Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.6511
    +0.0022 (+0.35%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    83.66
    +0.30 (+0.36%)
     
  • GOLD

    2,339.60
    -2.50 (-0.11%)
     
  • Bitcoin AUD

    102,566.63
    +377.64 (+0.37%)
     
  • CMC Crypto 200

    1,416.54
    -7.56 (-0.53%)
     

20 suburbs expected to defy property downturn

The Aussie property market is seeing prices fall, but these suburbs are expected to buck the trend.

A composite image of a real estate sign out the front of a property indicating it is for sale and the view of a Perth suburban street.
Despite price falls around the nation, these Aussie suburbs are expected to buck the trend. (Source: Getty)

Despite a property downturn throughout much of Australia, not all suburbs are expected to see prices fall.

New research commissioned by Well Money detected 20 locations where price rises were imminent.

The quarterly Well Money Green Shoots Report has identified the top 20 suburbs in Australia currently showing the clearest signs meaningful price growth is just around the corner.

The suburbs chosen showed the strongest combination of inventory levels decreasing over the past three months and days on market decreasing over the past three months – and, if possible, asking prices increasing over the past three months as well.

ADVERTISEMENT

For the January quarter, the Well Money Green Shoots Report included 10 metro and 10 regional locations, as well as five house and 15 unit markets.

Well Money CEO Scott Spencer said there were notably fewer suburbs showing signs of imminent price growth in the January 2023 quarter than the October 2022 quarter.

“Property markets are cooling throughout Australia so, right now, it’s much easier to find locations where prices are likely to fall than rise,” he said.

“That said, there are some markets in which the data is pointing in the opposite direction – towards near-term price rises.”

Top 20 suburbs prices are expected to rise

Here are the top 20 suburbs and the median asking price for homes:

  1. Caulfield, VIC, 3162 - $750,000

  2. Mount Hawthorn, WA, 6016 - $500,000

  3. Ferndale, WA, 6148 - $359,000

  4. Clinton, Qld, 4680 - $229,000

  5. Ballajura, WA, 6066 - $329,000

  6. Toowoomba City, Qld, 4350 - $290,500

  7. Collie, WA, 6225 - $255,000

  8. Ashfield, Qld, 4670 - $605,280

  9. Redcliffe, WA, 6104 - $380,000

  10. Mooloolah Valley, Qld, 4553 - $935,000

  11. Nollamara, WA, 6061 - $400,000

  12. Lockridge, WA, 6054 - $269,000

  13. Booker Bay, NSW, 2257 - $1,375,000

  14. Harristown, Qld, 4350 - $289,000

  15. Mount Lofty, Qld, 4350 - $479,750

  16. Carrum, VIC, 3197 - $950,000

  17. Saunders Beach, Qld, 4818 - $400,000

  18. Darling Heights, Qld, 4350 - $350,000

  19. Warnbro, WA, 6169 - $297,840

  20. Shoalwater, WA, 6169 - $229,000

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.