Australia's spooky suburbs
The story of Frederick Fisher's ghost is one of Australia's most famous paranormal tales. On June 17, 1826, Fisher suddenly disappeared from the town of Campbelltown, NSW
Newcastle - Cooks Hill takes the crown as the suburb with the most haunted locations, boasting six spectral sites. Brisbane and Adelaide follow closely with five reported hauntings each. The top 10 list is dominated by regional NSW with four entries, while regional Queensland claims three spots. Brisbane, Adelaide, and Sydney each have one entry in this supernatural top 10.
Curiously, house price growth in these haunted suburbs has been remarkably strong. Growth rates range from 46.4 per cent over five years in Wollongong East to a whopping 110.6 per cent in Maryborough. This suggests that property values in these areas are more likely influenced by broader economic trends than by any paranormal activity.
Despite the overwhelmingly positive growth rates, prices vary significantly across these haunted hotspots. Rockhampton houses are priced at a modest $297,006, while Newcastle - Cooks Hill, boasting the most haunted locations, is also the most expensive at $1.7 million.
It's challenging to draw firm conclusions from this analysis for several reasons. Our price data only goes as low as ABS SA2 levels, which cover a much wider area than a ghost might haunt. Additionally, in areas of high economic and social activity, it's possible that paranormal stories are overshadowed or forgotten. Densely populated regions like Newcastle, Brisbane, and Adelaide might fall into this category. Conversely, more isolated areas like Raymond Terrace and Rockhampton City might have stronger paranormal narratives due to less economic distraction.
Just as with John Farley's report of Frederick Fisher's ghost, it's difficult to know for certain what drives relationships on a macro level. The influence of reported hauntings on property values likely varies greatly depending on local context, history, and economic factors.
Still, in the spirit of Halloween, it's entertaining to speculate about the influence of ghosts, spirits, and unusual activity on the fascinating arc that is Australian house prices.