Australia's top growth suburbs of 2024

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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
Suburb Region Property type Annual Change Median Value Bonnyrigg South West House 19.0% $1,079,267 Wiley Park Inner South West House 18.5% $1,352,924 Monterey Inner South West Unit 18.3% $886,980 Emerton Blacktown House 17.9% $807,690 Bonnyrigg Heights South West House 17.4% $1,172,390 Mount Pritchard South West House 16.8% $1,089,466 Lansvale South West House 16.2% $1,139,382 Tregear Blacktown House 15.7% $770,793 St Johns Park South West House 15.7% $1,224,412 Wetherill Park South West House 15.5% $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
Suburb Region Property type Annual Change Median Value Coraki Richmond - Tweed House 26.1% $447,343 South Lismore Richmond - Tweed House 23.9% $382,972 Lismore Richmond - Tweed House 22.4% $445,817 Lismore Heights Richmond - Tweed House 22.0% $479,319 Terranora Richmond - Tweed House 20.8% $1,360,010 Girards Hill Richmond - Tweed House 19.8% $456,128 Figtree Illawarra Unit 19.4% $786,588 North Lismore Richmond - Tweed House 19.3% $385,044 Bermagui Capital Region House 17.6% $1,006,591 West Albury Murray Unit 17.6% $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.
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
Suburb Region Property type Annual Change Median Value Parkville Inner Unit 10.2% $569,333 Carlton Inner Unit 7.7% $364,298 Sydenham West Unit 6.7% $504,983 Eumemmerring South East Unit 6.0% $529,802 Balaclava Inner House 5.2% $1,463,856 Kew Inner East Unit 4.9% $874,055 Whittlesea North East Unit 4.7% $461,121 Beaconsfield South East House 4.5% $1,048,334 Pearcedale South East House 4.3% $982,976 Sunbury North West Unit 4.3% $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
Suburb Region Property type Annual Change Median Value Rochester Shepparton House 12.5% $334,574 Red Cliffs North West House 11.3% $358,034 Tatura Shepparton House 11.0% $499,265 Merbein North West House 9.5% $337,673 Kialla Shepparton House 8.0% $706,777 Shepparton Shepparton Unit 8.0% $351,123 Rutherglen Hume House 7.5% $517,057 Mooroopna Shepparton Unit 7.1% $325,629 Irymple North West House 6.9% $621,414 Mooroopna Shepparton House 6.5% $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.
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
Suburb Region Property type Annual Change Median Value Loganlea Logan - Beaudesert Unit 43.4% $556,086 Bethania Logan - Beaudesert Unit 43.1% $517,609 Waterford West Logan - Beaudesert Unit 42.4% $438,011 North Booval Ipswich Unit 39.5% $529,927 Shailer Park Logan - Beaudesert Unit 38.3% $564,365 Waterford Logan - Beaudesert Unit 36.0% $541,487 Logan Central Logan - Beaudesert Unit 32.8% $390,063 Kingston Logan - Beaudesert Unit 32.6% $502,130 Goodna Ipswich Unit 32.3% $380,532 Redbank Ipswich Unit 30.5% $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
Suburb Region Property type Annual Change Median Value Dolphin Heads Mackay - Isaac - Whitsunday Unit 52.8% $224,429 East Mackay Mackay - Isaac - Whitsunday Unit 49.6% $350,448 West End Townsville Unit 42.0% $348,306 Railway Estate Townsville Unit 41.9% $372,882 South Mackay Mackay - Isaac - Whitsunday Unit 36.6% $344,447 Rasmussen Townsville House 35.9% $456,080 Toolooa Central Queensland House 35.6% $425,800 Blacks Beach Mackay - Isaac - Whitsunday Unit 35.1% $413,973 Aitkenvale Townsville Unit 35.0% $362,095 Barney Point Central Queensland House 34.6% $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.
