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  • $500k-plus in six months: Australia's rapidly growing suburbs

$500k-plus in six months: Australia's rapidly growing suburbs

Profile photo of Andy Webb

Australia's property markets are off to a strong start in 2024 thanks to interest rate stability and ever-growing demand

There are suburbs in every corner of the country that have delivered exceptional price growth over the past half-year thanks to great market conditions for sellers. 

Here are Australia's top growth suburbs where homes have gained $100,000 in six months — and in many cases, a whole lot more. 

Explore property market stats and trends for any suburb in Australia

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  • Sydney and New South Wales

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  • Melbourne and Victoria

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  • Brisbane and Queensland

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  • Adelaide and South Australia

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  • Perth and Western Australia

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Thinking of selling in 2024?

On the whole, the past year has delivered some amazing growth for homeowners around Australia despite the high interest rate environment, as evidenced by the numbers above. 

It's key to consider, however, that if the median sale price in your suburb has jumped by +20 per cent, that doesn't necessarily mean that your home has grown +20 per cent in value. It may just reflect that more valuable homes have been sold in your market recently. 

Getting a more accurate understanding of how properties like yours are performing in your area will require some research. Look at how similar sold homes have performed in your area to get a better sense of where your property sits in the market. 

Making use of a free online estimation tool, getting a free property report, or speaking to a top local agent to get an appraisal are great ways to get a more tailored view of how your home should be valued in current local conditions.