Suburb has surged despite property downturn

There are some suburbs in the capital cities that, despite all odds, are seeing their properties increase in value amid a nationwide housing downturn.

While many houses and units are looking their worth as the turbocharged property market from last year gives way to cost of living pressures and high interest rates, some lucky local government areas are bucking that trend.

PropTrack data obtained by news.com.au shows that capitals in each state had several areas on an upwards trajectory while the rest of the city languished.

And regional property markets still came out as the ultimate winners. Even though homebuyer interest is dropping off, sea and tree change locations are still growing at a higher rate than big metro areas.

The outer south west around the Campbelltown area experienced a 5.82 per cent growth followed by the outer west (such as Blacktown, Mt. Druitt and Penrith) and the Blue Mountains region, up by 5.78 per cent.

Other Sydney suburbs also saw growth, albeit on a smaller level, such as Parramatta (1.08 per cent), the Baulkham Hills and Hawkesbury region (2.72 per cent) and the inner south west (0.61 per cent).

So our home suburb of Campbelltown is faring very well despite the current conditions and we expect it to continue.

Contact Dilip Srivastava to find out more on the Campbelltown property market