7. Ray White Now | JULY 2021 | Page 30

TOP GROWTH SUBURBS - CAPITAL CITIES
20 years to May 2021
Median price
Suburb
Region
State
2001
2021
% Growth
Somers
Melbourne
VIC
$ 161,500
$ 1,430,000
785 %
Risdon Vale
Greater Hobart
TAS
$ 45,000
$ 340,000
656 %
Dodges Ferry
Greater Hobart
TAS
$ 64,500
$ 480,000
644 %
Bridgewater
Greater Hobart
TAS
$ 42,500
$ 311,000
632 %
Rokeby
Greater Hobart
TAS
$ 55,000
$ 400,000
627 %
Mccrae
Melbourne
VIC
$ 170,000
$ 1,150,000
576 %
Blairgowrie
Melbourne
VIC
$ 187,500
$ 1,252,500
568 %
Rye
Melbourne
VIC
$ 135,000
$ 853,000
532 %
West Moonah
Greater Hobart
TAS
$ 86,000
$ 538,000
526 %
Tootgarook
Melbourne
VIC
$ 115,000
$ 718,500
525 %
Source : Corelogic , Ray White
In regional Australia , it ’ s almost all beachside , particularly northern New South Wales . Three of the towns on the list are located in the Richmond Tweed area . Also making the list is one mining town , Moranbah , in Queensland ’ s Bowen Basin , as well as Barwon Heads close to Geelong .
TOP GROWTH TOWNS - REGIONAL AUSTRALIA
20 years to May 2021
Median price
Suburb
Region
State
2001
2021
% Growth
Moranbah
Mackay
QLD
$ 18,750
$ 295,000
1473 %
Gulmarrad
Mid-North Coast
NSW
$ 42,000
$ 530,000
1162 %
Coomba Park
Hunter
NSW
$ 35,500
$ 372,500
949 %
Murrumbateman
South Eastern
NSW
$ 89,625
$ 895,000
899 %
Byron Bay
Richmond-Tweed
NSW
$ 302,500
$ 2,350,000
677 %
Corindi Beach
Mid-North Coast
NSW
$ 79,000
$ 610,000
672 %
Bangalow
Richmond-Tweed
NSW
$ 165,000
$ 1,270,750
670 %
Barwon Heads
Barwon
VIC
$ 173,400
$ 1,325,000
664 %
Casuarina
Richmond-Tweed
NSW
$ 185,000
$ 1,380,000
646 %
Tura Beach
Lower South Coast
NSW
$ 89,950
$ 620,000
589 %
Source : Corelogic , Ray White
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