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News and Reviews

Booming Suburbs Where Prices Have Doubled the Fastest

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Booming Suburbs Where Prices Have Doubled the Fastest

 

By Ian Rogers

The long-held belief that property prices double every seven to ten years is being challenged by recent data, which reveals that property values in certain Australian suburbs have skyrocketed at unprecedented rates. According to a comprehensive analysis of PropTrack data, while some areas have seen their median house prices double in under three years, other regions have taken up to three decades to reach the same milestone.

The data highlights the suburbs where prices have surged the fastest, particularly in some of the most affordable regions within capital cities, as well as lifestyle-driven destinations that saw a significant boost in demand during the COVID-19 pandemic.

Adelaide’s Rapid Price Surge

Leading the charge is Elizabeth South, located in northern Adelaide, where median house prices doubled in just over two years. Despite this meteoric rise, the suburb remains relatively affordable, with a median sale price of $440,000. Nearby northern suburbs of Adelaide have followed a similar trajectory, experiencing rapid price growth.

This explosive growth isn’t confined to Adelaide. Other suburbs that have seen house prices double in record time include Riverview in Ipswich, Queensland, and Warnervale on the New South Wales Central Coast.

Nationwide Boom in Regional and Suburban Areas

The boom in housing prices is not limited to major cities. Many outer Perth suburbs and regions across Tasmania have also witnessed a sharp rise in values. PropTrack’s senior economist, Eleanor Creagh, attributes this trend to a combination of factors, including affordability, increased demand, and significant infrastructure investment.

“These areas often start with lower base prices, making them attractive to a broad range of buyers, including first-time buyers and investors seeking value for money,” Creagh explains. “As inner capital city suburbs become increasingly expensive, nearby suburban regions and areas with improving transport links and amenities naturally become more appealing alternatives.”

The rise of “sea change” and “tree change” movements during the pandemic also played a significant role in propelling property prices in lifestyle-centric regions. For example, it took just three and a half years for prices to double in Elliott Heads near Bundaberg, four years in Robertson in the NSW Southern Highlands, and five years in Jindabyne, a popular destination near the Snowy Mountains.

Sydney Leads the Charge Among Capitals

While the more affordable suburbs across the country have posted the fastest growth rates recently, Sydney still leads among capital cities in terms of rapid price escalation. Sydney’s median house price has doubled over the past decade, with certain affluent suburbs like Bellevue Hill, Vaucluse, Avalon Beach, and Fairlight surpassing even that pace.

“Sydney’s status as a global city with robust economic fundamentals and international appeal has maintained its long-standing desirability,” Creagh notes. “Limited housing supply and strong demand, especially in prime areas around beaches and the harbour, have contributed to long-term price growth.”

On the northern beaches, local real estate agent Georgi Bates of Cunninghams says the competitive housing market in Fairlight has kept values high due to a scarcity of available properties. “It’s a tightly held market. No one ever wants to sell,” she said.

Brisbane’s Undervalued Suburbs Catching Up

In Brisbane, once-affordable inner-city suburbs like Seven Hills, East Brisbane, and Clayfield have seen their median house prices soar, now nearing the $2 million mark. Local real estate agent Tony O’Doherty of Belle Property Bulimba notes that these suburbs were previously overlooked but have caught up rapidly in recent years.

“If you’d asked me five years ago what the area’s most undervalued suburbs were, I would’ve said Seven Hills and East Brisbane without hesitation,” O’Doherty remarks. “East Brisbane remains illogically cheaper than suburbs further out, which has driven awareness and price growth.”

Perth: Australia’s Fastest-Growing Market, but Slow to Double

Despite experiencing rapid recent growth, Perth has been the slowest capital city to see house prices double. Perth’s property market has historically been linked to the state’s mining sector, which saw a period of stagnation following the mining boom. However, Creagh points out that Perth is now Australia’s top-performing capital city in terms of price growth.

“Perth remains relatively affordable compared to other capitals, even after recent gains,” Creagh adds, explaining that the city’s decade of underperformance relative to the east coast has set the stage for its current surge in prices.

