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Australia’s best-performing suburbs this year? They’re all in Perth – and there’s standout winner
Australia’s best-performing suburbs this year? They’re all in Perth – and there’s standout winner 12 December 2024 Matthew Hughes FEATURED IN: The Age The Sydney Morning Herald JOURNALIST: Sarah Brookes Dec 12, 2024 Perth has dominated a national list of best-performing suburbs, taking out all top 10 spots for the strongest growth in house values, with all suburbs delivering growth of 30 per cent or above over the year. CoreLogic’s Best of the Best report for 2024 revealed growth conditions varied significantly across the country, with annual value changes ranging from a 2.3 per cent decline in Melbourne to a 21 per cent rise in Perth. Almost every market in Perth has recorded gains this year. Credit: Moment RF CoreLogic head of research Eliza Owen said buyers responded to elevated interest rates and affordability challenges by flocking to more affordable segments of the market on Perth’s fringe. “The top growth house markets were all located in Perth, and half of the suburbs had a median house value below $661,000, which is the 25th percentile house value nationally,” she said. “The top growth unit markets were located across Perth, Brisbane and Adelaide, and each of the top 10 ha
FEATURED IN: The Age The Sydney Morning Herald JOURNALIST: Sarah Brookes Dec 12, 2024 Perth… Read Article