The outer suburbs of Perth have dominated a top 20 list of the nation's best performing property areas over the past decade with Herne Hill, near Midland, leading the Perth charge.
Property researcher RP Data this week released Australia's best performing city and regional property markets over the past decade, based on the annual average growth.
Hobart's Oakdowns topped the list with the value of units in the suburb posting an annual average growth over the past 10 years of 34.6 per cent. The median cost of a unit is $275,000.
Herne Hill came in second with a house in the suburb posting an average annual growth rate of 34.4 per cent. The median price of a house in the area is $595,000.
Other Perth suburbs featured in the top 10 were Jindalee (33.3 per cent), Bertram (33.3 per cent), Hammond Park (33.1 per cent) and Wattle Grove (32.6 per cent).
Completing Perth's domination in the top 20 were Aubin Grove (32.3 per cent), Butler (32.1 per cent), Carramar (29.9 per cent), Darch (29.3 per cent), Sinagra (29 per cent) and Beeliar (28.5 per cent).
Regionally, Western Australia made two appearance with a house in Collie posting an average annual growth rate of 34 per cent. The town came sixth in the top 20 best performing regional centres.
Beachlands, near Geraldton, was the other WA regional area to be mentioned with a growth rate of 31.7 per cent.
