Revealed: Top 40 property hot spots to watch in Australia
23 Apr 2018
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.
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.
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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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