Suburbs in four states have recorded quarterly price growths of over 30 per cent, new data has revealed.
According to new figures from CoreLogic RP Data, four of Australia’s eight states and territories have achieved price growth of more than 30 per cent in the quarter ending December 2015.
Topping the list, Victoria’s Shoreham achieved quarterly price growth of 33.31 per cent based on a median house price of $886,500.
Not far behind, with quarterly price growth of 32.62 per cent and a median house price of $877,277, was Tasmanian suburb Battery Point.
South Australian suburb Largs Bay recorded price growth of 32.26 per cent based on a median house price of $517,500.
Last on the list of states with quarterly price growth above 30 per cent was NSW, with suburb Mangrove Mountain achieving growth of 31.85 per cent.
Mangrove Mountain was one of only two suburbs on the list with a median house price over $1 million, recording a median house price of $1,035,000.
Two suburbs achieved quarterly price growth between 20 and 30 per cent:
East Deep Creek, a suburb in Queensland, just missed out on a spot on the list of suburbs with price growth above 30 per cent, recording a growth of 29.66 per cent. This figure is based on a median house price of $382,500.
With a median house price of $965,000, Crawley in Western Australia achieved price growth of 21.38 per cent.
The Northern Territory and ACT were the only locations not to record quarterly price growth over 20 per cent.
Bayview in NT just missed out, with quarterly price growth of 19.4 per cent and a median house price of $1,200,000 – joining Mangrove Mountain as one of only two suburbs on the list with a median house price of over $1 million.
The location that took home the wooden spoon was Florey in ACT, recording quarterly price growth of 14.98 per cent based on a median house price of $595,000.