Hot 100 suburbs to watch in 2024

Property seekers on the hunt for the next hot suburb may not have to look too far, with new forecasts revealing 100 locations across the country that are tipped to outperform in 2024 and beyond.

Suburbs in the annual realestate.com.au Hot 100 were selected based on several economic and local growth drivers such as supply and demand, population growth and infrastructure projects, which are expected to boost prices in the short- to medium- term.

Examining the list, PropTrack director of economic research Cameron Kusher said it highlights ample opportunities “right across the country”.

“There are a lot of things that make a suburb ‘hot’, it can be in a desirable location that drives more demand, it can be undergoing gentrification to make it more attractive, it can be relatively affordable to other surrounding suburbs,” Mr Kusher said.

“Of course, there are always individual suburbs and locations that will either underperform or overperform.”

Jump ahead to see the Hot 100

PropTrack’s latest Property Market Outlook report predicts home prices across the country will grow between 1% and 4% over the next 12 months, slightly slower than the 5.5% pace of growth recorded so far in 2023.

With Perth and Adelaide expected to outperform the other capital cities in 2024, Mr Kusher noted an increase in WA and SA suburbs nominated in this year’s Hot 100.

“This really reflects the fact that Perth and Adelaide have seen some of the strongest price growth over the past year and an expectation they will outperform next year,” he said.

“We also anticipate that Adelaide and Perth will be the two capital cities with the strongest price growth next year.”

Suburbs were nominated based on various growth drivers, including:

• Affordability, either low prices suiting buyers on a budget or relative affordability compared to nearby suburbs
• Amenity, being the level of lifestyle pluses, from bars and restaurants to boutiques and parklands
• Family appeal, such as dwelling type, perceived safety and proximity to good schools
• Location, including proximity to the CBD or major hubs, or closeness to natural amenity like beaches
• Investment prospects, from rental market conditions to expected imminent upside
• Gentrification, being the changing face of a suburb
• Population growth, representing a projected increase in the number of locals
• Demographic change, indicating a shift from the current make-up of residents, for example young families replacing downsizing elderly locals
• Infrastructure, looking at major investments in projects that will benefit the suburb or surrounds.

2024 trends: Affordable capitals, regional resurgence

While the list features a broad range of suburbs, PropTrack economist Anne Flaherty said a few key themes stand out.

“Family friendly suburbs dominate, especially those with excellent access to schools, parks, and shopping precincts,” Ms Flaherty said.

“Most of these suburbs also boast excellent transport infrastructure, whether that be access to road networks or public transport such as trains or buses.

“Many of these suburbs are also relatively affordable, offering the chance to buy in at below the median price of their respective capital cities.”

Despite underperforming the capital cities over the past year, Ms Flaherty said regional suburbs made up around 40% of the list.

“Many regional areas outperformed during the pandemic,” she said. “This trend has now slowed and over the past 12 months regional areas have underperformed their capital city counterparts in most states.”

“Despite this, positive net intrastate migration from capital cities to regional areas has been a trend for over 20 years, and population growth will continue to support the performance of regional real estate.

“Furthermore, with affordability deteriorating in capital cities, more buyers are likely to look to regional areas to purchase.”

Mr Kusher said the regions selected are either relatively close to a capital city or have a diversified economy.

“These tend to be key drivers in regional markets and reflect our expectations of the types of locations in regional areas likely to see the strongest price growth next year,” he said.

The experts behind the Hot 100

The list was compiled by a panel of industry experts – including the heads of major agency groups, buyer’s agents, researchers, investors and an academic – and complemented by PropTrack data and economic analysis.

Mr Kusher said that while there is ‘no guarantee’ that these areas will outperform, the Hot 100 gives buyers valuable insights into the thinking of experts, and what they believe are key drivers of price growth.

It also allows buyers to look outside their own backyard, Ms Flaherty added.

“When it comes to looking to buy, people tend to focus their searches on areas they already know. But discovering new suburbs can help buyers broaden the range of areas they are willing to look in,” she said.

“In the case where a buyer has been priced out of their desired suburbs, this can help in identifying more affordable areas offering them comparable attributes.”

In suburbs where there has not been enough sales or rental activity over the past 12 months to give an accurate price indication, PropTrack data will reflect N/A in the tables below.

Here’s where they see the best growth opportunities for a range of buyers – from first-home buyers to upgraders, downsizers to seasoned investors – in the year ahead.

Jump to your state or territory

New South Wales

NSW suburbs accounted for 20 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Alexandria 

Nominated by: Rich Harvey

Alexandria is already at a mature stage of gentrification, but according to Rich Harvey, the buzzy inner-city suburb still offers plenty of future growth. 

Under 5km from the CBD, the former industrial heartland of Sydney now offers a mix of residential warehouse conversions, heritage terrace homes, as well as restaurants, cafes and plenty of green space.  

“The suburb offers great connectivity with great public transport options, including three train stations – St Peters, Erskineville and the new Waterloo station – and a well-connected bus network,” Mr Harvey said.  

“Easy access to the new M8 allows a shorter drive to the western suburbs and other parts of Sydney.” 

So confident is Mr Harvey in the future of Alexandria that he’s nominated it for a second year in a row.  

“The suburb has evidenced great property growth over the last 10 years and we can expect more young families, singles and couples to be attracted to the area which should bode well for long-term property growth and strong rental returns.” 

Armidale

Nominated by: Linda Johnson, Adrian Knowles, Simon Pressley

With a population of almost 24,000, the inland city of Armidale offers a vibrant mix of industries including agriculture, education, renewable energy and tourism.  

Its quality recreation facilities, affordable housing and efficient internet services make Armidale a great location to raise a family, to work or to invest, according to Simon Pressley.

“One of the appeals to Propertyology is the vision and economic development strategy of the new city council – they’ve identified growth opportunities through tourism, horticulture and developing a highly productive renewable energy zone,” Mr Pressley said.  

Armidale’s young demographic reflects the popularity of its education facilities, including the ‘world class’ University of New England. 

“In fact, with 20% of the local workforce employed in the Education sector, Armidale is officially Australia’s Education Capital,” he said.

Also chosen by Harcourts’ Adrian Knowles and Real Estate Buyers Agents Association of Australia (REBAA) NSW representative Linda Johnson, Armidale sits almost at the middle point between Sydney and Brisbane.  

“Its location allows for good accessibility and therefore good proximity to a range of resources and emerging industries in the region, which provides a strong economic outlook,” Ms Johnson said.  

Avalon Beach 

Nominated by: Christine Mikhael

Property prices along Sydney’s Northern Beaches pulled back in 2022 after skyrocketing during the pandemic, and the jewel in the region’s crown – Avalon Beach – has seen a 12% correction in house prices since the peak in March 2022.  

But according to LJ Hooker’s Christine Mikhael, the affluent beachside village is now at a turning point.  

“Avalon has seen a rebound in house prices with a 2.40% increase since May,” Ms Mikhael said.  

“The suburb’s beachside appeal and strong demand, particularly from Eastern Suburb upgraders, should contribute to price growth over 2024.” 

While its laid-back village setting appeals to retirees, young families that can afford it are moving in in droves with a quarter of the population aged under 20 – higher than the state average. 

Berowra

Nominated by: Dan White

Set on the Hawkesbury River and surrounded by national park, Berowra feels a million miles away from the hustle and bustle of Sydney. Yet commuters will find themselves in the CBD in around an hour direct by train, or 45 minutes by car.  

With house prices more-than doubling over the past decade, Berowra’s convenient location and desirable setting will continue to support price growth into the future, according to Dan White.  

“This northern Hornsby Shire suburb is well placed for future growth,” Mr White said.

Tight rental conditions have seen median weekly advertised rents for houses surge by more than 20% over the past year, according to PropTrack. 

Burwood

Nominated by: Rich Harvey

A booming cultural hub with easy transport links to the CBD in the east and Parramatta to the west, Rich Harvey says location is one of Burwood’s key strengths.   

“Burwood is a well-established suburb in the inner west of Sydney. It is known for its diverse community, good amenities, and excellent location,” he said. 

“Burwood boasts a wide range of amenities, including shopping centres, schools, parks, and cultural facilities.  

“The suburb is also home to various quality schools, making it attractive for families.” 

With a range of homes – from high-rise apartments to sprawling multimillion dollar estates – the suburb’s demographic makeup is diverse. 

“Burwood has experienced some level of gentrification over the years, with urban renewal projects and an influx of new residents.  

“While property prices may be on the higher side, the suburb’s investment potential, urban renewal efforts, and ongoing population growth make it an attractive place to live and invest.”  

Dee Why

Nominated by: Christine Mikhael

There aren’t too many affordable entry points along Sydney’s coastline, but LJ Hooker chief executive Christine Mikhael says the Northern Beaches suburb of Dee Why offers good value.  

“Dee Why, the most affordable beachside suburb in Sydney, has witnessed an 8.40% price decline in units, making it an attractive option for buyers,” she said.  

PropTrack data shows the number of units listed for sale are down almost 17% compared to a year ago, while demand – measured by the number of key enquiries per listing – has soared 47%.    

“Good transport links further enhance its appeal, especially for those seeking affordability.”  

According to PropTrack, Dee Why has a median unit price of $880,000 and a median house price of $2.4m. 

Rich Harvey says neighbouring Brookvale offers another affordable entry point to Sydney’s Northern Beaches with plenty of units and easy access to the city via the B-line express bus service. 

Dubbo

Nominated by: Simon Pressley

In the heart of NSW lies the city of Dubbo, a dynamic regional centre with a diverse and thriving economy according to Simon Pressley.  

“The city plays the role of major service centre for the broader Orana region of more than 200,000 people,” he said.  

“A newly developed major hospital, good quality retail amenities, a reputable university, and daily flights to major cities.” 

With a median house price of $550,000, Dubbo offers an affordable lifestyle without compromising on amenity – with several shopping malls, three public swimming pools, two golf clubs and the famous Western Plains Zoo.  

“Decades of official evidence supports Dubbo’s status as an extremely resilient and low risk option for property investors with a budget of up to $600,000,” Mr Pressley said.  