Houses Versus Units: A Different Growth Dynamic

The data also highlights that houses tend to double in value faster than units at both the city and suburb levels. “Houses typically outperform units in terms of price growth due to the land they sit on, which appreciates over time,” Creagh explains. The broader demographic appeal of houses, including more space and flexibility for enhancements, also contributes to their faster growth.

However, unit prices have surged in some regions, particularly where house prices became too expensive. In Slacks Creek, located in Brisbane’s south, unit prices doubled in under four years, with median values rising from $192,500 to $385,000. Real estate agent Azhar Omar of Ray White Logan City notes that unit prices were previously stable for 15 years before skyrocketing as houses became out of reach for many buyers.

The Slowest Doubling Times

Not all suburbs have seen such rapid growth. In some areas, it has taken decades for property prices to double. Units in Bruce, ACT, took 31 years to double in value, while apartments in the CBDs of Melbourne, Brisbane, Townsville, Cairns, and Perth also saw slow growth, doubling only after 25 to 28 years. These areas tend to have higher concentrations of smaller apartments and less demand pressure compared to tightly held suburban properties.

Houses in Roxby Downs, a mining town in South Australia, took 26 years to double in value, while Queensland’s Paradise Point and Park Ridge, as well as Perth’s Henley Brook and South Yunderup, took 21 years.

Conclusion: Price Growth is Far from Uniform

The data underscores the variability in property price growth across Australia. While some suburbs have seen values double in just a few years, others have taken decades to achieve the same milestone. As Creagh concludes, “Property market dynamics are complex, influenced by local and global economic factors, and not all areas will experience predictable growth patterns.”

The notion that prices universally double every seven to ten years has been upended, with recent trends showing a far more nuanced reality depending on location, infrastructure investment, and economic drivers.

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Early entry to university – Opinion Piece by Prue Car

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Early entry to university – Opinion Piece by Prue Car

It is that time of year again in the school calendar when thousands of year 12 students across the country are preparing to sit for their final high school exams.

Those few crucial hours of exams mark the culmination of 13 years of schooling, with many students inevitably viewing them as the gateway to the next chapter in their lives, whether it is university, vocational education, or direct entry to the workforce. Little wonder then that as the day approaches so many experience varying degrees of stress.

So when universities throw students an early offer for a place (or even better, one without any conditions, such as an ATAR) it should come as no surprise that many leap at the opportunity.

Unfortunately, principals see declining levels of engagement in the critical final weeks of school among pupils who have received offers with few strings attached. The impact of that drop in engagement isn’t just limited to the student; principals have told me that a cohort and therefore a school’s overall performance can be warped because a statistically significant number of students have taken their foot off the gas.

Conservative estimates show 40,000 NSW students are forecast to apply for an early offer, the largest cohort yet. The true figure, which won’t be known until early next year, is likely to be even higher, driven in part by the Commonwealth’s decision to cap the number of international students.

Up to 50 per cent of students now enter university via this route and yet we have scant guidelines around the process, making it something of an educational free-for-all as universities offer places earlier and schools, in good faith, focus on supporting their students in making numerous applications.

Unless we – that is the Commonwealth, the States and Territories and our universities – act now as one, then I fear we will be entering an arms race, with students becoming pawns in the quest for greater university market share.

Earlier this year I was proud that NSW led a collective response for a temporary solution. Universities agreed to suspend giving out places to HSC students for entry into 2025 and 2026 until September in the preceding year. It marked a significant departure from the ridiculous practice of some universities – particularly those in Western Australia and the Australian Capital Territory – in making offers in March, a full seven months before students sit their exams.

I am not alone in believing that it is vital students get the most out of their education and we should encourage them to complete their studies to the best of their ability. And while getting an early offer can reduce a student’s stress levels, the job of an educator is to help prepare our young for adult life, including valuable life skills such as resilience and perseverance.

Early offers have played a role in increasing university access for Aboriginal and Torres Strait Islander students, those from low socio-economic backgrounds or from regional or remote areas.

Research has found that while those cohorts were less likely to apply for university, those that did were more likely to accept an early offer than their counterparts.

