The Aussie suburbs where house prices have doubled since 2017
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It's easy to get caught up in the month-to-month swings in the property market, especially now that rising interest rates are beginning to cool things down.
Zooming out to a longer-term view, though, gives a clearer picture of the remarkable strength of housing in Australia.
As REA Group reported recently, close to 100 suburbs around the country have seen house prices double or even triple in the last five years alone. Did your postcode make the cut?
New South Wales
Australia's most populous state is home to the highest number of suburbs where houses have doubled in value since 2017.
What may come as a surprise is how many of the locations that made the list are in regional NSW. Just two of the 27 highest growth suburbs were within the Sydney metropolitan area.
| Suburb | State | Median sale price 2022 | Median sale price 2017 | Growth | Metro or regional |
|---|---|---|---|---|---|
| Crescent Head | NSW | $1,292,500 | $457,500 | 183% | Regional |
| Bawley Point | NSW | $1,510,000 | $571,000 | 164% | Regional |
| Jindabyne | NSW | $1,360,000 | $527,500 | 158% | Regional |
| Casuarina | NSW | $2,250,000 | $890,000 | 153% | Regional |
| Berridale | NSW | $601,000 | $243,500 | 147% | Regional |
| Evans Head | NSW | $1,200,000 | $495,500 | 142% | Regional |
| Bogangar | NSW | $1,450,000 | $620,000 | 134% | Regional |
| Palm Beach | NSW | $6,380,000 | $2,875,000 | 122% | Metro |
| Box Hill | NSW | $1,100,000 | $502,725 | 119% | Metro |
| Kandos | NSW | $325,000 | $150,000 | 117% | Regional |
| Kingscliff | NSW | $1,857,500 | $855,000 | 117% | Regional |
| Lennox Head | NSW | $1,700,000 | $782,500 | 117% | Regional |
| Bangalow | NSW | $1,870,000 | $860,000 | 117% | Regional |
| Macmasters Beach | NSW | $2,145,000 | $1,000,000 | 115% | Regional |
| Bulli | NSW | $1,830,000 | $850,000 | 115% | Regional |
| Pottsville | NSW | $1,330,000 | $625,000 | 113% | Regional |
| East Ballina | NSW | $1,400,000 | $659,500 | 112% | Regional |
| Byron Bay | NSW | $3,150,000 | $1,500,000 | 110% | Regional |
| Copacabana | NSW | $1,800,000 | $864,000 | 108% | Regional |
| Vincentia | NSW | $1,307,500 | $629,000 | 108% | Regional |
| Millfield | NSW | $755,000 | $365,000 | 107% | Regional |
| Callala Beach | NSW | $1,275,000 | $620,000 | 106% | Regional |
| Terranora | NSW | $1,360,000 | $664,250 | 105% | Regional |
| King Creek | NSW | $1,325,000 | $650,000 | 104% | Regional |
| Suffolk Park | NSW | $2,000,000 | $987,000 | 103% | Regional |
| Caves Beach | NSW | $1,410,000 | $700,000 | 101% | Regional |
| Branxton | NSW | $750,000 | $375,000 | 100% | Regional |
The coastal getaway town of Crescent Head, just north of Port Macquarie, turned in the biggest result for the state, with house prices growing +183 per cent over the five-year period.
Bawley Point, Kingscliffe, Lennox Head, Byron Bay and Macmasters Beach were some of the other waterside hotspots that comfortably doubled in value since 2017.
Moving away from the coast, snowy Jindabyne slotted into the state's top three, boasting a +158 per cent uptick in prices.
Within Sydney, premiere Northern Beaches suburb Palm Beach and Box Hill in the city's northwest were the two biggest movers. Palm Beach houses soared from a median of $2,875,000 to an eye-watering $6,380,000 this year.
Victoria
While NSW's biggest winners were almost exclusively outside of the city, Victoria returned a far more mixed bag when it comes to the metro-regional split.
