Australia markets closed
  • ALL ORDS

    7,709.50
    +21.50 (+0.28%)
     
  • ASX 200

    7,493.80
    +25.50 (+0.34%)
     
  • AUD/USD

    0.7106
    -0.0011 (-0.15%)
     
  • OIL

    79.38
    -1.63 (-2.01%)
     
  • GOLD

    1,927.60
    -2.40 (-0.12%)
     
  • BTC-AUD

    32,278.88
    -118.55 (-0.37%)
     
  • CMC Crypto 200

    526.66
    +9.65 (+1.87%)
     
  • AUD/EUR

    0.6535
    +0.0006 (+0.09%)
     
  • AUD/NZD

    1.0934
    -0.0026 (-0.24%)
     
  • NZX 50

    12,036.05
    +12.59 (+0.10%)
     
  • NASDAQ

    12,166.60
    +115.12 (+0.96%)
     
  • FTSE

    7,765.15
    +4.04 (+0.05%)
     
  • Dow Jones

    33,978.08
    +28.67 (+0.08%)
     
  • DAX

    15,150.03
    +17.18 (+0.11%)
     
  • Hang Seng

    22,688.90
    +122.12 (+0.54%)
     
  • NIKKEI 225

    27,382.56
    +19.81 (+0.07%)
     

Fastest-growing suburbs in Australia revealed

Aussies are flocking out of inner-city suburbs in search of more affordable housing.

A composite image of the suburb of Green Square and a crowd of people.
Aussies flocked to live in these popular suburbs since the pandemic hit. (Source: Getty)

Australia added more than 1 million new residents since December 2019, despite pandemic-induced border closures, with some suburbs getting a bigger boost than others.

A new report from KPMG Australia found Aussies continued flocking to “greenfield” suburbs, with the fastest-growing areas being suburbs where free-standing houses were more common.

Nearly a quarter of the 1 million new residents settled in one of the top 10 fastest-growing areas, KPMG demographics expert Terry Rawnsley said.

Queensland continues to have the highest population growth rate (2.1 per cent) with Victoria making the largest contribution to population growth (127,000), followed closely by New South Wales (120,000).

States and territories annual population growth, December 2022

State

Estimated resident population (ERP) (Million)

Annual growth

Annual growth

New South Wales

8.2

120,000

1.5%

Victoria

6.7

127,000

1.9%

Queensland

5.4

110,000

2.1%

South Australia

1.8

27,000

1.5%

Western Australia

2.8

46,000

1.7%

Tasmania

0.6

4,000

0.8%

Northern Territory

0.3

2,000

0.8%

Australian Capital Territory

0.5

7,000

1.5%

Australia

26.2

440,000

1.7%

Wyndham in Victoria was the fastest-growing area between 2019 and 2022, with 34,500 additional residents. Wyndham covers almost 20 suburbs containing a significant number of greenfield developments.

“Significant road and rail investments over the past 20 years, combined with development-ready land has resulted in strong population growth,” Rawnsley said.

Greenfields are former rural land areas that are being developed for housing - typically detached houses.

Top 10 fastest-growing regions 2019-2022

State

Statistical Area 3

2022 Dec ERP

Change2019-2022

Annual Growth Rate2019-2022

VIC

Wyndham

308,900

34,500

4.0%

NSW

Blacktown - North

147,300

30,100

7.9%

VIC

Casey - South

237,100

29,400

4.5%

QLD

Ormeau - Oxenford

170,500

24,500

5.3%

NSW

Bringelly - Green Valley

147,400

21,700

5.4%

VIC

Melton - Bacchus Marsh

204,100

20,500

3.6%

VIC

Tullamarine - Broadmeadows

212,300

18,800

3.1%

NSW

Rouse Hill - McGraths Hill

60,500

17,500

12.1%

WA

Swan

161,100

15,600

3.4%

QLD

Springfield - Redbank

113,300

14,300

4.6%

New South Wales

Blacktown North (which includes the suburbs of Marsden Park and Stanhope Gardens) was the fastest-growing area in New South Wales. The area has added 30,100 residents since 2019.

Meanwhile, the neighbouring region of Rouse Hill - McGraths Hill added 17,500 new residents.

“Sydney’s North-West has seen ongoing growth in greenfield development, but also higher-density housing linked to access to the rail network and local jobs and services,” Rawnsley said.

Population growth in the Botany area (6,100 new residents) has been driven by high-density housing development in and around Green Square.

Fastest-growing regions in Greater Sydney 2019-2022

Statistical Area 3

2022 Dec ERP

Change2019-2022

Annual Growth Rate2019-2022

Blacktown - North

147,300

30,100

7.9%

Bringelly - Green Valley

147,400

21,700

5.4%

Rouse Hill - McGraths Hill

60,500

17,500

12.1%

Penrith

162,900

8,700

1.9%

Campbelltown (NSW)

181,200

7,700

1.4%

Liverpool

139,300

7,200

1.8%

Botany

60,900

6,100

3.6%

Camden

75,400

4,800

2.2%

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