Suburbs around Australia homebuyers are flocking to right now

As the autumn selling season kicks off, new data has revealed where would-be homebuyers are flocking to in droves.

Analysis by PropTrack of searches on by highly engaged buyers in February has pinpointed the pockets in each state and territory of most interest.

Cameron Kusher, executive director of economic research at PropTrack, said markets have had a strong start to the year, with a rise in new listings but sustained high demand.

And the level of activity in some suburbs is extremely high.

A modern beach house in Middle Park

For example, the Adelaide suburb of Torrens Park had 265 average views by highly engaged buyers per listing last month, Mr Kusher said.

That represented the biggest result in Australia and, to put it into context, the average number of highly engaged buyers per listing at a national level is 12.

“Torrens Park is a suburb to the south of Adelaide’s CBD that is highly desirable, highlighted by the median house prices of $1.25 million,” Mr Kusher said.

“Most of the homes in the suburb sit on large lot sizes, particularly compared to most other suburbs of Adelaide.”

The top five list of most highly engaged buyers per listing was dominated by four Adelaide suburbs. Picture: Getty

As a result, it was South Australia’s number one result, something that Jackie Bayly from Bayly Real Estate has seen on the ground.

“It’s a highly sought-after suburbs for growing families and for those looking to build their dream homes on large parcels of land,” Ms Bayly said.

“It’s an affluent suburb that still maintains a very liveable country-esque feel to it with countless walking trails and panoramic views of the city.”

Unley Road runs through Torrens Park and provides access to the CBD in just 15 minutes.

“Families are drawn to Torrens Park because of the high-profile schools in the area like Scotch College and Mercedes College.

“This is a great suburb for those looking for a lifestyle property while still having the accessibility of the city so close by.”

The top five biggest results nationally included three other suburbs in SA – Stirling (192), Largs Bay (179), and Burnside (176) at second, fourth and fifth respectively.

Warrandyte in Victoria came in second overall nationally with 191 average views by highly engaged buyers per listing. The outer-eastern Melbourne suburb was the top performer in Victoria.

“It’s proving extremely popular due to the fact it is still relatively close to Melbourne but also nearby to the Yarra Valley and offers residents the green, leafy suburb that so many desire,” Mr Kusher said.

Leafy Warrandyte in outer Melbourne has been named a suburb buyers are flocking to. Picture: Getty

Local agent Theo Politis from Barry Plant has seen significant demand from young professionals and families.

“They are mainly moving for larger homes and space and have all commented that the suburb offers a great community feel,” Mr Politis said.

“The suburb still represents excellent value for money for what it has to offer.”

The number one result in New South Wales was the western Sydney suburb of Blaxland with 144 average views per listing by highly engaged buyers, he said.

“A key trend in demand we’ve seen across Sydney is a shift quite strongly to outer and more affordable suburbs, particularly those with some lifestyle appeal.

“Property prices in Blaxland are lower than those across Greater Sydney, and it’s an outer suburb with lifestyle appeal.”

Blaxland in the Lower Blue Mountains is full of wide open spaces. Picture: Getty

Local agent Kate Spence from Chapman Real Estate isn’t surprised her patch is in such high demand.

“Not only are locals looking to buy and sell, but couples and families from inner-Sydney and further afield are looking for that better work/life balance,” Ms Spence said.

“They’re sick of the commute and their cramped apartments and terrace homes. They want space to breathe, time to reconnect, and an opportunity to reimagine their personal and professional lives.”

She said buyer activity in the local market of late is “as strong as I’ve ever known it”.

“And what’s not to love about the Mountains? We’ve got large homes on big blocks in tidy, tree-lined streets. We’ve got incredible parks, schools, cafes, and restaurants, plus we’ve got the World Heritage-listed Blue Mountains National Park on our doorstep.”

In Queensland, the trend towards beachy lifestyle suburbs observed during the COVID-19 pandemic looks to be continuing.

Mr Kusher said the Gold Coast pocket of Currumbin had the top average number of highly engaged buyers per listing in the state at 151.

“It’s a relatively small beachside suburb with a median price well above the Gold Coast median.

“This exclusive enclave is proving very popular with buyers, highlighted by the fact median house prices are 36.6% higher over the past year.”

There are some spectacular homes in Currumbin, which is a sought-after pocket on the Gold Coast. Picture:

The buyers heading to Currumbin comprise a mix of families, empty nesters and those looking for secondary residences, local agent Troy Dowker from Kollosche said.

