Hotspots uncovered in 7 states and territories



There is only one state in Australia without a suburb recording quarterly growth above 30 per cent, according to new data.

At least one suburb in every state and territory, other than Queensland, recorded growth above 30 per cent in the quarter ending November 2015, according to CoreLogic RP Data. 

Even then, the Sunshine State only missed out by the most modest of amounts. Its fastest growing suburb, Kandanga, recorded a quarterly growth rate of 29.73 per cent based on a median house price of $350,000.

The best result in the country belonged to Penola, South Australia where house prices recorded 34.88 per cent growth to sit at $276,500.

Box Hill in NSW recorded the second best result, with the median house price growing by 33.87 per cent to sit at $4,150,000.

The Northern Territory ranked third, with the suburb of Bayview achieving growth of 33.33 per cent, with a median house price of $1.2 million.

Koondrook in Victoria recorded quarterly growth of 32.9 per cent to rank fourth-fastest growing suburb in Australia.

That result is based on a median house price of $206,000.

The ACT’s best result was in Forrest, where the median unit price grew by 31.05 per cent over the quarter to sit at $1,002,500.

Albany was Western Australia's standout performer – house prices there grew by 30.91 per cent to sit at $720,000.

With 30.09 per cent growth, based on a median price of $527,500, units in Tasmania’s Battery Point were the Apple Isle’s high achievers.

To see more of the fastest growing suburbs in Australia, click here. 

 

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