21/05/2025
Which were the best suburbs for investors in 2024? https://www.qldpropertyinvestor.com.au/best-suburbs-for-investors-in-2024/ In a year dominated by interest rate speculation and varied price growth, here are the suburbs that returned big results for sellers in 2024.
Data from CoreLogic’s Best of the Best report showed that regional Western Australia and Queensland led the nation in value growth for both houses and units. Beachlands in Western Australia experienced a 38.4 per cent increase in house values, and Dolphin Heads in Queensland saw its unit prices grow by 52 per cent.
In the capital cities nationwide, Perth dominated the list, claiming all 10 spots for the strongest house value growth. Every suburb experienced increases of 30 per cent or above, while Brisbane took the lion’s share of the unit market, with five suburbs listed.
The weakest capital city house markets were mainly in Melbourne, although Millner in Darwin topped the list of declines, falling by -11 per cent. Similarly, most of the worst-performing unit markets were in Melbourne.
In regional areas, Venus Bay in Victoria saw the largest drop in house values nationwide, down -15.4 per cent, while Sunshine in Greater Melbourne had the biggest fall in unit values, with a decrease of -13.8 per cent.
But which were the best suburbs for investors in 2024?
NSW – Sydney
In NSW’s greater area, the south-west regions have seen the most growth in the past 12 months, grabbing seven out of 10 spots for the top-performing house suburbs, with Bonnyrigg taking the lead with a 19 per cent growth rate.
House price growth in Sydney’s metropolitan area ranged from 15.5 per cent to 19 per cent, with median values ranging from above $1.3 million to $770,793.
For units, the best suburbs were located across the board from the Inner South West to the Blue Mountains and Central Coast, showing a price growth ranging from 10.3 per cent to 18.3 per cent in Monterey, which topped the first position.
The highest price growth suburbs in Sydney in 2024 were:
Sydney houses:
Bonnyrigg – growth: 19.0 per cent – median price: $1,079,267
Wiley Park – growth: 18.5 per cent – median price: $1,352,924
Emerton – growth: 17.9 per cent – median price: $807,690
Bonnyrigg Heights – growth: 17.4 per cent – median price: $1,172,390
Mount Pritchard – growth: 16.8 per cent – median price: $1,089,466
Lansvale – growth: 16.2 per cent – median price: $1,139,382
Tregear – growth: 15.7 per cent – median price: $770,793
St Johns Park – growth: 15.7 per cent – median price: $1,224,412
Wetherill Park – growth: 15.5 per cent – median price: $1,216,157
Edensor Park – growth: 15.5 per cent – median price: $1,322,438
Sydney units:
Monterey – growth: 18.3 per cent – median price: $886,980
Strathfield – growth: 15.3 per cent – median price: $765,699
Bass Hill – growth: 13.5 per cent – median price: $902,636
South Windsor – growth: 13.0 per cent – median price: $742,057
Camperdown – growth: 11.8 per cent – median price: $986,178
Kingswood – growth: 11.6 per cent – median price: $573,685
Queenscliff – growth: 10.7 per cent – median price: $1,375,911
Summer Hill – growth: 10.5 per cent – median price: $1,023,018
Wyoming – growth: 10.3 per cent – median price: $644,556
Brighton-Le-Sands – growth: 10.3 per cent – median price: $854,407
Regional NSW
In regional NSW, the Richmond-Tweed area scored nine suburbs out of 10 in the top-performing suburbs for houses, with an annual growth rate of at least 15.2 per cent and a maximum of 26.1 per cent.
Similarly, the Richmond-Tweed area’s suburbs were among the top-performing for units but shared the spotlight with Newcastle, the Illawarra region, and Murray.
The highest price growth suburbs in regional NSW in 2024 were:
NSW regional houses:
Coraki – growth: 26.1 per cent – median price: $447,343
South Lismore – growth: 23.9 per cent – median price: $382,972
Lismore – growth: 22.4 per cent – median price: $445,817
Lismore Heights – growth: 22.0 per cent – median price: $479,319
Terranora – growth: 20.8 per cent – median price: $1,360,010
Girards Hill – growth: 19.8 per cent – median price: $456,128
North Lismore – growth: 19.3 per cent – median price: $385,044
Bermagui – growth: 17.6 per cent – median price: $1,006,591
Woodburn – growth: 15.5 per cent – median price: $542,785
East Lismore – growth: 15.2 per cent – median price: $496,053
NSW regional units:
Figtree – growth: 19.4 per cent – median price: $786,588
West Albury – growth: 17.6 per cent – median price: $415,449
Banora Point – growth: 16.4 per cent – median price: $765,220
Tweed Heads West – growth: 16.2 per cent – median price: $616,630
Raymond Terrace – growth: 14.5 per cent – median price: $463,098
Tweed Heads South – growth: 13.6 per cent – median price: $769,333
Thornton – growth: 11.3 per cent – median price: $524,555
Evans Head – growth: 11.0 per cent – median price: $663,119
Pottsville – growth:...
In regional areas, Venus Bay in Victoria saw the largest drop in house values nationwide, down -15.4 per cent, while Sunshine in Greater Melbourne had the biggest fall in unit values, with a decrease of -13.8 per cent. But which were the best suburbs for investors in 2024?