A total of 25 suburbs made the list for doubling house prices since 2017.
| Suburb | State | Median sale price 2022 | Median sale price 2017 | Growth | Metro or regional |
|---|---|---|---|---|---|
| Aintree | VIC | $748,500 | $275,000 | 172% | Metro |
| Anglesea | VIC | $1,700,000 | $675,500 | 152% | Regional |
| Venus Bay | VIC | $625,000 | $260,000 | 140% | Regional |
| Cape Paterson | VIC | $894,500 | $380,500 | 135% | Regional |
| St Andrews Beach | VIC | $1,830,000 | $790,000 | 132% | Metro |
| Myrtleford | VIC | $570,000 | $252,000 | 126% | Regional |
| North Wonthaggi | VIC | $580,000 | $259,500 | 124% | Regional |
| Somers | VIC | $1,675,000 | $750,000 | 123% | Metro |
| Port Fairy | VIC | $1,025,000 | $468,500 | 119% | Regional |
| Cowes | VIC | $825,000 | $382,750 | 116% | Metro |
| Blairgowrie | VIC | $1,695,000 | $800,500 | 112% | Metro |
| Cape Woolamai | VIC | $818,000 | $390,000 | 110% | Metro |
| Rye | VIC | $1,200,000 | $572,500 | 110% | Metro |
| Winchelsea | VIC | $582,000 | $280,000 | 108% | Regional |
| Millgrove | VIC | $611,000 | $295,000 | 107% | Metro |
| Portsea | VIC | $3,550,000 | $1,713,000 | 107% | Metro |
| Clyde North | VIC | $696,000 | $336,500 | 107% | Metro |
| Inverloch | VIC | $937,000 | $452,500 | 107% | Regional |
| Loch Sport | VIC | $360,000 | $175,000 | 106% | Regional |
| Ventnor | VIC | $862,500 | $420,000 | 105% | Metro |
| Wonthaggi | VIC | $583,000 | $284,000 | 105% | Metro |
| Corinella | VIC | $755,000 | $370,000 | 104% | Metro |
| Coronet Bay | VIC | $575,000 | $285,000 | 102% | Metro |
| Bright | VIC | $968,500 | $478,500 | 102% | Regional |
| Grantville | VIC | $575,000 | $287,500 | 100% | Metro |
Aintree in Melbourne's western outskirts found itself on top of the ladder, moving from a modest median house price of $275,000 in 2017 all the way up to $748,500 five years later—a huge +172 per cent increase.
Anglesea on the south coast below Geelong turned in the best regional result. There, houses soared in value by more than +150 per cent.
St Andrews Beach and Somers were just two of the many spots that exemplified the enduring gains seen around the Mornington Peninsula, growing by +132 and +123 per cent respectively.
Around the rest of the state, Port Fairy on the southwest coast, Winchelsea in the Surf Coast Shire and Inverloch in Gippsland showed there's plenty of regional interest outside of the typical hotspots.
Queensland
There's been a lot of coverage of the incredible heights reached around South East Queensland during this latest property boom, and there are some results here that continue to tell that story.
| Suburb | State | Median sale price 2022 | Median sale price 2017 | Growth | Metro or regional |
|---|---|---|---|---|---|
| Sunshine Beach | QLD | $3,500,000 | $1,125,000 | 211% | Regional |
| Marcoola | QLD | $1,240,000 | $530,000 | 134% | Regional |
| Doonan | QLD | $1,727,500 | $772,500 | 124% | Regional |
| Sunrise Beach | QLD | $1,650,000 | $735,000 | 124% | Regional |
| Minyama | QLD | $1,935,000 | $866,250 | 123% | Regional |
| Cooroibah | QLD | $1,200,000 | $585,000 | 105% | Regional |
| Coolum Beach | QLD | $1,200,000 | $595,000 | 102% | Regional |
| Warana | QLD | $1,260,000 | $627,500 | 101% | Regional |
The ultra-desirable Sunshine Coast is home to all eight of the state's locations where house prices have doubled since 2017.
Sunshine Beach turned in the highest growth of any Australian suburb over the past five years. The rise from $1,125,000 in 2017 to $3,500,000 in 2022 represents a staggering growth rate of +211 per cent for the median house price.
Marcoola houses came close to hitting the $1.25 million mark, up from just $530,000 in 2017, while Doonan, Sunrise Beach and Minyama all grew by nearly +125 per cent.
Cooroibah, Coolum Beach and Warana are the other three suburbs that more than doubled in house price value across the Sunshine Coast.