Edmondson Park

Nominated by: Kate Hill

Sydney’s Liverpool area in the south west is a long-term growth market, according to Kate Hill, showing resilience in the face of the broader downturn of 2022. 

“In addition to the infrastructure associated with the new airport, the Liverpool region is the focus of extensive new development of transport infrastructure,” Ms Hill said.  

Identifying Edmonson Park as one of her top investment picks in the region, Ms Hill said the suburb’s relative affordability was driving a population boom and gentrification in the area, with low vacancy rates and good proximity to infrastructure projects. 

“Affordability remains the key issue in Sydney residential property – and this precinct of Sydney has attracted buyers because of its abundance of cheaper units and houses,” she said. 

“It also has appeal for investors because, while this fluctuates, vacancies are generally low and rental returns above average for Sydney.” 

She also likes Prestons and Horningsea Park. 

Elizabeth Bay

Nominated by: Rich Harvey

Located on the shores of Sydney Harbour, Rich Harvey considers the ultra-exclusive Elizabeth Bay a ‘safe long-term option’. 

Offering a selection of historic mansions, character terraces, art deco apartments and modern upscale apartment buildings, Elizabeth Bay is home to a diverse group of residents, he said.

“A vibrant diverse community from young singles, professional couples and downsizers who are looking for the ‘lock up and go’ lifestyle with the convenience of having easy access to some of the best dining, art galleries and entertainment options in Sydney’s Eastern Suburbs,” he said. 

“Considered to be a safe long-term option with strong capital growth and attractive rental yields which is expected to continue due to the strong demand from both owner occupiers and tenants who are paying a premium to live in this exclusive location.” 

Ettalong Beach

Nominated by: Pete Wargent

Located on the NSW Central Coast a little over an hour north of Sydney, or a 40-minute train ride, Pete Wargent says Ettalong Beach is a suburb experiencing change.  

“Ettalong Beach is benefitting from ongoing gentrification and is well-located, being close to both a well-connected train line and beaches,” he said.

A picturesque coastal suburb itself with amenities like cafes, restaurants and cycleways, Ettalong Beach also has direct ferry access to Sydney’s ultra-exclusive Palm Beach, which has a median house price of $5.36m.  

“The Central Coast has seen an influx of residents seeking a more flexible lifestyle close to the water, and detached homes can be picked up for under $1 million,” Mr Wargent said.  

“The pristine local beaches offer an attractive lifestyle on the peninsula.” 

Glenmore Park

Experts: Kate Hill, Christine Mikhael

As affordability constraints push families further out from the CBD, Sydney’s western suburbs have experienced rapid growth.  

Kate Hill sees the Penrith area as particularly well positioned for families and investors, with massive infrastructure spending and a booming population. 

“Sydney’s second airport at Badgerys Creek adds to the strategic appeal of Penrith and has acted as a catalyst for other large scale projects, such as the $5 billion Sydney Science Park and Penrith Health and Education Precinct,” Ms Hill said. 

Billions of dollars is being invested on road and rail infrastructure that will “cater for a population that is predicted to swell to around 440,000 by 2041,” she said.

Glenmore Park is one of the high conviction suburbs on the Hot 100, with LJ Hooker’s Christine Mikhael also nominating it as an area primed for growth.   

“Glenmore Park, approximately 50km west of Sydney’s CBD, has seen a slight decline of 2.40% in house prices, but it remains popular among young families due to its affordability,” Ms Mikhael said.  

“The suburb’s short [average number of] days on market reflects robust buyer demand.”  

Hamilton

Nominated by: Adrian Knowles

Newcastle was a major beneficiary of the pandemic-driven regional boom as Sydneysiders sought out a more affordable coastal lifestyle without sacrificing the buzz a big city has to offer. 

While some of the heat has come out of the regions, blue-chip Hamilton remains in high demand according to Harcourts’ Adrian Knowles.

“On the outskirts of the Newcastle city centre sits this suburb which is quickly becoming the place to live in the Hunter region,” Mr Knowles said.  

He highlighted Hamilton’s great architecture and “significant urban renewal and small hip community” that appeals to families, first-home buyers and downsizers – remaining an attractive option for investors and owner-occupiers alike.  

Kincumber

Nominated by: Linda Johnson

With a sleepy village setting, walking tracks along the foreshore and a stunning mountain backdrop, Kincumber has become a hub for retirees.  

But REBAA NSW representative Linda Johnson says its attractive lifestyle and location is drawing in a new crowd. 

“Kincumber is one of those suburbs under transformation,” Ms Johnson said. “Formerly more a retiree demographic, it’s gradually becoming home to families – both younger and older, couples and investors.” 

“It’s attractive because of viability for commuters via Woy Woy or Gosford stations and connector roads to the M1.  

“The local shopping centre has evolved with a range of specialty stores, coffee shops and a variety of quality produce.”  

Being situated next to some of the Central Coast’s most desired beachside suburbs, like Avoca Beach and Terrigal, is also having a spillover effect. 

“The Central Coast still remains an affordable alternate lifestyle to Sydney. With its convenient commutable distance between Sydney and Newcastle, the aftermath of Covid has only expedited the migration that has been occurring for many, many years.” 

Kingsford

Expert: Rich Harvey

For commuters, the appeal of Sydney’s stunning Eastern Suburbs is often weighed up against its connectivity to the CBD, with buses the only mode of public transport in many suburbs. 

This is where Kingsford shines, with the suburb conveniently located along the light rail offering access to the CBD, Moore Park entertainment precinct, plus the nearby university and hospital. 

“Its proximity to the University of NSW and Prince of Wales hospital makes it a popular choice for students, academics, and medical professionals with great connectivity with the light rail and regular bus services,” Rich Harvey said.  

“Kingsford is a 10-minute drive to Coogee beach, ideal for outdoor activities and relaxation and provides a balanced urban lifestyle making it an appealing place to reside.” 

While Kingsford is by no means affordable, it offers a lower entry point than nearby Randwick and Kensington with a variety of housing options including units, semis and free-standing homes. 

Maitland

Nominated by: Simon Pressley

With a booming young population – the main demographic being children under the age of 14 according to the latest Census – Maitland is a city on the rise.  

Located an easy 45 minutes from Newcastle, and less than two hours to Sydney, Maitland is not only well connected for commuters, but offers its own bustling community as the gateway to the tourism mecca that is the Hunter Valley wine country. 

“This major regional city in the Hunter Valley is situated within 1-hour of the coast, numerous wineries and a prominent equine centre,” Simon Pressley said.  

“One of Australia’s fastest growing cities, net internal migration contributed 25% growth to the city’s population over the last 15 years.  

“For perspective, the capital city that received the highest contribution over the same period was Brisbane with 6% growth.” 

After surging through the pandemic-driven regional boom, house prices in Maitland have slipped around 10% over the past year according to PropTrack, potentially providing an entry point for young families seeking a bustling regional community. 

Mayfield

Nominated by: Pete Wargent, Linda Johnson

As younger buyers get priced out of Newcastle’s inner ring suburbs, Pete Wargent says suburbs like Mayfield in the city’s north west are seeing positive change. 

“Mayfield is a gentrifying suburb of Newcastle, which has the twin benefit of relatively affordable entry prices, while still not being located too far from the Central Business District,” he said.  

“The local economy is firing, and Newcastle continues to thrive, generating a powerhouse local economy in its own right, while also diversifying away from the traditional industries.” 

Detached homes can be purchased from around $700,000, compared to well into the millions for similar homes near the beach or city centre.   

Mayfield was also nominated by buyer’s agent and NSW representative of the Real Estate Buyers Agents Association of Australia (REBAA), Linda Johnson, who says demand is spilling over from neighbouring suburbs.  

“Located on the city fringe, 5kms to Newcastle’s CBD and located close to neighbouring Tighes Hill, where demand is driven by primary school catchment, the University of Newcastle, accessibility to main roads and public transport infrastructure development, playgrounds, dog parks, cycleways and more,” she said. 

“Once an industrial centre, Mayfield now attracts homeowners and investors seeking both the city buzz and coastal vibe.” 

Mosman 

Nominated by: Dan White

Dan White describes Mosman as “hands down” one of the prettiest waterside suburbs in Sydney.  

It also has a price tag to match with houses in Mosman selling for a median $5m over the past 12 months according to PropTrack.  

But for buyers in the premium end of the market, Mr White says the appeal of Mosman’s postcard views has continued to drive strong price growth over the year.  

“It’s just north of the Sydney Harbour Bridge,” Mr White said. “As well as being home to one of the best zoos in the country, it boasts a lovely high street with postcard views to the CBD and Opera House.” 

New Lambton

Nominated by: Rich Harvey

An easy 15-minute drive west of Newcastle lies the charming suburb of New Lambton – which Rich Harvey describes as a ‘home renovator’s paradise’ due to the abundance of solid original houses.  

“You would be hard pressed to find a New Lambton street where a tidy 1950’s-era cottage hasn’t been transformed into a large contemporary family home that subsequently attracts asking prices above $1 million,” he said.  

Mr Harvey said the suburb appeals to all age groups with its village feel and proximity to facilities and infrastructure such as the University of Newcastle, the John Hunter Hospital, and the Westfield Kotara shopping centre.  

“All within only 6km of Newcastle’s famous beaches & Darby Street’s famous restaurants & cafés.” 

Northbridge

Nominated by: Rich Harvey

Just across the peninsula from Mosman, harbourfront trophy homes boasting panoramic vistas across Sydney’s Middle Harbour are commonplace in Northbridge – a suburb named after an iconic Gothic-style bridge that lies to its south.  

With a median house price of $4.8m, it’s by no means affordable, but for those with the budget, Northbridge offers stunning amenities and easy access to the city according to Rich Harvey.

“It is a highly desirable area to reside, being safe for families, close to the city, local shops and restaurants, and with access to extensive parkland and recreational areas, such as Northbridge Golf Club, Elizabeth Park, Clive Park and Northbridge Oval,” he said.   

“Houses are the predominant type of dwelling (77%) while the balance is a combination of units and townhouses.” 

Raby 

Nominated by: Christine Mikhael

Homes in Sydney’s Campbelltown region in the far south west are getting snapped up quickly as affordability concerns support the lower end of the market.   

