{"id":4951,"date":"2024-12-23T13:50:49","date_gmt":"2024-12-23T13:50:49","guid":{"rendered":"https:\/\/www.bestpropertyagent.com.au\/?p=4951"},"modified":"2024-12-24T07:48:29","modified_gmt":"2024-12-24T07:48:29","slug":"a-look-back-at-the-2024-australian-property-market-top-suburbs-of-the-year","status":"publish","type":"post","link":"https:\/\/www.bestpropertyagent.com.au\/blog\/a-look-back-at-the-2024-australian-property-market-top-suburbs-of-the-year\/","title":{"rendered":"A Look Back at the 2024 Australian Property Market: Top Suburbs of the Year"},"content":{"rendered":"\t\t
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According to research, Australia\u2019s property market in 2024 showcased a remarkable divergence, with 85% of suburbs experiencing price growth, and approximately 1,500 suburbs achieving double-digit increases. This performance underscores the dynamic nature of the housing market, influenced by various factors across different regions.<\/p>\n\n

Capital Cities: The Standout Performers<\/h3>\n\n

Perth emerged as the clear frontrunner among Australia\u2019s capital cities in 2024, dominating the rankings for both house and unit price growth. With a combination of affordability, strong demand, and a thriving local economy, Perth has become a hotspot for property buyers and investors alike.<\/p>\n\n

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Top 5 Suburbs for House Price Growth in 2024:<\/strong><\/h2>\n\n
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  1. Brendale, QLD<\/strong> \u2013 Median: $629,600 | Annual Growth: 36.8%<\/li>\n\n
  2. Medina, WA<\/strong> \u2013 Median: $531,600 | Annual Growth: 36.4%<\/li>\n\n
  3. Lockridge, WA<\/strong> \u2013 Median: $587,900 | Annual Growth: 36.1%<\/li>\n\n
  4. Girrawheen, WA<\/strong> \u2013 Median: $632,400 | Annual Growth: 36.0%<\/li>\n\n
  5. Wattleup, WA<\/strong> \u2013 Median: $906,500 | Annual Growth: 35.8%<\/li>\n<\/ol>\n\n
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    Top 5 Suburbs for Unit Price Growth in 2024:<\/strong><\/h2>\n\n
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    1. Girrawheen, WA<\/strong> \u2013 Median: $504,400 | Annual Growth: 44.6%<\/li>\n\n
    2. Slacks Creek, QLD<\/strong> \u2013 Median: $474,300 | Annual Growth: 41.7%<\/li>\n\n
    3. Orelia, WA<\/strong> \u2013 Median: $332,000 | Annual Growth: 41.5%<\/li>\n\n
    4. Success, WA<\/strong> \u2013 Median: $519,900 | Annual Growth: 41.0%<\/li>\n\n
    5. Swan View, WA<\/strong> \u2013 Median: $485,400 | Annual Growth: 40.9%<\/li>\n<\/ol>\n\n

      Girrawheen, located in Perth\u2019s northwest, was a standout, with unit prices increasing by 45% and house prices rising by 36%. This exceptional growth highlights the suburb’s growing appeal, driven by its affordability and proximity to key amenities.<\/p>\n\n

      Outside Perth, Adelaide and Brisbane secured their places as the second and third best-performing capital cities, with dwelling price growth of 14.6% and 12.6%, respectively.<\/p>\n\n