Melbourne thick with population hotspots

“According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area of Melbourne is Australia’s number one hotspot, with population growth of 35.3 per cent during 2016–17 and $222.9 million in building approvals,” Mr Garrett said.

“With a large volume of work still to be commenced, no downturn evident in approvals, and population growth still exceeding 2 per cent, Melbourne and its surrounding areas are likely to produce many hotspots for building activity going into 2019.”

Melbourne’s hotspot prominence is due to job creation, population growth and new home construction all contributing to its economy, Mr Garrett said.

The rest of the list was populated by areas from Queensland and NSW, with four of each.

Pimpana found itself falling to second place on the list, with Queensland’s south-eastern corner being a hotbed of hotspot activity.

“Population growth in the south-east has accelerated over the past year, indicating that Queensland is starting to see solid employment gains,” Mr Garrett said.

“Coomera is also a regular on the hotspots list, joined by South Brisbane where the apartment boom has resulted in significant approvals and population growth.”

Meanwhile, Sydney’s hotspots consist of western and south-western suburbs.

“From Leppington to Parramatta and Blacktown, the large pipeline of new housing will attract significant population growth,” Mr Garrett said.

The top 20 hotspots across Australia, according to the HIA are:

Rank	Area	State	Annual population growth rate
1	Mickleham - Yuroke	VIC	35.3
2	Pimpama	QLD	30.8
3	Cranbourne East	VIC	27.4
4	Cobbitty - Leppington	NSW	21.9
5	Riverstone - Marsden Park	NSW	21.1
6	Wollert	VIC	20.8
7	Docklands	VIC	14.7
8	Beaconsfield - Officer	VIC	13.4
9	Point Cook - East	VIC	12.8
10	Truganina	VIC	11.9
11	Melbourne	VIC	11.2
12	Coomera	QLD	10.3
13	Cranbourne West	VIC	9.2
14	Melton South	VIC	9.1
15	Tarneit	VIC	9.0
16	South Brisbane	QLD	8.8
17	Springfield Lakes	QLD	8.7
18	Arncliffe - Bardwell	NSW	8.6
19	Southbank	VIC	8.6
20	Homebush Bay - Silverwater	QLD	8.0 You need to be a member to post comments. Become a member for free today! Comments powered by CComment Related articles Author Sasha Karen Know more More from this writer: Where to find winners in the WA market How rents have performed for investors so far this year How to save money with a new repayment strategy Popular capital cities on the rise as market softens over June Cash rate call for July 2019 revealed New property sales rebound over May How far can a $500,000 budget get you in Sydney?