According to Christine Mikhael, homes in the family friendly suburb of Raby are getting snapped up in around two weeks on average.  

With a median house price of $860,000 – well below the capital city median of $1.37m – the area is drawing in buyers seeking out affordability and bigger blocks. 

“Strong buyer demand, driven by affordability and proximity to Campbelltown and transportation, contributes to its appeal,” Ms Mikhael said.

Jump back to the top

Victoria

Victorian suburbs accounted for 20 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Albion

Nominated by: Cate Bakos

The tiny suburb of Albion is home to just over 4,000 residents and began its existence as a residential community for workers of the Sunshine Harvester Works in the early 20^th century. 

“The suburb has benefited from heritage overlays and a general appreciation for period housing, and as such, it’s a coveted area for those who wish to secure period housing in the sub-$1m range,” Cate Bakos said. 

Just 14 kilometres west of the Melbourne CBD, Albion offers train amenity and is walking distance to Sunshine’s shopping centre.  

Altona Meadows

Nominated by: Cate Bakos

With a median house price of $720,000, Altona Meadows offers “fantastic affordability,” according to Cate Bakos, especially when benchmarked against other outer ring suburbs in Melbourne’s west.  

“Nestled between the water, the rail and Skeleton Creek, the area is enjoyed for its parklands,” Ms Bakos said. 

“While it doesn’t have a dedicated rail station, Laverton is close by.”

The suburb was recently named among Melbourne’s most affordable family-friendly suburbs, while its units were among the city’s fastest selling earlier this year.  

“[Its] rental yields are particularly attractive for investors in Melbourne currently,” Ms Bakos said.     

Arden

Nominated by: Cate Bakos

Ok, so not officially a suburb just yet, Arden is Melbourne’s newest urban renewal precinct located around the Metro Tunnel’s new Arden Station in the inner north, and Cate Bakos is impressed with its potential. 

“Town planners have designed Arden, and it incorporates an attractive blend of medium to high density and open green space,” Ms Bakos said. 

“Arden Station is part of the new Metro Rail Link, enabling access to Parkville’s hospital and university precinct, the city, Domain (Anzac Station), and South Yarra.” 

The City of Melbourne says the precinct “aspires to accommodate approximately 34,000 jobs and be home to around 15,000 residents.” 

Consisting of about 45 hectares of largely industrial lots, Arden is “forecast to experience significant change over the next 15 to 30 years.” 

However, the redevelopment has drawn criticism recently due to plans to build only one new primary school. Watch this space.  

Ballarat East

Nominated by: Cate Bakos

Once the site of goldmines and the Eureka Rebellion, Ballarat East is steeped in history, and as a result, many of its homes are subject to heritage protection.  

“Ballarat’s inner east has always been known for traditional, tiny miner’s cottages. These days, many are being extended and renovated,” Cate Bakos said.   

About a 90-minute commute via road or rail to Melbourne’s CBD, Ballarat East offers buyers a regional lifestyle but with strong employment prospects.   

“With growing demand for this cold, third-largest city thanks to decentralised government jobs, hospital jobs and university jobs, Ballarat East is an exciting option for those who can’t afford the more expensive areas, such as Ballarat Central, Newington and Soldiers Hill,” Ms Bakos said. 

Belmont

Nominated by: Luke Assigal

Located just 10 minutes south of Geelong, and just over an hour drive from the city, Belmont is a spacious suburb that is increasingly attractive to families and investors due to its convenient location and relative affordability, according to the REBAA’s Luke Assigal. 

“The area offers a range of excellent schools and pleasant walking areas, as well as parks for recreational activities,” he said.  

Belmont also provides various shopping options and decent public transport, with the added benefit of being less than 30 minutes away from the pristine beaches of the Surf Coast.  

“Additionally, the Greater City of Geelong has ambitious plans for $14.5 billion worth of major projects, which is expected to create numerous job opportunities and attract investments,” Mr Assigal said. 

Berwick

Nominated by: Kate Hill

Making it into the Hot 100 for the second year running, Berwick is situated 41 kilometres south-east of Melbourne’s CBD.  

According to Kate Hill, Berwick and its surrounding suburbs have been among “Melbourne’s strongest property markets for many years, with exceptional sales volumes and price growth. Relative affordability has made it popular with first-home buyers, in particular.” 

The suburb is in demand with families and renters and boasts great amenity with easy access to cafes, restaurants, education, retail, and health care services, which is set to continue.  

“[The] state government has marked … Berwick as a key health and education precinct. The proposed Berwick Health and Education Precinct will provide 11,000 jobs,” Ms Hill said. 

Despite its distance to the city, Berwick is well-connected via road and rail. 

Burwood

Nominated by: Dan White

A “great suburb with a vibrant community” is how Dan White describes Burwood, which is about a 30-minute drive east of the Melbourne CBD.  

With the Burwood campus of Deakin University prominent in the suburb, it’s perhaps little wonder that the main demographic falls into the youthful 20–24-year-old age group.  

The suburb is well-connected by tram, bus and rail, although Burwood train station is officially in neighbouring Glen iris.   

“There’s excellent schools and public transport, just 30 minutes from the CBD. This area is primed for future growth,” Mr White said.  

Carrum

Nominated by: Rich Harvey

The “bustling Bayside suburb” of Carrum is located within easy reach of the Frankston CBD and just under a 60-minute drive from the centre of Melbourne.  

“The family-friendly suburb is home to Patterson River Secondary College and Carrum Primary School, Carrum Surf lifesaving Club, Carrum Cricket Club, the Carrum Patterson Lakes Football Club and Carrum Sailing Club,” Rich Harvey said.  

“Public transport is plentiful with Carrum having its own railway station and regular bus services.” 

With the Patterson River running along its northern boundary, the suburb is located along one of the most popular boating gateways to Port Phillip Bay. 

“If you are a keen sailor or boating enthusiast, you will find plenty to do in Carrum,” Mr Harvey added.   

Cheltenham

Nominated by: Luke Assigal

Situated slightly inland from Port Philip Bay and 19 kilometres south-east of the CBD, family-friendly Cheltenham is an excellent option for those seeking a peaceful suburban lifestyle with access to urban amenities. 

The suburb is well-connected to the city by road or via its two railway stations, Southland and Cheltenham, and there’s new connections on the horizon.  

“Cheltenham station is slated for transformation as part of the Suburban Rail Loop, which is due to be completed in 2035, linking residents to job opportunities, hospitals, and universities,” Luke Assigal from REBAA said.   

Other key amenities in or near Cheltenham include Westfield Southland and Moorabbin Airport.  

The suburb sits within The City of Kingston, which Mr Assigal said is “a significant manufacturing area and one of Victoria’s most extensive and concentrated industrial sectors, contributing $19 billion to the manufacturing industry.” 

Churchill

Nominated by: Adrian Knowles

Named after the former British Prime Minister, the Gippsland town of Churchill is Adrian Knowles’ “investment pick of the lot.” 

Home to just under 5,000 people, it’s the combination of infrastructure and the presence of Federation University Australia that has Mr Knowles forecasting future growth. 

With good amenity such as a modern shopping centre, multiple schools and education choices, parks, playgrounds, a hotel, and a variety of sporting and health and fitness facilities, there’s plenty to enjoy. 

Croydon South

Nominated by: Christine Mikhael

Draw a line directly east of the Melbourne CBD and you’ll come across Croydon South, about 27 kilometres from the city centre.  

“Croydon South has witnessed a rise in prices since April, driven by buyer demand, leading to low days on market,” Christine Mikhael said.  

The middle ring suburb features an undulating landscape with lots of open public space, serviced by a bus route and cycling trail, plus cafes, restaurants, a small supermarket, and a bakery.   

“Its proximity to transport in the east of Melbourne makes it an attractive choice for those seeking a suburban lifestyle,” Ms Mikhael said.   

Delacombe

Nominated by: Kate Hill

Part of the Ballarat West Growth Area, Delacombe is a fast-expanding suburb offering strong capital growth potential for owner-occupiers and good yields for investors, according to Kate Hill.  

“Ballarat was recently identified by the ABS as the fastest growing inland city in Australia and, according to some forecasters, can expect more strong price growth,” Ms Hill said.  

Situated about a 90-minute drive from Melbourne, Delacombe is set to benefit from funding for Ballarat and regional Victoria, including the $2 billion regional support package offered in lieu of the 2026 Commonwealth Games. 

“State and federal governments plan to spend billions on upgrading road and rail links here, including improved connections to Melbourne airport,” Ms Hill said. 

Ferntree Gully

Nominated by: Luke Assigal

Nestled in the foothills of the Dandenong Ranges, Ferntree Gully offers a unique blend of urban amenities and natural beauty.  

“Despite its proximity to Melbourne’s CBD, you can escape the city’s hustle and bustle in just 45 minutes by car or train,” Luke Assigal of the REBAA said.  

Ferntree Gully boasts a vibrant community feel and is a popular spot for young families seeking a tree change. 

“The area also features five commercial zones that provide employment opportunities, including Knox Central, Burwood Highway Corridor, Bayswater Business Precinct, Scoresby Business Precinct, and Wantirna Health Precinct, which collectively account for 77% of jobs in the Knox area,” Mr Assigal said.   

Meanwhile, Knox City Council is actively investing in local parks and amenities, making it an attractive place to call home.  

Mentone

Nominated by: Cate Bakos

Mentone is one of the City of Kingston’s “most underrated suburbs,” according to Cate Bakos.  

“Located on the beach, offering rail amenity and boasting some gorgeous homes, this sleepy postcode doesn’t get the same popularity as its coastal neighbouring suburbs do,” she said.  

Mentone’s village is bustling, with cafes, restaurants, bakeries, and a variety of services, plus “it offers not one, but two fabulous schools, each within a short walk of the local shops and station.”   

“Recent rail crossing works have improved the ease of navigating this beautiful pocket,” Ms Bakos added.  

Mickleham

Nominated by: Adrian Knowles

Recognised as one of the fastest growing suburbs in Australia, Mickleham is situated in one of Victoria’s key population growth corridors.  

