10 Year Suburb Long-Term Growth Trends

Being able to review the growth trends of a suburb over a long period of time can help you identify suburbs that will provide potential long-term growth.

Past growth isn't an indicator of guaranteed future growth but it does provide an indication that there has been demand in the area.

Access to median prices over a long period of time provides investors with an idea on demand for a suburb and the opportunity to compare the growth of the area to other suburbs and the growth of the greater area. 

How do I obtain this information?

Through Real Estate Investar's Professional Subscription, you'll have access to CoreLogic RP Data and can run a Signature Sales CMA Report.  

You can compare Real Estate Investar, RP Data and Pricefinder in this blog article.

This report will provide the following data:

• Median sale price over the past 20 years
• For each year, it will include: 
  • Number of properties sold
  • Median price
  • Growth % compared to previous year
  • Average days on market
  • Number of listings
  • Asking rent

Source: CoreLogic 2020