Property prices could double by 2030

Property prices could double in many suburbs by 2030 if current growth trends continue, according to new data from PropTrack.

The modelling, which assumes the past five years of growth are repeated, predicts that Sydney’s median house price could jump from $1.49 million to $2.4 million, with suburbs like Bellevue Hill potentially reaching $13.5 million.

Adelaide, already one of the strongest-performing capitals, could see its median house price climb to $1.47 million after a 75% increase since 2020. Brisbane is also on track for major gains, with the median house price rising to $1.53 million, up nearly $700,000.

Darwin’s Muirhead is expected to be the nation’s top performer, with values forecast to more than double, reaching $1.5 million.

Melbourne, meanwhile, may experience more modest growth, with its median rising just $146,000 to hit $1.001 million by the end of the decade.