Tasmania
Given the small size of the island state, it's incredible to see a whopping 26 suburbs across Tasmania experiencing house price gains of up to +156 percent between 2017 and 2022.
| Suburb | State | Median sale price 2022 | Median sale price 2017 | Growth | Metro or regional |
|---|---|---|---|---|---|
| Primrose Sands | TAS | $525,000 | $205,000 | 156% | Regional |
| Queenstown | TAS | $160,000 | $65,000 | 146% | Regional |
| St Leonards | TAS | $522,500 | $220,000 | 138% | Regional |
| Risdon Vale | TAS | $445,000 | $192,000 | 132% | Regional |
| Dodges Ferry | TAS | $652,000 | $280,833 | 132% | Regional |
| Bridgewater | TAS | $400,000 | $177,150 | 126% | Metro |
| Rokeby | TAS | $500,000 | $222,050 | 125% | Metro |
| New Norfolk | TAS | $450,050 | $205,000 | 120% | Regional |
| George Town | TAS | $330,000 | $149,750 | 120% | Regional |
| West Launceston | TAS | $645,000 | $300,000 | 115% | Regional |
| Invermay | TAS | $480,000 | $228,000 | 111% | Regional |
| Bellerive | TAS | $955,000 | $453,500 | 111% | Metro |
| Moonah | TAS | $672,000 | $317,750 | 111% | Metro |
| Montrose | TAS | $652,500 | $309,000 | 111% | Metro |
| Glenorchy | TAS | $595,000 | $285,500 | 108% | Metro |
| South Launceston | TAS | $560,500 | $270,000 | 108% | Regional |
| Lauderdale | TAS | $817,100 | $399,000 | 105% | Metro |
| Taroona | TAS | $1,131,500 | $552,500 | 105% | Metro |
| Berriedale | TAS | $590,000 | $287,500 | 105% | Metro |
| Claremont | TAS | $554,000 | $270,000 | 105% | Metro |
| Scottsdale | TAS | $380,000 | $187,500 | 103% | Regional |
| Kings Meadows | TAS | $518,000 | $255,500 | 103% | Regional |
| Acton | TAS | $307,000 | $152,000 | 102% | Regional |
| Ravenswood | TAS | $305,000 | $152,000 | 101% | Regional |
| Mowbray | TAS | $430,000 | $213,500 | 101% | Regional |
| Geilston Bay | TAS | $760,000 | $377,500 | 101% | Metro |
The highest rate of growth was in Primrose Sands just east of Hobart, where prices shot up from $205,000 to $525,000 in just five years.
11 suburbs within Hobart more than doubled in value; Bridgewater, Rokeby and Bellerive were the pick of the bunch with growth of +126, +125 and +111 per cent respectively.
Launceston also delivered outstanding performance for the state, with St Leonards, Invermay and West Launceston turning in the best results for the regional hub.
Western Australia, ACT and NT
Looking at the rest of the country, every state and territory except South Australia contained at least one suburb where houses doubled in value—and, looking at the way the SA market continues to grow, they may not be far off either.
| Suburb | State | Median sale price 2022 | Median sale price 2017 | Growth | Metro or regional |
|---|---|---|---|---|---|
| Moncrieff | ACT | $960,000 | $318,000 | 202% | Metro |
| Denman Prospect | ACT | $1,265,000 | $460,000 | 175% | Regional |
| Zuccoli | NT | $510,000 | $169,000 | 202% | Regional |
| Nickol | WA | $537,000 | $265,000 | 103% | Regional |
| Bulgarra | WA | $460,000 | $230,000 | 100% | Regional |
Moncrieff in Canberra's north was one of the best performing suburbs in the country, the 2017 median house price of $318,000 being eclipsed by the current value of $960,000.
The ACT's newly developed Denman Prospect also soared by +175 per cent.
Up in the NT, the Palmerston suburb of Zuccoli saw houses triple in value over the five year period.
Looking to the West Coast, Nickol and Bulgarra up in Karratha were Western Australia's highest growth suburbs, with house prices in both locations doubling since 2017.
Note: the above data is sourced from CoreLogic. Median sale price 2017 is the median sale price from 01/05/2016 to 30/04/2017, 2022 is the median sale price from 01/05/2021 to 30/04/2022. A suburb must have had at least 30 sales during both time periods to be included.