However, my concern is that the lack of transparency around the admissions process is leading to a system where only those who work the system can benefit from it. Applying to universities directly is more of an art than a science. Some advantaged schools that have mastered the process – from ensuring their students are participating in extracurricular activities to get extra credits, to assisting them in developing their applications – are more likely to succeed in attracting more early offers. By contrast, less advantaged schools don’t always have the time or resources for this.

This imbalance can result in students from more privileged backgrounds receiving multiple offers, while those who may have additional responsibilities at home (like helping with the family business or caring for relatives) are left out, despite their potential.

Education should be the great social leveller, open to everyone with transparent pathways that reward those students who work hard and make the most of their potential. More than two decades ago the Higher School Certificate was reformed in NSW to ensure students were assessed against pre-defined standards of performance for each course.

We have the best part of a year to come up with a fairer system that protects that hard won equity, and ensures early entry doesn’t become a university arms race. Failure to do so risks turning the clock back to a two-tiered system that rewards privilege over potential.

This opinion piece was originally published on page 25 of the Australian on Wednesday, 2 October 2024.

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GROUNDED: A New Exhibition Celebrating Bundjalung Cultural Knowledge and Creative Wellbeing

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GROUNDED: A New Exhibition Celebrating Bundjalung Cultural Knowledge and Creative Wellbeing

Lismore City Council through Lismore Regional Gallery and the Quadrangle are proud to present a new First Nations-led creative wellbeing program launching with multi-sensory exhibition ‘Grounded’ this October.

GROUNDED explores native bush plants endemic to the Northern Rivers in an innovative exhibition featuring the works of Widjabul-Wiabul/Yaegl sound and performance artist Mitch King and socially engaged artist and filmmaker Karenza Ebejer.

The exhibition brings together film, sound installations and interactive artworks created in collaboration with Bundjalung community Elders. King’s sound installation features recordings of native species integral to a regenerative ecology project led by Namabunda farm, while Ebejer’s film “Ecosphere” meditates on the interconnection of life-forms, inspired by local native plants.

The exhibition is a continuation of King and Ebejer’s 2022/23 collaborative project, “Our Place, Our Species”, which celebrates Bundjalung cultural knowledge and connection to Country.

Lismore City Mayor Steve Krieg said: “Lismore City Council is committed to investing in native bushland restoration and regeneration projects though our Rural Landholder Initiatives and Urban Landcare programs. This increasingly involves working with traditional owners to bring culturally informed restoration.”

Through the voices of Elders and Custodians, the exhibition offers audiences a unique opportunity to engage deeply with Bundjalung stories and the regenerative power of native bush plants.

“Through this work, we are creating space for conversations about the interconnection between people and place, and the deep cultural knowledge that informs our understanding of these relationships,” King explains. “We want to highlight how these plants are more than just flora; they are integral to our community’s identity and wellbeing.”

Ebejer adds: “Our work is about honouring the wisdom of Elders and sharing these stories in a way that fosters awareness and hope for a future where native bush plants are revitalised, and connection to Country is celebrated.”

GROUNDED will feature a series of interactive workshops designed to deepen public understanding of the importance of connecting with nature. These workshops will include hands-on experiences with native bush plants and discussions on ecological regeneration, inspired by the cultural knowledge shared through the exhibition.

WHAT’S ON

Exhibition Opening: Wednesday, 9 October 2024
Location: Event Space, Lismore Regional Gallery

Thursday, 10 October:  

  • 3-6pm: Weaving with the Healing Hub in the Quad
  • 5pm: Welcome to Country, Official Exhibition Opening

Saturday, 12 October:  

  • 11-1pm: Nature Photography Workshop with Karenza Ebejer and Dr Jenny Fraser
    A creative workshop for young women between the ages of 14-18 years to explore native bush foods and plants in the local area.

Thursday, 17 October:  

  • 3-6pm: Weaving with the Healing Hub in the Quad

Saturday, 19 October:  

  • 11-1pm: Jeticaco Art Workshop with Jenny Smith
    Come along to an all-ages session of creativity, where we can explore nature through the use of water colours, on paper.
  • 2-4pm: Grounded Movement with Mitch King
    Immerse yourself in a workshop that will look at how we can acknowledge the beauty and power of nature while also becoming more grounded through our own movement and mindfulness.

