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Australia's top growth suburbs of 2024

Profile photo of Andy Webb,  Editorial Writer at OpenAgent

Written by 

Andy Webb.

Learn more about our editorial guidelines.

2024 may have been a bit of a mixed bag for property markets across Australia, with some states flourishing while others held flatter. 

But every suburb tells its own story, and dozens of locations around the country bucked the trend and outperformed, sometimes to a spectacular degree. 

We looked through CoreLogic's Best of the Best report to pinpoint the highest-growth suburbs in every city and state, and some of the results were remarkable.

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  • Sydney and New South Wales

    The Sydney property market had a softer year than some other parts of the country as high interest rates and affordability concerns put downward pressure on prices in our most expensive capital city. 

    That didn't mean there weren't plenty of suburbs that excelled in 2024, though, with well over a dozen achieving double-digit growth in just 12 months. 

    Sydney's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    BonnyriggSouth WestHouse19.0%$1,079,267
    Wiley ParkInner South WestHouse18.5%$1,352,924
    MontereyInner South WestUnit18.3%$886,980
    EmertonBlacktownHouse17.9%$807,690
    Bonnyrigg HeightsSouth WestHouse17.4%$1,172,390
    Mount PritchardSouth WestHouse16.8%$1,089,466
    LansvaleSouth WestHouse16.2%$1,139,382
    TregearBlacktownHouse15.7%$770,793
    St Johns ParkSouth WestHouse15.7%$1,224,412
    Wetherill ParkSouth WestHouse15.5%$1,216,157

    Suburbs in the South West dominated the top 10 list, with Bonnyrigg seeing gains of +19 per cent. 

    The list speaks to the hunt for affordability, with typically lower-priced areas seeing some of the most substantial growth in 2024. 

    Regional NSW had a stronger year in general, again driven by more affordable locations that amped up buyer interest. 

    Regional NSW's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    CorakiRichmond - TweedHouse26.1%$447,343
    South LismoreRichmond - TweedHouse23.9%$382,972
    LismoreRichmond - TweedHouse22.4%$445,817
    Lismore HeightsRichmond - TweedHouse22.0%$479,319
    TerranoraRichmond - TweedHouse20.8%$1,360,010
    Girards HillRichmond - TweedHouse19.8%$456,128
    FigtreeIllawarraUnit19.4%$786,588
    North LismoreRichmond - TweedHouse19.3%$385,044
    BermaguiCapital RegionHouse17.6%$1,006,591
    West AlburyMurrayUnit17.6%$415,449

    The top six spots were all taken out by suburbs in the Richmond - Tweed region, with Coraki taking out the number one spot with annual growth of +26.1 per cent.

    Down Pointer
  • Melbourne and Victoria

    The Melbourne property market struggled in 2024 compared to the rest of the country, recording an overall loss for the year. 

    But the downturn wasn't felt everywhere, with a number of suburbs making comfortable gains. 

    Melbourne's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    ParkvilleInnerUnit10.2%$569,333
    CarltonInnerUnit7.7%$364,298
    SydenhamWestUnit6.7%$504,983
    EumemmerringSouth EastUnit6.0%$529,802
    BalaclavaInnerHouse5.2%$1,463,856
    KewInner EastUnit4.9%$874,055
    WhittleseaNorth EastUnit4.7%$461,121
    BeaconsfieldSouth EastHouse4.5%$1,048,334
    PearcedaleSouth EastHouse4.3%$982,976
    SunburyNorth WestUnit4.3%$489,726

    The top 10 list was dominated by unit markets, with some in the city's inner ring performing particularly well. 

    Parkville units broke through a +10 per cent uptick for the year, while Balaclava saw the highest growth for houses at +5.2 per cent. 

    Looking regionally, there were a handful of suburbs across the state that delivered very strong growth and bucked the trend. 

