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Property hot spots: Top 50 suburbs tipped for growth

The top 50 suburbs have been handpicked by a panel of Australian property experts.

Tamika Seeto
·Finance Reporter
Updated ·2-min read
Australian houses aerial view. Sold sign on house. Property market concept.
The top 50 suburbs tipped for property price growth have been revealed. (Source: Getty)

Aussies looking to purchase an investment property might want to give these 50 suburbs a closer look, with median prices starting from just $305,000.

The majority of the suburbs are located in Queensland (18), followed by Western Australia (15), South Australia (10), New South Wales (4), Victoria (2) and Tasmania (1).

The cheapest suburbs in Smart Property Investment’s new FAST 50 report - which revealed the top 50 suburbs expected to deliver the biggest capital growth in 2024 - were located in Western Australia, with the suburbs of Armadale and Falcon having median prices of $305,000.

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The report was based on the insights of a panel of property experts and coupled with data analysis, Momentum Media managing editor of financial services and real estate Phillip Tarrant said.

“All these suburbs offer sound investment appeal at different price points. This ensures no specific bias to one suburb over another and reflects the diversity of ‘investable’ suburb locations to suit the strategy needs and outcomes for all investors,” Tarrant said.

Top 50 suburbs

Here are the top 50 suburbs for property investors and their median property price over the past 12 months.

Queensland top suburbs

  • Avenell Heights - $393,000

  • Beaudesert - $500,000

  • Bellbird Park - $600,000

  • Bethania - $516,500

  • Brassall - $500,000

  • Clayfield - $1,800,000

  • Collingwood Park - $520,000

  • Forest Lake - $688,000

  • Harristown - $450,000

  • Kearneys Spring - $528,250

  • Maryborough - $340,000

  • Morayfield - $596,500

  • Norman Gardens - $479,000

  • One Mile - $419,000

  • Raceview - $490,000

  • Redbank Plains - $510,000

  • Warwick - $370,000

  • Yeppoon - $550,000

New South Wales top suburbs

  • Armidale - $509,000

  • Hamilton - $1,100,000

  • Leppington - $1,167,500

  • Oran Park - $1,081,000

South Australia top suburbs

  • Aldinga Beach - $585,000

  • Modbury - $600,000

  • Mount Gambier - $375,000

  • Nuriootpa - $447,500

  • Para Hills - $525,000

  • Paralowie - $470,000

  • Reynella - $515,556

  • Salisbury - $477,500

  • Seaford - $606,250

  • Victor Harbor - $527,500

Tasmania top suburbs

  • Rokeby - $562,500

Victoria top suburbs

  • Churchill - $365,000

  • Mickleham - $700,000

Western Australia top suburbs

  • Armadale - $305,000

  • Bertram - $430,000

  • Camillo - $330,500

  • Falcon - $305,000

  • Forrestfield - $497,500

  • Gosnells - $370,000

  • Greenfields - $365,000

  • Hamersley - $680,000

  • Maddington - $385,000

  • Mandurah - $350,000

  • Meadow Springs - $467,500

  • Orelia - $338,500

  • Port Kennedy - $457,500

  • Rockingham - $477,500

  • Wellard - $441,000

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