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‘Enormous increases’: The 77 suburbs where prices rose more than $300k in a year

2026-09-30 02:30
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Prices in these areas have climbed significantly higher in the past year, bucking the wider trend as much of the market pulls back.New data from realestate.com.au has uncovered scores of suburbs where...

Prices in these areas have climbed significantly higher in the past year, bucking the wider trend as much of the market pulls back.

New data from realestate.com.au has uncovered scores of suburbs where prices have surged by hundreds of thousands of dollars in just a year. 

There were 77 suburbs where median house or unit prices increased by more than $300,000 in the past 12 months, the data shows, contrasting with slower conditions seen across many markets.

The list includes once-affordable suburbs where strong demand has pushed prices beyond the million-dollar mark, as well premium markets where even modest growth can result in big dollar gains.

The outstanding price gains in these suburbs came despite a series of interest rate rises and property tax changes that have upended home price growth across much of Australia.

In 47 of these suburbs, median sale prices increased by the equivalent of at least $1000 per day – more than three times what the average adult worker earns from their job.

Pricey suburbs of Sydney, such as Manly on the northern beaches, recorded some of the largest increases in median house prices in the past year. Picture: Getty


The suburbs with the largest dollar increases were concentrated in NSW and Western Australia, but there were different reasons these areas topped the list, according to realestate.com.au senior economist Eleanor Creagh.

"In Sydney, many of the biggest gains are in already high value prestige markets,” she said.

"When you are dealing with multi million dollar markets, even modest percentage movements can translate into substantial changes in dollar terms.”

Suburbs where property prices rose $300,000 or more - NSW

Source: realestate.com.au
SuburbStateRegion (SA4)Property type Median sale price12-month change ($)
Dover HeightsNSWSydney - Eastern SuburbsHouse$8,500,000$1,550,000
Rose BayNSWSydney - Eastern SuburbsHouse$6,450,000$1,180,000
ClovellyNSWSydney - Eastern SuburbsHouse$6,710,000$1,060,000
LuddenhamNSWSydney - Outer West and Blue MountainsHouse$3,100,000$1,050,000
CoogeeNSWSydney - Eastern SuburbsHouse$4,950,000$700,000
CremorneNSWSydney - North Sydney and HornsbyHouse$3,975,000$540,000
FairlightNSWSydney - Northern BeachesHouse$4,115,000$490,000
ManlyNSWSydney - Northern BeachesHouse$5,012,500$460,000
BurraneerNSWSydney - SutherlandHouse$3,800,000$450,000
Suffolk ParkNSWRichmond - TweedHouse$2,250,000$420,000
North BondiNSWSydney - Eastern SuburbsHouse$5,310,000$410,000
Menangle ParkNSWSydney - Outer South WestHouse$1,250,000$382,500
Byron BayNSWRichmond - TweedHouse$2,870,000$370,000
LindfieldNSWSydney - North Sydney and HornsbyHouse$4,240,000$360,000
NorthbridgeNSWSydney - North Sydney and HornsbyHouse$5,300,000$350,000
RosevilleNSWSydney - North Sydney and HornsbyHouse$4,284,000$339,500
BelfieldNSWSydney - Inner South WestHouse$2,335,000$330,000
EastlakesNSWSydney - City and Inner SouthHouse$2,300,000$327,500
North ParramattaNSWSydney - ParramattaHouse$1,970,000$320,000
 
ConcordNSWSydney - Inner WestUnit$1,450,000$505,000
Little BayNSWSydney - Eastern SuburbsUnit$1,648,000$428,000
Cremorne PointNSWSydney - North Sydney and HornsbyUnit$2,150,000$400,000
Kurraba PointNSWSydney - North Sydney and HornsbyUnit$1,760,000$340,000

Dover Heights in Sydney’s east recorded the largest increase, with the median house sale price rising by around $1.55 million in the past 12 months to $8.5 million.

In nearby Rose Bay, the median house price increased by about $1.18 million, while prices in Clovelly rose by $1.06 million.

Outside of Sydney, Byron Bay and nearby Suffolk Park had median price rises of $370,000 and $420,000 respectively.

This five-bedroom Byron Bay house recently sold for $4.1 million, underscoring the resillience in the local market, where the median house price is $370,000 higher than a year ago. Picture: realestate.com.au/sold


Meanwhile, some of Perth’s priciest suburbs also had significant house price growth.

City Beach recorded an increase of almost $1 million, while Dalkeith, Bicton, Mosman Park, Trigg and North Beach also recorded very large gains.

However, the list also included many less-expensive suburbs across Perth such as Yokine, Jandakot and Roleystone, where values rose by more than $300,000 despite median prices in these suburbs remaining below $1.5 million.

