The list is further evidence of why it’s so important to not just prioritise where to invest, but also what type of property to buy.
The subsequent suburbs are all in NSW and Victoria, with some having median values of houses which are more than double those of units.
The difference in growth was particularly noticeable in the prestigious Sydney suburbs of Bronte and Kirribilli, which have jumped by 6.84% and 6.70% respectively in median values for houses over the last quarter. At the same time, median values for units have fallen by 0.29% in Bronte and 0.16% in Kirribilli.
Meanwhile, in the more affordable Victorian suburbs such as Fawkner (12km north of the Melbourne CBD) and Taylors Hill (25km north-west of the Melbourne CBD), there is not that massive difference in values between houses (Fawkner: $475,000, Taylors Hill: $473,000) and units (Fawkner: $339,500, Taylors Hill: $321,000).
However, in both cases houses are currently performing stronger than units over the last quarter. In Fawkner, houses have grown by 6.31%, while units dropped 0.69%. Over in Taylors Hill, houses have increased by 3.91%, as units have fallen 0.56%.
Overall, houses in Melbourne experienced a 3.11% increase in median values in the quarter ending March 2015, compared to a 0.08% fall for units. In Sydney during the same time, houses and units grew by 3.18% and 2.21% respectively.
50 suburbs where houses outperformed units during the last quarter
| Suburb | State | Houses | Units | ||
| Median Value | Median Value | ||||
| Last Quarter Capital growth |
Last Quarter Capital growth |
||||
| PRAHRAN | VIC | $1,175,000 | 7.12% | $507,000 | -0.04% |
| BRONTE | NSW | $2,556,500 | 6.84% | $841,500 | -0.29% |
| KIRRIBILLI | NSW | $2,914,000 | 6.70% | $924,500 | -0.16% |
| GEORGES HALL | NSW | $763,500 | 6.79% | $466,500 | -1.10% |
| ASQUITH | NSW | $1,023,000 | 5.74% | $690,000 | -0.08% |
| FAWKNER | VIC | $475,000 | 6.31% | $339,500 | -0.69% |
| HEATHMONT | VIC | $678,500 | 5.69% | $477,000 | -0.15% |
| HAMPTON EAST | VIC | $872,000 | 7.06% | $515,000 | -1.52% |
| CANLEY VALE | NSW | $678,500 | 5.59% | $362,000 | -0.11% |
| COBURG | VIC | $764,500 | 6.80% | $415,000 | -1.53% |
| BALMAIN | NSW | $1,506,500 | 6.44% | $864,500 | -1.35% |
| MALVERN | VIC | $1,850,500 | 5.71% | $576,500 | -0.74% |
| BOX HILL NORTH | VIC | $916,500 | 5.13% | $544,500 | -0.24% |
| STANMORE | NSW | $1,242,500 | 5.32% | $591,500 | -0.44% |
| BRIGHTON EAST | VIC | $1,300,000 | 4.95% | $654,500 | -0.14% |
| WEST RYDE | NSW | $1,229,500 | 4.77% | $522,500 | -0.01% |
| RIPPONLEA | VIC | $1,130,500 | 4.77% | $434,500 | -0.16% |
| NORTH ROCKS | NSW | $990,000 | 5.69% | $668,000 | -1.12% |
| BRUNSWICK EAST | VIC | $879,000 | 5.49% | $479,500 | -1.14% |
| ROPES CROSSING | NSW | $526,000 | 5.95% | $501,500 | -1.74% |
| CARLTON NORTH | VIC | $1,066,000 | 4.44% | $528,000 | -0.34% |
| OAKLEIGH EAST | VIC | $817,500 | 4.31% | $589,000 | -0.32% |
| MORTLAKE | NSW | $1,317,000 | 4.43% | $823,000 | -0.48% |
| MOSMAN | NSW | $2,684,500 | 4.89% | $771,000 | -0.95% |
| NEWTOWN | NSW | $1,118,500 | 4.63% | $558,500 | -0.71% |
| HUNTERS HILL | NSW | $2,176,500 | 4.24% | $657,000 | -0.47% |
| CRAIGIEBURN | VIC | $357,000 | 4.03% | $271,000 | -0.39% |
| CROYDON | NSW | $1,360,500 | 4.30% | $640,500 | -0.67% |
| CROYDON | VIC | $542,500 | 3.86% | $383,000 | -0.25% |
| VERMONT SOUTH | VIC | $835,500 | 5.23% | $421,000 | -1.70% |
| RINGWOOD EAST | VIC | $628,000 | 4.66% | $410,500 | -1.17% |
| KILLARA | NSW | $2,026,500 | 3.68% | $812,500 | -0.19% |
| BURWOOD | NSW | $1,726,500 | 3.75% | $711,500 | -0.32% |
| GLEN HUNTLY | VIC | $1,013,500 | 3.77% | $457,000 | -0.38% |
| BERALA | NSW | $879,000 | 4.11% | $391,500 | -0.73% |
| TAYLORS HILL | VIC | $473,000 | 3.91% | $321,000 | -0.56% |
| MARAYONG | NSW | $549,000 | 3.53% | $461,500 | -0.19% |
| PORT MELBOURNE | VIC | $1,150,000 | 3.86% | $673,500 | -0.56% |
| LINDFIELD | NSW | $1,941,000 | 4.40% | $729,500 | -1.14% |
| OAK PARK | VIC | $686,500 | 4.01% | $448,500 | -0.75% |
| WESTMEADOWS | VIC | $412,000 | 3.06% | $374,500 | -0.02% |
| GREENSBOROUGH | VIC | $580,000 | 2.92% | $434,000 | -0.06% |
| ROWVILLE | VIC | $626,500 | 3.45% | $440,000 | -0.63% |
| WANTIRNA | VIC | $674,000 | 3.30% | $430,000 | -0.50% |
| DINGLEY VILLAGE | VIC | $589,500 | 3.06% | $443,500 | -0.26% |
| CHELSEA HEIGHTS | VIC | $522,500 | 2.88% | $366,000 | -0.12% |
| MOORABBIN | VIC | $814,500 | 3.96% | $496,500 | -1.21% |
| NUNAWADING | VIC | $743,000 | 2.74% | $481,500 | -0.02% |
| WILLOUGHBY | NSW | $1,687,000 | 4.67% | $676,000 | -1.98% |
| CLARINDA | VIC | $589,500 | 4.85% | $427,500 | -2.21% |
