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A report from PropTrack revealed the suburbs that witnessed the highest six-month growth in median value over the first half of the year.

During the first six months of 2023, national property prices have increased by 2.3%. However, the growth has been more significant in certain suburbs, with some experiencing as much as a 14.4% rise in median house value.

In the house segment, Hurlstone Park in Sydney’s Inner West achieved the highest growth at 14.4%, with its median value reaching $2.04m.

Following closely is Fairlight in Sydney’s Northern Beaches, where the median value of a home rose 13.4% to $3.68m.

Smithfield Plains in Adelaide North ranked third — despite hitting a 13.1% growth, its median price remained affordable at $378,000.

Here’s the complete list of suburbs with the biggest gains in median house values over the first six months of 2023:

Biggest gainers in house values – H1 2023

Suburb

SA4 Region

Current median value ($)

6-month change (%)

Hurlstone Park 

Sydney - Inner West 

2.04m

14.4

Fairlight 

Sydney - Northern Beaches 

3.68m

13.4

Smithfield Plains 

Adelaide - North 

378,000

13.1

Kings Langley 

Sydney - Blacktown 

1.42m

13.1

Biggenden 

Wide Bay 

309,000

13.0

Andrews Farm 

Adelaide - North 

470,000

12.4

Elizabeth North 

Adelaide - North 

353,000

12.3

Davoren Park 

Adelaide - North 

360,000

12.3

Brookdale 

Perth - South East 

369,000

12.1

Manly 

Sydney - Northern Beaches 

4.67m

12.1

Across the unit markets, Sydney suburbs topped the list, hitting gains of up to 12.7% during the first half of the year. Six of the top 10 suburbs for unit price gains during the period were from Sydney.

Biggest gainers in unit values – H1 2023

Suburb

SA4 Region

Current median value ($)

6-month change (%)

Forest Lodge 

Sydney - City and Inner South 

1.20m

12.7

Kirribilli 

Sydney - North Sydney and Hornsby 

1.88m

12.5

Haymarket 

Sydney - City and Inner South 

1.02m

12.5

Palm Cove 

Cairns 

558,000

12.5

Christie Downs 

Adelaide - South 

460,000

11.9

Millers Point 

Sydney - City and Inner South 

1.84m

11.8

Point Piper 

Sydney - Eastern Suburbs 

5.61m

11.4

Lavender Bay 

Sydney - North Sydney and Hornsby 

1.40m

11.2

Brisbane City 

Brisbane Inner City 

596,000

11.0

Newcastle West 

Newcastle and Lake Macquarie 

796,000

11.0

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
70%
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  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
5.99% p.a.
5.90% p.a.
$2,396
Principal & Interest
Variable
$0
$0
80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
$2,434
Principal & Interest
Variable
$0
$250
60%
  • Find out your loan eligibility in 2 minutes or less
  • Complete your application in less than 20 minutes
  • Low fees and fast approval times
5.95% p.a.
5.95% p.a.
$2,385
Principal & Interest
Variable
$0
$0
90%
5.94% p.a.
5.95% p.a.
$2,383
Principal & Interest
Variable
$0
$0
90%
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

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