Suburbs where property prices rose $300,000 or more - WA

Source: realestate.com.au
SuburbStateRegion (SA4)Property type Median sale price12-month change ($)
City BeachWAPerth - InnerHouse$4,100,000$990,000
DalkeithWAPerth - InnerHouse$4,325,000$769,000
BictonWAPerth - South WestHouse$2,220,000$665,000
Mosman ParkWAPerth - InnerHouse$2,910,000$660,000
TriggWAPerth - North WestHouse$2,900,000$600,000
North BeachWAPerth - North WestHouse$2,150,000$520,000
NedlandsWAPerth - InnerHouse$2,850,000$475,000
SorrentoWAPerth - North WestHouse$2,062,500$442,500
Mount LawleyWAPerth - InnerHouse$2,000,000$419,000
North FremantleWAPerth - South WestHouse$2,050,000$416,250
AttadaleWAPerth - South WestHouse$2,257,500$412,500
KallarooWAPerth - North WestHouse$1,550,000$400,000
Mount PleasantWAPerth - South WestHouse$2,300,000$400,000
ShelleyWAPerth - South EastHouse$2,050,000$390,000
South PerthWAPerth - South EastHouse$2,375,000$390,000
ParkervilleWAPerth - North EastHouse$1,465,000$384,000
West LeedervilleWAPerth - InnerHouse$2,173,750$383,750
SubiacoWAPerth - InnerHouse$2,217,000$367,000
CottesloeWAPerth - InnerHouse$3,550,000$345,000
JandakotWAPerth - South WestHouse$1,485,000$332,500
HillarysWAPerth - North WestHouse$1,750,000$330,000
YokineWAPerth - North WestHouse$1,330,000$327,500
InglewoodWAPerth - InnerHouse$1,650,000$325,000
MelvilleWAPerth - South WestHouse$1,715,000$315,000
RoleystoneWAPerth - South EastHouse$1,270,000$305,000
WilsonWAPerth - South EastHouse$1,160,000$302,000
FloreatWAPerth - InnerHouse$2,500,500$300,500
CarineWAPerth - North WestHouse$1,700,000$300,000
 
FloreatWAPerth - InnerUnit$1,430,000$554,500
ApplecrossWAPerth - South WestUnit$1,320,000$322,000

More than a third of the Australian suburbs where prices rose more than $300,000 were in Perth, which Ms Creagh said was a result of the broad-based strength in the Perth market recently.

“Western Australia has the largest number of suburbs on the list, reflecting just how strong Perth’s housing market has been over the past year,” Ms Creagh said.

“Strong population growth, relatively tight housing supply and the considerable improvement in WA housing values over recent years have pushed a growing number of Perth suburbs into much higher price brackets.”

This mid-century style home in City Beach in Perth's west sold for $5.65 million. The median house price in City Beach is almost $1 million higher than a year ago. Picture: realestate.com.au/sold


In Queensland, the inner city suburb of West End had the biggest median price increase, rising by $455,000.

Gains of more than $300,000 in suburbs in Brisbane’s inner west such as Fig Tree Pocket, Indooroopilly and Paddington have pushed median prices firmly into the $2 million range.

Suburbs where property prices rose $300,000 or more - QLD

Source: realestate.com.au
SuburbStateRegion (SA4)Property type Median sale price12-month change ($)
West EndQLDBrisbane Inner CityHouse$2,250,000$455,000
NundahQLDBrisbane - NorthHouse$1,720,000$420,000
Fig Tree PocketQLDBrisbane - WestHouse$2,200,000$389,500
AscotQLDBrisbane Inner CityHouse$2,937,500$387,500
Surfers ParadiseQLDGold CoastHouse$2,130,000$380,000
Mermaid WatersQLDGold CoastHouse$2,363,000$363,000
PaddingtonQLDBrisbane Inner CityHouse$2,400,000$362,000
CorindaQLDBrisbane - WestHouse$1,598,000$360,500
East ToowoombaQLDToowoombaHouse$1,280,000$357,500
BundallQLDGold CoastHouse$2,450,000$350,000
RobertsonQLDBrisbane - SouthHouse$2,600,000$350,000
ManlyQLDBrisbane - EastHouse$1,970,000$345,000
Twin WatersQLDSunshine CoastHouse$1,925,000$325,000
IndooroopillyQLDBrisbane - WestHouse$2,020,000$310,000
Currumbin WatersQLDGold CoastHouse$1,710,000$300,000
Noosa HeadsQLDSunshine CoastUnit$2,150,000$300,000

Real estate agent Alex Jordan of McGrath Paddington said the main demographic moving to the area was families with school age children.

“One of the biggest drivers in the inner west is the catchments for primary and secondary schools, as well as the University of Queensland” he said. 