    Regional VIC's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    RochesterSheppartonHouse12.5%$334,574
    Red CliffsNorth WestHouse11.3%$358,034
    TaturaSheppartonHouse11.0%$499,265
    MerbeinNorth WestHouse9.5%$337,673
    KiallaSheppartonHouse8.0%$706,777
    SheppartonSheppartonUnit8.0%$351,123
    RutherglenHumeHouse7.5%$517,057
    MooroopnaSheppartonUnit7.1%$325,629
    IrympleNorth WestHouse6.9%$621,414
    MooroopnaSheppartonHouse6.5%$394,792

    The Shepparton region in the state's north took the lion's share of gains, with houses in Rochester and Tatura both hitting double-digit growth in 2024.

    Down Pointer
  • Brisbane and Queensland

    As one of the three star capital cities of 2024 when it comes to price growth, it's not surprising that Brisbane's list of top movers is an impressive one. 

    In fact, a number of the entire country's top growth suburbs could be found in the Sunshine State. 

    Brisbane's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    LoganleaLogan - BeaudesertUnit43.4%$556,086
    BethaniaLogan - BeaudesertUnit43.1%$517,609
    Waterford WestLogan - BeaudesertUnit42.4%$438,011
    North BoovalIpswichUnit39.5%$529,927
    Shailer ParkLogan - BeaudesertUnit38.3%$564,365
    WaterfordLogan - BeaudesertUnit36.0%$541,487
    Logan CentralLogan - BeaudesertUnit32.8%$390,063
    KingstonLogan - BeaudesertUnit32.6%$502,130
    GoodnaIpswichUnit32.3%$380,532
    RedbankIpswichUnit30.5%$514,168

    What may come as a surprise, though, is that the list was locked out by unit markets as Queensland buyers seemed to embrace higher-density living. 

    The biggest growth was seen in Brisbane's satellite cities of Logan and Ipswich, with units in Loganlea taking first place with incredible gains of +43.4 per cent over 2024. 

    Regional Queensland took one step further, delivering growth of a pretty unbelievable level. 

    Regional QLD's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    Dolphin HeadsMackay - Isaac - WhitsundayUnit52.8%$224,429
    East MackayMackay - Isaac - WhitsundayUnit49.6%$350,448
    West EndTownsvilleUnit42.0%$348,306
    Railway EstateTownsvilleUnit41.9%$372,882
    South MackayMackay - Isaac - WhitsundayUnit36.6%$344,447
    RasmussenTownsvilleHouse35.9%$456,080
    ToolooaCentral QueenslandHouse35.6%$425,800
    Blacks BeachMackay - Isaac - WhitsundayUnit35.1%$413,973
    AitkenvaleTownsvilleUnit35.0%$362,095
    Barney PointCentral QueenslandHouse34.6%$383,567

    Units again were the highest achievers on this year's list, with the state's north showing huge progress. Dolphin Heads, just north of Mackay, saw extraordinary growth of +52.8 per cent in just 12 months.

    Down Pointer
  • Adelaide and South Australia

    Adelaide was another overachiever in 2024, continuing a years-long run of positivity that launched after the onset of the pandemic. 

    As prices have risen dramatically in the South Australian capital over recent years, the push for affordability once again saw buyers zeroing in on units. 

    Adelaide's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    Salisbury EastAdelaide - NorthUnit40.2%$445,872
    EdwardstownAdelaide - SouthUnit35.5%$585,027
    HoveAdelaide - SouthUnit35.0%$708,432
    South PlymptonAdelaide - SouthUnit34.3%$572,118
    BrightonAdelaide - SouthUnit32.2%$755,839
    Ascot ParkAdelaide - SouthUnit32.2%$602,440
    WarradaleAdelaide - SouthUnit32.2%$647,077
    SalisburyAdelaide - NorthUnit30.8%$418,756
    Oaklands ParkAdelaide - SouthUnit29.4%$607,513
    ParalowieAdelaide - NorthUnit27.3%$459,381

    The highest movers were split between the city's north and south. Units in Salisbury East took the prize for 2024, with prices surging by more than +40 per cent. 

