In the past decade, Australia’s housing prices have soared, with Melbourne’s Derrimut showing the largest increase, and Sydney’s Chinese-inhabited areas of Eastwood, Burwood and Melbourne’s Box Hill are also among the best.

According to the Australian newspaper, the Melbourne property market has outperformed Sydney in the past 10 years. According to CoreLogic’s report, in the top ten cities in the two cities, the prices of single-family homes and units have seen a three-digit increase, while those in the cities outside NSW and Victoria have seen small increases.

Among them, the most outstanding performance is Derrimut, 18 km from Melbourne CBD. The price increase is close to 260%. From 2008 to 2018, the median house price soared from 183,400 Australian dollars to 656,200 Australian dollars.

The second-highest increase was in Sydney’s Rushcutters Bay apartment, which has grown 180% over the past decade and unit prices have climbed from A$286,800 to A$803,000. Strathfield’s detached homes have also nearly tripled, from A$1.1069 million in 2008 to $3,075,900 this year.

In addition, the higher growth rates are Eastwood and Burwood in Sydney. Eastwood’s house price rose from A$757,000 to A$227,900, an increase of 165%. Burwood’s detached house climbed from A$886,500 to A$2,317,700, an increase of more than 161%. In addition, Melbourne’s Ashburton, Box Hill and Heathmont also performed well.

Outside of NSW and Victoria, Wattle Grove in Perth has seen a median house price increase of 90%, from A$266,800 to A$506,200. The best-performing city in Queensland is Underwood, with house prices rising 65%, from A$363,000 to $60.13 million, followed by Brisbane’s Ashgrove and Sunnybank.

Among the Queensland apartment market, the best performer was the Gold Coast, and the price of Units in Paradise Point rose from A$40.01 million to A$576,200. Alice Springs’ Gillen performed better than Darwin’s other places, and the price increased by 43%.

The most prominent performance in South Australia is Adelaide’s Grange, with house prices rising from A$490,300 to A$732,600, an increase of 49.4%. The best performing areas in Canberra are O’Conner and Downer, which have risen by 70.8% and 60.7% respectively.