The suburbs in Sydney, Melbourne and Adelaide where 12 per cent house prices ...

Inner-city suburbs in Australia's biggest cities are expected to surge by double-digit margins in 2020 as the housing market sets new price records.

Real estate investment group Select Residential Property is predicting house values in areas near the central business district will skyrocket by 12 per cent this year - in Sydney, Melbourne and Adelaide.

In good news for homeowners but a further setback for those trying to get on the property ladder, those predictions would see house prices surpass peaks set in 2017, before the onset of a short-lived downturn. 

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Real estate data group Select Residential Property is predicting house values in areas near the central business district will skyrocket by 12 per cent this year. Median prices at St Peters (pictured), in Sydney's inner-west, were expected to surge by $140,649 from $1.172million, despite being a construction site for the WestConnex motorway

Real estate data group Select Residential Property is predicting house values in areas near the central business district will skyrocket by 12 per cent this year. Median prices at St Peters (pictured), in Sydney's inner-west, were expected to surge by $140,649 from $1.172million, despite being a construction site for the WestConnex motorway

Where double-digit price rises are tipped

St Peters, Sydney's inner-west: up 12 per cent from $1,172,074

West Footscray, Melbourne's inner-west: up 12 per cent from $798,300

Thebarton, Adelaide's inner-west: up 12 per cent from $590,308

Braybrook, Melbourne's inner-west: up 10 per cent from $696,864

Gungahlin, Canberra's north: up 10 per cent from $748,694 

Source: Select Residential Property predictions provided to The Australian Financial Review. Figures relate to median house prices for each suburb from CoreLogic's Mapping the Market program 

Median prices at St Peters, in Sydney's inner-west, were expected to surge by $140,649 from $1.172million, despite being  a construction site for the WestConnex motorway.

A similar story was expected at West Footscray, in Melbourne's inner-west, with median house prices tipped to rise by $95,796, or 12 per cent, from $798,300.

Adelaide was expected to enjoy good news too, with a 12 per cent increase also forecast for Thebarton in the city's inner-west, which would see median prices rise by $70,837 from $590,308. 

They weren't the only suburbs where double-digit increases were expected with a 10 per cent increase tipped for Braybrook, 10km west of central Melbourne.

This would see median prices increase by $69,686 from $696,864.

A 10 per cent increase was also forecast for Gungahlin in Canberra's north which would see median house prices rise by $74,869 from $748,694. 

A similar story was expected at West Footscray, in Melbourne's inner-west, with median house prices tipped to rise by $95,796 from $798,300

A similar story was expected at West Footscray, in Melbourne's inner-west, with median house prices tipped to rise by $95,796 from $798,300

Australia's top housing markets in 2019

Melbourne inner-east: up 12.1 per cent

Sydney Inner-West: up 8.8 per cent

Sydney north-west (Baulkham Hills and Hawkesbury): up 8.8 per cent

Melbourne inner: up 8 per cent

Sydney city and inner-south: up 7.7 per cent

Sydney's north (Ryde): up 6.5 per cent

Sydney's south (Sutherland): up 6.3 per cent

Sydney eastern suburbs: up 6.3 per cent

Sydney northern beaches: up 6.3 per cent 

Source: CoreLogic median house

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