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Top 19 suburbs where property prices will rise

Australian currency fanned out and the aerial view of a leafy Australian suburb.
Some suburbs are still expected to see prices rise, despite the cooling property market. (Source: Getty)

Property prices have been cooling around the country, but new research has identified some suburbs that are still expected to see prices rise.

The Well Money Green Shoots report found the top suburbs in Australia that were showing the clearest signs strong price growth was around the corner.

The suburbs had the strongest combination of inventory levels falling - meaning fewer available properties - fewer days spent on the market, and asking prices increasing over the past three months.

Well Money CEO Scott Spencer said inventory levels had fallen in each of the markets over the October quarter.

“The reason inventory levels are such an important leading indicator is because they tell you what’s happening with the balance of power in a particular market,” Spencer said.

“When inventory levels are falling, that means buying conditions are becoming harder, which forces buyers to compete harder and puts upward pressure on prices.”

Spencer said each of the suburbs had also seen days on the market either remain the same or fall.

“When properties sell more quickly, that’s another sign of growing buyer competition. When supply falls and demand rises, vendors take notice,” he said.

Suburbs where prices are expected to rise

Here are the suburbs where prices are anticipated to rise, and the median asking price.

  1. Burekup, WA - $511,110

  2. St Albans, VIC - $518,160

  3. Moonta, SA - $320,000

  4. North Brighton, SA - $1,072,500

  5. Glenelg, SA - $1,101,998

  6. Johnston, NT - $612,500

  7. Sunshine, NSW - $930,000

  8. Junction Village, VIC - $720,700

  9. Wembley Downs, WA - $1,249,990

  10. Wyee, NSW - $897,573

  11. Booval, QLD - $249,000

  12. Two Wells, SA - $486,000

  13. Cairnlea, VIC - $430,260

  14. Munno Para, SA - $384,500

  15. Noranda, WA - $325,000

  16. Binningup, WA - $415,000

  17. Alkimos, WA - $459,430

  18. Waterways, VIC - $1,540,800

  19. Brighton-Le-Sands, NSW - $750,000

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