10 Aussie suburbs that saw double-digit property price growth

PHOTO: Adelaide, Melbourne, Hobart, and Sydney saw double-digit property price growth in the 12 months leading up to 31 May 2019. (Photos: Getty)

Property prices have been declining since 2017 – but there have been some suburbs in a few key metro Australian cities that have bucked the downwards trend.

According to realestate.com.au, the top 10 suburbs for house price growth in the 12 months to the end of May 2019 have all been clustered in Adelaide, Sydney, Hobart and Melbourne.

Adelaide’s Highbury topped the list, with a whopping 26 per cent.

This was followed by Palm Beach in Sydney at 24 per cent and Hobart’s Chigwell at 23 per cent.

At the bottom of the list was Sydney’s Collaroy, but even this suburb saw 19 per cent growth, a remarkable figure in a city that saw stratospheric falls in house prices.

Among the top 10, four suburbs were from Adelaide, with two each in Sydney, Hobart, and Melbourne.

But the median sale prices across the last 12 months varied significantly: Smithfield Plains in Adelaide saw median sales prices of just $212,000, while the average price of Palm Beach properties hovered around $3.4 million.

Here’s the full list: