Best ASX 200 shares vs. best suburbs for property investment in 2023

Based on capital growth, these were the best performing ASX 200 shares and suburban property markets of 2023.

a man sits on a ridge high above a large city full of high rise buildings as though he is thinking, contemplating the vista below.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Looking at the overall capital growth of shares vs. property in 2023, we saw a dead heat with the S&P/ASX 200 Index (ASX: XJO) and CoreLogic's national Home Value Index both rising by 8.1%.

In this article, we investigate the numbers further to reveal the top 10 ASX 200 shares for capital gains vs. the top 10 suburban property markets of Australia's capital cities and regional areas.

Let's take a look.

Top 10 suburbs for real estate investment in 2023 (capital cities)

Here are the top 10 suburbs for capital growth across Australia's capital city property markets in 2023.

Property marketCapital growth in 2023
Armadale, WA25.2%
Gosnells, WA22.6%
Nathan, QLD22%
Rockingham, WA21.5%
Mt Gravatt, QLD21.2%
Mandurah, WA19.9%
Kwinana, WA19.7%
Sunnybank, QLD19.4%
Carindale, QLD19.1%
Holland Park — Yethonga, QLD18.8%
Source: CoreLogic

Top 10 suburbs for real estate investment in 2023 (regions)

Here are the top 10 suburbs for capital growth across Australia's regional property markets in 2023.

Property marketCapital growth in 2023
Bunbury, WA15%
Gold Coast — North, QLD 14.4%
Barossa, SA 14.2%
Nerang, QLD13.2%
Southport, QLD 13.2%
Innisfail — Cassowary Coast, QLD12.1%
Bundaberg, QLD11.9%
Darling Downs — East, QLD11.7%
Rockhampton, QLD11%
Ormeau — Oxenford, QLD10.6%
Source: CoreLogic

Top 10 ASX 200 shares of 2023

Here are the top 10 ASX 200 shares for capital growth in 2023.

ASX 200 sharesCapital growth in 2023
Neuren Pharmaceuticals Ltd (ASX: NEU)214%
Emerald Resources NL (ASX: EMR)155%
James Hardie Industries plc (ASX: JHX) 117%
Boss Energy Ltd (ASX: BOE) 89%
Boral Limited (ASX: BLD) 86%
Seven Group Holdings Ltd (ASX: SVW) 76%
Pro Medicus Limited (ASX: PME) 73%
REA Group Ltd (ASX: REA) 63%
Xero Limited (ASX: XRO)60%
Reece Ltd (ASX: REH) 58%
Source: CommSec

If you're considering investing in shares vs. property, check out our article on the opportunities of 2024.

mid-cap healthcare stocks. However, those that achieved material commercial milestones have generated positive shareholder returns in the last six months (NEU, DXB, 4DX and PME). With many companies currently trading at depressed valuations, there are stock picking opportunities for those with solid balance sheets to ride out the cyclical downturn and clear catalysts to drive momentum.The new class of GLP-1/GIP drugs continue to dominate news flow for their impact on weight loss and other health outcomes (e.g. lowering cardiovascular events). There is little doubt these drugs will form one of the biggest selling classes to date, with both Novo Nordisk and Eli Lilly unable to keep up with demand. ASX large-cap healthcare companies, including RMD and CSL were sold off as investors drew read throughs for what these drugs could mean for long term demand growth. Fortunately there were no adverse impacts on companies in our coverage and data suggests the sell off in large cap stocks has been overdone in any case

Motley Fool contributor Bronwyn Allen has positions in James Hardie Industries Plc and REA Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus, REA Group, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Pro Medicus and REA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A man reacts with surprise when her see a bargain price on his phone.
Opinions

2 ASX shares to watch while they're still dirt cheap

I’m bullish about these two stocks.

Read more »

Happy man working on his laptop.
Share Market News

5 things to watch on the ASX 200 on Wednesday

Here's what you should look out for on the local market today.

Read more »

IPO written in purple on blocks on top of each other in the air.
IPOs

ASX rare earths IPO stock crashes 42% on trading debut

This IPO has been a rough ride for investors...

Read more »

two computer geeks sit across from each other with their laptop computers touching as they look confused and confounded by what they are seeing on their screens.
Technology Shares

'Signs of rotation' from ASX tech shares to value stocks and cyclicals: expert

Tech shares shone brightly in FY24 but will this trend continue in FY25?

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

4 popular ASX 200 shares smashing new highs today

The gains continue for these ASX 200 winners.

Read more »

Falling yellow arrow with descending wooden bars with the percentage sign written on them.
Share Market News

Here's when NAB says the RBA will cut interest rates

The big four bank has updated its forecast timing for the first interest rate cut.

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Share Fallers

Why DroneShield, Ora Banda, Step One, and Woodside shares are tumbling today

These shares are having a poor session. Why are investors selling them?

Read more »

A man sees some good news on his phone and gives a little cheer.
Share Gainers

Why Arafura, Dropsuite, Spartan Resources, and Universal Store shares are pushing higher

These shares are having a strong session on Tuesday. But why?

Read more »