Best ASX 200 shares vs. best suburbs for property investment in 2024
Were you invested in ASX 200 shares vs. property last year?
Let's examine which S&P/ASX 200 Index (ASX: XJO) companies experienced the best share price growth and which suburban property markets delivered the best capital gains for landlords in 2024.
Shares vs. property: Best ASX 200 shares in 2024
Here are the 10 best ASX 200 shares for price growth last year.
| Rank | ASX 200 share | Share price growth |
| 1 | Zip Co Ltd (ASX: ZIP) | 352.5% |
| 2 | Life360 Inc (ASX: 360) | 198.2% |
| 3 | Sigma Healthcare Ltd (ASX: SIG) | 162% |
| 4 | Pro Medicus Limited (ASX: PME) | 161% |
| 5 | Telix Pharmaceuticals Ltd (ASX: TLX) | 144.1% |
| 6 | Pinnacle Investment Management Group Ltd (ASX: PNI) | 126.7% |
| 7 | Clarity Pharmaceuticals Ltd (ASX: CU6) | 120.6% |
| 8 | TechnologyOne Ltd (ASX: TNE) | 103.7% |
| 9 | Hub24 Ltd (ASX: HUB) | 93.4% |
| 10 | Codan Ltd (ASX: CDA) | 88.3% |
Best suburbs for capital growth in 2024
Real estate values held up well last year despite higher for longer interest rates, affordability challenges, and reduced borrowing capacity.
According to CoreLogic data, the median national dwelling value (representing all types of properties) rose by 4.9% over the year. This was lower than the 7.49% rise for the ASX 200 shares index.
Perth was the best capital city market for property price gains, with the median home value rising 19.1%.
Regional Western Australia was the best regional market, with a 16.1% lift in the median home price.
While individual suburb data is not yet available, CoreLogic has reported the best SA3 districts for capital growth.
SA3s are defined by the Australian Bureau of Statistics (ABS) as "often the functional areas of regional towns and cities with a population in excess of 20,000 or clusters of related suburbs …".
The numbers below demonstrate that Australia had a two-tier marketplace last year.
As you can see, the mid-sized capitals of Perth, Brisbane, and Adelaide, and their state regional counterparts, substantially outperformed the other property markets.
Here are the No. 1 SA3s for home price growth in each of Australia's eight capital cities.
Best capital city areas for home price growth in 2024
| Capital city | No. 1 SA3 district | Median price | Capital growth (all homes) |
| Sydney | Fairfield | $1,160,347 | 12.5% |
| Melbourne | Casey – North | $812,630 | 0.6% |
| Brisbane | Ipswich Inner | $680,346 | 16.4% |
| Perth | Swan | $762,098 | 24% |
| Adelaide | Playford | $597,103 | 18.4% |
| Canberra | Molonglo | $781,750 | 2.3% |
| Hobart | Sorell-Dodges Ferry | $630,049 | 2.9% |
| Darwin | Litchfield | $665,599 | 4.4% |
Best regional areas for home price growth
Here are the No. 1 SA3s for home price growth in each of Australia's rest-of-state regional markets.
| Regional market | No. 1 SA3 district | Median price | Capital growth (all homes) |
| NSW | Richmond Valley — Hinterland | $594,554 | 10.3% |
| Victoria | Mildura | $444,407 | 6.7% |
| Queensland | Townsville | $552,640 | 27.2% |
| Western Australia | Mid-West | $442,042 | 29.9% |
| South Australia | Yorke Peninsula | $462,976 | 17.6% |
| Tasmania | Burnie — Ulverstone | $475,113 | 7.9% |
The post Best ASX 200 shares vs. best suburbs for property investment in 2024 appeared first on The Motley Fool Australia.
Motley Fool contributor Bronwyn Allen has positions in Zip Co. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Life360, Pinnacle Investment Management Group, Technology One, Telix Pharmaceuticals, and Zip Co. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has recommended Hub24, Pro Medicus, Technology One, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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