A rapidly developing suburb, Mickleham is set to see significant improvements in infrastructure in the years ahead, including more schools, childcare centres, and a business park, all of which amounts to “amazing potential,” according to Adrian Knowles.  

The Melbourne CBD is about 40 minutes away by car, or a 45-minute train journey from nearby Craigieburn Station, and for those who regularly travel further afield, Melbourne Airport is only a 15-minute trip. 

With easy access to nature and its ever-evolving conveniences, Mickleham offers something for owner-occupies and investors alike, with the area earmarked for solid growth.  

Mooroolbark

Nominated by: Cate Bakos

Sitting at the foothills of the Dandenongs, Mooroolbark offers residents about a 50-minute rail commute to the city or “easy access to the spoils of the Yarra Valley,” Cate Bakos said.  

With a median house price of just under $800,000, Mooroolbark sits in stark contrast to many of its neighbours, where prices are significantly higher. 

“Unlike its neighbouring suburb of Lilydale, Mooroolbark is yet to catch on to cool cafes and shops to catch the tourists hiking to the wineries,” Ms Bakos said. 

But what it lacks in cafes and shopping, it makes up for with its large homes on big blocks, offering buyers plenty of space, for reasonable prices. 

Murrumbeena

Nominated by: Cate Bakos

Just 13 kilometres south-east of the city centre, Murrumbeena offers its residents high amenity with local shops, cafes, a railway station, and easy access to Monash University and the city via road or public transport. 

Of course, with Australia’s largest shopping precinct, Chadstone, only minutes away, many residents may never need to venture into Melbourne’s CBD at all.  

“Formerly [it was] a bit of a bottleneck for traffic at the busy rail crossing, [but] navigating a drive is no longer problematic. 

“Murrumbeena offers a diverse range of superb period houses, new quality townhouses, units and apartments.  

“Value is evident for those who find themselves priced out of more expensive local options such as Malvern East and Ashburton,” Ms Bakos said.  

Rippleside

Nominated by: Cate Bakos

According to Cate Bakos, Rippleside is “one of Geelong’s best kept secrets.”  

Situated on a tiny waterside patch, the suburb with fewer than 1000 residents has easy beach access, a beautiful park, and is only a short stroll into Geelong’s waterfront precinct or to North Geelong train station. 

“Developers recognise this alluring gem and they have capitalised on its growing popularity,” Ms Bakos said.  

“Nowadays, quality town homes adorn the coastal pocket of Rippleside, but the enchanting period homes still line the east and west streets.” 

Thomastown

Nominated by: Cate Bakos

Travel a little further past popular Reservoir and you’ll come across Thomastown, about a 30-minute drive north of Melbourne’s central business district.  

Thomastown offers an array of authentic Mediterranean and delicatessen food, harking back to its 1950’s and 1960’s migrant roots, according to Cate Bakos.   

“Thomastown is well into the throws of gentrification. It offers mostly brick housing on full allotments, circa 500-800sqm, and is easily accessible via the Metropolitan Ring Road.” 

Its surrounding suburbs to the north and the east have higher property values, but the rate of change between fully owned to mortgaged properties indicate new households are forming. 

“Schools are abundant, and the area attracts families. A four-bedroom family home can be purchased for sub-$800k,” Ms Bakos said. 

Watsonia

Nominated by: Cate Bakos, Rich Harvey

Located 16 kilometres north-east of the Melbourne CBD, Watsonia offers buyers great value for money and the choice of a broad range of property types. 

With prices in the suburb easing over the past 12 months, it caught the attention of two Hot 100 experts, with its relative affordability and infrastructure projects appealing to both Cate Bakos and Rich Harvey.  

“Located on a popular train line and ‘next’ on the train line after Rosanna and Macleod, Watsonia’s popularity is set to increase when the current North-East Link tunnel project is completed,” Ms Bakos said.    

“Typically, private investment in real estate follows and supersedes government investment in infrastructure. The North-East Link, with an estimated long-term cost of more than $16.5 billion is a good predictor of where property prices may be set to change,” Mr Harvey agreed.  

“The tunnel that will join Watsonia and Rosanna is set to remove thousands of trucks off local roads and significantly reduce travel times to and from work and between the suburbs.” 

The construction of an impressive town square, which boasts activities sure to appeal to the area’s young families such as a playground, skate feature and climbing wall, is yet another welcome addition to the suburb and is set for completion in 2025.   

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Queensland

With the highest number of nominations, Queensland accounted for 22 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Arundel

Nominated by: Christine Mikhael

Arundel is set behind popular coastal suburbs on the Gold Coast, offering a family-friendly lifestyle serviced by quality amenities.  

“Arundel offers an attractive price point for both houses and units, with good transport access, making it an appealing choice for a variety of buyers,” Christine Mikhael said.  

“Its location just north of Surfers Paradise contributes to its appeal.” 

Arundel is an attractive place for students and families due to its proximity to Griffith University and sought-after private and public schools.  

Arundel is well-connected by roads and public transport links, facilitating seamless travel to the Gold Coast and Brisbane.   

Beaudesert

Nominated by: Adrian Knowles, Simon Pressley

Beaudesert is the primary service centre of the Scenic Rim region, which is situated less than an hour from Brisbane, Gold Coast and Ipswich. 

The town offers family-friendly living with the benefits of modern amenities and a growing economy, according to Simon Pressley. 

“The relaxed lifestyle and close proximity to major cities is increasingly appealing to those seeking out a fresh start with affordable housing,” Mr Pressley said.    

“The recent development of a major warehousing and transport logistic precinct has already injected significant jobs and revenue into the local economy.”  

Beaudesert’s positioning along the $30 billion Inland Rail Project will become a ‘game-changer’ for the region once completed, he said.

Beaudesert was also nominated by Adrian Knowles, who says the area has seen 40% growth over the past two years combined, with 48% of the population in rental properties. 

Brighton

Nominated by: Peter Koulizos

Nestled along the shores of Brisbane’s Moreton Bay, Brighton is one of Brisbane’s cheapest seaside suburbs according to Peter Koulizos.

“You have the benefits of living in a major capital city but with a welcoming local community feel,” he said. 

“There are countless opportunities to add value to one of the many Queenslander-style houses in this suburb, through renovation and possibly extensions.” 

It’s famous for its long stretches of sandy beaches, including the Brighton Beachfront, which is a favourite spot for swimming and fishing. 

The suburb is adjacent to Sandgate, which is one of the only Brisbane bayside suburbs with access to the train, making commuting to the Brisbane CBD and other areas easy.

Bulimba

Nominated by: Rich Harvey 

According to Rich Harvey, Bulimba is arguably Brisbane’s best lifestyle suburb, located on the banks of the Brisbane River just 4km from the CBD.

Known for its leafy streets and restored Queenslander homes, Bulimba’s bustling Oxford Street thoroughfare is lined with trendy cafes, boutique shops and an array of dining options, while a ferry service provides a scenic and convenient commute to the CBD.

“We feel Brisbane will continue to evolve like other cities, where premium blue-chip areas have considerable price premiums,” Mr Harvey said. 

“Bulimba is ridiculously affordable for the amazing lifestyle and property types it offers and is below replacement cost for a near new, modern home with a high rental yield for those who are investors.” 

Cairns

Nominated by: Simon Pressley

Living in Cairns is all about the outdoor lifestyle thanks to its tropical climate, natural beauty and bustling nightlife.  

Located in Far North Queensland, Cairns attracts both tourists and residents to its waterfront esplanade, while also acting as the gateway to the Great Barrier Reef and the Daintree rainforest.

According to Simon Pressley, Australia’s 16th largest city is enjoying an economic and property market boom.  

“The days of Cairns being little more than a one-industry idyllic tourism strip are long gone,” he said. 

“By workforce size, health, retail and construction are now the biggest sectors, while the navy is Cairns’ biggest employer. 

“The local unemployment rate sits well below the national average, at a record low of just 2.6%.”  

Cairns offers a range of housing options, from modern apartments in the city centre to spacious houses in the suburbs.

While the CBD suburb of Cairns itself has a population of just 3,616, the broader Cairns region is home to more than 250,000 people according to the latest Census data.

For consistency, the data used in the buy, invest and population tables reflects the Cairns’ CBD only.

Caloundra West

Nominated by: Kate Hill

If you’re looking for a family-friendly neighbourhood near the beach, Kate Hill sees Caloundra West on the Sunshine Coast as an attractive option.

This rapidly growing suburb has become increasingly popular among families, professionals and retirees who are drawn to its beachside lifestyle combined with the convenience of urban amenities.  

The broader Sunshine Coast region has seen strong population growth due to its desirable lifestyle and improving amenities, according to Kate Hill.  

She says the region’s economy has had robust growth of about 4% on average per year over the past 15 years – well above the national rate. 

Now could be an opportune time to invest, she added, noting a drop in demand despite all the fundamentals still in place. 

Cleveland 

Nominated by: Rich Harvey

With its stunning views of Moreton Bay and the nearby Stradbroke Island, Cleveland is a paradise for beach lovers and water enthusiasts.  

But this coastal gem is also a hub of activity, with the nearby Raby Bay precinct and its array of shopping, dining and entertainment options.  

“The Toondah Harbour development will change this area, despite its controversy and the area benefits from two hospitals, the centre of local government, a train line directly to the CBD and a strong family demographic,” Rich Harvey said.   

Mr Harvey described Cleveland as potentially one of the most undervalued waterfront locations in Queensland, with its useable waterfront and existing harbour, sandy beaches and barge services to the bay islands. 

Darling Heights

Nominated by: Kate Hill

Of all the suburbs in the booming Toowoomba – Australia’s second most populous inland city – Kate Hill recommends Darling Heights.  

Renowned as the location of the University of Southern Queensland, Darling Heights is a hub for students, academics, and educational professionals.  

With a range of amenities already in place, such as shopping centres, cafes, and restaurants, the area is also set up for future growth with the Toowoomba area included in the Brisbane-hosted 2032 Olympics. 

“There is a massive program of infrastructure development underway, planning more than $13.1 billion of infrastructure and major projects, both private and public,” Ms Hill said. 

