Tasmania houses top property hotspot

According to RP Data, Oakdowns in Hobart (TAS) has recorded an annual price growth of 34.6% over the past decade.

More than half of the top 20 capital city suburbs were in Perth, showing that the minerals boom has helped increase the wealth of many West Australians. Sydney had four suburbs in the top 20 with Darwin and Hobart each contributing two entries and Melbourne just one.

Outside of the capital cities, Silkwood in North Queensland came first after posting a 35% median price growth. NSW had the most regional property hotspots with eight towns making the top 20 followed by Queensland with five and Tasmania and WA with two each.Northern Territory, South Australia and Victoria all had just one regional area in the top 20.