Magazine top 50 suburbs two years on show moderate gains, and a few misses
Property Observer has looked at Your Investment Property magazine's top 50 best long-term performers as of July 2011 and identified the top performing suburbs along with the poorest performing suburbs two years on.
New South Wales Marulan tops the list with the highest median house price growth over two years from $187,500 to $310,000 – a $122,500 price growth.
Not all Marulan vendors achieved the boost. A three-bedroom home on Loseby Avenue in Marulan sold last month for $325,000, had been purchased in 2009 for $275,000.
Situated on 877 square metres, the home was built in 2003 and includes two bathrooms, two living areas and an outdoor entertaining area.
State | Suburb | Type | Median Price July 2011 | Median Price August 2013 | Two Year Growth |
WA | Djugun | House | $665,000 | $690,000 | +$25,000 |
WA | Tapping | House | $489,000 | $507,000 | +$18,000 |
NSW | Aberglasslyn | House | $395,000 | $424,950 | +$29,950 |
WA | Aveley | House | $495,000 | $491,500 | -$3,500 |
QLD | Paradise Point | Unit | $502,500 | $560,000 | +$57,500 |
WA | Piara Waters | House | $522,500 | $526,000 | +$3,500 |
QLD | Boyne Island | Unit | $417,500 | $402,500 | -$15,000 |
WA | Southern River | House | $537,500 | $570,000 | +$32,500 |
QLD | House | $545,500 | $546,000 | +$500 | |
WA | Bertram | House | $380,000 | $387,750 | +$7,750 |
NT | Gunn | House | $535,000 | $535,000 | $0 |
NSW | Cameron Park | House | $452,000 | $475.000 | +$23,000 |
NSW | Fletcher | House | $456,000 | $485,000 | +$29,000 |
NSW | Ellalong | House | $240,000 | $305,000 | +$65,000 |
WA | Ashy | House | $426,500 | $482,500 | +$56,000 |
WA | Hammond Park | House | $449,000 | $530,000 | +$81,000 |
WA | Darch | House | $572,500 | $580,000 | +$7,500 |
NSW | East Bowral | House | $524,000 | $462,500 | -$61,500 |
NSW | Bangalow | House | $625,000 | $510,050 | -$114,950 |
WA | House | $497,500 | $535,000 | +$37,500 | |
WA | Sinagra | House | $440,000 | $475,000 | +$35,000 |
WA | Aubin Grove | House | $497,000 | $536,000 | +$39,000 |
WA | Wellard | House | $407,500 | $430,000 | +$22.500 |
WA | Butler | House | $410,000 | $420,000 | +$10,000 |
WA | Beeliar | House | $465,000 | $491,250 | +26,250 |
NT | House | $576,250 | $520,000 | -$56,250 | |
NT | Bakewell | House | $470,000 | $510,000 | +$40,000 |
WA | Dalyellup | House | $389,000 | $381,250 | -$7,750 |
NSW | House | $285,500 | $288,250 | +$2,750 | |
WA | Yalyalup | House | $432,500 | $475,000 | +$42,500 |
WA | Vasse | House | $450,000 | $387,500 | -$62,500 |
QLD | Capella | House | $297,500 | $375,000 | +$77,500 |
WA | Boyanup | House | $359,000 | $409,000 | +$50,000 |
QLD | Eagleby | Unit | $315,000 | $298,500 | -$16,500 |
WA | Harrisdale | House | $535,000 | $541,250 | +6,250 |
SA | Port Augusta | Unit | $155,000 | $130,000 | -$25,000 |
SA | Ferryden Park | House | $377,000 | $397,000 | +$20,000 |
NSW | Marulan | House | $187,500 | $310,000 | +122,500 |
WA | Baldivis | House | $439,000 | $435,000 | -$4,000 |
SA | Cowell | House | $279,000 | $237,500 | -41,500 |
WA | Caversham | House | $415,000 | $430,000 | +$15,000 |
VIC | Mortlake | House | $150,000 | $152,000 | +$2,000 |
WA | Burswood | Unit | $808,000 | $702,500 | -$105,500 |
SA | Woodville | Unit | $336,250 | $248,500 | -$87,750 |
NT | Rosebery | House | $560,000 | $600,000 | +$40,000 |
WA | Success | House | $500,000 | $509,000 | +$9,000 |
Hammond Park in Western Australia is the second best performer, with a median house price growth of $81,000 in two years.
As of July 2011, Hammond Park’s median house price was $449,000 and is now $530,000.
A three-bedroom home at 8 Goulburn Approach in Hammond Park sold last month for $447,000, having been purchased in 2006 for $300,000.
Queensland’s Capella is the third best former, with a median house price growth of $77,500.
As of July 2011, Capella’s median house price was $297,500 and is now $375,000.
A four-bedroom home at 5 Eddy Drive in Capella sold in December for $530,000, having been purchased in 2010 for $450,000, an $80,000 increase.
New South Wales’ Bangalow is the worst performer of the 50, with a $114,950 decline in the median house price.
As of July 2011, the median house price in Bangalow was $625,000 and has since dropped in two years to $510,050.
A three-bedroom home at 21 Ivory Curl Place in Bangalow sold for $510,000 in May this year, but was inititally listed for $525,000.
The property last sold in 2012 for $522,500, a $12,500 loss.
Western Australia’s Burswood is the second poorest performer, dropping $105,500 in its median unit price in two years.
As of July 2011, Burswood’s median unit price was $808,000 and has dropped in two years to a median unit price of $702,500.
A two-bedroom apartment at 96 Bow River Crescent sold last month for $915,000, having been purchased in 2012 for $1 million - a $85,000 lost.
South Australia’s Woodville is the third poorest performer, dropping $87,750 in its median unit price in two years.
As of July 2011, the median unit price in Woodville was $336,250, and has since dropped to $248,500.
A three-bedroom unit at 1/731 Port Road Woodville sold in June for $372,000, after spending 251 days on the market with an advertised price guide of $395,000 to $410,000.
Prior to that, it sold in 2011 for $375,000.