Darra

Nominated by: Dan White

Darra is an up-and-coming neighbourhood in Brisbane’s southwest, made famous as the backdrop to Trent Dalton’s bestselling novel Boy Swallows Universe. 

“Darra has improved immensely with amenities over the years,” Dan White said. “It is a quiet suburb with easy access to highways.”  

Affordable housing is a major advantage of Darra, attracting families, young professionals and first-home buyers to the area.  

Darra is well-connected via public transport and is served by a train station and buses for an easy commute into the CBD and other key areas. Major roadways like the Centenary Motorway are also easily accessible. 

Darra is a multicultural suburb, and has a range of shops, restaurants and other amenities that reflect its variety of cultural influences. 

Elanora

Nominated by: Christine Mikhael

Located on the Gold Coast, Elanora is a tranquil locale featuring coastal charm and lush greenery near the popular Palm Beach.  

The suburb is also adjacent to the Currumbin Valley with its walking trails, swimming rock pools and cafes.

Elanora has a lot to offer families, and is gaining traction as prices begin to rise, according to Christine Mikhael.

“Recent price increases have sparked increased buyer interest in Elanora, offering an affordable alternative to the beachfront suburb of Palm Beach,” Christine Mikhael said.

One of its appeals is sprawling views of the ocean, creeks and lakes due to its elevated position on a ridge – unlike its neighbouring canal estates.

Gladstone

Nominated by: Dan White

Living in Gladstone offers strong employment opportunities, a warm climate and a rich outdoor lifestyle. 

This coastal city, known for its large harbour and mining and aluminium industries, presents a robust economy. Despite its industrial backbone, Gladstone is surrounded by stunning natural attractions. 

“Gladstone is a destination in its own right, along with being the jumping-off point for some of the best adventures on the coastline – Heron Island, and Wilson Island,” Dan White said.  

“The central Queensland location, 100km south of Rockhampton, is also a much-touted mining boom hotspot.”  

The city is home to a campus of the Central Queensland University and numerous schools, making it ideal for families and students.  

Housing in Gladstone is relatively affordable compared to larger Australian cities, offering a range of options from contemporary apartments to family-sized homes. 

While the suburb of Gladstone City has a population of just 1,550, the broader Gladstone region is home to almost 35,000 people according to the latest Census data.

For consistency, the data used in the buy, invest and population tables reflects Gladstone City only.

Keperra

Nominated by: Melinda Jennison

Located 9.8km northwest of Brisbane, Keperra is an affordable hotspot offering a family-friendly atmosphere and urban convenience. 

Keperra is located along the north-west train line in Brisbane, which is set to benefit from more frequent services following the completion of the Cross River rail project in the city centre, according to Melinda Jennison.  

“Serviced by two train stations, it is a location where investors can still buy at or around the median house value for all of Greater Brisbane, despite being located within a 10km ring from the Brisbane CBD,” Ms Jennison said.  

“With around 60% of the demographic group being owner occupiers, Keperra is showing signs of more home upgrades and renovations starting to take shape, thus improving the overall aesthetic and appeal of the location.” 

Ms Jennison said the nearby redevelopment of the Keperra Quarry that adjoined the Great Western Super Centre would improve the overall appeal of the area in the foreseeable future. 

Maryborough

Nominated by: Adrian Knowles, Simon Pressley

Situated on the Mary River, Maryborough offers peaceful small-town living with easy access to amenities thanks to its proximity to Hervey Bay and other urban centres.  

While the town is known for its well-preserved heritage architecture, it is also a hub of activity for families with a range of schools, shops, dining options and outdoor adventures.  

“Located just 30-minutes from Hervey Bay, the understated township of Maryborough is quite prominent in Queensland’s history for manufacturing the state’s railway fleet and for the production of a variety of foods and timber,” Simon Pressley said.  

“To its great credit, Maryborough continues to leverage off these core strengths. The local economy will benefit from a suite of major project investments.”  

There aren’t many locations of substance across Australia where one could buy a good quality detached house for less than $600,000 these days, Mr Pressley added. 

The regional city, which sits three hours from Brisbane, also benefits from being close to Bruce Highway but not on it, according to Adrian Knowles.

Morayfield

Nominated by: Adrian Knowles

Living in Morayfield offers residents a blend of suburban convenience and easy access to urban amenities in the Moreton Bay Region.  

According to Adrian Knowles, the top benefits of Morayfield are its low median house prices, high rental yields and tight vacancy rate.    

This growing suburb is particularly appealing to families and first-home buyers, thanks to its affordability. 

Situated near the Bruce Highway, it offers easy access to Brisbane and the Sunshine Coast, ideal for commuters or those seeking weekend getaways.   

Petrie

Nominated by: Kate Hill, Melinda Jennison

Petrie returns to the Hot 100 for a second year, nominated by Melinda Jennison and Kate Hill.  

Located 24km north of Brisbane in the Moreton Bay Region, Petrie features an array of cafes, shops and public transport options alongside natural beauty.    

The area is ideal for families and nature lovers, with Lake Kurwongbah, walking trails and parks nearby. 

Ms Jennison said the suburb’s median house price was well below that of greater Brisbane, offering an affordable option for home buyers and investors alike.  

“Petrie is home to the University of the Sunshine Coast’s Petrie Campus, providing higher education opportunities for students,” Ms Jennison said. 

“Additionally there are a good selection of local schools and childcare centres that serve families in this area.”   

Ms Hill said the wider Moreton Bay region was one of the fastest growing areas in Australia and was predicted to have a population exceeding Tasmania’s population within 10 years.  

According to PropTrack, median weekly rents for houses in Petrie have risen 10.0% over the past year, while rents for units have increased 13.5%.   

Sippy Downs

Nominated by: Kate Hill

Sippy Downs is home to the University of the Sunshine Coast, a bustling educational hub that attracts students, academics and families alike. 

According to Kate Hill, Sippy Downs is also benefitting from the strengthening economy in the wider Sunshine Coast region.  

“[There is] over $20 billion in major infrastructure projects either completed, under construction or in the planning pipeline,” she said.  

“The 2032 Olympics will include multiple events on the Sunshine Coast and will inspire further investment in infrastructure.”  

Southport

Nominated by: Pete Wargent

As the Gold Coast’s CBD, Southport is a hub for shopping, dining and business and home to the massive Australia Fair shopping centre.   

But the suburb also features easy access to some of Queensland’s best beaches and is home to numerous educational institutions, including Griffith University and a range of public and private schools attracting families and students.  

All of these factors have made Southport a popular destination, with the area experiencing an influx of migrants from overseas and interstate, according to Pete Wargent.  

“Rental vacancy rates in the suburb fell to their lowest level on record in 2022, at close to zero, and remain very tight in 2023,” Mr Wargent said.  

“Despite rising prices in recent times and a central location, the suburb still has some relatively attractive houses from around the $1 million price point.” 

Springfield Lakes

Nominated by: Rich Harvey

As one of the first suburbs in Australia’s first privately-built city of Greater Springfield, Springfield Lakes emphasises modern living.

This master-planned community has been designed for urban convenience alongside scenic landscapes, with parks, lakes, playgrounds and picnic areas.  

“Jobs growth, income growth and an extreme amount of new amenities means this suburb is the direct beneficiary of this nation building project,” Rich Harvey said.  

“The market took a breath during most of 2023, and it had to after sustained growth. However nearby suburbs did not, with many inferior suburbs beginning to reach its price point, this leaves huge value in this arguably superior location.”  

Greater Springfield is located in Ipswich to the southwest of Brisbane, and is said to be the 10^th largest master-planned community globally. 

Taringa

Nominated by: Christine Mikhael

Taringa is a leafy suburb in Brisbane’s inner west, with stunning panoramic views of Brisbane due to its hilly landscape.  

The streets of this inner-city suburb are lined with traditional Queenslanders alongside modern apartments, suiting a range of different residents.  

Christine Mikhael says the strong price growth experienced in Taringa has been driven by its “good transport links” and “attractive price point”, making it an appealing choice for buyers seeking a suburban lifestyle just southwest of the city. 

Taringa is well-served by public transport, including a train station and multiple bus routes for an easy commute to the CBD and other areas.  

Residents are spoilt for shopping and dining experiences, with a range of local cafes nearby and one of Brisbane’s biggest malls, Indooroopilly shopping centre, just a stone’s throw away.   

Townsville

Nominated by: Simon Pressley

According to Simon Pressley, Townsville offers the best bang for your real estate buck in the entire country.  

“Townsville households consist of a very high proportion of young families, they love sport and recreation, and their best income-earning years are ahead of them,” Mr Pressley said.  

The Far North Queensland city is a buzzing urban center with a laid-back tropical lifestyle and access to the Great Barrier Reef, Magnetic Island and other natural wonders. 

“In recent years, this city has undergone an enormous transformation that includes a major sporting stadium, significant CBD gentrification, the James Cook University which is one of Australia’s biggest, and new hotels and restaurants keep popping up,” Mr Pressley said.  

The beautiful beaches, bustling city atmosphere and thriving community make Townsville an attractive location for diverse lifestyles. 

From a housing perspective, Mr Pressley said supply was tight and the city’s recent jobs and lifestyle boom was likely to put intense pressure on the real estate market. 

While the suburb of Townsville City has a population of just 2,945, the broader Townsville region is home to more than 234,000 people according to the latest Census data.

For consistency, the data used in the buy, invest and population tables reflects the suburb of Townsville City only.

Woolloongabba

Nominated by: Kate Hill

Home to the iconic ‘Gabba’ stadium, Brisbane’s inner-city suburb of Woolloongabba is a lively and eclectic area known for its historic charm and urban living.   

This suburb has undergone significant transformation, with ongoing development and revitalisation projects set to enhance its appeal further.    

“[This] precinct of Brisbane is well-positioned for growth, particularly in the lead-up to the 2032 Olympic and Paralympic Games,” Kate Hill said.    

Ms Hill said Woolloongabba and surrounding areas were also starting to benefit from the extensive construction being carried out in association with the multi-billion-dollar economic development known as Australia TradeCoast – which encompasses Brisbane Airport and the Port of Brisbane.  

The suburb’s streets are lined with a mix of classic Queenslanders and modern apartment complexes, catering to a diverse range of residents from young professionals to families.   

