Most suburbs in growth mode

Most suburbs in growth mode

Property values increased in 82.4% of suburbs during the three months to October, according to a CoreLogic analysis of 4,506 house and unit markets across Australia.

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CoreLogic head of research Eliza Owen said the broader national housing market was continuing to grow, although there was increasing diversity in performance among individual capital city markets.

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“That’s reflected in city-wide growth rates, the various levels of supply that’s available in some cities over others, and it’s reflected in the different suburbs we analyse in this report,” she said.

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* Strong markets = Adelaide, Perth, Brisbane

* Moderate markets = Sydney, Melbourne

* Weak markets = Hobart, Canberra, Darwin

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