The 10 Australian suburbs with record sales have been revealed, including both traditionally high-performing suburbs and up-and-coming areas.
Eleanor Cree, senior economist at PropTrack, said the latest house price index shows prices will rise every month through 2023 and remain resilient despite rising interest rates. .
“Prices are at all-time highs in many markets after completely erasing the 2022 selloff and setting new records,” Cree said.
“Broadly speaking, the top end of the market has outperformed this year after leading the recovery in the first half despite continued interest rate increases, supported by demand from large deposit buyers who are less exposed to rising interest rates. did.”
Mr Cree said affordable suburbs were also recording strong growth.
“Buyer demand remains strong in more affordable areas as maximum loan amounts have been reduced by more than 30% following record interest rate increases,” he said.
Top 10 suburbs that broke records in 2023
The following 10 suburbs are ranked based on the percentage difference between their record sales price in 2023 and their previous highest sales price.
This data only includes homes sold on realestate.com.au in 2023.
| rank | position | Record sales increase |
| 1 | Milperra, New South Wales | 119% |
| 2 | New Farm, Queensland | 107% |
| 3 | Taigam, Queensland | 101% |
| Four | Ayr, SA | 99% |
| Five | Hurstville Grove, New South Wales | 98% |
| 6 | Newtown, New South Wales | 97% |
| 7 | Stoneville, Washington | 89% |
| 8 | Junction Village (Victoria) | 85% |
| 9 | Blair Athol, SA | 76% |
| Ten | Closeburn, Queensland | 75% |
1. Milperra, New South Wales
Milperra set a new record in June when it sold a luxury waterfront property at 9 Old Avenue for $4.1 million. This is the highest price ever paid for a home in Sydney's south-west suburbs.
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The home at 9 Old Avenue sold for 119% more than the previous Milperra record holder. Photo: Realestate.com.au
This designer six-bed family home surpassed the suburb's previous record of $1.87 million, set in November 2022, an increase of a whopping 119%.
While the luxurious, nearly new construction was an attraction in itself, the property's impressive 1,900 square meter land ownership and absolute waterfront position on the River Georges undoubtedly drove the huge sale price.
2. New Farm, Queensland
A historic colonial mansion at 101 Wellsby Street has sold for $20.5 million, setting new records for both the New Farm suburb and the city of Brisbane.
101 Wellsby Street, New Farm, sold for 107% more than the previous record price for the suburb. Photo: Realestate.com.au
This majestic estate on Bulimba Reach more than doubles the suburb's previous sales record of $9.9 million in December 2020.
Arguably New Farm's most famous heritage property, the classic Queenslander was built in 1892 by prominent Brisbane figure Thomas Welsby, as Ray White's Matt Lancashire points out.
3. Taigam, Queensland
Taigam's most expensive property, located 15 kilometers north of New Farm, more than doubled in price in September when 321 Logan Road sold for $5.4 million. Just four months ago, the suburb's highest sales record was his for $2.695 million.
The sale of 321 Roghan Road more than doubles Tygam's previous record price. Photo: Realestate.com.au
The 2.78 hectare site is located in a low-to-medium density residential zone, and last year a DA proposal was submitted for 39 new residential lots, a park, a waterway corridor reserve and a new road.
4. Ayr, SA
One of Adelaide's most affordable areas has also seen significant price increases, with the unloading of 302 Womma Road in May almost doubling Ayr's previous high sale of $680,000 to $1.35 million It became a dollar.
A four-bedroom home at 302 Woma Road has sold for 99 per cent more than Ayr's previous record price. Photo: Realestate.com.au
Ray White's Jamie Wood said the four-bedroom home was secured by a local buyer who was interested in the property's 1.2-acre land size and future development potential.
5. Hurstville Grove, New South Wales
Hurstville Grove broke new sales records earlier this month when two luxury homes at 124 and 124A Morshead Drive sold side by side.
124 & 124A Morshead Drive in Hurstville Grove set a new record price earlier this month. Photo: Realestate.com.au
The property's price was not disclosed, but the 98% increase means it sold for nearly double the suburb's previous high of $5.27 million, according to Prop Track data.
6. Newtown, NSW
Sydney's inner-city favorite New Town hit a new house price record in September with the sale of a converted warehouse by former Star Casino CEO Matt Bequier.
198-200 Australia Street in Newtown sold for $13.5 million in September, setting a new record for the area. Photo: Realestate.com.au
A five-bed, five-bathroom home at 198-200 Australia Street sold for $13.5 million within 33 days of being on the market, while a four-bed terrace at 41 Georgina Street sold for $13.5 million. That's nearly double the all-time high of $6.85 million set two months ago.
7. Stoneville, Washington
The highest price paid for a property in Stoneville was achieved in February when a stately mansion in the Greater Perth suburb sold for $2.55 million.
The 2.8-hectare property at 1850 Woodlands Road sold for $2.55 million, setting a new Stoneville record. Photo: Realestate.com.au
The 2.8-hectare property at 1850 Woodlands Road broke the previous suburban record of $1.35 million, set in October 2021.
8. Junction Village, Victoria
Junction Village set a new record in April when a 6,778 square meter property at 39 Craig Road sold for $2.55 million.
Junction Village has hit a new record price following the sale of 39 Craig Road. Photo: Realestate.com.au
Hugely sought after due to its potential to be subdivided into 10-15 residential lots, the “once in a lifetime” sale nearly doubled the suburb's previous record of $1.38 million.
9. Blair Athol, SA
Blair Atholl, one of Adelaide's more affordable suburbs, broke its sales record in August when 2 Marmion Avenue sold for $2.15 million.
The previous most expensive sale in Adelaide's northern suburbs was just four months ago for $1.22 million.
Both records are well above Blair Athol's median price of $692,500.
10. Closeburn, Queensland
Rural Close Barn set a new record in September when two homes on two lots spread over 44 acres were sold together.
The sale price for 38 Andrew Road & 4 Broads Road was not disclosed, but data from PropTrack shows it was a 75% increase from the suburb's previous record sale price of $2.75 million in February 2022. has become clear.