Residents also enjoy excellent connectivity to the rest of Brisbane, with efficient public transport options including bus and train services. 

Yeppoon

Nominated by: Adrian Knowles

Situated on the Capricorn Coast, Yeppoon is a hidden gem for beach lovers and water sports enthusiasts as the gateway to Great Keppel Island and the southern end of the Great Barrier Reef.

Adrian Knowles says Yeppoon offers beautiful beaches on the outskirts of the beef capital of Australia, Rockhampton.

“The population has exploded in the Yeppoon region due to the extended resources boom,” he said.

Yeppoon’s town center is a bustling hub of activity, offering a variety of shops, cafes, and restaurants that showcase local produce and seafood.

The town is just 36km to Rockhampton, providing easy access to urban amenities while maintaining a relaxed coastal lifestyle.

For families, there are numerous schools and several healthcare clinics and a hospital in nearby Rockhampton.

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South Australia

SA suburbs accounted for 17 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Alberton

Nominated by: Jess Ellam

Footy fans will know Alberton as the home to the Alberton Oval and the Port Adelaide Football Club, but the area is gaining popularity with families and professionals.  

“Traditionally known as a workers’ suburb connected to the working port, Alberton has now gained recognition for its location and potential,” Jess Ellam said.  

“These properties are poised to increase in value as their supply decreases, while the area’s popularity continues to soar. Alberton appeals to both investors and homebuyers.” 

This suburb is particularly attractive to those who appreciate a suburban lifestyle while being close to the amenities of a larger city.  

It is located just a short drive from the heart of Adelaide, providing easy access to the city’s extensive shopping, dining, and entertainment options. 

Ardrossan

Nominated by: Peter Koulizos

Ardrossan is a charming country town located on the coast about 90 minutes from Adelaide, providing great lifestyle opportunities. 

Situated atop red coastal cliffs, the town is known for its beaches, fishing and relaxed atmosphere. 

Peter Koulizos says a new copper mine is about to start operations in the vicinity, bringing many employment opportunities that will initially force up property prices and rents. 

“The new copper mine will be the newest attraction to potential residents of Ardrossan, as it already has a strong employment, holiday and retirement demographic,” he said.  

The lifestyle in Ardrossan is laidback and peaceful, making it an ideal haven for those seeking a break from the bustling city life. 

Hahndorf

Nominated by: Simon Pressley

Said to be Australia’s oldest surviving German settlement, Hahndorf in the Adelaide Hills is a delightful tourist town bursting with history and character.  

And with a 6.3% average annual increase in the median house price over the last 20-years, Simon Pressley says Hanhdorf’s property market has already outperformed Sydney, Melbourne and “countless others”. 

“Hanhdorf’s fame today is still closely linked to its German heritage. The abundance of great bakeries, restaurants, and interesting arts and craft shops service a year-round tourism trade,” Mr Pressley said.  

“Once the world started to be run by the internet-of-all-things, an increasing number of people with an Adelaide-based employer gravitated to nearby lifestyle locations like Hahndorf. The pandemic then accelerated this trend.”  

According to the Hahndorf Business and Tourism Association, the town attracts about a million visitors every year – on par with Westminster Abbey in London.   

“The offerings of locations like Hahndorf are in particularly high demand by middle-income earners in the 40+ age demographic. The price of a standard house is now circa $1 million,” Mr Pressley said.  

Hallett Cove 

Nominated by: Simon Pressley

With two train stations, a stunning coastline and huge conservation park, Hallett Cove offers a laid back lifestyle just 25 kilometres from the CBD.  

Delivering a consistent compound growth rate, house prices in Hallett Cove have doubled in ten years, but Simon Pressley says it still offers an affordable entry point relative to some of its northern neighbours.  

“You’ll pay approximately $800,000 for a 4-bedroom house in a quiet, tree-lined street,” Mr Pressley said.  

“It’s on the coastline, has great transport options, and is in close proximity to employment nodes such as the Flinders medical precinct, the university and Bedford Park business hub.” 

Also earmarked for growth is Seacliff to the north, Cate Bakos says, while Kate Hill nominated Sheidow Park to the east. 

Kilkenny

Nominated by: Peter Koulizos

Located 7km northwest of the Adelaide CBD next to the prime suburb of West Croydon sits the much more affordable Kilkenny. 

With easy access to the city by car and train, Peter Koulizos says the early stages of gentrification are underway. 

“Kilkenny has a relatively high proportion of character and period style homes, which would respond well to renovations,” he said.  

With just 20 homes selling this calendar year – across both houses and units – Kilkenny is extremely tightly held. As a result, there’s not enough activity to give an accurate indication of price growth over the year.   

Morphett Vale

Nominated by: Kate Hill

Located on Adelaide’s southern fringe in the Onkaparinga local government area, Kate Hill says a rapidly rising population and improved infrastructure links is setting Morphett Vale up for the long term.  

“Over the next 20 years, the region is expected to receive an influx of 48,000 additional residents, making it one of Adelaide’s strongest growth areas,” Ms Hill said.  

With easy access to stunning beaches and wineries, ultra-low vacancy rates and affordable homes, Ms Hill says Morphett Vale’s investment prospects are strong. 

“All of the region’s 13 postcodes have vacancy rates well below 1%,” she said. “Council is actively courting outside investors, using plans to revitalise the Noarlunga precinct with a $400 million redevelopment as a lure.  

“The final section of Adelaide’s main north-south freight corridor is in its planning stages with the $5.4 billion project – of which the federal government is contributing $2.7 billion – expected to create 4,500 jobs.” 

Neighbouring Hackham is also worth a look for buyers seeking affordable growth suburbs, according to Pete Wargent 

“With quality homes available from the $500,000s range, buyers are seeking out the spacious blocks of land that the suburb offers,” Mr Wargent said.

Mount Gambier

Nominated by: Adrian Knowles, Simon Pressley

Sitting on the edge of the SA border halfway between Melbourne and Adelaide, Mount Gambier is a strategically located regional city offering strong investment prospects. 

“The spectacular Limestone Coast, the wonderful Coonawarra wineries, the beautiful Blue Lake and a nice house for just $400,000 is an attractive combination,” Simon Pressley said. 

With gross rental yields above 5% and a vacancy rate of less than 1%, South Australia’s largest regional city was also nominated by Harcourt’s Adrian Knowles for its growth potential.  

“This market was expected to soften in 2023 but is showing its strength and continues to be an area of interest with a great future.”  

PropTrack data shows house prices in Mount Gambier surged 8.2% over the past year, while units jumped by 22.2%. 

Parafield Gardens

Nominated by: Dan White

An affordable suburb in Adelaide’s north, Dan White expects the strong annual price growth in Parafield Gardens to continue into 2024.  

PropTrack data shows a 17.6% decline in the number of properties listed for sale over the past 12 months, while the number of enquiries per listing has surged by 13%.  

And with a vacancy rate of just 0.5% for houses, asking rents have also seen a double-digit jump over the year.  

Offering an affordable entry point, buyers can purchase a three-bedroom home for less than $600,000, with an attractive gross rental yield of around 5%.  

“The suburb is beautiful and many families from different backgrounds live there,” Mr White said. 

Payneham

Nominated by: Christine Mikhael

With eye-wateringly low vacancy rates, LJ Hooker’s Christine Mikhael says Payneham in Adelaide’s east is an attractive location for investors. 

“With low stock on the market, good rental yield, and strong demand, it offers a promising investment opportunity,” Ms Mikhael said.  

PropTrack data shows asking rents have surged by double-digits over the past year, with a gross rental yield of 5.5%.  

But opportunities to purchase units don’t come up often – the suburb is also one of the most tightly held in Adelaide with homeowners holding onto their properties for an average 12.5 years.

Port Noarlunga

Nominated by: Peter Koulizos 

An easy 45-minute drive south of Adelaide sits some of the city’s best beaches and wineries, and with a median house price of $700,000, Peter Koulizos says the idyllic Port Noarlunga lifestyle is also very affordable.

“Port Noarlunga has one of Adelaide’s best beaches but with a very affordable property price tag,” he said.  

“Positioned only 10 minutes to the McLaren Vale wine district, which has many employment opportunities.” 

With easy access to the city by train and road, the region is also undergoing urban renewal. 

“It’s a very popular holiday location, which makes short stay accommodation such as Airbnb a viable proposition,” Mr Koulizos added. 

Jess Ellam said neighbouring Christies Beach is also an affordable option.

“With an average home price of $600,000 and a steady annual capital growth rate of around 11%, this location holds immense appeal for both investors and families.”  

Richmond

Nominated by: Peter Koulizos

Conveniently located in Adelaide’s inner west, Richmond is attracting young professionals and families priced out of its desirable neighbours. 

“Richmond will benefit from the ripple effect of markedly increasing property prices in nearby Torrensville, Thebarton and Mile End,” Peter Koulizos said.  

PropTrack data shows Richmond house prices have already jumped 20.6% over the past year, but Mr Koulizos says there’s still plenty of growth left as the suburb continues to gentrify. 

“Buyers can easily add value and equity through renovating the post war homes in this suburb,” Mr Koulizos said. 

He also noted redevelopment opportunities due to developer friendly zoning in many parts of Richmond. 

For those looking for a more established suburb, Jess Ellam said neighbouring Mile End’s rapidly expanding food scene features a variety of eateries, pubs, and local cafes.  

“This high-demand suburb [Mile End] is particularly attractive to homebuyers looking for charming character homes starting at $1,000,000,” Ms Ellam said. 

Salisbury

Nominated by: Adrian Knowles

With affordable homes, a vacancy rate of less than 1%, solid rental yields and double-digit annual price growth, Salisbury is an attractive choice for both investors and first-time homebuyers.  

Nominated by Harcourts chief executive Adrian Knowles for its family appeal and good amenities, Salisbury has a major shopping centre, local schools, parks and sports clubs all within easy reach.  

Neighbouring Salisbury North and Salisbury East were also recommended by Kate Hill and Jess Ellam. 

Ms Hill says the greater Salisbury region defied all negative impacts of Covid through a construction boom which has generated thousands of jobs and driven ‘double-digit’ price growth.  

