Australia's outer suburbs beat city bling in property price boom
New figures reveal a ripper surge in house prices in regional and outer-city suburbs, leaving city slickers green with envy.
The latest PropTrack report shows a whopping 39 suburbs across the nation have seen their property values skyrocket by more than 10 per cent in just three months.
Murray Bridge in South Australia takes the crown with an eye-watering 18 per cent jump in unit prices – the biggest increase in the entire country.
Meadowbrook in Queensland's Logan-Beaudesert region and Murwillumbah in NSW's Richmond-Tweed rounded out the top three.
Other top performers include Chidlow in WA, Menangle in Sydney's outer south, and Griffith in the NSW Riverina.
Deagon, Ascroft and Home Hill are also enjoying the boom.
Here's a closer look at how our key states are performing.
NEW SOUTH WALES
Home prices have been growing at three times the rate of inflation in many parts of Sydney as interest rate cuts from earlier in the year continue to usher in more property buyers into the market.
The biggest rises have been observed in some of the most affordable unit markets, with the rate cuts launching a scramble for the cheapest real estate deals near major commuter hubs.
Units in Ashcroft, Wahroonga, Belrose, Cartwright and Sadlier all jumped by 10 per cent or more in just three months, as affordable pockets under the city's lofty median price of $1.182m captured buyers.
Read the full story here.
QUEENSLAND
Sixteen suburbs have joined the $1 million-plus club in the past three months as Queensland's red hot property market shows no signs of slowing down, with the state now home to 299 locales with seven-figure median home values.
PropTrack's June Quarterly Home Index shows that median house values have now hit seven figures in once affordable suburbs right across Brisbane, Moreton Bay, Logan-Beaudesert, Ipswich, the Gold Coast and Sunshine Coast, and Toowoomba.
Each one saw their median house value edge over $1 million in the three months to June.
It comes after PropTrack revealed that Brisbane now has a $1 million median price tag (houses and units combined), finishing the month of June at $1.015 million – an increase of $74,800.
And the data shows that there are 10 suburbs with median home values above $2 million, with Chandler leading the pack with$3,149,155.
Tennyson is the most expensive unit market with a median value of $2,104,972.
Read the full story here.
TASMANIA
Elections don't tend to be great news for property market growth, but they couldn't stop Hobart's green shoots from popping up.
Exclusive June quarter PropTrack figures show 38 out of 56 greater Hobart suburbs recorded median house price growth, despite a federal election and the announcement of a state election.
The 38 growth areas far outstripped the seven suburbs with a declining median value and the 11 that sat unchanged from the previous quarter.
Eastern Shore lifestyle suburb Sandford was the top-performing area with a 4 per cent increase over the three-month period.
Read the full story here.
VICTORIA
Melbourne's property market has been tipped to reach a record high by Christmas after a rise in home values across hundreds of suburbs.
Across the June quarter, Melbourne's top suburbs for median house price growth of between 4 to 5 per cent included Glen Huntly (with a new $1,507,058 median), Wandong ($871,817), Braeside ($1,530,522), Williamstown North ($1,143,023) and Frankston North ($603,715).
For purchasers seeking a smaller residence, Wallan in Melbourne's outer north performed best for units with median prices zooming up 10 per cent to $483,070.
In regional Victoria, houses in the East Gippsland town of Orbost increased 8 per cent to hit $350,875 and Castlemaine units soared 9 per cent to $647,860.
Read the full story here.
SOUTH AUSTRALIA
South Australia's property boom is showing no signs of abating, with house values in more than 250 areas and unit values in another 78 recording double-digit growth over the past year.
New PropTrack figures reveal some suburbs and towns even managed to crack the 20 per cent growth threshold over the 2024-2025 financial year.
Unit values in Everard Park had the highest growth at 25 per cent, taking the estimated median value to $628,794.
Salisbury North units followed closely behind, with its estimated median value rising 24 per cent to $546,698, while Elizabeth South and Waikerie house values both rose 23 per cent to $543,354 and $386,100 respectively.
Read the full story here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Herald Sun
an hour ago
- Herald Sun
What is the best workplace change of the 21st century?
