:

City Suburb Houses sold Median value
Sydney Point Piper 14 $6,365,181
Melbourne Toorak 208 $3,048,922
Brisbane Teneriffe 35 $1,650,976
Adelaide Unley Park 40 $1,647,257
Perth Peppermint Grove 14 $3,540,186
Hobart Battery Point 24 $901,470
Darwin Larrakeyah 9 $1,114,838
Canberra Forrest 17 $2,005,066

Top suburbs in Australia for units:

  1. Dawes Point, NSW: 15 sales during the year. Median unit value of $2,890,694
  2. Point Piper, NSW: 20 sales, median unit value of $2,002,490
  3. Yowie Bay, NSW: 7 sales, median unit value of $1,726,004
  4. Darling Point, NSW: 94 sales during the year. Median unit value of $1,700,737
  5. Cabarita, NSW: 17 sales during the year. Median unit value of $1,465,004
  6. The Rocks, NSW: 39 sales, median unit value of $1,382,399
  7. Millers Point, NSW: 49 sales, median unit value of $1,346,365
  8. Palm Beach, NSW: 9 sales during the year. Median unit value of $1,319,761
  9. Cremorne Point, NSW: 49 sales, median unit value of $1,240,037
  10. Tamarama, NSW: 15 sales during the year. Median unit value of $1,210,663

Top suburbs for units by capital city:

City Suburb Units sold Median value
Sydney Dawes Point 15 $2,890,694
Melbourne Kooyong 7 $1,047,941
Brisbane Tennyson 18 $1,023,696
Adelaide North Brighton 12 $543,684
Perth Floreat 5 $947,733
Hobart Battery Point 35 $531,563
Darwin Bayview 28 $681,921
Canberra Yarralumla 24 $854,533

If you have any questions and wish to speak to a qualified professional from OpenAgent, please feel free to contact us.

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