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Property hotspots: 24 postcodes first home buyers are snapping up

New NAB data has revealed the top property hotspots for first home buyers.

Sydney property market. Aerial view of buildings. Sold sign. First home buyer concept.
New NAB data has revealed the top locations for first home buyers. (Source: Getty)

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:

Victoria

  1. 3029 – Hoppers Crossing, Tarneit, Truganina

  2. 3064 – Craigieburn, Donnybrook, Kalkallo, Mickleham, Roxburgh Park

  3. 3978 – Cardinia, Clyde, Clyde North

New South Wales

  1. 2762 – Schofields

  2. 2765 – Berkshire Park, Box Hill, Maraylya, Marsden Park, Nelson, Oakville, Riverstone, Vineyard

  3. 2170 – Casula, Chipping Norton, Hammondville, Liverpool, Lurnea, Moorebank, Mount Pritchard, Prestons, Warwick Farm

Queensland

  1. 4350 – Toowoomba and surrounds

  2. 4207 – Beenleigh, Yarrabilba

  3. 4300 – Springfield Lakes, Goodna

Western Australia

  1. 6112 – Armadale, Harrisdale

  2. 6061 – Balga, Nollamara

  3. 6164 – Success, Cockburn Central

South Australia

  1. 5162 – Morphett Vale, Woodcroft

  2. 5158 – Hallett Cove, O’Halloran Hill

  3. 5251 – Mount Barker

Tasmania

  1. 7320 – Burnie, Acton, Camdale

  2. 7011 – Berriedale, Chigwell

  3. 7310 – Devonport, East Devonport

ACT

  1. 2602 – Dickson, Watson

  2. 2913 – Casey, Franklin

  3. 2617 – Bruce, Lawson

Northern Territory

  1. 0810 – Nightcliff, Casuarina

  2. 0870 – Alice Springs, Gillen

  3. 0832 – Rosebery, Bakewell

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