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

HEATHWOOD

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

Wattle Grove

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

Girraween

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

Glenroy

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.

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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