Where to Next? Discover the Top Suburbs Taking Over Australia’s Property Market!
BY PROPCREW | MAY 31, 2024
Every month, millions of people check out property listings online, showing us which suburbs are hot right now.
Lots of things make a place great to live, like job opportunities, fun activities, and easy access to shops and services. Usually, big city suburbs are the top picks, thanks to all they offer.
But in the last five years, things have changed. Now, it's all about finding affordable places. The most viewed properties on realestate.com.au used to be in fancy areas like Toorak in Melbourne or Manly in Sydney. However, as of April 2024, Adelaide has become the top spot, with eight of the top ten suburbs for property views.
Adelaide is winning hearts because it’s more wallet-friendly than big cities like Sydney or Melbourne, and it's also a lovely place to live. The suburb of Torrens Park leads the list, with Bridgewater and Hawthorn close behind.
Here are the suburbs where lots of people are looking to buy or invest this month:
- Torrens Park, SA
- Bridgewater, SA
- Hawthorn, SA
- Coromandel Valley, SA
- Mile End, SA
- Marino, SA
- Belair, SA
- Golden Grove, SA
- Springfield, NSW
- Middle Park, VIC
Even though Torrens Park is on the pricier side in Adelaide, with a median house price of $1.35 million, it’s a steal compared to similar suburbs in Sydney or Melbourne.
The other two spots in the top ten are Springfield, a budget-friendly suburb in Sydney, and Middle Park in Melbourne, which is a bit more upscale.
The key takeaway? The hottest suburbs for property views show us where people really want to live and invest right now. Places like Adelaide are becoming the best suburbs to buy in Australia because they offer good value for money. Also, since homeowners in these popular areas often keep their properties for a long time, there aren’t many houses available, which makes these few spots even more desirable.
This list not only highlights the best property investment areas in Australia but also points out the high growth suburbs of Australia where you can expect your investment to grow. If you're looking for top investment suburbs in Australia or the best rental yield suburbs in Australia, this guide helps you understand the current favorites on the market.
Whether you're a first-time buyer or looking to invest, these insights into Australia property investment hotspots help you make informed decisions on where to buy real estate in Australia.