See the full list: The suburbs where home prices have grown as much as 417 per cent

Detailed summary
Median sale prices have doubled from metropolitan Sydney and Darwin through to coastal cities and regional towns. Suburbs along the east coast represent the largest grow ...
In 2011, Australia's property market was valued at around $4.2 trillion.
Fifteen years later, it's worth more than $12 trillion, according to the latest update from the Australian Bureau of Statistics.
But growth in property value has varied largely due to lifestyle factors and development booms, analysis by real estate advertiser REA Group on prices since 2011 shows.
In Pokolbin, in NSW's Hunter Valley region, the median house price in 2011 was $315,000. Now, it sits at $1,628,000, having risen 417 per cent.
Rounding out the top 10 behind Pokolbin, the suburbs with the largest growth in median sale prices for houses across the country are Jordan Springs (NSW), Palm Beach (NSW), Byron Bay (NSW), Mermaid Waters (QLD), Bellamack (NT), Boolaroo (NSW), Buddina (QLD), Miami (QLD) and Forde (ACT).
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Use our interactive below to see the areas in each state that have experienced the highest growth in median sales prices over the last fifteen years.
The largest growth has been in Palm Beach (QLD), Bogangar (NSW), Tugun (QLD), Jindabyne (NSW), Miami (QLD), Reedy Creek (QLD), Mona Vale (NSW), Currumbin Waters (QLD), Double Bay (NSW) and Casuarina (NSW).
In the Gold Coast's Palm Beach, the median sale price for a unit is $1.2 million, an increase of 260 per cent from its value 15 years ago. Similar growth has been seen in suburbs along the Gold Coast.
Opening of the article, excerpted from SBS News. To read the rest, open the article on the publisher's site.
MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.sbs.com.au)


