Unlike the madness we saw throughout last year, the property market headlines in 2022 have been littered with talk of growth slowing, stagnating or even reversing.
While that may be the case in some locations, there are still hundreds of suburbs scattered all around Australia where median house prices have soared more than $100,000 in the first three months of the year alone.
Here we highlight some of the surprising suburbs that have delivered outstanding house price growth for 2022 so far.
Brisbane & Queensland
As the top-performing state over the past six months, it’s no surprise that there have been close to 80 Queensland suburbs where house prices have risen by more than $100,000 in the first quarter of 2022.
Whether it’s regional or metropolitan areas, the state’s South East has been the major hotspot for growth.
In Brisbane, house prices in the riverside Hamilton soared above +62 per cent in the three month period. Enoggera, Seven Hills and Kenmore also hit massive new highs.
Buddina and Mooloolaba on the Sunshine Coast exemplified the region’s huge demand while Ormeau Hills and Burleigh Heads delivered stellar growth for the Gold Coast.
Even rural Woodford was one of the state’s biggest movers with gains of more than +42 per cent.
As the data shows, there are plenty of locations in every state that have continued to turn in remarkable levels of growth in 2022.
With interest rates tipped to rise within months and new listings increasing all the time, though, the number of suburbs experiencing gains of that magnitude may begin to dwindle as the year goes on.
While there’s no knowing for sure what the future holds, sellers considering listing at some point in 2022 may be best positioned to do so sooner rather than later.
Getting a free estimation of your home’s value and speaking with a top local agent to understand current and future market conditions in your suburb are two of the best ways to start the process on the right footing.
Article Source: www.openagent.com.au
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