The 50 most popular Aussie suburbs for property development

Australia’s development market continues to grow as an increasing number of first home buyers and upgraders look to purchase properties off-the-plan.

Buyer interest in new housing and apartments developments is up by 11 per cent and 6 per cent year-on-year, the latest data from realestate.com.au has revealed.

Why are off-the-plan properties still so popular?

Buying a property off-the-plan is often cheaper than buying an established property, and so is a popular option among younger buyers.

Image: Getty

“With a growing population and declining property prices, the ability to find and secure affordable housing continues to be a concern for many Australians,” realestate.com.au chief economist Nerida Conisbee explained.

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“In addition, tightened access to finance following the Banking Royal Commission and a threat of changes to negative gearing with the upcoming federal election has resulted in many buyers considering their property-purchasing options.”

Who is buying?

First home buyers are contributing to 50 per cent of the growth in new apartments in Queensland and South Australia, and are the primary driver of growth in new apartments in Western Australia.

“Aside from affordability, people are attracted to buying off-the-plan because of the modern features, the flexibility to choose floor plan and the fact that no-one else has lived in the property previously,” Conisbee added.

But there are some suburbs where buyers are especially interested in purchasing a home off-the-plan.

These are the most popular suburbs for developments

Victoria

New houses	New apartments
Doncaster	Melbourne, 3000
Langwarrin	Melbourne, 3004
Lilydale	South Melbourne
Drouin	Southbank
Officer	Footscray

Western Australia

New houses	New apartments
Doubleview	Perth
Scarborough	Fremantle
Floreat	Scarborough
Duncraig	Jolimont
Como	East Perth

South Australia

New houses	New apartments
West Lakes	Bowden
Lightsview	Adelaide
Warradale	Hyde Park
Somerton Park	West Lakes
Christies Beach	Lightsview

New South Wales

New houses	New apartments
Schofields	The Rocks
Kellyville	Dee Why
The Ponds	Wollongong
Epping	Sydney
Edmondson Park	Newcastle

Queensland

New houses	New apartments
Newport	Palm Beach
Caloundra	Broadbeach
Rochedale	Kangaroo Point
Springfield Lakes	Burleigh Heads
Maudsland	Newstead

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