The hottest property market in the nation is South Australia, according to the last Top Sellers’ Markets report for 2014 by realestate.com.au.
Based on last quarter’s statistics, South Australia beat New South Wales, with four SA suburbs making the hot list – Parkside, Unley, Norwood and Unley Park. NSW has three suburbs in the national top 10, down from six in the last quarter. Two Victorian suburbs and one in Queensland round up the top 10 list for December 2014.
Here is the list of the 10 Australian suburbs with the most searched buyer locations across the country:
- Parkside (SA)
- Unley (SA)
- Engadine (NSW)
- Norwood (SA)
- Albert Park (VIC)
- Unley Park (SA)
- Cherrybrook (NSW)
- Holland Park (QLD)
- Bella Vista (NSW)
- Ringwood North (VIC)
According to John Williams, Principal at Harcourt Brock Williams, “South Australians love their character homes and there are plenty in Parkside which are really affordable. Along with compact villas and cottages, the character style home is quite unique to South Australia. You don’t really see this in other states, which is why properties in South Australia are consistently in high demand.”
He adds, “As soon as a property goes up for sale in Parkside, it sells quickly. This inner south pocket has a real community atmosphere which people love. People are not just buying the house, they’re buying the lifestyle.”
New South Wales
The hottest suburb over the last three months is the Shire’s Engadine area, specifically locations that are near the beach.
The most sought after suburbs in NSW are:
- Bella Vista
- St Clair
- South Penrith
- Frenchs Forest
- Winston Hills
Demand is rising in Engadine as it is coming of age into an established market. According to Geoff Luby from Ray White, “Properties in the Shire are always popular. But the prices of property east of the Shire have gone up so people are searching for more affordable areas within this popular spot. Engadine offers the same lifestyle opportunities as the eastern parts of the Shire and is also close to the beach while surrounded by national parklands.”
Engadine is appealing to large families who like the close proximity to shopping centres, local parks and beaches. The area is just a 15-minute drive to Stanwell Park and the well-known Cronulla beach, with Port Hacking luring fishing enthusiasts.
South eastern jewel Holland Park was the most searched for by buyers for the third straight time in 2014.
The suburbs that got the most interest from buyers are:
- Holland Park
- Stafford Heights
- Spring Hill
- Camp Hill
- Red Hill
Holland Park has been consistently popular because people know the value of this location and capital growth is high. It is a community hub that appeals to the younger crowd. It is near trendy stores, cafes and public transport.
Anula climbed high to the top of the list because of a hug demand for suburbs that are closer to the city.
The most popular suburbs in the Northern Territory are:
- Howard Springs
- Rapid Creek
- Fannie Bay
The northern suburbs have become popular because of the big population of young families searching in this area.
Chris Deutron, Principal at Elders Real Estate Darwin, says “Anula is a great place for young families looking for affordable established housing with larger blocks of land. Anula is a short 15 minute drive from the city and home to Anula Primary School which has a great reputation in the Territory.”
For the first time in Top Sellers’ Markets, Shenton made it into the list of the most popular suburbs in West Australia.
The hottest suburbs in West Australia are:
- Shenton Park
- Mount Hawthorn
- Bull Creek
- Peppermint Grove
Kirk Bellerby, Principal at Bellcourt Property, says “The key factor driving this growth is the large number of amenities in Shenton Park such as the hospital, post office and newsagent, as well as having great transport links and the best restaurants and schools.”
The suburb is also where Lake Jualbup is located. It is near Kings Park, where the annual Moonlight Cinemas is held.
Parkside is once again the most searched for suburb both in South Australia and throughout the country, indicating that a lot of people would like to live there.
The most searched for suburbs in South Australia are:
- Unley Park
- St Peters
- Torrens Park
- Henley Beach
Parkside, together with its quintessential houses, offers close proximity to cosmopolitan shopping precincts, a major attraction for people hoping to buy, according to John Williams, Principal at Harcourt Brock Williams.
He says, “Parkside is a tightly held area. People tend to stay after buying a home here and consider renovating down the track if they start a family, as it means they won’t have to move.”
The most searched for suburbs in Victoria are:
- Albert Park
- Ringwood North
- East Melbourne
- Carlton North
- Park Orchards
High demand for outer suburbs properties in Melbourne in 2013 have caused prices to rise in these areas. This shift in interest is evident in inner city suburbs becoming competitively affordable once again.
Greg Hocking, Director at Greg Hocking Real Estate Albert Park, says the interest in this location is coming from buyers who are on the lookout for listings that rarely comes on the market.
He adds, “Albert Park is a tightly held area so when a listing does come up, property seekers pounce on it often after months of searching in this high demand area. With acres of parklands, the famous Albert Park Lake within walking distance and the beach outside your front door, the unique vibe in Albert Park is very hard to replicate.”
The area is close to main roads and has easy access to transport links serviced by three tram routes. On top of that, there is the new Albert Park Secondary College, which is getting a huge number of enrolments annually.
Australian Capital Territory
The most popular suburbs in the Australian Capital Territory are:
Property seekers are being lured by the affordability and infrastructure of Belconnen. Decent sized blocks of land are available for a great price. A large number of new high rise apartments are being constructed, offering opportunities for people to relocate there.
Belconnen is one of two suburbs with a public and private hospital. It is also close to the University of Canberra, which offers plenty of employment opportunities.
For the second consecutive time in a row, inner city South Hobart took the number one spot.
Most searched suburbs in Tasmania are:
- South Hobart
- West Hobart
- Battery Point
- New Town
- Sandy Bay
- East Launceston
Its affordability has allowed South Hobart to consistently place in the top spot. It is near to other desirable locations to get the overflow benefits.
According to Mathew Chugg from Roberts Real Estate, “Buyers are finding there’s a lot of competition for properties in Sandy Bay and so are looking at neighbouring suburbs such as South Hobart which is increasing the demand for this area.”
South Hobart has views of the well-known Mount Wellington and houses one of the oldest breweries in the country – Cascade Brewery.
In addition to local attractions, good schools, shops and cafes, the suburb has a variety of properties to suit every need and budget. You will find town houses as well as lifestyle houses that are ideal for young families.
I hope this national overview of 2104 has been interesting and that you have gained a little more insight to our real estate trends for the year. If you would like to know how your suburb is doing, just ask.
Annette Pinkerton, The Newcastle Real Estate Agent who enables you to turn the key to where you want to be.