    Regional South Australia, while not quite as drastic as the capital, still performed very well in plenty of locations.

    Regional SA's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    ArdrossanBarossa - Yorke - Mid NorthHouse22.5%$476,413
    MaitlandBarossa - Yorke - Mid NorthHouse20.3%$411,276
    North BeachBarossa - Yorke - Mid NorthHouse19.4%$595,890
    WaikerieSouth EastHouse19.3%$344,909
    Murray BridgeSouth EastHouse18.7%$461,655
    Port Pirie SouthBarossa - Yorke - Mid NorthHouse18.6%$283,274
    WallarooBarossa - Yorke - Mid NorthHouse18.5%$472,685
    MannumSouth EastHouse18.3%$479,647
    NuriootpaBarossa - Yorke - Mid NorthHouse17.7%$645,726
    SolomontownBarossa - Yorke - Mid NorthHouse17.6%$232,163

    The broader Barossa/Yorke/Mid North region was the biggest hit of the year. Houses in Ardossan and Maitland both breached the +20 per cent mark for annual gains, with more locations not far behind.

    Down Pointer
  • Perth and Western Australia

    The star of Australian property in 2024 was undoubtedly Perth, where prices rose almost +20 per cent over the year. 

    In many cases, that number was far higher, particularly in more affordable pockets that saw buyers flocking to get in on the action. 

    Perth's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    ArmadalePerth - South EastUnit45.6%$484,906
    Dudley ParkMandurahUnit43.5%$426,790
    BalgaPerth - North WestUnit37.6%$592,495
    BellevuePerth - North EastHouse36.9%$674,768
    KelmscottPerth - South EastUnit36.5%$437,577
    Halls HeadMandurahUnit35.1%$566,248
    BalgaPerth - North WestHouse35.0%$619,885
    NorandaPerth - North EastUnit34.4%$497,820
    WaikikiPerth - South WestUnit34.4%$493,101
    Osborne ParkPerth - North WestUnit34.2%$476,845

    Perth's top 10 for the year was spread across the city but was dominated by units. The price of a flat in Armadale shot up by +45.6 per cent in 12 months, making it the standout suburb in a city full of overperformers. 

    WA's regional markets also had a very strong year, with at least a dozen suburbs breaking +30 per cent growth in 2024. 

    Regional WA's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    BeachlandsOutback (South)House38.4%$391,659
    BeverleyWheat BeltHouse35.6%$397,288
    South BunburyBunburyUnit34.4%$509,168
    WonthellaOutback (South)House34.2%$391,658
    KarlooOutback (South)House33.5%$306,675
    RangewayOutback (South)House32.7%$303,487
    Sunset BeachOutback (South)House32.6%$526,860
    NulsenOutback (South)House32.5%$378,437
    GeraldtonOutback (South)Unit32.4%$315,706
    KellerberrinWheat BeltHouse32.1%$207,768

    Top billing went to Beachlands in Geraldton with gains of +38.4 per cent, though Beverley, South Bunbury and Wonthella were all very close behind.

    Down Pointer
  • Hobart and Tasmania

    Hobart saw historic levels of growth during the 2021 boom as Tasmania became one of the nation's most appealing property hotspots. 

    While 2024 was a much flatter year for the island state, a few suburbs still got a significant boost over the 12 month period. 

    Hobart's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    MoonahHobartHouse9.2%$633,985
    BelleriveHobartUnit8.9%$580,167
    Primrose SandsHobartHouse7.4%$535,906
    LindisfarneHobartUnit5.6%$540,301
    HowrahHobartUnit4.8%$586,538
    Risdon ValeHobartHouse4.7%$467,823
    CarltonHobartHouse4.2%$631,240
    LindisfarneHobartHouse4.0%$749,247
    KingstonHobartUnit2.8%$563,288
    Geilston BayHobartHouse2.6%$682,639

    There were three standout spots in Hobart for growth last year: Moonah, Bellerive, and Primrose Sands, all clocking up gains well in excess of the city's median growth. 