Since the start of the 21st century Australia's work landscape has undergone a number of monumental changes. If you compare a typical Aussie office worker from 25 years ago to now, there are many undeniable differences, from the way work is completed, where the work is done and even those surrounding them in the workplace. With so many major changes over the years, it is hard to choose which has been the most transformative to our workplaces. To celebrate the launch of the new app, we're celebrating the people, places and events we'll never forget from the first quarter of the 21st century by asking for Australia's view. Our 25@25 series will finally put to bed the debates you've been having at the pub and around dinner tables for years – and some that are just too much fun not to include. For example, the Covid-19 pandemic and subsequent lockdowns rapidly transformed where we work, with millions of Australians ordered to work from home. As a result, remote and hybrid work has now become the norm for a lot of Aussies who had previously only ever known working in an office full time. Work-life balance has become an increasingly important focus for workers, with the introduction of the Right to Disconnect and the four-day week movement gaining significant traction in recent years. Then there are other changes, like companies favouring open plan offices over cubicles and casual work attire becoming more acceptable. Another major transformation has been the rise of women in leadership roles, with leadership specialist, Amy Jacobson, noting it has been 'both frustrating and fascinating to watch'. Speaking to the author of The Emotional Intelligence Advantage, said we have now passed through the 'frustrating' era where female leaders felt like they had to act like 'one of the boys' to fit in. 'Resulting in unauthentic and at times defensive leadership, along with the abhorrent female quota tick-a-box that seemed to consume workplaces as a first reaction,' she said. 'Workplaces are shifting with an increased focus in areas such as emotional intelligence, diversity and inclusion and with these changes we are seeing more genuine female leaders being comfortable to own who they are and be true to their own leadership style.' Ms Jacobson said this change has also resulted in increasing confidence among women in the workforce. The leadership specialist named the introduction of the Right to Disconnect as another game changer for workplaces across the country, saying it signifies a 'fantastic shift' in our mindset when it comes to work. The law, which came into effect in August 2024, gives employees the right to refuse contact outside of their working hours. Staff are not required to monitor, read, or respond to contact from an employer or third party – within reason. 'With so many people pouring endless hours into work, the real measure of success in life had become disjointed. Success isn't measured by job titles, pay packets and other materialistic things,' Ms Jacobson said. 'True success is happiness, and happiness means a healthy life balance between all our priorities. The realisation that the choice lies with us on how we prioritise our lives and choose to spend our time.' Recruitment specialist Roxanne Calder said there are a number of changes that have made work 'more human' over the years, with one being salary discussions becoming more open. Speaking to the Earning Power author said there is no doubt that salary transparency has 'shifted power dynamics' within the workplace. 'It is harder to ignore or, in some cases, justify pay gaps when information flows freely, forcing organisations to align compensation with contribution rather than bias or legacy,' she said. 'This openness has also built trust. Ultimately, it challenges leaders to explain not just how they pay people, but why.' Another change that Ms Calder said has 'forever redefined the way we look at productivity' is remote work, challenging the myth that you can only perform well if you are sitting at your desk in an office. She noted this has been a test of trust for organisations, forcing many to shift the way performance is measured, rather than relying on physical presence as a barometer for how much work a person is putting on. 'If done well, remote work can create workplaces that are not only more efficient but also more humane, valuing results and wellbeing together,' she said. Speaking of productivity, Donna McGeorge, author of the It's About Times series, said the rise of AI within the workplace has been a 'game changer'. The productivity specialist told that, if used correctly, the new technology can give employees time back for more meaningful and high value work. 'Email drafting and meeting summaries are the most obvious places to start,' she said. Other changes like open plan offices have also helped encourage collaboration and more dynamic communication, which can then lead to more productive working relationships between colleagues. 'The best open plan offices balance it out with purpose built spaces for collaboration and quiet spaces for deep work,' Ms McGeorge said. She added that all the changes we have seen over the years are 'signs we're redesigning work to work better for humans'. Take the rest of our 25@25 polls Originally published as What is the best workplace change of the 21st century?
Daily Telegraph
2 hours ago
- Daily Telegraph
Young parents' beat Sydney's property market chaos
They say getting a foot on the property ladder is the hardest part, but this young couple learnt there were many more rungs to endure in making their dream a reality. Steven and Elizabeth Gardner struck gold when they purchased a three-bedroom villa for just over $500,000 in 2016. 'For us it was affordable at the time,' Mr Gardner said. 'We rented it out for a year and then moved in just after we got married,' he said. 'The interest rates were great when we bought, we thought it would be a two to four year plan,' he said. However, life had other plans and interest rate hikes challenged the young family. 'We got by, but it was a struggle,' he said. 'We've had two kids in the last five years so when my wife wasn't working we had to penny pinch here and there.' Now that their two kids were a bit older and Ms Gardner was able to return to full-time work, plus the bonus of rates beginning to fall, the couple felt 'relieved.' MORE: Aussie's boat house idea pays off big Wild sum Aussie renters are losing each year They made the difficult and savvy decision to sell their beloved home and upsize. 'We are pretty sad to be leaving, we loved it,' he said, and they faced yet another challenge in reaching their goal. '(Prices) were so rough. It's ridiculous. I kept thinking what $1m would get you ten years ago, we struggled to find a four bedroom in our $1.1m budget,' he said. But after months of looking, the family secured a four-bedroom home in their budget, and even had a bit leftover to renovate the slightly dated home. It was an 'easy decision,' for the family to stay in the area, Mr Gardner added. 'The area is really growing, the shopping centre is doubling in size,' Mr Gardner said. 'Our daughter has started primary school around the corner and she plays soccer and has dancing around the are too.' Their new purchase was still a stepping stone to where they wanted to be in another five or ten years time, but Mr Gardner said they had learnt a lot from their experience. 'We had some regrets about not getting our place valued earlier, we might have been in a stronger position a year ago,' he said. 'We figured out we could afford to move but we didn't realise how many moving pieces there were, luckily our agent was really good, really responsive and reassuring, it was good to have a good agent.' They sold their home through Trent Zahra at McGrath West for $791,000, almost $300,000 more than what they bought it for nine years earlier. 'It doesn't cost you to get in touch with a broker to see where you're at, we've learnt to back ourselves and be a bit more optimistic about things,' Mr Gardner said. 'There isn't a perfect time to do it.' MORE: Hemsworth's Aus esky drink hole in receivership Mum and daughter's next-door purchase shock
News.com.au
3 hours ago
- News.com.au
What is the best workplace change of the 21st century?
