Sydney property values have fallen for seven straight months, but property entrepreneur John McGrath says the market is nearing the end of its slide. In the annual McGrath Report, he said past corrections saw markets gain an average of 32 per cent in the three years that followed. Mr McGrath named Campsie as the top up-and-coming suburb in New South Wales, with Sandringham, Roseville Chase, Glebe and Wamberal also on his list. Trent Tarbey, of the McGrath Brighton-Le-Sands office, said blue chip suburbs such as Sandringham have been less affected because supply is scarce.
Real estate figure John McGrath says the big city property markets are close to the bottom after a sharp fall in values. In his McGrath Report 2027, he names 40 suburbs he expects to grow over the year ahead across New South Wales, Victoria, Queensland and Tasmania. Picks include Campsie, Narooma, Sunshine, Mildura, Beenleigh, Maryborough, Chigwell and Mayfield. McGrath says most big metropolitan markets are down 10 to 15 per cent over the past six months, with some down 20 per cent.
Property values across South Australia have fallen in the latest quarter, according to Valuer-General figures. Adelaide's median house value dropped 2.56 per cent to $950,000, and the state median fell 2.1 per cent. Metropolitan units rose 0.71 per cent. Port Noarlunga South recorded the highest annual growth among suburbs with at least 10 sales in both periods, with home values up 52.59 per cent to a $1.03 million median. Gulfview Heights and Somerton Park recorded large annual falls.
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Home prices in many Australian suburbs have grown sharply since 2011, when interest rates were last this high. Analysis of realestate.com.au data shows the largest gains, with New South Wales and Queensland accounting for eight of the top ten house-price performers. The median sale price in Pokolbin, in the NSW Hunter Valley, is up 417% on 2011. Realestate.com.au senior economist Anne Flaherty says households now spend a much larger share of their income on housing. The Reserve Bank has raised the cash rate to 4.6%, and home prices are now 3.3% below their March 2026 peak.
Property prices in many Australian suburbs have grown strongly since 2011, when interest rates were last at this level. Analysis of realestate.com.au data found the Hunter Valley suburb of Pokolbin had the largest rise in house sale prices, up 417%. Gold Coast and Sunshine Coast suburbs featured widely among the top performers. Economist Anne Flaherty said average new home loans have risen from about $282,400 in November 2011 to $731,000 by June 2026, making housing costs a larger share of household incomes.
Adelaide's top suburbs for property investors have been named, according to a report by journalist Jessica Brown published on 19 October 2026. Further details about the rankings were not available in the material provided.
Realestate.com.au data projects that hundreds of suburbs across Australia will grow strongly over the next five and 10 years, despite the current housing downturn. The projections show some Queensland suburbs could double in value by 2036, while Sydney homes priced under $1 million are becoming rarer. Adelaide's northern suburbs could rise by up to 250 per cent, and 69 Melbourne suburbs could see six-figure gains by 2031. Economist Angus Moore said the figures reflect historical trends rather than predictions of actual prices.
Dozens of Australia's premium suburbs have dropped out of the most expensive price bracket since September 2025, with 52 suburbs and 66 unit markets falling. Most were in Sydney and Melbourne, where citywide median prices fell 5% and 5.2% over the past 12 months. Realestate.com.au economist Megan Lieu said higher interest rates have limited borrowing capacity at the top end of the market. Meanwhile, several suburbs in Brisbane, Adelaide and Perth have moved into the top bracket after strong price growth, including Kuraby and Sunnybank in Brisbane.