“With its natural beauty, it’s very appealing as it’s the only beachside village on the Gold Coast that has a low-density living environment with an abundant of Crown land and nature reserves, which adds to the tranquillity and relaxed vibe,” Mr Dowker said.

“The laidback beach lifestyle and village ambience makes Currumbin highly desirable, and our market represents good value for money for interstate and expat buyers.”

Currumbin remains an extremely sought-after suburb on the Gold Coast. Picture: Getty

A consistent theme so far in 2022 is a limited supply of quality prestige property driving up prices among highly motivated and competitive buyers, he said.

“The market is catching up with pent-up demand and fresh interest from expats and southern migrants.”

In Canberra, the suburb of Holt was the top result in the Australian Capital Territory with 44 average highly engaged buyers per listing.

“It’s located in the Belconnen District of Canberra and so it is further away from the city centre,” Mr Kusher said.

“But for that reason, it also has median house and unit prices that are lower than the broader Canberra median.”

Homes in Holt are more affordable than elsewhere in Canberra, helping drive demand. Picture: Getty

Nathan Wood from Ray White in Canberra has worked in the Holt market for years but described the past 18 months as “fascinating”.

“I have always been fond of Holt as a suburb for its established landscape and proximity to the city and it is lovely to see that it has now become a very popular choice for buyers,” Mr Wood said.

“We were lucky enough to market 13 Beach Place last year, which achieved the suburb’s record price and has really set a new precedent for the area.

“This along with some other great results has built a lot of confidence into the buyers looking to purchase into the area and we believe the suburb still has room to grow in the coming years.”

The Holt home Nathan Wood sold last year for a record $1.55 million. Picture:

In Tasmania, the suburb of Bellerive topped the state result with 132 average views by highly engaged buyers per listing.

“It’s adjacent to the Derwent River and across from the Hobart CBD,” Mr Kusher said.

“But Bellerive is not as expensive as some inner-city suburbs of Hobart and that’s probably driving its demand, which has pushed prices there 28.6% higher over the past year.”

Over in the west, the posh Perth suburb of Peppermint Grove was the state’s biggest performer with 82 average views by highly engaged buyers per listing.

“It’s one of the city’s most sought-after suburbs, sitting adjacent to the Swan River,” Mr Kusher said.

“Many potential buyers are looking in this area and the strong demand has pushed house prices in the suburb 48.6% higher over the past year.”

That’s in stark contrast to the broader growth seen in Perth where dwelling values have increased by just 7.7% in the same period.

Peppermint Grove is one of Perth’s most prestigious suburbs. Picture: Getty

Finally, in the Top End, the suburb with the most highly engaged buyers per listing in the Northern Territory was Howard Springs.

Even those who’ve never visited the NT would’ve heard about that particular pocket.

“Located on the outskirts of Darwin, the suburb is probably best known for being home to the federal COVID quarantine facility,” Mr Kusher said.

“But its large lot sizes are appealing for those people looking for a different type of Darwin lifestyle.”

All the data

National top five

Suburb Avg. people per listing
Torrens Park SA 265
Stirling SA 192
Warrandyte VIC 191
Largs Bay SA 179
Burnside SA 176

New South Wales top five

Suburb Avg. people per listing
Blaxland NSW 144
Corrimal NSW 127
Figtree NSW 117
Unanderra NSW 113
Waverton NSW 112

Victoria top five

Suburb Avg. people per listing
Warrandyte VIC 191
Croydon South VIC 155
Park Orchards VIC 138
Blackburn North VIC 137
Belgrave VIC 136

Queensland top five

Suburb Avg. people per listing
Currumbin QLD 151
Seventeen Mile Rocks QLD 149
Grange QLD 138
Newmarket QLD 136
Kenmore Hills QLD 136

Australian Capital Territory top five

Suburb Avg. people per listing
Holt ACT 44
Florey ACT 41
Throsby ACT 35
Mawson ACT 34
Forrest ACT 34

Tasmania top five

Suburb Avg. people per listing
Bellerive TAS 132
Austins Ferry TAS 97
Old Beach TAS 89
Hobart TAS 86
Dodges Ferry TAS 83

South Australia top five

Suburb Avg. people per listing
Torrens Park SA 265
Stirling SA 192
Largs Bay SA 179
Burnside SA 176
Brighton SA 166

Western Australia top five

Suburb Avg. people per listing
Peppermint Grove WA 82
Coolbinia WA 81
Rossmoyne WA 79
Kensington WA 77
North Beach WA 76