Real estate

Australia's best growth suburbs of 2016

Australia's love affair with property shows no indications of slowing, with some suburbs {reaching|obtaining} up to 40% {twelve-monthly|gross annual} {development|progress|expansion} in yet another fender year for the market.

As auction season {begins|starts off} to wind down {forward|in advance} of Christmas, new data reveals double-digit growth in hundreds of suburbs {across the nation|around the world|country wide} for the past {12 months|yr|season}.

Plumpton, in Melbourne's northwestern growth corridor, achieved the highest {twelve-monthly|gross annual} growth for houses of all {and surrounding suburbs|suburbia} in Australia in the past year.

Voyager {Stage|Level}, on the Georges {Water|Lake|Riv} about 25kms from Sydney CBD, achieved {the 2nd|the other} biggest {twelve-monthly|gross annual} growth with 33%, closely followed by Wonga Park in Melbourne's {external|exterior|outside} northeast with 32% {twelve-monthly|gross annual} growth.

Victoria boasts the most number of {and surrounding suburbs|suburbia} in the national top 10, with five. NSW and Western Australia have two each, while {Southerly|Sth|Southwest} Australia and Queensland each feature one suburb in the national top {12|twelve|15}.

Annual growth was between 25% and 40% for suburbs in the {nationwide|countrywide} top 10