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Revealed: Top 40 property hot spots to watch in Australia

First home buyers looking for more affordable opportunities in regional areas might be interested in new research from property market analysts who have identified 40 locations around Australia that are reportedly set to thrive.
Top 40 property hotspots, Cairns pictured
Cairns, identified by Propertyology to be a tightening property market in Queensland (iStock).

Market research and buyers’ agency firm Propertyology analysed annual days-on-market and sales volume data for all 550 city councils across Australia, excluding the ACT.

According to Propertyology’s Head of Property Market Research Simon Pressley, the data revealed 40 locations that are likely to experience price growth due to tightening markets.

Making the cut were locations that experienced significant falls in the average selling period over 2017 or demonstrated evidence of strong (or improving) sales volumes.

“There are locations in every state where buyer activity is increasing and properties are selling faster,” Mr Pressley said.

“In some cases, this activity has already created price growth and in others it’s only a matter of time.”

The fastest selling area was found to be the city of Clarence in Tasmania, with an average selling period of 10 days, down 60% days-on-market compared to the same time last year.

To see whether your hometown made the list, see below.

NSW property markets to watch

Tightening markets in NSW
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Bega Valley 83 17% -3%
Cessnock 45 25% 14%
Griffith 37 37% 5%
Lake Macquarie 28 37% 2%
Maitland 34 38% 11%
Muswellbrook 88 0% 25%
Orange 56 23% 13%
Palerang 65 35% -3%
Port Stephens 46 23% -1%
Singleton 83 26% 30%
Source: Propertyology

VIC property markets to watch

Tightening markets in VIC
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Ballarat 39 36% 12%
Cardinia 14 59% 11%
Frankston 18 40% -4%
Hume 25 42% -15%
Macedon Ranges 41 35% 10%
Shepparton 72 21% 10%
Wodonga 65 13% 13%
Source: Propertyology

QLD property markets to watch

Tightening markets in QLD
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Cairns 56 19% -3%
Fraser Coast 73 15% 0%
Gold Coast 35 31% -10%
Mackay 58 16% 4%
Redland 38 37% -10%
Source: Propertyology

TAS property markets to watch

Tightening markets in TAS
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Brighton, TAS 24 47% 28%
Burnie, TAS 49 17% 7%
Clarence, TAS 10 60% 3%
Derwent Valley, TAS 49 39% 31%
Devonport, TAS 61 35% 11%
Glenorchy, TAS 13 48% 6%
Sorrell, TAS 35 49% 20%
Source: Propertyology

SA property markets to watch

Tightening markets in SA
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Adelaide Hills 56 28% -1%
Gawler 58 25% 4%
Marion 35 19% 7%
Prospect 36 36% 3%
Salisbury 41 45% 2%
West Torrens 35 22% 1%
Source: Propertyology

WA property markets to watch

Tightening markets in WA
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Broome 64 15% 14%
Busselton 72 17% 8%
Karratha 46 40% 24%
Port Hedland 50 42% 56%
Source: Propertyology

NT property markets to watch

Tightening markets in NT
Location Days-on-market (Dec 2017) Annual change of days-on-market (% reduction) Annual change of sales volumes
Alice Springs 57 49% 28%
Source: Propertyology

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