Nation’s top growth suburbs named
While national property growth moderated in April, several suburbs bucked the broader trend, recording exceptional gains over the past 12 months. Australian Property Research has identified the top 15 hotspots where investors and homebuyers have seen the strongest returns amid a shifting market landscape.
Data from Cotality’s latest Home Value Index shows that Australian property values increased for the third consecutive month in April, with median dwelling values rising by 0.3% ($2,720). This steady growth was supported by gains across all capital cities, ranging from 1.1% in Darwin to 0.2% in Sydney and Melbourne.
Despite an easing annual growth rate to 3.2% nationally - the slowest since August 2023 - certain suburbs have delivered outstanding performance, offering lucrativeopportunities for investors seeking above-average returns.
Sydney’s growth champions
Fairfield continues to lead Sydney’s growth, with a 7.4% rise in median dwelling price to $1,167,873. Situated strategically in south-west Sydney, Fairfield’s access to transport corridors and employment centres has underpinned strong capital gains.
Upcoming infrastructure projects and urban renewal efforts promise to further enhance the suburb’s liveability and investor appeal. Its diverse, growing population sustains high rental demand and dependable occupancy levels.
Nearby, St Marys reported a 7.3% increase in median price to $991,116. The suburb is poised for transformation via the St Marys Town Centre Master Plan, which includes integration with the Sydney Metro - Western Sydney Airport line. Improved connectivity combined with affordability continues to drive strong rental demand and investor interest.
Also in Sydney’s south-west, Wollondilly experienced 7.3% growth, reaching a median of $1,078,620. Major infrastructure upgrades, notably the Western Sydney International Airport development, along with significant projected population growth, are shaping Wollondilly into a prime investment destination. Investors are attracted by its healthy rental yields and low vacancy rates.
Melbourne’s emerging investment areas
Melbourne’s north-west suburbs Tullamarine and Broadmeadows have delivered steady growth of 1.9%, with median prices around $687,701. Their proximity to transport hubs and employment zones, alongside ongoing urban renewal, are fostering sustained rental demand.
Frankston, with a median dwelling price of $763,366, grew 1.8% thanks to infrastructure investments like the $1.1 billion hospital redevelopment. The suburb’s coastal lifestyle and strong community amenities continue to appeal to investors seeking long-term growth.
In Melbourne’s west, Hobsons Bay saw a 1.7% increase to $874,365. The area benefits from bayside living, enhanced transport links, and a diverse employment base, making it an attractive location for tenants and investors alike.
Adelaide’s regional standouts
Adelaide’s northern suburbs are shining bright, with Gawler leading the pack at 13.9% growth and a median price of $709,829. Its blend of heritage charm, modern amenities and proximity to the Barossa Valley, coupled with infrastructure projects like the $870 million Northern Connector motorway, have boosted its investment appeal.
Playford North followed closely with 13% growth, supported by major urban renewal projects and affordable housing options that are drawing families and first-home buyers.
Mitcham South recorded 12.3% growth, driven by access to quality schools and ongoing infrastructure upgrades, positioning it as a highly desirable location for both owner-occupiers and renters.
Queensland’s western corridor and growth suburbs
In Queensland, Beenleigh stands out with 12.8% growth and a median dwelling price of $754,828. Its strategic position between Brisbane and the Gold Coast, alongside robust connectivity and infrastructure upgrades, is bolstering demand and investor confidence.
The Ipswich Hinterland continues to attract buyers, posting 11.4% growth. Significant transport and community infrastructure projects, combined with low vacancy rates, ensure strong rental returns and long-term capital growth.
Meanwhile, Caboolture in Moreton Bay recorded 11% growth, driven by large-scale developments including a $44 million city centre revitalisation and the expansive Caboolture West housing project. These initiatives are transforming the suburb’s liveability and employment prospects, making it a magnet for investors and new residents alike.
Perth’s affordable growth markets
Perth’s Swan North East recorded impressive 14.2% growth, benefitting from transport upgrades and urban renewal initiatives that are enhancing livability and rental demand.
Mundaring in Perth’s north-east attracted buyers with 13.3% growth, thanks to ongoing infrastructure development and its appealing semi-rural lifestyle.
Kwinana continues to draw interest with 12.9% growth, as major urban transformation projects fuel market demand and provide affordable entry points for investors.