Launching a Broader Creative Wellbeing Program

GROUNDED is the first step in a broader First Nations-led creative wellbeing program aimed at strengthening community cohesion and wellbeing through a series of small-scale creative placemaking events. Led by an appointed First Nations Project Officer, the program will engage First Nations and youth communities throughout 2025, fostering resilience and a sense of belonging by connecting people to place.

This program will be delivered in partnership with Southern Cross University and funded by the Foundation of Regional and Rural Renewal. This collaboration leverages SCU’s strong focus on environmental science and Indigenous knowledge to enhance the exhibition’s educational impact. Through research, workshops, and community engagement, the partnership aims to deepen public understanding of the ecological and cultural significance of native bush plants.

“Southern Cross University is committed to advancing community wellbeing and ecological sustainability through education and research,” said the University’s Senior Deputy Vice-Chancellor, Professor Mary Spongberg. “Partnering with Lismore City Council through the Lismore Quadrangle aligns with our mission to support cultural and environmental stewardship in the Northern Rivers.”

About Lismore Quad 

The Quad is a central public greenspace in the heart of Lismore CBD. The Quad is a public meeting place, a performance venue, a children’s play space, a creative hub and a space for community expression. The Quad provides a safe space and gathering point for the community to enjoy free activities and performances, hold community events, take part in creative workshops and installations, or simply relax on the grass.

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Laith McGregor Wins 2024 Jacaranda Acquisitive Drawing Award

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Laith McGregor Wins 2024 Jacaranda Acquisitive Drawing Award

By Ian Rogers

Grafton Regional Gallery is thrilled to announce Laith McGregor as the winner of the prestigious 2024 Jacaranda Acquisitive Drawing Award (JADA). McGregor secured the $35,000 first prize for his compelling sculptural charcoal drawing, Untitled (support).

Nix Francia, an emerging artist based in Sydney, was also celebrated, receiving the $5,000 Early Career Award for their evocative work Love at Midnight: Blood Edition.

The 2024 JADA was judged by Michelle Newton, Deputy Director at Artspace, Sydney. Newton commended the interdisciplinary approaches many artists took to drawing this year, noting the innovative spirit that challenged conventional ideas of the medium.

“Laith McGregor’s work is a prime example of this. There is something very primary and dynamic in his mark-marking and the way he builds up the surface. His drawing creates an atmosphere charged with emotion, blurring traditional portraiture with abstraction. Similarly, Nix Francia’s work plays with light, texture and bodily materials, drawing on personal narratives to create a sense of intimacy.”

Grafton Regional Gallery Director Sarah Gurich and 2024 JADA Judge Michelle Newton with 2024 JADA winner, Laith McGregor ‘Untitled (support)’, 2024. Photograph: Chloe Van Dorp, Simon Hughes Media.

Laith McGregor, based in the Northern Rivers region, has gained national and international recognition with his works exhibited across Australia, including major institutions like the Museum of Contemporary Art (NSW), GOMA (QLD), MONA (TAS), and the National Gallery of Victoria (VIC). McGregor is represented by Station Gallery, with locations in Sydney and Melbourne.

Nix Francia, a recent graduate of the National Art School, explores the complexities of everyday life through a unique lens. Francia was previously a finalist in the 2023 Burwood Art Prize and Blacktown City Art Prize.

The JADA, with its substantial $35,000 acquisitive prize and $5,000 early career award, continues to be Australia’s leading regional drawing prize. It showcases innovative and exceptional drawing practices, reaffirming the importance of the medium in contemporary art. The 2024 exhibition features 65 artists, including 14 from the Northern Rivers and Clarence Valley regions, with works ranging from traditional to experimental and performative approaches.

Grafton Regional Gallery extends its gratitude to the Friends of the Gallery, the major sponsors of the Jacaranda Acquisitive Drawing Award.

The 2024 JADA exhibition will be on display at Grafton Regional Gallery until Sunday, 8 December 2024.

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