These capital city suburbs might see house prices grow by 25%

By Gerv Tacadena

Capital city suburbs in Australia are expected to witness stellar price growths in the next three years.

The end of the housing downturn is nigh — many capital city suburbs in Australia are expected to witness stellar price growths in the next three years, according to a new forecast by Select Residential Property (SRP).

Suburbs in Sydney, Melbourne, and Brisbane might see prices rise by 17% to 25% by 2022. SRP said Brisbane would likely be the strongest of the three, as its suburbs have recorded the most robust price growth. Brisbane's Red Hill and Keperra are slated to see dwelling values inflate by 25% to $1.07m and $666,318, respectively.

Of the suburbs in Sydney, Roseville Chase is predicted to record the most significant price gain — its median dwelling value of $2.04m could jump by 21% to $2.46m by 2022. Healthy price increases are also expected in Beacon Hill, Narraweena, and Yarrrawarrah. These three suburbs could see their housing values climb by 20% in the next three years, according to SRP.

Balaclava is predicted to lead the housing recovery in Melbourne. Its current median price of $1.07m is projected to grow by 20% to $1.29m.

The tables below show the complete list of capital city suburbs with the most substantial price-growth forecast in the next three years.

Sydney suburbs

Three-year growth forecast

Median in 2022

Roseville Chase

21%

$2.46m

Beacon Hill

20%

$1.59m

Narraweena

20%

$1.59m

Yarrawarrah

20%

$1.10m

North Narrabeen

19%

$1.64m

Bardwell Park

19%

$1.30m

Westleigh

19%

$1.42m

Killarney Heights

18%

$1.90m

Cromer

18%

$1.61m

Bronte

18%

$3.57m

 

Melbourne suburbs

Three-year growth forecast

Median in 2022

Balaclava

20%

$1.29m

South Melbourne

18%

$1.43m

Watsonia North

18%

$848,718

Carlton

18%

$1.40m

Flemington

17%

$1.09m

Gladstone Park

17%

$717,668

Hawthorn

17%

$2.09m

Coburg North

17%

$876,076

St. Kilda East

17%

$1.48m

Collingwood

17%

$1.07m

 

Brisbane suburbs

Three-year growth forecast

Median in 2022

Red Hill

25%

$1.07m

Keperra

25%

$666,318

Mount Gravatt

24%

$785,951

Arana Hills

24%

$700,345

Rochedale South

24%

$620,569

Morningside

23%

$899,903

Chermside West

23%

$725,243

Tingalpa

23%

$678,348

Greenslopes

23%

$892,286

Holland Park

23%

$883,065

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