“The education precinct of Queensland is in the inner western suburbs, and that attracts academics and successful businesspeople.”

“It’s quite green, leafy and well-established. There’s decent transport options with buses, trains and ferries. It gives families a good overall lifestyle experience.”

Fig Tree Pocket was one of several suburbs in Brisbane's west where prices rose significantly in the past year. This five-bedroom house in the suburb sold for $2.95 million earlier this year. Picture: realestate.com.au/sold


Mr Jordan said the education opportunities also drove strong interest from buyers moving to Brisbane from other states or countries.

“In the spring selling season you get a lot of expat or interstate activity because they're trying to get established before the school term starts at the end of January.”

“In the last few months we've seen buyers move from Melbourne, Sydney, Canberra, Singapore, and the US.”

Despite strong growth over the past year, Mr Jordan said conditions had softened in the past three to six months, but demand remained strong.

“What someone would have had to pay six months ago, you could buy better today,” he said. “But supply and demand is still in favour of the seller. There’s a buyer pool waiting for the right property to come up.”

Suburbs where property prices rose $300,000 or more - ACT, SA & VIC

SuburbStateRegion (SA4)Property type Median sale price12-month change ($)
GriffithACTAustralian Capital TerritoryHouse$2,605,000$532,000
DeakinACTAustralian Capital TerritoryHouse$2,202,500$397,500
MalvernSAAdelaide - Central and HillsHouse$2,605,000$405,000
StirlingSAAdelaide - Central and HillsHouse$1,800,000$399,000
Somerton ParkSAAdelaide - SouthHouse$2,250,000$390,000
PaynehamSAAdelaide - Central and HillsHouse$1,352,000$387,000
Devon ParkSAAdelaide - WestHouse$1,100,000$320,000
Middle ParkVICMelbourne - InnerHouse$3,062,500$512,500

Adelaide’s top gainers included Malvern, Somerton Park and Stirling, which are among the priciest suburbs in the city.

Somerton Park has had strong, steady growth for the past several years, driven by demand from buyers seeking a foothold in the desirable coastal pocket, according to local real estate agent and Allan Real Estate director Brad Allan.

“You’ve got all the convenience of Glenelg only five minutes away, but it's a little bit quieter, and a bit more residential with bigger allotment sizes,” he said.

“You’re getting aspirational buyers purchasing land for $2 to $3 million to build dream homes.

“Some of those properties that have been built over the past five or 10 years are now back on the market and have seen huge price increases.”

New builds in Somerton Park have capitalised on the premium location, helping lift the suburb's median house price by $390,000. This brand new four-bedroom home recently sold for $2.1 million. Picture: realestate.com.au/sold


Despite a quieter market and less investor demand, prices in Somerton Park hadn’t yet pulled back, Mr Allan said.

“The higher end still seems buoyant,” he said. “If people want to get in there, they’re still spending the money.”

Only one Victorian suburb had a median price gain of more than $300,000 – Middle Park in Melbourne’s south, which is one of the city’s priciest suburbs. 

Middle Park, where this four-bedroom terrace just sold for $3.155 million, was the only Melbourne suburb where the median house price rose more than $300,000 in a year. Picture: realestate.com.au/sold


Two Canberra suburbs made the list – Griffith and Deakin, two of the cities priciest suburbs, where prices rose $592,000 and $397,000 respectively.

There were only seven suburbs where unit prices rose by more than $300,000 – mostly waterfront suburbs in Sydney and Perth.

"Houses overwhelmingly dominate the list,” Ms Creagh said. “That partly reflects their higher starting values, but also the premium buyers continue to place on space and land, particularly in established, tightly held suburbs where the supply of detached homes is constrained.”

The median unit price in Cremorne Point has jumped by $400,000 compared to a year ago. Picture: realestate.com.au/sold


Ms Creagh said the suburbs where prices rose by the largest dollar amounts weren’t necessarily the nation’s fastest-growing markets.

"The figures demonstrate the importance of distinguishing between percentage growth and dollar growth,” she said. 

“Prestige Sydney suburbs can produce enormous dollar increases from comparatively moderate percentage gains, whereas in some more affordable markets the same dollar increase requires a much sharper rise in prices.”

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Despite median prices rising significantly in the past year, Ms Creagh warned that buyers and homeowners in these areas shouldn’t necessarily expect the same level of price growth in the year ahead.

"These figures look backwards over the past 12 months,” she said. “Housing market conditions have softened through 2026 as higher interest rates have reduced borrowing capacity and buyer demand. 

“The very strong annual gains in some of these markets shouldn’t be interpreted as the pace of growth buyers can expect to continue from here."

Source: Thomas Brown · www.realestate.com.au