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Most popular suburbs in Australia revealed
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1 minute read

Most popular suburbs in Australia revealed

Most popular suburbs in Australia revealed

by Emma Ryan | July 17, 2019 | 1 minute read

New data has shown the most in demand suburbs in Australia, as buyers look to capitalise on ongoing price declines. 

Aerial shot of beach
July 17, 2019

According to a report from realestate.com.au, Allambie Heights, located on Sydney’s northern beaches, has topped the list as the most in demand suburb in Australia. It has a median price of $1.5 million for all dwelling types in the area.

This was followed by Melbourne’s Middle ParkMiddle Park, QLD Middle Park, VIC, which holds a median price of $1.98 million, and Adelaide’s Crafers, which holds a median price of $732,500.

Next up was another Sydney northern beaches suburb, Narraweena, which currently has a median price of $1.3 million, followed by Birchgrove, located in Sydney’s inner-west, recording a median price of $1.6 million.

Why are buyers flocking? 

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Commenting on the results, chief economist of realestate.com.au Nerida Conisbee said the two northern beaches suburbs that made the list are particularly sought-after by younger buyers.

“Allambie Heights and Narraweena are more affordable northern beaches suburbs,” Ms Conisbee said.

“If you look at somewhere like ManlyManly, NSW Manly, QLD – where the median price is nearly $3 million – Allambie Heights and Narraweena aren’t that near the water, but they aren’t too far away, so comparatively they are more affordable.”

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