The country’s best-performing suburbs have defied the market’s downward trend over the past 12 months, according to Domain’s June quarter house price report.
Mount Pleasant was at the top growth spot in the country, with its median house price increasing 26.5% in the 12 months to June 2019, according to the report.
Brisbane’s Chelmer suburb experienced a 25.5% rise in median house value, the figures showed.
Other suburbs with strong growth included the wealthy Sydney suburb of Vaucluse, Wallaroo in South Australia, Tasmania’s East Devonport, and Wonthaggi in Gippsland, Victoria, the report showed.
Here are the best performing suburbs in the country for houses with their year-on-year increase:
For units, Noosa Heads on the Sunshine Coast was the top-performing suburb, with apartment median price increasing 24.8%, according to the report.
The median price for units in Blackburn, Victoria, rose 24.4%, while the median price for apartments in Broadbeach Waters on the Gold Coast climbed 19.8%, the figures showed.
Here are the top-performing suburbs for units and their year-on-year growth:
Source: Your Investment Property 7th August 2019 https://www.yourinvestmentpropertymag.com.au/news/the-bestperforming-suburbs-in-australia-265138.aspx?utm_source=GA&utm_medium=20190806&utm_campaign=YIP-Newsletter-Opener&utm_content=FB30EBA4-A343-4537-A961-B966FABA4B8F&tu=FB30EBA4-A343-4537-A961-B966FABA4B8F