Australia’s Most In-Demand Suburbs: Where Buyer Interest is Soaring

According to a recent report, realestate.com.au these "golden neighbourhoods" are areas where competition is heating up among buyers.

So, where are these hotspots, and what makes them so irresistible?

The suburbs leading the charge

The report identifies a range of suburbs across Australia's capital cities where buyer interest is on a significant uptick.

These areas share key characteristics in terms of lifestyle appeal to proximity to infrastructure projects, making them a magnet for both homeowners and investors.

Melbourne

The outer eastern suburbs are leading the way in Melbourne.

Attention has been taken by family-friendly locations such as Wantirna South, Vermont South, and Ringwood.

These areas boast spacious homes, excellent schools, and plenty of green spaces.

Shopping hubs like Westfield Knox and Eastland add to that benefit, where young families are attracted by the convenience and lifestyle amenities this gives.

While on the other side of town, suburbs in Melbourne's west, such as Werribee and Melton, attract attention.

These areas offer much better affordability, combined with improving infrastructure such as rail links and new schools, which make them attractive to first-home buyers and investors.

Sydney

The most in-demand suburbs for buyers remain Sydney's northern beaches and inner-west suburbs.

The suburbs of Freshwater and Manly remain hot property, with their combination of coastal living, communities full of life, and easy access to the CBD.

Meanwhile, inner-west suburbs like Leichhardt and Marrickville appeal to professionals and young families who want city life, but with a strong aspect of café culture and nightlife.

Brisbane and South-East Queensland

The outer suburbs of Brisbane—the planned communities like Springfield Lakes and North Lakes—are booming due to their relative affordability and large investments in infrastructure.

Also attracting more buyers are the Sunshine Coast and Gold Coast, as remote working arrangements allow people to focus on lifestyle destinations without sacrificing job opportunities.

Other Capital Cities

Adelaide's suburbs are in a boom, such as Glenelg and Unley due to the lifestyle it affords and proximity to the CBD.

The southwestern suburbs of Perth, including Rockingham and Baldivis, are also attracting buyers because of their relatively more affordable prices and the potentially better return on growth deriving from improving infrastructures.

What's Driving the Surge in Buyer Demand?

According to a report, the factors responsible for this trend are:

1. Lifestyle priorities are shaping choices

Lifestyle has emerged as a driving factor for homebuyers in the post-pandemic period.

The end result has been that Australians chase homes in suburbs with access to green spaces, beaches, good schools, and vibrant communities.

Places that can offer spacious living and proximity to areas of recreation have especially become in demand.

2. Affordability factor

High interest rates have carried many buyers from traditional blue-chip areas into more affordable bastions.

Suburbs offering similar lifestyle benefits for a lower entry point have now firmly come onto the radar of buyers.

3. Long-term growth potential

Astute buyers are looking beyond the short-term movement of markets to economies that make a stronger case for long-term growth.

Infrastructure projects, population growth, and a top-up of government investments have made suburbs project themselves as locations in high demand.

4. The FOMO effect

In some cases, FOMO is driving buyer activity. With Australians getting used to higher borrowing costs, many of them are eager to lock in property purchases now rather than risk being priced out later.

A final note...

As always, these "short-term" high-growth suburbs aren’t necessarily the suburbs I would recommend investing in.

That’s because when it comes to property investment, it's most important to look for an investment-grade property in the ‘right area’ rather than chasing ‘top hotspots’ or growth areas.

But even before looking for the right location, make sure you have a Strategic Property Plan to steer you through the upcoming challenging times our property markets will encounter.

You see…property investing is a process, not an event.

Things have to be done in the right order – and selecting the location and the right property in that location comes right at the end of the process.

The fact is, the property you will eventually buy will be the result of a sequence of questions you will need to ask and answer and a series of decisions you’ll need to make before you even start looking at locations.

Long before we talk about a property or the right location with our clients at Metropole, we look at factors including their age, their timeframes, and the desired end results in other words, what do they really want the properties to do – are they looking for cash flow, capital growth, or a combination of both.

And that’s because what makes a great investment property for me, is not likely to be the same as what would suit your investment needs.

About Leanne Spring Leanne is a highly experienced Buyers Agent in the Brisbane Real Estate market. Leanne became a passionate lover of property in 2001. Since then, both professionally and personally, she has been involved in all aspects of property including purchasing, negotiating, renovating, and selling.