“Defence projects are attracting government investment totalling over $4 billion to the area, and multiple industrial and manufacturing parks are located in the precinct,” she said. 

With convenient access to the CBD via car and train, Ms Ellam said securing a three bedroom house for around $500,000 is still possible. 

“Investors can expect a solid yield of approximately 5% gross,” she said.

Seaford

Cheap capital city suburbs by the beach are few and far between, but with a median house price of $645,000 – well below the Greater Adelaide median of $748,000 – Seaford offers an affordable coastal lifestyle just 45 minutes from the CBD. 

As more buyers are priced out of Adelaide’s booming beachside market, Peter Koulizos says that will push up prices in Seaford.  

“Seaford will benefit via the ripple effect as it is next door to the more expensive seaside suburb of Moana,” Mr Koulizos said.  

“It’s also located less than 5km to the McLaren Vale wine district and all the job opportunities on offer in the wine industry.” 

He noted plenty of “good redevelopment opportunities”, especially near the beach. 

Thebarton 

Nominated by: Cate Bakos, Peter Koulizos

Making the Hot 100 for a second year in a row, Thebarton is a suburb on the rise.  

Nominated by both Peter Koulizos and Cate Bakos, the inner west Adelaide suburb is in the early stages of gentrification, attracting young professionals who work in the city.  

“Arguably one of the most affordable pockets adjoining the Adelaide city central parklands, near to Mile End station and North Adelaide, this gentrified gem offers plenty of stone home charm and great opportunities for renovators,” Cate Bakos said.  

Mr Koulizos described Thebarton as an undervalued suburb with a high concentration of character and period style homes. 

“The new Women’s and Children Hospital will be built in the west end of the Adelaide CBD, which is directly abutting Thebarton,” he said.  

“This will make Thebarton a very attractive place to live for the workers in the hospital.” 

Mr Koulizos says factors such as proximity to the CBD, a high concentration of character homes and gentrification cause property prices to rise at an above average rate.  

In this regard, Thebarton ticks all three boxes. 

Victor Harbor

Nominated by: Adrian Knowles, Simon Pressley

Victor Harbor is to Adelaide what the Sunshine Coast is to Brisbane, according to Propertyology’s Simon Pressley.  

“Still very accessible to Adelaide but without the hustle and bustle, Victor Harbor is all about lifestyle,” Mr Pressley said.  

It’s laid-back coastal setting and close proximity to several ‘fantastic wineries’ is appealing to retirees and those able to work remotely, he added.  

“It has one the highest rates of internal migration in the country. Very popular for the 1 in 5 Australians who now derive their income from home, and for retirees.”  

Also nominated by Harcourt’s Adrian Knowles – making it one of the high conviction suburbs on the Hot 100 – Victor Harbor has already seen house prices surge by almost 30% over the past year, and units 10%. 

“One hour 20 minutes from the hustle and bustle of Adelaide, Victor Harbor was once an amazing holiday destination but is now a genuine dream home location,” Mr Knowles said. 

West Lakes Shore

Nominated by: Peter Koulizos

Located 12km from the Adelaide CBD, residents of West Lakes Shore have the best of waterfront living and urban amenities.   

“It has great amenities, as it is close to the beach and on West Lakes, a popular water way where you can swim, fish, row and paddle,” Peter Koulizos said.  

“It’s adjacent to the prime suburbs of Tennyson and West Lakes, which have much higher median prices than West Lakes Shore.”  

There are a range of housing options throughout the suburb from luxurious waterfront properties to family homes. 

The lakefront is a popular spot for picnics, walks and cycling, providing a picturesque backdrop for outdoor activities.   

Residents benefit from easy access to quality shopping centers such as Westfield West Lakes, local cafes, and restaurants. 

According to PropTrack, house prices in West Lakes Shore have risen 2% over the past year. 

Whyalla

Nominated by: Dan White

Whyalla is South Australia’s fourth biggest city, known for its steelworks and shipbuilding heritage.  

Surrounded by beautiful beaches, Dan White says Whyalla is the the gateway to the Eyre Peninsula and home to a range of accommodation, shopping and dining options.  

While often viewed as a mining town reliant on its steel industry, Mr White says the city’s economy is diversifying, supported by the educational opportunities on offer at its University of South Australia and TAFE SA campuses. 

The state and federal governments have also committed funding for a so-called hydrogen hub in the region, with plans to build a hydrogen power plant, electrolyser and storage facility by December 2025.

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Western Australia

WA suburbs accounted for 11 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Armadale

Nominated by: Adrian Knowles

Situated on Perth’s southeastern outskirts in one of the state’s fastest growing regions, Armadale and surrounding suburbs like Seville Grove and Camillo have experienced a surge in demand recently, with house values jumping about 20% over the past year. 

With freestanding houses available for less than $400,000 and a tight rental market, the suburb has become a target for investors, particularly from the east coast, with homes selling quickly and strong competition pushing up prices. 

However, Armadale’s affordable price point means the suburb is still accessible for both first-home buyers and investors, especially those looking to add value with a cosmetic renovation. 

Most properties are freestanding houses, but about a third are semi-detached, and there are very few apartments. 

Despite its location on Perth’s outskirts, the suburb is connected to the CBD by the Armadale train line and the Albany Highway. 

Bayswater

Nominated by: Christine Mikhael

Positioned on the Swan River only 7km from the Perth CBD, Bayswater offers buyers good connectivity and amenities, as well as strong fundamentals for price growth, according to Christine Mikhael. 

“A solid buyer demand and a low days on market add to its appeal, making it a promising option in the Perth housing market,” Ms Mikhael said. 

City workers can take advantage of three train stations within easy reach, while families will love the riverside parklands and multiple schooling options.  

Many of Bayswater’s freestanding houses are character homes, but the suburb also has plenty of newly built spacious and modern houses on tree-lined streets suiting buyers searching for balance between inner city living and suburban bliss. 

Busselton

Nominated by: Simon Pressley

Just under three hours’ drive south of Perth is Busselton, a major regional city that’s home to about 43,000 people, while just under 2,000 residents call the suburb of Busselton home.

Situated about halfway between Bunbury to the north and Margaret River to the south, Busselton is well-positioned to take advantage of the area’s natural beauty and the popular wineries found in the Margaret River region. 

The city is known for its white sand beaches and turquoise waters, while the suburb itself is home to the Busselton Jetty, the longest wooden jetty in the southern hemisphere. 

Simon Pressley said real estate in Busselton is in very high demand, with price growth supported by a low supply of homes for sale. 

“Over the last three years, and broadly across the last two decades, the property market in Busselton has outperformed the state’s capital city, Perth,” he said. 

For consistency, the data used in the buy, invest and population tables reflects the suburb of Busselton only.

Freemantle

Nominated by: Dan White

For buyers seeking a heritage home close to the water, Fremantle can’t be beat.  

Located at the mouth of the Swan River centred around its historic port, the suburb is renowned for its maritime history as well as its arts and dining scene. 

“There’s always something happening in Fremantle,” Dan White said. 

Its housing stock is as diverse as the community itself, ranging from restored period brick cottages to modern apartments.  

Almost 40% of homes are freestanding and about a third are semi-detached, with apartments making up the rest. 

Restored freestanding period houses sell for between $1.5 and $2 million, townhouses can be purchased for under $1 million and apartments can be found for about $500,000. 

Geraldton

Nominated by: Simon Pressley

Geraldton, about four hours north of Perth, is Western Australia’s third largest city and home to a large port that handles a wide variety of the state’s mineral and agricultural exports. 

While the suburb of Geraldton has a population of just 3,246, the Greater Geraldton region is home to almost 40,000 people according to the latest Census data.

It’s also a coastal hotspot for buyers seeking surf beaches and a laidback lifestyle. 

“This major regional city has so much potential,” said Simon Pressley. “The lifestyle and infrastructure are there and, at a time when the entire nation is up in arms about affordable housing, a $320,000 median house price should be salivating.” 

With houses typically selling for less than $400,000 and plenty of units available for under $200,000, affordability is the key drawcard, especially for investors enticed by solid rental yields. 

For consistency, the data used in the buy, invest and population tables reflects the CBD suburb of Geraldton only.

Mandurah

Nominated by: Adrian Knowles, Dan White

The Mandurah region, about an hour and a half drive south of Perth, has been one of the best performing property markets in Australia over the past year. 

Experts expect continued strong growth, with buyers drawn to the coastal lifestyle, affordable properties and investment prospects that the suburb and the wider region offer. 

“Mandurah is the lifestyle capital of Western Australia because of everything it has to offer without the big price tag,” said Dan White. 

Mandurah’s median house price of $390,000 makes the suburb more affordable than much of Perth, and the diversity of properties available will appeal to a wide range of buyers, including owner occupiers and investors. 

“When it comes to property, Mandurah offers something for everyone, from affordable options for first-home buyers to upmarket canal homes,” Mr White said. 

Christine Mikhael tipped neighbouring Greenfields as a suburb to watch, while Meadow Springs, the next suburb to the north, was recommended by Kate Hill. 

Noranda

Nominated by: Pete Wargent

Noranda, located 9km northeast of the Perth CBD, has become increasingly popular, according to Pete Wargent, and is set to benefit from a new train line currently under construction. 

“We expect the suburb to perform well, partly thanks to infrastructure investment,” he said. “A new train station is earmarked for the suburb in 2024.” 

While the suburb is already well-connected owing to its position at the junction of the Tonkin and Reid highways, the rail link will allow a sub-20 minute commute to the Perth CBD. 

The family-friendly suburb has a high level of home ownership, with more than 80% of properties owner-occupied, and the vast majority of properties are freestanding brick houses. 

There are more than 20 parks and reserves in Noranda, including the massive 71-hectare Lightning Swamp Bushland that serves as a natural habitat for native animals, as well as sport and recreation facilities. 

Quinns Rocks

Nominated by: Pete Wargent

The beachside suburb of Quinns Rocks on Perth’s northern fringe offers home buyers a coastal lifestyle for a fraction of the price of seaside suburbs closer to the CBD, where homes typically cost more than $1 million. 

