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Top Growth Suburbs in Australia (2024)

2024-06-01

Top Growth Suburbs in Australia (2024)
New South Wales (NSW) Kensington: A popular Eastern Sydney suburb, Kensington has seen significant rental growth, making it attractive for investors seeking rental income. Queensland (QLD) Dolphin Heads: Located in regional Queensland, Dolphin Heads experienced a 52% increase in unit prices, highlighting its strong growth potential. South Australia (SA) Elizabeth South: This northern suburb of Adelaide recorded a median house price increase of nearly 57%, marking it as Australia's top growth suburb in 2024. Western Australia (WA) Beachlands: In regional WA, Beachlands saw a 38.4% rise in house values, indicating robust growth in the area. Victoria (VIC) Williams Landing: A rapidly growing suburb in Melbourne's west, Williams Landing has benefitted from significant infrastructure development and population growth. These suburbs have demonstrated strong growth due to factors such as infrastructure development, affordability, and increasing demand. When considering investment opportunities, it is essential to analyse local market trends, rental yields, and long-term growth prospects.