Powered by MOMENTUM MEDIA

NAB reveals the most popular suburbs for first home buyers

By Cameron Micallef 17 December 2020 | 1 minute read

One of Australia’s big four banks has revealed the locations where first home buyers are flocking to.

NAB reveals the most popular suburbs for first home buyers

Data released by NAB showed that lending to first home buyers (FHB) has increased by 21 per cent over the last 12 months, as consumers rush to dip their toes in the market. 

“First home buyers are back in the market at levels we haven’t seen for a decade,” NAB executive, home ownership, Andy Kerr said.

“Demand has been supported by historically low interest rates and more government support, such as the First Home Loan Deposit Scheme and HomeBuilder. A brief pullback in property prices also helped FHBs as the uncertainty of COVID-19 put many plans on ice, with investor demand slowing noticeably.

“As a result, many of our customers are telling us they are getting their dream home earlier than they thought possible, which is great news.”

Advertisement
Advertisement

The growth in FHB lending is being registered across the country, with Victoria displaying slower overall market activity due to the recent COVID-19 lockdown. However, despite slightly slower activity, a trend towards outer suburbs and regional areas has emerged in the education state.

Queensland registered the strongest growth with FHB activity up 39 per cent during the three months to 31 October. The sunshine state was followed closely by Western Australia, which saw an increase of 37 per cent, and by NSW/ACT where FHB surged by 31 per cent.  

First home buyer hotspots – outer suburbs and regional areas:

NSW

Greater Sydney

2127 – including NewingtonNewington, NSW Newington, VIC +70 per cent

2150 – including Parramatta +66 per cent

2174 – including Abbotsbury +157 per cent

2560 – including CampbelltownCampbelltown, NSW Campbelltown, SA North +48 per cent

2570 – including Camden & Oran Park +38 per cent

2747 – including Llandilo & Cambridge Park +54 per cent

2750 – including Penrith +68 per cent

“For first-time buyers, the leading postcodes primarily fall into two regions – one is west of Sydney’s CBD, from Parramatta through to the foot of the Blue Mountains; and the other is Camden and Campbelltown and the surrounding suburbs in Sydney’s south-west,” Mr Kerr said.

Outside Sydney

2259 – including Wyong (Central Coast) +111 per cent

2287 – including Wallsend (Newcastle) +65 per cent

2444 – including Port Macquarie +143 per cent

2478 – including Ballina +148 per cent

“There’s positive stories across regional NSW, particularly coastal towns with the Central Coast one of the most significant growth areas for first home buyers in the country. The access to quality beaches and more relaxed lifestyle are also obvious draw cards further north in and around Port Macquarie and Ballina,” the executive continued.

VIC

West of Melbourne CBD

3217 – including Armstrong Creek +97 per cent

3216 – including Waurn Ponds & BelmontBelmont, QLD Belmont, VIC Belmont, NSW Belmont, WA Belmont, QLD +56 per cent

3338 – including Melton South +38 per cent

3029 – including Tarneit & Hoppers Crossing +22 per cent (postcode with most lending to FHB in the state)

East of Melbourne CBD

3196 – including Chelsea and Edithvale +60 per cent

3175 – including Dandenong +50 per cent

3174 – including Noble Park +32  per cent

3978 – including Clyde +32  per cent

3810 – including Pakenham +27 per cent

3977 – including Cranbourne +23  per cent

“To find the most popular postcodes for FHBs in Victoria you need to head west of Melbourne’s CBD to areas like Hoppers Crossing and the southern suburbs of Geelong, or south-east to suburbs such as Pakenham and Cranbourne. A common thread to many of the Melbourne locations is they are at, or near, the end of train lines. They are also typically a short drive to some of Victoria’s best beaches, be it along the famed Great Ocean Road or the MorningtonMornington, VIC Mornington, QLD Mornington, TAS Peninsula,” Mr Kerr said.

“We’re also seeing early signs of interest in beachside towns around the start of the Great Ocean Road, such as Ocean Grove, Anglesea and TorquayTorquay, QLD Torquay, VIC, while inland there’s growing demand in both Ballarat and Bendigo.”

QLD

South-east

4118 – including Browns Plains (Logan City) +106 per cent

4209 – including CoomeraCoomera, QLD Coomera, QLD (Gold Coast) +94 per cent

4300 – Greater SpringfieldSpringfield, NSW Springfield, QLD Springfield, QLD Springfield, NSW (Ipswich) +67 per cent (most lending)

4305 – Central Ipswich +93 per cent

4306 – including Karrabin (Ipswich) +58 per cent

4509 – including North Lakes (Brisbane) +99 per cent

North and west

4817 – including Hervey Range and Bohle Plains (Townsville) +64 per cent

4825 – including Mount Isa +115 per cent

“In Queensland, the first home buyer hotspots are more widespread than in any other state, with postcodes in Brisbane, Ipswich, the Gold Coast, Townsville and Mount Isa all making the list. FHBs are considering plenty of options within an hour of Brisbane’s CBD from Ipswich to the east, North Lakes in the north and Coomera on the Gold Coast to the south,” Mr Kerr said.

WA

PerthPerth, TAS Perth, WA

6061 – including Nollamara & Mirrabooka +107 per cent

6062 – including Morley +78 per cent

6107 – including Cannington +63 per cent

6110 – including HuntingdaleHuntingdale, VIC Huntingdale, WA +91 per cent

6112 – including ArmadaleArmadale, WA Armadale, VIC +63 per cent (most lending)

Regional

6430 – Kalgoorlie +62 per cent

6530 – Geraldton +117 per cent

“In Perth, you don’t need to travel far to find value, given a less buoyant property market over recent years. As a result, the most popular suburbs aren’t as far from the CBD as in the eastern capitals. Areas north of the CBD have proven most popular among first-time buyers, including Nollamara, Morley and Mirrabooka, while there’s also been growing demand in south-east suburbs like Huntingdale and Armadale,” Mr Kerr said.

SA

Adelaide

5085 – including Clearview and EnfieldEnfield, VIC Enfield, NSW Enfield, SA +52 per cent

5086 – including Oakden and HillcrestHillcrest, TAS Hillcrest, QLD Hillcrest, SA +51 per cent (most lending)

5108 – including SalisburySalisbury, SA Salisbury, QLD +68 per cent

“There’s plenty of first home buyers looking north in Adelaide, with suburbs like Oakden, Clearview and Salisbury among the more popular,” Mr Kerr said.

“Looking south and while Morphett Vale didn’t quite make our list, it remains in steady demand from first home buyers with its plentiful schools and parks, not to mention easy access to the McLaren Vale.”

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your... Read more



NAB reveals the most popular suburbs for first home buyers
NAB reveals the most popular suburbs for first home buyers
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.