“Quinns Rocks has affordable entry prices, even for detached homes, and is relatively close to the water,“ Pete Wargent said.   

“The suburb is likely to be popular with small business owners or employees who don’t need to be in the office five days per week, given that it is located almost 40 kilometres to the north of Perth CBD.” 

The suburb is mostly residential, and houses are less expensive and more diverse than neighbouring suburbs, and in some cases ripe for renovation.  

There are several primary and secondary schools in Quinns Rocks and surrounding suburbs, supermarkets nearby and access to the city on the Joondalup train line, making Quinns Rocks an ideal spot for buyers who value a family-friendly outdoor lifestyle away from the hustle and bustle. 

Rockingham

Nominated by: Adrian Knowles

Rockingham is ideal for buyers seeking a beachside home at an affordable price point. 

Families will love the calm waters of Rockingham Beach and the parks and playgrounds, lining the foreshore, and there are plenty of primary and secondary schools in the area, both public and private. 

Featuring most major supermarkets and retailers, Rockingham Centre has shopping needs covered, and there are dozens of waterfront cafes and restaurants along Rockingham Beach Road. 

The Mandurah line connects city workers to the CBD in less than 40 minutes, with plenty of parking available at Rockingham station. 

About two thirds of properties in the suburb are freestanding, ranging from 1960s and 70s-built single storey houses to large, modern two-storey properties. 

Homes further from the beach, and closer to the station, are a little more affordable, as are properties in Cooloongup, further inland. Neighbouring suburbs like Waikiki, Safety Bay and Shoalwater offer homes at a similar price point, giving buyers multiple options in the area. 

Tuart Hill

Nominated by: Peter Koulizos

Situated about 7km north of the Perth CBD, Tuart Hill is considered relatively affordable, with a median house price of $625,000 and a median unit price of $375,000. 

“Not only is it close to the city but it is an easy commute to the beach and airport,” Mr Koulizos said. 

The suburb has about an even split of renters and owners, and it recently ranked second-highest for rental demand in the country, with more than 150 enquiries per rental listing on average. 

While most properties are semi-detached, townhouses or villas, about a quarter are freestanding, which Mr Koulizos said would be ideal for buyers looking to add value. 

“It has solidly built 1960’s and 1970’s homes, which would respond well to a new coat of paint, polish of the timber floors and possibly a new kitchen and bathroom,” he said. 

Victoria Park

Nominated by: Peter Koulizos

Victoria Park in inner Perth is set to benefit from its riverfront position, proximity to the city and overall liveability, with Peter Koulizos describing it as “undervalued”. 

As it’s one of the city’s older suburbs, it’s home to tree-lined streets and many character houses that are ripe for renovation, which Mr Koulizos said differentiated it from most Perth suburbs. 

Its location just across the river from the Perth CBD and its train station makes it convenient for city workers while the proximity to Curtin University appeals to students. 

With a median house price of $799,000, its relative affordability compared to pricier surrounding suburbs, such as South Perth, Kensington, Lathlain and Burswood makes it one to watch. 

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Tasmania

Tasmanian suburbs accounted for six spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Burnie

Nominated by: Simon Pressley

Burnie is the second largest city on Tasmania’s north coast after Devonport, about half an hour’s drive to the east.  

While it’s a significant regional centre with about 20,000 people living in the Burnie LGA, the suburb itself has a population of just 693 people, with most of its 485 dwellings being freestanding houses. 

“Burnie is an iconic port city,” Mr Pressley said. “It plays an important role in supporting Tasmania’s economy, particularly the cruise ship, agriculture, timber plantation and natural resources sectors.” 

While the city is most known for its port and industrial heartland, it’s also home to a newly developed campus of the University of Tasmania, as well as several beaches and a penguin colony. 

Devonport

Nominated by: Sam Spilsbury, REBAA

Devonport is the largest city on Tasmania’s north coast and the primary port of the Spirit of Tasmania, the ferry service connecting the island to the mainland. 

The city’s urban renewal plan will improve liveability and enhance Devonport’s status as the northwest’s tourism gateway, Sam Spilsbury said. 

“This plan envisions investments in the redevelopment of Port Devonport, the creation of new parklands, housing subdivisions, and accommodations,” she said. 

Devonport is also set to benefit from the delivery of two new Spirit of Tasmania ferries in 2024, transporting an additional 160,000 people to the city each year. 

The suburb’s median house price is $460,000, with older weatherboard cottages available for under $400,000 and larger renovated properties or brick houses selling for $550,000 to $650,000. 

Invermay

Nominated by: Sam Spilsbury, Dan White

Located just north of the Launceston CBD, Invermay is a little more affordable than other inner-city neighbourhoods, according to buyer’s agent Sam Spilsbury. 

“Invermay, within walking distance of Launceston’s CBD, offers a treasure trove of charming character homes without the premium price tags found in some neighbouring suburbs,” she said. 

The suburb is set to benefit from a new $344 million redevelopment of the University of Tasmania Inveresk campus, which Ms Spilsbury says will also boost Invermay’s property market and the suburb’s appeal to investors. 

“This development is poised to create opportunities for long-term rentals, targeting university students and employees,” she said. 

Most of the suburb’s houses are freestanding weatherboard cottages, and while original homes can be purchased for as little as $250,000, renovated properties are more likely to be found for about $550,000 to $600,000. 

More broadly, Simon Pressley describes the city of Launceston as one of his “Top 3 favourite Australian cities” from both an investing and lifestyle standpoint.

“Launceston has numerous attractions, a thriving and very diverse economy and one of the best lifestyle offerings in all of Australia,” he said.

“Over the last 20-years, the average annual capital growth rate for Launceston houses of 8.6% is far superior to Sydney and Melbourne. Rental yields are also superior.”

Kingston

Nominated by: Christine Mikhael

Located in one of Tasmania’s fastest growing regions, Kingston is a 15-minute drive from the Hobart CBD. 

Property prices have become more affordable recently, increasing the suburb’s appeal, according to LJ Hooker chief executive Christine Mikhael. 

“Kingston, situated south of Hobart, has seen a 10% decrease in house prices, making it an attractive option for buyers,” she said. “Strong buyer enquiry and a solid rental yield contribute to its desirability.” 

The suburb has experienced significant development recently, with hundreds of new homes built and upgrades to roads, parks and shopping centres boosting amenity. 

It’s only a short drive to the water at Kingston Beach and Blackmans Bay Beach. 

North Hobart

Nominated by: Cate Bakos

Located just north of the Hobart CBD, bustling North Hobart is perfect for buyers seeking an inner-city location with a vibrant cafe and nightlife scene.  

“Once a grungy inner-urban precinct, North Hobart is now a cool suburb with a foodie culture about it,” Ms Bakos said. 

“Elizabeth Street boasts more cafes and restaurants than any weekend tourist could choose from, and the quality of the restaurants has improved dramatically in recent years.” 

“MONA has certainly put Hobart on the map, and North Hobart is no stranger to cashed up visitors who seek great dining.” 

The suburb features a mix of period freestanding, semi-detached and terrace houses on compact blocks, as well as many recently built apartments, with the diversity of housing options giving buyers ample choice close to all the action. 

Rokeby

Nominated by: Adrian Knowles

Situated on the eastern shore of the Derwent River, Rokeby is a suburb on the up. 

Its affordable prices and proximity to the Hobart CBD have put it on the radar of home property buyers, with increasing levels of home ownership in recent years.  

Most properties are freestanding houses, with plenty of new homes constructed in recent years, especially in the north and south of the suburb. And like many Hobart suburbs, water views are common, particularly in the south. 

Rokeby is also situated close to the picturesque beaches of South Arm Peninsula, as well as Hobart International Airport. 

Australian Capital Territory

ACT suburbs accounted for three spots in the Hot 100.

Dickson

A lot of development has taken place in Dickson, in Canberra’s inner north over the past few years, which buyer’s agent Claire Corby says has improved liveability in the suburb, and its investment prospects. 

“Now that the redevelopment of the Dickson shopping centre has opened, it’s a modern part of town with direct access to the light rail line and a raft of new dining options,” Ms Corby said. 

Featuring a mix of original single storey houses lining leafy streets and multi-storey townhouses and apartment buildings constructed recently, the suburb has a range of options for different buyers. 

“As more of the suburb increases in density, it’s an attractive option for investors seeking newer buildings close to amenities, including easy access to the Australian National University,” Ms Corby said. 

Buyers can purchase a freestanding house for about $1.2 to $1.5 million, while semi-detached houses or townhouses are more affordable. Newly built apartments typically range from about $500,000 to $750,000. 

Holt

Nominated by: Dan White

About a 20-minute drive from the centre of Canberra, home prices in Holt have experienced solid growth this year, according to Dan White, particularly driven by the price of units.   

Situated in the Belconnen district, Holt features a local shopping centre, schools, sporting fields and oval, golf course and easy access to nature, with the suburb providing a good balance of urban and lifestyle amenity.    

Waramanga

Nominated by: Claire Corby

Situated in the Weston Creek district, Waramanga is “located in what is fast becoming Canberra’s geographical centre,” Claire Corby from the REBAA said. 

“Waramanga has excellent access to arterial roads, which for a car-focused town can be a significant positive.” 

The suburb’s housing stock consists of mainly large family homes on big blocks, with easy access to local shops and plenty of green space. 

“Weston Creek is often a bridesmaid area for buyers priced out of Woden, but with elevated pockets and a hive of renovation activity it’s an attractive option for budget-conscious families,” Ms Corby said.  

Northern Territory

NT suburbs accounted for just one spot in the Hot 100, with the city centre nominated as the suburb to watch.

Darwin City

Nominated by: Dan White

Unit prices in Darwin, the most northerly city in the country, have enjoyed considerable price growth this year, according to Dan White. 

PropTrack data has also revealed the rental yield on units is a very solid 7.3%.  

“Darwin is a great city,” and the people are “incredibly friendly,” Dan White said.  

Not only that, but Darwin is located near some of the most spectacular natural wonders Australia has to offer, including Kakadu National Park, which makes it perennially popular with residents and tourists.  

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Note

The information published in this report is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content and we are not responsible for it. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We strongly recommend that you obtain independent advice before making any property decisions.