    Regional Tasmania performed even better than the capital, though, with a bunch of double-digit growth suburbs. 

    Regional TAS's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    ParklandsWest and North WestHouse16.3%$506,410
    Park GroveWest and North WestHouse12.1%$551,958
    LatrobeWest and North WestUnit11.9%$432,415
    MontelloWest and North WestHouse11.5%$428,585
    UlverstoneWest and North WestHouse10.9%$503,716
    NewsteadLaunceston and North EastHouse10.5%$722,360
    RavenswoodLaunceston and North EastHouse10.4%$370,250
    ActonWest and North WestHouse10.0%$384,335
    LauncestonLaunceston and North EastUnit9.3%$515,117
    NorwoodLaunceston and North EastHouse9.2%$629,200

    Houses in Parklands to the state's northwest saw the biggest spike, gaining +16.3 per cent over the year.

    Down Pointer
  • Darwin and the Northern Territory

    Darwin also had a relatively slow year in 2024. Some months were up, others were down, but on the whole the city's median property price hovered around in the flat-to-slightly-positive area.

    That wasn't the case for every suburb, though, with the top 10 for 2024 including some particularly strong performances. 

    NT's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    WoodroffeDarwinHouse9.0%$438,311
    JohnstonDarwinHouse8.4%$630,230
    GrayDarwinHouse7.0%$396,319
    MouldenDarwinHouse6.9%$392,008
    BellamackDarwinHouse6.2%$605,519
    Howard SpringsDarwinHouse5.4%$696,236
    NightcliffDarwinUnit5.3%$358,269
    GunnDarwinHouse5.0%$531,634
    Stuart ParkDarwinUnit4.1%$425,434
    RoseberyDarwinHouse3.5%$583,625

    Houses in Woodroffe, an inner-city suburb of Palmerston, came out on top with very sold gains of +9 per cent over the 12 month period, with Johnston, Gray and Moulden not far behind.

    Down Pointer
  • Canberra and the Australian Capital Territory

    Like the other smaller capitals, Canberra's property market was relatively soft in 2024, ending the year with a very slight decrease in prices overall. 

    A good number of suburbs went against the grain, though, delivering strong results. 

    ACT's top growth suburbs of 2024

    SuburbRegionProperty typeAnnual ChangeMedian Value
    WhitlamACTHouse12.6%$1,106,780
    GowrieACTHouse8.1%$1,012,806
    CampbellACTHouse6.5%$2,007,223
    GiralangACTHouse6.5%$882,184
    ChisholmACTHouse4.9%$810,671
    Denman ProspectACTHouse4.8%$1,190,562
    BonythonACTHouse4.7%$938,634
    ConderACTHouse4.6%$918,748
    CookACTHouse4.6%$1,022,419
    TheodoreACTHouse4.5%$800,775

    Houses in Whitlam soared +12.6 per cent annually, Gowrie homes got an +8.1 per cent boost, and both Campbell and Giralang got a very tidy +6.5 per cent uptick in prices.

    Down Pointer

Thinking of selling in 2025?

If you're considering getting in on the action this year, it's important to be as prepared as possible in order to cut through the competition and achieve a standout result. 

Step 1: Understanding how your market is performing

Every market is different, and understanding your local market is fundamental to making the right selling decisions. Our guide to tracking market trends and data will help you to get a clear picture of how your market is performing and how that impacts you as a seller. 

Step 2: Know what your property might be worth

Getting a free home value estimate is a great way to set a foundation for your selling expectations and begin planning the path forward.

Step 3: Get a no-obligation market appraisal from a top real estate agent

Understand what your property could sell for in the current market by speaking to the top-performing agents in your suburb. Comparing top agents in your area will help you find the perfect partner for your selling journey and move towards a successful result.

Step 4: Finally, get your property listing-ready

Taking a thorough approach to preparing your home for sale is another critical step. From cleaning, decluttering, painting and performing other cosmetic renovations to home staging, photography and marketing, getting your property to sale-ready condition is a must.

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