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
Suburb Region Property type Annual Change Median Value Salisbury East Adelaide - North Unit 40.2% $445,872 Edwardstown Adelaide - South Unit 35.5% $585,027 Hove Adelaide - South Unit 35.0% $708,432 South Plympton Adelaide - South Unit 34.3% $572,118 Brighton Adelaide - South Unit 32.2% $755,839 Ascot Park Adelaide - South Unit 32.2% $602,440 Warradale Adelaide - South Unit 32.2% $647,077 Salisbury Adelaide - North Unit 30.8% $418,756 Oaklands Park Adelaide - South Unit 29.4% $607,513 Paralowie Adelaide - North Unit 27.3% $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
Suburb Region Property type Annual Change Median Value Ardrossan Barossa - Yorke - Mid North House 22.5% $476,413 Maitland Barossa - Yorke - Mid North House 20.3% $411,276 North Beach Barossa - Yorke - Mid North House 19.4% $595,890 Waikerie South East House 19.3% $344,909 Murray Bridge South East House 18.7% $461,655 Port Pirie South Barossa - Yorke - Mid North House 18.6% $283,274 Wallaroo Barossa - Yorke - Mid North House 18.5% $472,685 Mannum South East House 18.3% $479,647 Nuriootpa Barossa - Yorke - Mid North House 17.7% $645,726 Solomontown Barossa - Yorke - Mid North House 17.6% $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.
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
Suburb Region Property type Annual Change Median Value Armadale Perth - South East Unit 45.6% $484,906 Dudley Park Mandurah Unit 43.5% $426,790 Balga Perth - North West Unit 37.6% $592,495 Bellevue Perth - North East House 36.9% $674,768 Kelmscott Perth - South East Unit 36.5% $437,577 Halls Head Mandurah Unit 35.1% $566,248 Balga Perth - North West House 35.0% $619,885 Noranda Perth - North East Unit 34.4% $497,820 Waikiki Perth - South West Unit 34.4% $493,101 Osborne Park Perth - North West Unit 34.2% $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
Suburb Region Property type Annual Change Median Value Beachlands Outback (South) House 38.4% $391,659 Beverley Wheat Belt House 35.6% $397,288 South Bunbury Bunbury Unit 34.4% $509,168 Wonthella Outback (South) House 34.2% $391,658 Karloo Outback (South) House 33.5% $306,675 Rangeway Outback (South) House 32.7% $303,487 Sunset Beach Outback (South) House 32.6% $526,860 Nulsen Outback (South) House 32.5% $378,437 Geraldton Outback (South) Unit 32.4% $315,706 Kellerberrin Wheat Belt House 32.1% $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.
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
Suburb Region Property type Annual Change Median Value Moonah Hobart House 9.2% $633,985 Bellerive Hobart Unit 8.9% $580,167 Primrose Sands Hobart House 7.4% $535,906 Lindisfarne Hobart Unit 5.6% $540,301 Howrah Hobart Unit 4.8% $586,538 Risdon Vale Hobart House 4.7% $467,823 Carlton Hobart House 4.2% $631,240 Lindisfarne Hobart House 4.0% $749,247 Kingston Hobart Unit 2.8% $563,288 Geilston Bay Hobart House 2.6% $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
Suburb Region Property type Annual Change Median Value Parklands West and North West House 16.3% $506,410 Park Grove West and North West House 12.1% $551,958 Latrobe West and North West Unit 11.9% $432,415 Montello West and North West House 11.5% $428,585 Ulverstone West and North West House 10.9% $503,716 Newstead Launceston and North East House 10.5% $722,360 Ravenswood Launceston and North East House 10.4% $370,250 Acton West and North West House 10.0% $384,335 Launceston Launceston and North East Unit 9.3% $515,117 Norwood Launceston and North East House 9.2% $629,200 Houses in Parklands to the state's northwest saw the biggest spike, gaining +16.3 per cent over the year.
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
Suburb Region Property type Annual Change Median Value Woodroffe Darwin House 9.0% $438,311 Johnston Darwin House 8.4% $630,230 Gray Darwin House 7.0% $396,319 Moulden Darwin House 6.9% $392,008 Bellamack Darwin House 6.2% $605,519 Howard Springs Darwin House 5.4% $696,236 Nightcliff Darwin Unit 5.3% $358,269 Gunn Darwin House 5.0% $531,634 Stuart Park Darwin Unit 4.1% $425,434 Rosebery Darwin House 3.5% $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.
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
Suburb Region Property type Annual Change Median Value Whitlam ACT House 12.6% $1,106,780 Gowrie ACT House 8.1% $1,012,806 Campbell ACT House 6.5% $2,007,223 Giralang ACT House 6.5% $882,184 Chisholm ACT House 4.9% $810,671 Denman Prospect ACT House 4.8% $1,190,562 Bonython ACT House 4.7% $938,634 Conder ACT House 4.6% $918,748 Cook ACT House 4.6% $1,022,419 Theodore ACT House 4.5% $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.
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.