RateCity.com.au
powering smart financial decisions
RateCity.com.au

Suburbs with the greatest property change revealed

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.

Did you find this helpful? Why not share this news?

This article was reviewed by Property & Personal Finance Writer Nick Bendel before it was published as part of RateCity's Fact Check process.

Advertisement

RateCity

Related news