From Surry Hills to Payneham first home buyers have been coming out strong so far this year and playing clear favourites with certain suburbs.
New data from NAB found that lending to first home buyers reached a new record in April with those looking to enter the market being tempted by Government incentives.
“The level of first homebuyer activity has been like nothing we’ve seen in a generation,” NAB Executive, Home Ownership, Andy Kerr said.
Here is a breakdown state by state.
Most popular postcodes in NSW
“The strength of the past two months in particular suggest that first home buyers remain incredibly active,” Kerr said.
Here is the top 10:
2138, including Rhodes - up 291 per cent
2035, including Maroubra - up 238 per cent
2010, including Darlinghurst, Surry Hills - up 166 per cent
2763, including Acacia Gardens - up 80 per cent
2150, including Parramatta - up 87per cent
2216, including Rockdale - up 61 per cent
2066, including Lane Cove - up 55 per cent
2530, including Dapto - up 54 per cent
2229, including Caringbah - up 45 per cent
2760, including Saint Mary’s - up 45 per cent
Most popular postcodes in VIC
Kerr said Victoria, and specifically Melbourne, stands out for its growth in the first four months compared to the tail-end of last year, but said there really isn’t much pattern to it.
“The end of the train lines, particularly to the south-east remain popular, where there is easy access to the Mornington Peninsula continues to draw plenty of buyers,” Kerr said.
Here is the top 10:
3149 – including Mount Waverley - up 180 per cent
3121 – including Richmond - up 163 per cent
3136 – including Croydon - up 155 per cent
3806 – including Berwick - up 146 per cent
3630 – including Shepparton - up 129 per cent
3400 – including Horsham - up 123 per cent
3500 – including Mildura - up 73 per cent
3750 – including Wollert - up 64 per cent
3150 – including Glen Waverley - up 59 per cent
3844 – including Traralgon - up 59 per cent
Most popular postcodes in QLD
Kerr said the most notable change in Brisbane is the interest in Fortitude Valley, where it’s likely apartments are the focus for first home buyers.
“There’s plenty of other areas that have made the list in Brisbane, while Broadbeach on the Gold Coast and Caloundra on the Sunshine Coast are also proving popular this year,” he said.
4006 – including Fortitude Valley - up 486 per cent
4811 – including Stuart (Townsville) - up 221 per cent
4170 – including Morningside, Cannon Hill - up 110 per cent
4068 – including Indooroopilly - up 102 per cent
4017 – including Bracken Ridge - up 90 per cent
4122 – including Mount Gravatt - up 87 per cent
4814 – including Aitkenvale (Townsville) - up 72 per cent
4670 – Bundaberg - up 72 per cent
4551 – including Caloundra - up 53 per cent
4218 – including Broadbeach - up 39 per cent
Most popular postcodes in WA
Kerr said you don’t need to travel too far from the CBD to find popular suburbs for first home buyers in Western Australia.
“Like other capitals, apartments in and around the city appear to be drawing more first-time buyers, with the eastern side of Perth’s CBD seeing a jump in demand, albeit off a low base,” Kerr said.
6210 – Mandurah - up 110 per cent
6055 – including Caversham, Guildford - up 73 per cent
6163 – including Kardinya - up 63 per cent
6164 – including Cockburn - up 54 per cent
6027 – including Joondalup - up 53 per cent
6112 – including Armadale - up 37 per cent
6018 – including Innaloo, Churchlands - up 27 per cent
6061 – including Mirrabooka - up 22 per cent
6280 – Busselton - up 22 per cent
6530 – Geraldton - up 20 per cent
Most popular postcodes in SA
Kerr said apartments in the CBD have seen strong demand from first home buyers through the first few months of 2021.
“In regional areas, Mt Barker shone as first home buyers consider the lifestyle benefits of living in the largest town in the scenic Adelaide Hills.”
5070 – including Payneham - up 473 per cent
5000 – including CBD - up 82 per cent
5251 – including Mt Barker - up 76 per cent
5074 – including Campbelltown, Newton - up 42 per cent
Most popular postcodes in the ACT
2611 – including Molonglo - up 67 per cent
2913 – including Palmerston - up 34 per cent
2914 – including Amaroo - up 21 per cent
Most popular suburb in TAS
7008 – including Lenah Valley - up 259 per cent