But if you take a closer look at the figures, this rule of thumb is not as clear cut as it seems.
CoreLogic RP Data looked at inner city and non-inner city suburbs and crunched the numbers to compare which side of the magic line had the higher percentage of suburbs above or below city-wide median value growth.
The results?
Over the past year, across Sydney, Perth, Hobart and Darwin suburbs outside the 10km ring have experienced stronger growth than inner city suburbs.
Conversely, more suburbs within the 10km radius outperformed outer suburbs across Brisbane, Melbourne, Adelaide and Canberra.
Taking a look at Brisbane, 76.5% of inner city suburbs experienced growth above the city-wide median. But don’t be fooled into thinking that only those with a healthy budget can buy into a Brisbane growth suburb.
Interestingly, 40.1% of suburbs outside the inner circle also experienced growth above the Brisbane median, showing there is still plenty of scope for growth in more affordably priced middle and outer ring suburbs.
This leads CoreLogic RP Data to conclude that housing may be more expensive in the inner city, but it is not necessarily seeing strong growth.
