One capital city led the charge with eye-watering gains, and some suburbs posting almost 80 per cent growth in housing values since the onset of COVID-19.
abc.net.au/news/the-australian-suburbs-where-house-and-unit-values-have-risen/101744056However, property values have more recently been easing across most parts of the country, but still remain elevated after earlier, large increases attributed to the "COVID housing boom".
Places such as Mount Victoria or Umina Beach on the central Coast make the list for top-growth suburbs, and some of these areas are located a long way from their capital city's CBD. In Perth, south-west suburbs of Cooloongup , Hillman and Parmelia posted the largest growth over the period."The Adelaide increases are eye-watering and eye-catching," Eliza Owen, CoreLogic's head of research says.
"I suppose it is coming off a relatively low base and reflects some of the true demographic and structural transformations we've seen through the COVID period," Ms Owen says.
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