Since the start of the 21st century Australia's work landscape has undergone a number of monumental changes. If you compare a typical Aussie office worker from 25 years ago to now, there are many undeniable differences, from the way work is completed, where the work is done and even those surrounding them in the workplace. With so many major changes over the years, it is hard to choose which has been the most transformative to our workplaces. Our 25@25 series will finally put to bed the debates you've been having at the pub and around dinner tables for years – and some that are just too much fun not to include. For example, the Covid-19 pandemic and subsequent lockdowns rapidly transformed where we work, with millions of Australians ordered to work from home. As a result, remote and hybrid work has now become the norm for a lot of Aussies who had previously only ever known working in an office full time. Work-life balance has become an increasingly important focus for workers, with the introduction of the Right to Disconnect and the four-day week movement gaining significant traction in recent years. Then there are other changes, like companies favouring open plan offices over cubicles and casual work attire becoming more acceptable. Another major transformation has been the rise of women in leadership roles, with leadership specialist, Amy Jacobson, noting it has been 'both frustrating and fascinating to watch'. Speaking to the author of The Emotional Intelligence Advantage, said we have now passed through the 'frustrating' era where female leaders felt like they had to act like 'one of the boys' to fit in. 'Resulting in unauthentic and at times defensive leadership, along with the abhorrent female quota tick-a-box that seemed to consume workplaces as a first reaction,' she said. 'Workplaces are shifting with an increased focus in areas such as emotional intelligence, diversity and inclusion and with these changes we are seeing more genuine female leaders being comfortable to own who they are and be true to their own leadership style.' Ms Jacobson said this change has also resulted in increasing confidence among women in the workforce. The leadership specialist named the introduction of the Right to Disconnect as another game changer for workplaces across the country, saying it signifies a 'fantastic shift' in our mindset when it comes to work. The law, which came into effect in August 2024, gives employees the right to refuse contact outside of their working hours. Staff are not required to monitor, read, or respond to contact from an employer or third party – within reason. 'With so many people pouring endless hours into work, the real measure of success in life had become disjointed. Success isn't measured by job titles, pay packets and other materialistic things,' Ms Jacobson said. 'True success is happiness, and happiness means a healthy life balance between all our priorities. The realisation that the choice lies with us on how we prioritise our lives and choose to spend our time.' Recruitment specialist Roxanne Calder said there are a number of changes that have made work 'more human' over the years, with one being salary discussions becoming more open. Speaking to the Earning Power author said there is no doubt that salary transparency has 'shifted power dynamics' within the workplace. 'It is harder to ignore or, in some cases, justify pay gaps when information flows freely, forcing organisations to align compensation with contribution rather than bias or legacy,' she said. 'This openness has also built trust. Ultimately, it challenges leaders to explain not just how they pay people, but why.' Another change that Ms Calder said has 'forever redefined the way we look at productivity' is remote work, challenging the myth that you can only perform well if you are sitting at your desk in an office. She noted this has been a test of trust for organisations, forcing many to shift the way performance is measured, rather than relying on physical presence as a barometer for how much work a person is putting on. 'If done well, remote work can create workplaces that are not only more efficient but also more humane, valuing results and wellbeing together,' she said. Speaking of productivity, Donna McGeorge, author of the It's About Times series, said the rise of AI within the workplace has been a 'game changer'. The productivity specialist told that, if used correctly, the new technology can give employees time back for more meaningful and high value work. 'Email drafting and meeting summaries are the most obvious places to start,' she said. Other changes like open plan offices have also helped encourage collaboration and more dynamic communication, which can then lead to more productive working relationships between colleagues. 'The best open plan offices balance it out with purpose built spaces for collaboration and quiet spaces for deep work,' Ms McGeorge said. She added that all the changes we have seen over the years are 'signs we're redesigning work to work better for humans'.
