Suburbs where house prices have grown $100k in 3 months
On the whole, the Australian property boom has slowed considerably in recent times, but there are some locations that have continued to soar to incredible new heights.
In fact, house prices in dozens of suburbs surged well over $100,000 in October through December 2021 when compared to the previous quarter.
Here's a state-by-state look at some of the postcodes that are still experiencing remarkable levels of growth.
New South Wales
After leading the growth charge earlier in 2021, Sydney's house prices have mostly increased at a more moderate level in recent months. Regional NSW, meanwhile, has continued to soar.
The top 10 NSW growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic Coastal destinations have seen the biggest jumps. From Q3 to Q4 last year, the median house price in Kingscliff, just south of Tweed Heads, exploded by $650,000.
Nelson Bay, Long Beach and Warners Bay were also among the waterside suburbs that boomed in the regions.
Five Dock and Ashfield in Sydney's ever-growing Inner West saw a big boost in house values, as did Upper North Shore suburbs Wahroonga, Thornleigh and Marsfield.
Victoria
When it comes to month-on-month growth over the past six months, regional Victoria has far outpaced Melbourne. There are still a number of suburbs in the capital that experienced tremendous gains in Q4 of 2021, though.
The top 10 VIC growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic South of the CBD, the median house price in Brighton rocketed up by $600,000, an increase of more than 20 per cent in a three-month period.
Moving closer to the city centre, Windsor, St Kilda and Caulfield North all experienced growth of close to 30 per cent for the quarter.
Taking a few steps out, Mont Albert North, Deanside and Mont Albert North all shot up too, with Gisborne and McCrae as the only two regional suburbs making the list.
Queensland
While things have been cooling off in Sydney and Melbourne, Brisbane and the rest of South East Queensland has hit a second wind in recent months, demonstrating explosive growth.
The top 10 QLD growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic Many suburbs close to Brisbane's CBD performed exceptionally well in the last quarter of 2021. House prices in Jacaranda-lined Hendra, for example, rose by half a million dollars in the final stretch of last year.
River-adjacent spots like Ascot, Paddington, Morningside and Yeronga also experienced gains of between 25 and 35 per cent for the quarter.
It may come as a surprise that no Sunshine Coast locations cracked the top 10 list, but Palm Beach and Runaway Bay on the Gold Coast show the extent of growth seen in South East Queensland's regional hotspots.
South Australia
Much like Brisbane's newfound second wind, Adelaide has also been experiencing a second boom of sorts over the past few months, with some suburbs turning in massive gains.
The top 10 SA growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic Topping the list is Burnside in Adelaide's eastern outskirts, where house prices have rapidly risen by nearly $450,000.
Remarkably, the median price in Kurralta Park, just southwest of the CBD, has ballooned out by more than 75 per cent to $774,000.
Other big movers are scattered around the city, from the beachside Moana down in Adelaide's south to West Lakes and up to Vale Park in the northeast, so growth isn't being concentrated in any one area.
Western Australia
After a strong start to 2021, the Perth and Western Australian markets hit a relative plateau and growth has been slow ever since. That's not the case for all suburbs, though.
The top 10 WA growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic Cottesloe has led the way for a number of western Perth suburbs by the water including Claremont, Mosman Park and Shenton Park which have all experienced very strong gains over the past quarter.
Just across the Swan River, South Perth and Bicton have also experienced surges in price growth, with South Perth prices in particular booming more than $500,000 from quarter to quarter.
Tasmania
The Tasmanian market has been a focal point of the past year's property boom, and for many locations around the state, the momentum is yet to slow down.
The top 10 TAS growth suburbs when comparing Q3 and Q4 2021 median house prices. Source: CoreLogic Sandy Bay and Lenah Valley were Hobart's top performers for Q4 2021, with nearby regional towns Franklin, Bagdad and Cygnet also experiencing strong gains.
Launceston spots Waverly, Prospect and West Launceston also saw prices driven substantially higher.
Proportionally, though, there was no bigger gain than in Wynyard on the island's north coast, where house values soared by more than 71 per cent for the quarter.