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Suburbs with the greatest property change revealed
CoreLogic research has revealed the Australian suburbs that experienced the greatest change in listings over the 12 months to May 2017 and 12 months to May 2018.
Suburbs with the greatest 12 month change in the number of properties listed for sale
The major regional town of Katherine in the Northern Territory has experienced the greatest increase in properties listed for sale over the year (97.8 per cent). This was followed by the mining town of Clermont in Queensland, with the second largest listings increase (80.3 per cent).
All states saw growth in the number of properties advertised for sale than they had a year ago, except for Tasmania. Moonah was the only suburb in the state that saw growth in this area.
State | Suburb | Region | No. of Listings | 12 month change |
NSW | Winmalee | Sydney | 121 | 47.6% |
NSW | Bulli | Regional NSW | 110 | 44.7% |
NSW | Warriewood | Sydney | 193 | 44.0% |
NSW | Hillsdale | Sydney | 100 | 42.9% |
NSW | Prospect | Sydney | 81 | 42.1% |
VIC | Nhill | Regional VIC | 125 | 71.2% |
VIC | Yarram | Regional VIC | 172 | 68.6% |
VIC | Charlton | Regional VIC | 89 | 50.8% |
VIC | Herne Hill | Regional VIC | 127 | 47.7% |
VIC | Heyfield | Regional VIC | 79 | 46.3% |
QLD | Clermont | Regional QLD | 238 | 80.3% |
QLD | Hughenden | Regional QLD | 97 | 76.4% |
QLD | Cloncurry | Regional QLD | 202 | 75.7% |
QLD | Monto | Regional QLD | 115 | 69.1% |
QLD | Innisfail Estate | Regional QLD | 107 | 64.6% |
SA | Fairview Park | Adelaide | 79 | 36.2% |
SA | Berri | Regional SA | 143 | 33.6% |
SA | Whyalla Norrie | Regional SA | 183 | 32.6% |
SA | Port Pirie West | Regional SA | 175 | 32.6% |
SA | Risdon Park | Regional SA | 227 | 32.6% |
WA | Usher | Regional WA | 90 | 66.7% |
WA | Wagin | Regional WA | 98 | 50.8% |
WA | Merredin | Regional WA | 150 | 41.5% |
WA | Withers | Regional WA | 165 | 39.8% |
WA | Katanning | Regional WA | 194 | 38.6% |
TAS | Moonah | Hobart | 116 | 7.4% |
TAS | Montello | Regional TAS | 64 | -1.5% |
TAS | Lindisfarne | Hobart | 122 | -2.4% |
TAS | Prospect Vale | Regional TAS | 143 | -4.7% |
TAS | Lenah Valley | Hobart | 114 | -5.8% |
NT | Katherine | Regional NT | 182 | 97.8% |
NT | Araluen | Regional NT | 84 | 55.6% |
NT | Bayview | Darwin | 92 | 46.0% |
NT | Larrakeyah | Darwin | 153 | 45.7% |
NT | Tennant Creek | Regional NT | 81 | 42.1% |
ACT | Pearce | Canberra | 69 | 35.3% |
ACT | Scullin | Canberra | 69 | 35.3% |
ACT | Holder | Canberra | 66 | 26.9% |
ACT | Braddon | Canberra | 153 | 25.4% |
ACT | Deakin | Canberra | 64 | 23.1% |
Source: CoreLogic
Suburbs with the greatest 12 month fall in the number of properties listed for sale
Regional NSW suburb , Tallwoods Village, saw the greatest fall in listings over the year (-61.3%). While regional areas tend to have higher declines in for-sale listings, capital cities saw the majority of declines over the 12 months to May 2017 and 12 months to May 2018. They accounted for 25 of 40 suburbs listed.
State | Suburb | Region | No. of Listings | 12 month change |
NSW | Tallwoods Village | Regional NSW | 53 | -61.3% |
NSW | Gregory Hills | Sydney | 50 | -60.3% |
NSW | Edmonson Park | Sydney | 60 | -60.0% |
NSW | Broken Hill | Regional NSW | 371 | -54.7% |
NSW | Batehaven | Regional NSW | 85 | -55.7% |
VIC | Ballarat | Regional VIC | 193 | -48.8% |
VIC | Hadfield | Melbourne | 84 | -47.8% |
VIC | St Albans Park | Regional VIC | 69 | -43.9% |
VIC | Coronet Bay | Regional VIC | 59 | -43.8% |
VIC | Bell Park | Regional VIC | 98 | -39.1% |
QLD | Cornubia | Brisbane | 89 | -46.4% |
QLD | Burpengary East | Brisbane | 94 | -45.0% |
QLD | Kleinton | Regional QLD | 54 | -44.9% |
QLD | Virginia | Brisbane | 56 | -42.9% |
QLD | Dundowran Beach | Regional QLD | 93 | -42.6% |
SA | Smithfield Plains | Adelaide | 56 | -45.1% |
SA | Gawler East | Adelaide | 117 | -42.9% |
SA | Woodville West | Adelaide | 62 | -41.5% |
SA | Edwardstown | Adelaide | 58 | -40.8% |
SA | Hindmarsh Island | Regional SA | 51 | -37.8% |
WA | Alkimos | Perth | 91 | -54.5% |
WA | Golden Bay | Perth | 67 | -53.5% |
WA | Swanbourne | Perth | 61 | -53.1% |
WA | Medina | Perth | 66 | -47.2% |
WA | Kununurra | Regional WA | 75 | -46.4% |
TAS | Primrose Sands | Hobart | 56 | -60.0% |
TAS | Port Sorell | Regional TAS | 55 | -56.0% |
TAS | Old Beach | Hobart | 70 | -52.1% |
TAS | Deloraine | Regional TAS | 84 | -51.4% |
TAS | Mowbray | Regional TAS | 85 | -50.3% |
NT | Karama | Darwin | 79 | -16.8% |
NT | Leanyer | Darwin | 85 | -15.5% |
NT | Zuccoli | Darwin | 51 | -10.5% |
NT | Larapinta | Regional NT | 60 | -9.1% |
NT | Gunn | Darwin | 84 | -5.6% |
ACT | Duffy | Canberra | 59 | -34.4% |
ACT | Evatt | Canberra | 63 | -33.7% |
ACT | Lyons | Canberra | 62 | -31.1% |
ACT | Wanniassa | Canberra | 96 | -30.4% |
ACT | Theodore | Canberra | 52 | -27.8% |
Source: CoreLogic
CoreLogic Head Researcher, Cameron Kusher, noted that this change may be reflective of the overall slowing down in the housing market.
“The number of properties for sale is climbing in Sydney and Melbourne, providing for less urgency amongst buyers and more time to negotiate.
“As stock levels rise, buyers become more empowered and vendors may need to rethink their pricing expectations and marketing strategies,” said Mr Kusher.
Disclaimer
This article is over two years old, last updated on June 26, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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