2025 | Top growth suburbs in Australia right now
Learn more about our editorial guidelines.
Johanna is one of the co-CEOs of OpenAgent. She has over 8 years of experience in the real estate industry through her work at OpenAgent and holds a class 2 real estate license in NSW. Previously, Johanna worked at hipages.com.au, Australia's largest trade marketplace, where she built her experience understanding renovations and home improvements for 7+ years.
Learn more about our editorial guidelines.
Australia’s property market was led by three states in particular in 2024 — Western Australia, Queensland and South Australia — with some unexpected suburbs shooting up the charts thanks to outstanding price growth. But what do these top-performing areas have in common?
According to CoreLogic’s Best of the Best 2024 report, the strongest growth suburbs across the country shared one key trait: affordability. All ten of the nation’s biggest risers had median house prices well below their respective capital city or state averages, proving that demand for value-packed properties has surged amidst high interest rates and rising living costs.
Whether you’re a homeowner curious about where the market’s booming or an investor looking for the next opportunity, here’s a closer look at Australia’s top 10 growth suburbs of 2024.
Using data to identify high growth suburbs
High growth suburbs tend to have one or more - sometimes all - of the following factors present:
- Consistent and rapid rise in property values over a relatively short time frame.
- Properties sell quickly, and don’t spend many days on market (DOM), a sign there is strong demand in a suburb.
- Rising rental yields, which is a value of how much income a property could fetch over a timeframe, as a proportion of its value. Higher yields indicate there is strong demand for rental accommodation.
- High auction clearance rates, which are reported as a percentage of the number of properties sold over a week/month.
- Low vacancy rates indicate strong demand for rental property in an area.
Let’s now look at ten suburbs that performed well beyond the norm in 2024.
Top 10 growth suburbs in Australia right now
1. Beachlands, WA 6530
Beachlands, a coastal gem in regional Western Australia, took the crown as the nation’s top growth suburb in 2024, with prices soaring +38.4 per cent to reach a median of $391,659.
Situated in the Greater Geraldton region, around 400km north of Perth, Beachlands offers a blend of charming heritage homes, modern builds, and scenic coastal views. Its relatively affordable price point compared to other WA coastal towns has attracted both investors and sea changers seeking a relaxed lifestyle without breaking the bank. The suburb’s proximity to Geraldton’s CBD, beaches, and local schools has made it an increasingly attractive prospect for families and retirees alike.
- Median house price: $391,659
- Growth over 12 months: +38.4%
2. Bellevue, WA 6056
Bellevue, a quiet pocket east of Perth, surged +36.9 per cent in 2024, lifting its median house price to $674,768.
Located just 20km from the Perth CBD, Bellevue offers a blend of established homes and new developments, making it a prime spot for families seeking space and accessibility. With easy access to the Swan Valley wine region and expanding infrastructure projects nearby, demand has been strong. Investors are also eyeing the area for its blend of lifestyle appeal and affordability compared to nearby suburbs.
- Median house price: $674,768
- Growth over 12 months: +36.9%
3. Rasmussen, QLD 4815
Rasmussen, a riverside suburb located within Townsville, Queensland, delivered a stunning +35.9 per cent growth, with its median house price hitting $456,080.
Known for its family-friendly vibe and leafy surroundings along the Ross River, Rasmussen has been attracting both first-home buyers and investors seeking affordable housing with strong rental demand. The suburb’s proximity to James Cook University and local shopping hubs adds further appeal, while Townsville’s broader economic growth has kept demand high.
- Median house price: $456,080
- Growth over 12 months: +35.9%
4. Toolooa, QLD 4680
Toolooa, a suburb in the Gladstone region of Queensland, saw its median house price climb to $425,800 after a +35.6 per cent annual increase.
Positioned near Gladstone’s industrial hub, Toolooa has become a hotspot for workers seeking affordable housing close to employment zones. Its blend of older homes and modern estates appeals to a wide range of buyers, while rental demand has surged due to the suburb’s affordability and proximity to the city centre.
- Median house price: $425,800
- Growth over 12 months: +35.6%
5. Beverley, WA 6304
Beverley, a charming rural town in regional WA, matched Toolooa with a +35.6 per cent growth rate, bringing its median house price to $397,288.
Situated 130km east of Perth, Beverley offers a peaceful country lifestyle with historic cottages, a strong sense of community, and growing interest from tree-changers looking for affordable acreage. The town’s affordability and the trend of remote working have both contributed to its impressive growth figures in 2024.
- Median house price: $397,288
- Growth over 12 months: +35.6%
6. Balga, WA 6061
Balga, located just 13km north of Perth’s CBD, continued its upward trend with a +35.0 per cent increase, pushing the median house price to $662,263.
Its convenient location, access to parks, and proximity to schools make it popular with families, while the area’s more affordable price point compared to other inner suburbs has drawn steady interest from first-home buyers. The suburb has also seen increasing investor interest thanks to strong rental demand and promising long-term growth potential.
- Median house price: $662,263
- Growth over 12 months: +35.0%
7. Barney Point, QLD 4680
Barney Point, a picturesque coastal suburb near Gladstone, saw house prices surge +34.6 per cent in 2024, reaching a median of $383,567.
This hidden gem offers waterfront living at an entry-level price, making it a prime spot for those seeking affordable coastal homes. Its proximity to Gladstone’s employment hub and the continued infrastructure development in the area have made it a rising star for both homeowners and investors.
- Median house price: $383,567
- Growth over 12 months: +34.6%
8. Cosgrove, QLD 4818
Cosgrove, a modern suburb in Townsville’s north, also saw +34.6 per cent annual growth in 2024, with a median house price now at $627,400.
The area offers new housing estates, a family-friendly environment, and easy access to the Bruce Highway, making it ideal for commuters. With Townsville experiencing population growth and expanding employment opportunities, suburbs like Cosgrove have been in high demand.
- Median house price: $627,400
- Growth over 12 months: +34.6%
9. Wonthella, WA 6530
Wonthella, another standout in the Greater Geraldton region, climbed +34.2 per cent in 2024, with a median house price of $391,658.
Known for its mix of charming older homes and modern renovations, Wonthella has attracted buyers looking for value in a coastal setting. The suburb also boasts excellent sporting facilities and community hubs, adding to its appeal for families.
- Median house price: $391,658
- Growth over 12 months: +34.2%
10. Stratton, WA 6056
Rounding out the top 10 is Stratton, a suburban hub east of Perth, which saw a +34.1 per cent surge in 2024, with a median house price of $662,263.
Offering proximity to the Swan Valley, family parks, and key amenities, Stratton has become a favourite for families and first-home buyers seeking affordable entry points into the Perth market. Ongoing development in the area and continued affordability compared to nearby suburbs make it a promising location moving forward.
- Median house price: $662,263
- Growth over 12 months: +34.1%
