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Property prices boom in diverse markets

Property prices boom in diverse markets

House price growth has exceeded 100 per cent over the past five years in 11 capital city suburbs across the country.

There are five suburbs in Sydney, four in Perth, and one each in Canberra and Darwin, according to CoreLogic RP Data.

Sydney is home to the top three suburbs: Middleton Grange house prices grew 152 per cent during the five years to August 2015, Mulgoa grew 145 per cent and Catherine Field grew 140 per cent.

House prices in Dayton, Perth, grew 127 per cent during the five-year period. Growth of 124 per cent was recorded by Piara Waters in Perth and Crace in Canberra.

In Sydney, Pitt Town jumped 122 per cent and Homebush jumped 113 per cent.

In Perth, Alkimos grew 111 per cent and Martin grew 102 per cent. The Darwin suburb of Girraween also grew 102 per cent.

The top performer outside those four states was Dandenong in Melbourne, where house prices rose 66 per cent.

The Adelaide suburb of Eastwood climbed 61 per cent, the Brisbane suburb of Burbank climbed 41 per cent and the Hobart suburb of Cambridge climbed 28 per cent.

Property prices boom in diverse markets
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