Australia’s housing market recorded outstanding capital growth over 2021, with the estimated value of residential real estate now $9.4 trillion; a new record high.

In the 12 months to 30 November, property values surged by 22.2% nationally, the largest annual increase since 1989. The synchronised upswing saw almost every capital city and rest of state region reach record high values, with the exceptions of WA and NT.

CoreLogic’s annual Best of the Best 2021 report is the most comprehensive overview of top performing residential markets and provides suburb-level insights across a variety of measures to reveal Australia’s strongest performers over the year.

Best of the Best features areviewof the property market that was as well as an exclusivepreviewof what may lie ahead in 2022.

It also reveals the top suburbs nationally, highlighting the standout performers in each capital city and rest of state regions across the following metrics:

  • Top 5 sales including address, price and sale date (dwellings)
  • Top 5 highest total value of sales (houses & units)
  • Top 10 highest and lowest median values (houses & units)
  • Top 10 highest 12-month change in median values (houses & units)
  • Top 10 highest 12-month change in rents (houses & units)
  • Top 10 highest gross rental yields (houses & units).

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Australia's Best of the Best report cover

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