Bondi Beach: the property price growth star in Money magazine's 2017 predictions

Bondi Beach: the property price growth star in Money magazine's 2017 predictions
Bondi Beach: the property price growth star in Money magazine's 2017 predictions

At the beginning of the year three experts from Money Magazine selected 50 locations that were going to fire for house price growth in 2017.

The experts, Chris Gray, Margaret Lomas and Jeremy Shepherd, each picked a handful of suburbs from New South Wales, Victoria, Queensland, South Australia and Tasmania that they thought would perform the strongest in 2017.

In the end the stand out selection was Sydney's Bondi Beach, which saw a 34 percent price growth on its houses.

Chris Gray's New South Wales selections of suburbs not far from Sydney paid off. He also chose Balmain, which saw a near 24 percent price growth.

The top selections across the board were those of Jeremy Shepherd.

Shepherd picked out Adamstown, near Newcastle, as a strong performer. That has yielded 25 percent media price growth over the year.

Shortly behind Gray's top pick overall was Shepherd's Victoria selection, Frankston North, which has seen a median house price growth of 32.8 percent.

Victoria was the trio's most consistent choices. All 10 picks from the state yielded over 10 percent.

Shepherd's outpicked the other two experts in South Australia, Tasmania and Queensland, selecting Adelaide (15.2 percent), Moonah (16.7 percent) and Keperra (9.5 percent).

The worst tip however also came from Shepherd, who selected Semaphore Park as a strong performer in South Australia.

That was the only selection of the 50 plus suburbs to go backwards.

Strong Bondi Beach house sales included a Sir Thomas Mitchell Road home that sold for $4.1 million in May.

The four bedroom home last traded for $2.7 million in 2010.

 

Highlights:

Winner - Bondi Beach - 34 percent

Second place - Frankston - 32.8 percent

Third place - Balmain - 23.9 percent

Wooden spoon - Semaphore Park - -4.5 percent

 

Selections for 2017 with figures from their performance in 2016 as sourced from propertyvalue.com.au.

Suburb State Median price Rental yield Growth (1 yr)* Expert
Calwell ACT $479,000 4.90% -7.86% Jeremy Shephard
Charnwood ACT $420,000 5% 2.45% Margaret Lomas
Chisholm ACT $488,000 4.80% 0.72% Jeremy Shephard
Conder ACT $524,000 4.50% -3.01% Margaret Lomas
Dunlop ACT $500,000 4.70% 5.76% Margaret Lomas
Holt ACT $460,000 4.80% 5.44% Jeremy Shephard
Kambah ACT $534,000 4.50% 6.70% Margaret Lomas
Macgregor ACT $450,000 4.60% -1.10% Jeremy Shephard
Wanniassa ACT $545,000 4.30% 8.24% Jeremy Shephard
Adamstown NSW $527,000 4% -7.71% Jeremy Shephard
Ambarvale NSW $530,000 3.90% 15.59% Margaret Lomas
Ballina NSW $450,000 4.80% 7.78% Jeremy Shephard
Balmain NSW $1,700,000 2.70% 7.47% Chris Gray
Bateau Bay NSW $575,000 4.10% 9.52% Margaret Lomas
Bomaderry NSW $370,000 4.60% 9.31% Jeremy Shephard
Bondi Beach NSW $2,400,000 2.40% 18.39% Chris Gray
Coogee Beach NSW $2,500,000 1.90% 11.60% Chris Gray
Cremorne NSW $2,100,000 2.90% -2.58% Chris Gray
East Gosford NSW $610,000 4.10% 8.81% Margaret Lomas
Fairy Meadow NSW $680,000 3.80% 18.67% Margaret Lomas
Wingham NSW $255,000 6.50% -8.93% Jeremy Shephard
Arana Hills QLD $513,000 4.50% 5.77% Jeremy Shephard
Bald Hills QLD $414,000 4.90% 7.47% Margaret Lomas
Deception Bay QLD $336,000 5% 5.49% Margaret Lomas
Ferny Hills QLD $515,000 4.50% 7.29% Jeremy Shephard
Forest Lake QLD $428,000 4.70% 7.27% Margaret Lomas
Keperra QLD $487,000 4.40% 5.64% Jeremy Shephard
Springfield Lakes QLD $420,000 5% 1.08% Margaret Lomas
The Gap QLD $627,000 4.20% 2.62% Jeremy Shephard
Tugun QLD $554,000 4.80% 14.03% Jeremy Shephard
Upper Mount Gravatt QLD $590,000 3.50% 5.36% Margaret Lomas
Adelaide SA $701,000 3.40% -8.96% Jeremy Shephard
Edwardstown SA $468,000 3.90% 8.72% Jeremy Shephard
Findon SA $478,000 3.90% 8.64% Jeremy Shephard
Prospect SA $598,000 3.30% 6.70% Jeremy Shephard
Semaphore Park SA $505,000 4.10% 2.96% Jeremy Shephard
Howrah TAS $378,000 5.20% 0.87% Jeremy Shephard
Kingston TAS $385,000 5% -0.26% Jeremy Shephard
Lenah Valley TAS $425,000 4.60% 4.94% Jeremy Shephard
Lindisfarne TAS $400,000 4.60% 11.11% Jeremy Shephard
Moonah TAS $290,000 5.90% 4.32% Jeremy Shephard
Aspendale VIC $812,000 3% 11.23% Jeremy Shephard
Belmont VIC $400,000 4.30% 5.26% Jeremy Shephard
Carrum Downs VIC $390,000 4.70% 9.87% Margaret Lomas
Cranbourne VIC $375,000 4.60% 10.29% Margaret Lomas
Frankston North VIC $310,000 4.90% 10.71% Jeremy Shephard
Greensborough VIC $651,000 3.20% 6.64% Jeremy Shephard
Noble Park VIC $550,000 3.30% 19.18% Margaret Lomas
Ringwood North VIC $790,000 2.90% 8.22% Jeremy Shephard
Sunbury VIC $382,000 4.50% 6.70% Margaret Lomas
Tarneit VIC $413,000 4.40% 5.96% Margaret Lomas

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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House Price Growth Bondi Beach

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