- Home
- Home Loans
- News
- Victoria dominates top performing suburbs report
Victoria dominates top performing suburbs report
Investors in Victoria may welcome the news that their state is home to most of Australia’s top-performing suburbs in terms of consistent median value growth, according to a recent CoreLogic report.
Located approximately 45 kilometres from the Melbourne CBD, the town of Wallan has experienced consistently strong median value growth over the past five years, making it the top performing suburb in Australia.
According to CoreLogic, Wallan’s median house value of $533,062 as of July 2018 experienced growth of 36.8% over the past 12 months; 55.2% over the past three years; and 63.1% over the past five years.
The only non-Victorian suburb in the top five was South Hobart in Tasmania, whose median value of $623,094, growing 35.3% over the past 12 months, 46.7% over the past three years and 64.1% over the past five years, earned it the number two spot.
| State | Suburb | Property Type | % Median Value Growth (12 months) |
|---|---|---|---|
| VIC | Wallan | Houses | 36.8% |
| TAS | South Hobart | Houses | 35.3% |
| VIC | Hastings | Units | 33.6% |
| VIC | Cockatoo | Houses | 32.6% |
| VIC | Coolaroo | Houses | 32.2% |
Source: CoreLogic
Out of the top 50 suburbs in CoreLogic’s recent July 2018 Top Performing Suburbs report, Victoria dominated the national list in terms of median value growth with 41 of the 50 suburbs, compared to six suburbs in New South Wales, two in Queensland, and just one in Tasmania.
CoreLogic research director, Tim Lawless, described these results as being “in alignment with the performance of the housing market generally being a two-speed market of Victoria and NSW performing more strongly than the rest of the country.”
Disclaimer
This article is over two years old, last updated on July 30, 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.
Compare home loans in Australia
5.99%
5.90%
$3,218
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.09%
6.10%
$3,249
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.04%
6.08%
$3,234
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
5.99%
6.48%
$3,448
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.39%
6.40%
$3,342
Australian Credit Licence 233714
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.69%
6.13%
$3,127
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
6.29%
6.20%
$3,311
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Special
- Investor
- Variable
- 20% min deposit
- P&I
6.84%
7.16%
$3,611
Australian Credit Licence 233714
Fees & charges apply
- Promoted
- Owner Occupied
- Variable
- 5% min deposit
- P&I
7.09%
7.09%
$3,563
Australian Credit Licence 234527
Fees & charges apply
- Promoted
- Cashback
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.95%
7.15%
$2,896
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 20% min deposit
- Interest Only
7.20%
6.90%
$3,000
Australian Credit Licence 234945
Fees & charges apply
- Promoted
- Investor
- Variable
- 40% min deposit
- Interest Only
6.99%
7.01%
$3,531
Australian Credit Licence 395219
Fees & charges apply
- Promoted
- Investor
- Variable
- 30% min deposit
- P&I
Product database updated 03 Jan, 2025
Share this page
Get updates on the latest financial news and products
By continuing, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
Promoted home loans
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.10%
Australian Credit Licence 234527
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.04%
Comparison rate* p.a.
6.08%
Australian Credit Licence 395219
Fees & charges apply
Solar Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.48%
Australian Credit Licence 395219
Fees & charges apply
Product data updated on 3 Jan 2025
