Housing Prices Rising the Fastest in Australia’s Outer Suburbs

Voters in outer suburban housing hotspots swung to Labor, driven by affordability pressures and promises of long-term support.

Newly built houses at Cameron Park in Lake Macquarie, NSW, Australia, on May 6, 2024. Roni Bintang/Getty Images

Outer suburban markets are driving Australia’s housing price growth, as affordability pressures push buyers further from city centres.

New data from property analytics firm Cotality, formerly CoreLogic, shows that lower-priced areas on the outskirts of capital cities have significantly outperformed their inner-city counterparts over the past year.