Australia’s real estate market growth since February 2024 is driven by a handful of standout capital cities where significant price growth has been recorded over the last 12 months. According to data from CoreLogic, the three cities that experienced strong annual house price growth are Perth (17.6%), Adelaide (13.07%), and Brisbane (11.03%).
Most of Australia's highest-growth real estate areas are also in the respective states of each capital city. We’ve compiled the latest data on the top performing real estate areas in Australia to guide the search for property investment opportunities.
Australia's highest-growth real estate areas
State | Suburb / Postcode | Median house price | YoY price growth from Feb 2024 - 2025 |
QLD | Boonooroo, 4650 | $710,000 | 47.9% |
SA | Woodville Park, 5011 | $1,110,000 | 46.1% |
WA | Beverley, 6304 | $397,000 | 41.8% |
QLD | Thuringowa Central, 4817 | $502,000 | 39.8% |
WA | Bellevue, 6056 | $620,000 | 37.8% |
WA | Armadale, 6112 | $565,000 | 37.1% |
WA | Camillo, 6111 | $585,000 | 36.0% |
QLD | Rasmussen, 4815 | $445,000 | 34.8% |
SA | Port Victoria, 5573 | $590,000 | 34.0% |
QLD | Barney Point, 4680 | $370,000 | 33.6% |
1. Boonooroo, 4650
Located on Queensland’s Fraser Coast, Boonooroo is a small coastal town that has experienced a growth rate of 47.9% since February 2024 - median house prices as of early 2025 are $710,000. Surrounded by natural reserves like Poona National Park and a multitude of access points to the water for boating and fishing activities, real estate growth in Boonooroo is influenced by sea-changers moving to the area.
Median house price: $710,000
Year-on-year price growth since Feb 2024: 47.9%
2. Woodville Park, 5011
Woodville Park is a northwestern suburb of Adelaide, 8km from the city centre. Comfortable character homes, easy access to amenities, and a local train station, make Woodville Park a rare find so close to the city. Woodville Park boasts a 46.1% annual growth rate, with house prices just over the $1 million mark.
Median house price: $1,110,000
Year-on-year price growth since Feb 2024: 46.1%
3. Beverley, 6304
Beverley is a country town located 130 km southeast of Perth that serves as the commercial and industrial support centre for Western Australia’s Wheatbelt region. Beverley has seen a year-on-year growth rate of 41.8%, which is partly due to a strong agricultural economy and the growing popularity of rural residential estates among homeowners. The town’s local airport and train station provide connectivity to Perth and surrounding towns for residents.
Median house price: $397,000
Year-on-year price growth since Feb 2024: 41.8%
4. Thuringowa Central, 4817
Thuringowa Central was the CBD of the City of Thuringowa before its merger with the City of Townsville. Thuringowa Central is now a suburb located 12.8 km from the Townsville CBD, offering a range of city amenities and infrastructure typically found in a major city centre, yet with house prices at a considerably more affordable average of $502,000. Amenities include the Willows Shopping Centre, a local library that serves as a community hub, and Weir State School.
Median house price: $502,000
Year-on-year price growth since Feb 2024: 39.8%
5. Bellevue, 6056
Bellevue is a Perth suburb situated 23 km from the CBD, offering great connectivity via the Roe Highway that passes through its centre, as well as multiple bus routes to the city. Bellevue is situated on the outskirts of Perth, emerging as a rapidly developing suburban area that offers a mix of both existing and new developments.
Median house price: $620,000
Year-on-year price growth since Feb 2024: 37.8%
6. Armadale, 6112
Located in Perth’s eastern suburbs, Armadale is one of Western Australia's fastest-growing suburbs, with a 46% increase in population over the last 10 years. Armadale is an affordable option for homebuyers and investors, with a median house price that is yet to break $600,000. To support the rapid influx of new residents, Armadale is slated for ongoing development, including the addition of a world-class water sports venue and a district hall, all of which add to its overall lifestyle appeal.
Median house price: $565,000
Year-on-year price growth since Feb 2024: 37.1%
7. Camillo, 6111
Camillo is a suburb 25 km from the Perth CBD. Real estate growth in Camillo has increased by 36.0% over 12 months, a sign of the residential demand for more affordable housing on the outskirts of Perth. Camillo offers residents plenty of open spaces, such as the local trail loop around Wright Lake, alongside amenities like primary schools in Westfield Park and Grovelands, and the Champion Lakes Shopping Centre. Available residential lots in Camillo are also larger than in suburbs closer to the city, ideal for growing families.
Median house price: $585,000
Year-on-year price growth since Feb 2024: 36.0%
8. Rasmussen, 4815
Rasmussen is a riverside suburb in Townsville with an average house price of $445,000. Rasmussen's standout feature is its proximity to James Cook University, ideal for student accommodation. The Bruce Highway to the north of Rasmussen provides easy access to the rest of Townsville and North Queensland, while nearby shops, chemists, and doctors are just a few minutes walk away.
Median house price: $445,000
Year-on-year price growth since Feb 2024: 34.8%
9. Port Victoria, 5573
Port Victoria is a seaside town in South Australia located on the western coastline of the Yorke Peninsula. With a rich maritime history, the town is a popular holiday destination among those visiting Wardang Island off the coast. Holiday rental properties play a critical role in Port Victoria’s real estate market, presenting an opportunity for buyers who see the potential of the town’s rising real estate price growth of 34%.
Median house price: $590,000
Year-on-year price growth since Feb 2024: 34.0%
10. Barney Point, 4680
Barney Point is Gladstone’s premier waterfront suburb, located 3.5 km from the city centre. With its own beach and local sports club, Barney Point offers buyers a home along the coast at an affordable price point of $370,000. With year-on-year price growth of 33.6%, Barney Point is a fast-growing opportunity for investors.
Median house price: $370,000
Year-on-year price growth since Feb 2024: 33.6%
