First home buyers are snapping up properties in Melbourne’s western and northern suburbs, as well as Sydney’s north-west.
New NAB data has revealed the top locations for first home buyers heading into 2023, based on the bank’s data from June to November 2022.
In Victoria, around one in 10 first home buyers bought in areas around Hoppers Crossing in Melbourne’s west or Craigieburn in the city’s north - areas that have been bolstered by recent road projects and ongoing transport upgrades.
In New South Wales, demand for the Sydney north-west suburb of Schofields jumped 63 per cent quarter-on-quarter at the end of last year. This was thanks to the completion of new housing developments and off-the-plan properties eligible for state government assistance.
Meanwhile, Queensland first home buyers flocked to the Toowoomba suburbs of Darling Heights and Drayton as the regional centre experiences an infrastructure boom.
NAB home ownership executive Andy Kerr said first home buyers weren’t being deterred from entering the property market, with value and location their top two most important factors.
"Despite the overall market softening, first home buyers are bucking the trend with sales staying stable nationally and growing in some of the hottest suburbs such as Schofields in NSW,” Kerr said.
"Outer metro growth areas like Tarneit in Melbourne, Hallett Cove, right near Adelaide's southern beaches and suburbs south-east of Perth have great amenities, particularly for young families.”
First home buyer hotspots
Here are the most popular postcodes for first home buyers over the past six months:
3029 – Hoppers Crossing, Tarneit, Truganina
3064 – Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park
3978 – Cardinia, Clyde, Clyde North
New South Wales
2762 – Schofields
2765 – Berkshire Park, Box Hill, Maraylya, Marsden Park, Nelson, Oakville, Riverstone, Vineyard
2170 – Casula, Chipping Norton, Hammondville, Liverpool, Lurnea, Moorebank, Mount Pritchard, Prestons, Warwick Farm
4350 – Toowoomba and surrounds
4207 – Beenleigh, Yarrabilba
4300 – Springfield Lakes, Goodna
6112 – Armadale, Harrisdale
6061 – Balga, Nollamara
6164 – Success, Cockburn Central
5162 – Morphett Vale, Woodcroft
5158 – Hallett Cove, O’Halloran Hill
5251 – Mount Barker
7320 – Burnie, Acton, Camdale
7011 – Berriedale, Chigwell
7310 – Devonport, East Devonport
2602 – Dickson, Watson
2913 – Casey, Franklin
2617 – Bruce, Lawson
0810 – Nightcliff, Casuarina
0870 – Alice Springs, Gillen
0832 – Rosebery, Bakewell