Advertisement
Australia markets close in 4 hours 2 minutes
  • ALL ORDS

    8,008.70
    -3.40 (-0.04%)
     
  • ASX 200

    7,767.70
    -1.70 (-0.02%)
     
  • AUD/USD

    0.6663
    +0.0005 (+0.07%)
     
  • OIL

    82.34
    +0.17 (+0.21%)
     
  • GOLD

    2,373.20
    +4.20 (+0.18%)
     
  • Bitcoin AUD

    97,443.55
    -151.02 (-0.15%)
     
  • CMC Crypto 200

    1,359.42
    -23.24 (-1.68%)
     
  • AUD/EUR

    0.6218
    +0.0001 (+0.02%)
     
  • AUD/NZD

    1.0879
    +0.0006 (+0.05%)
     
  • NZX 50

    11,771.48
    -0.33 (-0.00%)
     
  • NASDAQ

    19,752.30
    -156.56 (-0.79%)
     
  • FTSE

    8,272.46
    +67.35 (+0.82%)
     
  • Dow Jones

    39,134.76
    +299.90 (+0.77%)
     
  • DAX

    18,254.18
    +186.27 (+1.03%)
     
  • Hang Seng

    18,146.28
    -189.04 (-1.03%)
     
  • NIKKEI 225

    38,681.63
    +48.61 (+0.13%)
     

Hot property: Australia's most in-demand suburbs

The most sought-after suburbs for houses and units have been revealed.

Composite image of property sold sign and Surfers Paradise apartments.
Surfers Paradise on the Gold Coast was one of the most in-demand suburbs for property buyers. (Source: Getty)

Aussies property buyers are flocking to inner-city apartments, more affordable middle- and outer-metropolitan homes and scenic areas across the country as we head into winter.

Victoria is seeing the highest level of demand among buyers, according to new research from PropTrack, particularly among those looking to buy a house.

The state accounted for nine of the top 10 most highly engaged suburbs for houses listed on realestate.com.au, and six of the top 10 for units.

ADVERTISEMENT

Berwick, in Melbourne’s south-east, was the most sought-after suburb for houses, with 41,860 highly engaged buyers over the 12 months to the end of May 2023. This included buyers who completed a number of actions on the platform, including saving a property or inspection time.

This was followed by Buderim on Queensland’s Sunshine Coast - with 38,452 potential buyers over the year - and Kew in Melbourne - with 33,229 highly engaged buyers.

“Suburbs seeing the most engagement among those looking to buy a house are typically located in middle- and outer-metropolitan areas of capital cities,” PropTrack economist Anne Flaherty said.

Melbourne city was the most in-demand suburb for units (74,890 potential buyers), followed by Surfers Paradise on the Gold Coast (51,659 potential buyers) and South Yarra in inner-city Melbourne (44,863 potential buyers).

“When it comes to the suburbs seeing the highest level of engagement for units, inner-city areas dominate, with the Melbourne, Brisbane, and Adelaide central business districts all making the national top 10,” Flaherty said.

“Across all states, the suburbs seeing the most engagement from buyers are typically located in scenic areas that combine high levels of liveability with excellent amenity. Standout regions include Sydney's scenic Northwest, Melbourne's Outer East and Mornington Peninsula, and Queensland's Gold Coast.”

Top 20 suburbs

For houses, the most in-demand suburbs were:

  1. Berwick, VIC - 41,860

  2. Buderim, QLD - 38,452

  3. Kew, VIC - 33,229

  4. Point Cook, VIC - 32,671

  5. Brighton, VIC - 32,262

  6. Croydon, VIC - 32,230

  7. Richmond, VIC - 31,833

  8. Mount Martha, VIC - 31,268

  9. Frankston, VIC - 31,265

  10. Werribee, VIC - 30,908

For units, the most in-demand suburbs were:

  1. Melbourne, VIC - 74,890

  2. Surfers Paradise, QLD - 51,659

  3. South Yarra, VIC - 44,863

  4. St Kilda, VIC - 39,082

  5. Richmond, VIC - 36,139

  6. Southbank, VIC - 33,360

  7. Hawthorn, VIC - 33,038

  8. Brisbane City, QLD - 32,812

  9. Southport, QLD - 29,702

  10. Adelaide, SA - 28,554

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