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The 77 SUBURBS homes earned owners more than $200,000 a year

Table of Contents

The suburbs where house prices rose by $200,000 or more

# Suburb State Region (SA4) Median value (AVM) YoY change (%) YoY change ($)
1 Bellevue Hill NSW Sydney – Eastern Suburbs $9,951,000 13% $1,109,000
2 Strathfield NSW Sydney – Inner West $3,936,000 14% $477,000
3 Mermaid Beach QLD Gold Coast $3,071,000 17% $447,000
4 Applecross WA Perth – South West $2,258,000 20% $376,000
5 Swanbourne WA Perth – Inner $2,671,000 16% $367,000
6 Churchlands WA Perth – North West $2,021,000 19% $324,000
7 Trigg WA Perth – North West $1,805,000 21% $309,000
8 North Curl Curl NSW Sydney – Northern Beaches $3,556,000 9% $305,000
9 City Beach WA Perth – Inner $2,782,000 12% $303,000
10 Mount Hawthorn WA Perth – Inner $1,518,000 25% $300,000
11 Rossmoyne WA Perth – South East $1,781,000 20% $300,000
12 Marmion WA Perth – North West $1,620,000 22% $295,000
13 Wembley Downs WA Perth – Inner $1,703,000 21% $290,000
14 Woodlands WA Perth – North West $1,628,000 21% $280,000
15 Booragoon WA Perth – South West $1,411,000 25% $279,000
16 Gumdale QLD Brisbane – East $1,738,000 19% $278,000
17 Attadale WA Perth – South West $1,758,000 18% $273,000
18 Ardross WA Perth – South West $1,499,000 22% $271,000
19 Mount Pleasant WA Perth – South West $1,706,000 19% $267,000
20 Winthrop WA Perth – South West $1,460,000 22% $266,000
21 St Lucia QLD Brisbane – West $1,993,000 15% $264,000
22 Cottesloe WA Perth – Inner $3,370,000 8% $263,000
23 Oakford WA Perth – South East $1,421,000 22% $260,000
24 Sorrento WA Perth – North West $1,555,000 20% $260,000
25 Wembley WA Perth – Inner $1,724,000 17% $257,000
26 Subiaco WA Perth – Inner $1,875,000 16% $257,000
27 Gwelup WA Perth – North West $1,407,000 22% $256,000
28 St Peters SA Adelaide – Central and Hills $2,303,000 12% $255,000
29 Salter Point WA Perth – South East $1,657,000 18% $250,000
30 Shenton Park WA Perth – Inner $1,899,000 15% $250,000
31 Carine WA Perth – North West $1,361,000 22% $249,000
32 North Beach WA Perth – North West $1,530,000 19% $243,000
33 Paddington QLD Brisbane Inner City $1,925,000 14% $243,000
34 Surfers Paradise QLD Gold Coast $2,583,000 10% $243,000
35 Mount Claremont WA Perth – Inner $2,091,000 13% $240,000
36 Stirling WA Perth – North West $1,224,000 24% $235,000
37 Bicton WA Perth – South West $1,401,000 20% $235,000
38 Karrinyup WA Perth – North West $1,383,000 20% $233,000
39 Burns Beach WA Perth – North West $1,305,000 22% $232,000
40 Toorak VIC Melbourne – Inner $4,825,000 5% $232,000
41 Collaroy NSW Sydney – Northern Beaches $3,696,000 7% $232,000
42 Coolbinia WA Perth – North West $1,855,000 14% $230,000
43 Leederville WA Perth – Inner $1,343,000 21% $229,000
44 Floreat WA Perth – Inner $2,116,000 12% $229,000
45 Cronulla NSW Sydney – Sutherland $3,119,000 8% $228,000
46 South Fremantle WA Perth – South West $1,664,000 16% $227,000
47 Hillarys WA Perth – North West $1,329,000 20% $225,000
48 Broadbeach Waters QLD Gold Coast $2,228,000 11% $225,000
49 Mount Lawley WA Perth – Inner $1,496,000 18% $224,000
50 Bondi NSW Sydney – Eastern Suburbs $4,016,000 6% $224,000
51 Duncraig WA Perth – North West $1,194,000 23% $221,000
52 Gelorup WA Bunbury $947,000 30% $220,000
53 Mosman Park WA Perth – Inner $2,101,000 12% $220,000
54 West Leederville WA Perth – Inner $1,641,000 15% $218,000
55 Alfred Cove WA Perth – South West $1,231,000 21% $216,000
56 Iluka WA Perth – North West $1,302,000 20% $216,000
57 Lindfield NSW Sydney – North Sydney and Hornsby $3,806,000 6% $215,000
58 South Perth WA Perth – South East $1,711,000 14% $214,000
59 West Lakes SA Adelaide – West $1,173,000 22% $213,000
60 Bondi Beach NSW Sydney – Eastern Suburbs $4,166,000 5% $213,000
61 Glenelg South SA Adelaide – South $1,870,000 13% $212,000
62 Melville WA Perth – South West $1,206,000 21% $211,000
63 Bateman WA Perth – South West $1,208,000 21% $211,000
64 Glenelg SA Adelaide – South $1,450,000 17% $211,000
65 Shelley WA Perth – South East $1,363,000 18% $210,000
66 Burraneer NSW Sydney – Sutherland $3,266,000 7% $208,000
67 Doubleview WA Perth – North West $1,172,000 21% $207,000
68 Ocean Reef WA Perth – North West $1,193,000 21% $205,000
69 Belmont QLD Brisbane – East $1,304,000 19% $205,000
70 Dover Heights NSW Sydney – Eastern Suburbs $7,007,000 3% $205,000
71 Kallaroo WA Perth – North West $1,089,000 23% $204,000
72 Leeming WA Perth – South West $1,148,000 22% $204,000
73 Clear Island Waters QLD Gold Coast $2,147,000 10% $204,000
74 Mindarie WA Perth – North West $1,110,000 22% $203,000
75 Mullaloo WA Perth – North West $1,174,000 21% $203,000
76 Dalkeith WA Perth – Inner $3,477,000 6% $201,000
77 Spring Hill QLD Brisbane Inner City $1,597,000 14% $200,000

