While national property price growth has eased in the past 12 months, new analysis reveals the locations that are still outperforming, with many still in the broader capital city markets. 

Cotality (formerly CoreLogic) analysis shows that in the 12 months to May, the strongest locations were in Perth and Adelaide. Despite a slowdown of transaction levels, the Perth market had strong dwelling price growth, led by the Swan North East area, which is up by 14.2%, Mundaring up 13.3% and Kwinana up 12.9%. Adelaide’s Gawler region is up 13.9%, Playford North, 12% and Mitcham South, 12.3%. The outer LGAs of Greater Brisbane were the best performers with Beenleigh up 12.8%, the Ipswich Hinterland up by 11.4% and Caboolture up by 11%.

Sydney’s top performer is the Fairfield region, with median dwelling values up by 7.4%, followed by St Mary’s, up 7.3% and Wollondilly, which is up by 7.3%.

Growth was much more subdued in Melbourne. The best performers are the Tullamarine – Broadmeadows which is up 1.9%, Frankston, up 1.8% and Hobsons Bay up 1.7%.