Finder.com.au has compiled a list of what it is calling “FOMO” suburbs.
In case you haven’t heard of it, “FOMO” stands for “fear of missing out,” and refers to feelings of deep regret.
Using data from property analytics firm CoreLogic, Finder.com.au identified the suburbs that would have made you big bucks if you had invested in them back in 2012.
Get ready to feel some FOMO.
Instead of looking at typical expensive and high-growth suburbs, Finder.com.au wanted to explore areas from every capital city that had a median price of $500,000 or less, putting them within reach of the average investor.
Adelaide, which is known by conservative investors as the place to get a steady 4 to 5% yearly growth on properties, saw the largest price increase in Woodville Gardens.
In 2012, a unit in Woodville Gardens would have set you back just $180,000, but today the median house price is $425,000, representing a whopping 136.1% increase, and a capital gain of 136.1%.
The runner up was beachside suburb Seacliff. In 2012, a unit in Seacliff cost $385,000 but today the median house price has almost doubled (+81.8%) to $700,000.
Rounding out third place is Hyde Park. Five years ago, units in Hyde Park also had a median house price of $385,000, but today the price is up 74% to $670,000.
Looking nationwide, the best-performing suburb may surprise you. Post-mining boom, Perth and Darwin’s property markets have mostly struggled, but an outlier in Darwin is the rural outer suburb of Bellamack.
You would have paid $221,500 for a house in Bellamack in 2012, but today the median price is $612,500, a whopping 176.5% increase.
View the full list of Adelaide’s FOMO suburbs here.