Source: PropTrack. Suburbs ranked by $ change in median value. Only includes suburbs with a minimum of 200 properties with medium / high confidence AVM values.

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Nikki Gervasi | Real Estate Agency in Melbourne | Nicole Gervasi Property Group

AUTHOR

Director of Nicole Gervasi

Nicole has led over $1 billion in property transactions, building a future-focused business driven by repeat and referral clients. Known for her strategic mindset and strong national and international network, she has built a reputation for pushing boundaries and delivering results. Passionate about the art of negotiation, Nicole helps clients unlock long-term property growth with confidence and clarity.

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FAQs

There are different ways to value a property, including an agent appraisal, a bank valuation and other automated valuations.

We use many different data points to estimate a value.

We analyse a whole suite including;

  • property type (i.e. house, townhouse, strata title etc)
  • land size and location
  • comparable sales (i.e. similar homes that have sold nearby)
  • market trends, current and historical
  • property characteristics, such as the number of bedrooms, bathrooms, garages, and the size of the property’s footprint.

We also overlay data from government bodies and other sources – pinpointing the value of a home by looking at all of its components – land plus building.

Rather than look at what season to sell it, there are other major factors that drive property values up and down.

  • Supply and demand in the current property market (Your current property market)
  • Location
  • Interest Rates
  • Property features, size 7 type
  • Property & Land potential
  • First impressions and emerging trends: For example, don’t underestimate street appeal, or if there is a policy momentum behind an emerging trend, such as energy efficiency features.
  • The state of the economy

When selling your home, there are various approaches to consider that can help you maximize both the speed of sale and the sale price. One method is selling off-market, where interested buyers and investors are invited to view the property and make an offer before it’s publicly listed for sale. While this approach can be advantageous in some cases, it’s important to also consider the potential downsides before deciding if it’s right for you.

We aim to secure a good tenant for the property as soon as possible. In our experience, a well presented, well priced property will go relatively quickly. Factors such as rental vacancies in the area, property features, owner expectations, condition of the property, presentation and price will all contribute to the time a property is on the market.

We begin by verifying the applicant’s identity through a 100-point ID check and request rental references from their current agents or landlords to assess their history as tenants. Employment checks are conducted to confirm their financial stability and ability to meet rental payments. Additionally, we perform a detailed search to ensure they have no history of payment defaults, tenancy disputes, or property damage.

During our routine inspections we compile a detailed inspection 3D full HD walk through that also includes photographs outlining the condition of the property and note any preventative maintenance that is required and any damages that have occurred. You will receive one of these every six (6) months. We always update our owners on how the tenants have treated/cared for the property throughout their tenancy when it comes to lease renewal. Maintenance that has been addressed at a property will be inspected and we discuss with our tradesman to ensure that all work completed has been completed to a high standard.

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