Real estate hotspotsan average 34.4 per cent every year since 2000, compared to a national suburban average of 9.9 per cent for houses, and 8.1 per cent for units.
WA metropolitan home-owners appear to be the biggest winners in the country, with Perth accounting for 11 of the suburbs in the top 20 growth areas.
The other areas in the top 20 are Jindalee, Bertram, Hammond Park, Wattle Grove, Aubin Grove, Butler, Carramar, Darch, Sinagra, and Beeliar.
Only units in Oaksdown in Greater Hobart enjoyed slightly higher capital gain at 34.6 per cent, but house prices were highest in Perth’s semi-rural Herne Hill in the Swan Valley.
Local Elders Real Estate agent Ian Henry said prices started to skyrocket in 2005, after years of sluggish growth.
He said the area had wineries, breweries, top restaurants and café culture, while at the same time offering the benefits of a country lifestyle, such as tight-knit community and big blocks of land.
The city was only 20km away, and major shopping centres such a Morley Galleria.
“It seems like Perth only really discovered the Swan Valley a few years ago,” Mr Henry said.
He said growth had been sluggish this year, as in most areas, but was expected to pick up again next year.
The RP Data report said the top growth suburbs around the nation were mostly situated on the outskirts of cities.
“This is largely due to the fact that in most instances pricing has come from a very low base ten years ago,” said the report.
“Undoubtedly new development has helped boost prices in many of these areas.”
The report said that it was unlikely that these areas would enjoy the same level of capital growth over the next decade.
Top Ten Growth areas:
1. Oakdowns, Greater Hobart, unit – $275,000(median price) (34.6 per cent increase in 10 years)
2. Herne Hill, Perth, house – $595,000 (34.4 per cent)
3. Jindalee, Perth, house – $600,000 (33.3 per cent)
4. Bertram, Perth, house – $383,000 (33.3 per cent)
5. Blairmount, Sydney, house – $327,000 (33.3 per cent)
6. Hammond Park, Perth, house – $485,000 (33.1 per cent)
7. Beecroft, Sydney, unit – $520,000 (32.7 per cent)
8. Gunn, Darwin, house – $464,000 (32.7 per cent)
9. Wattle Grove, Perth, house – $450,000 (32.6 per cent)
10 Gardenvale, Melbourne, unit – $328,000 (32.4 per cent)
Source : www.thewest.com.au
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