Top suburbs where homeowners are likely to sell their property this year

ELLIE MCLACHLAN
As the number of buyers looking for a house continues to outpace the number of homes listed on the market, Westpac data shows the suburbs in some of Australia’s capital cities where homeowners are most likely to list a property in the next six months.
Top suburbs to list property 2021
Westpac reveals the top suburbs where homeowners are likely to sell in the second half of 2021. Image: Tap10/Shutterstock.com.

Over the past year, property listings have been trending downwards across the country, while demand for home buying has been on the rise, putting upwards pressure on house prices.

Data released today from property analysis group SQM Research shows national listings fell 21.6% in June, compared to 12 months ago, with the biggest falls occurring in Hobart, Adelaide, Canberra and Brisbane.

Meanwhile, asking prices for houses in capital cities surged 2.8% over the four weeks to 29 June, while unit prices gained 2.2%, according to SQM.

“As demand outstrips supply, we are seeing strong rises in asking property prices, in capital cities and the regions, which is likely to continue through 2021,” SQM Research Managing Director Louis Christopher said.

“However, we note the current pace of the housing market is not sustainable over the long term. And we also note the current world-wide housing boom, strongly suggesting this strong upturn in Australia has been driven largely by ultra-low interest rates and easier lending standards. In time, there will be a change in these monetary settings which will trigger a downturn.”

New research from Westpac shows 29% of buyers surveyed cited a lack of listed options as a barrier to achieving home ownership – a sentiment that’s increased by 10 percentage points in the last three months.

The survey of 2,017 Australian adults in May also revealed 39% of respondents were thinking about selling their property in the next five years, which is an increase of nine percentage points since November 2020.

Westpac’s Managing Director of Mortgages, Anthony Hughes, said this was largely driven by people’s confidence in getting a good return on their home, as well as an increasing desire to live in a new area as they seek more living space.

“Properties further from the city boasting backyards and a more relaxed lifestyle remain top of mind for buyers, and for the first time, more homeowners are telling us increased infrastructure and amenities in their desired area is also motivating them to sell, with public transport, local shops and parks ranking as the most desirable suburban features,” Mr Hughes said.

Top suburbs likely to list in the next 6 months, by capital city

In what could be welcome news for house hunters competing for limited stock, Westpac has released a list of the top areas in Adelaide, Brisbane, Melbourne, Perth and Sydney where homeowners are most likely to list a property in the next six months. The data was unavailable for Hobart, Darwin and Canberra.

Adelaide

Houses Units
Warradale Mawson Lakes
Mawson Lakes Glenelg
Seacombe Gardens Torrens Park/
Kingswood
Davoren Park/
Elizabeth
Port Adelaide
O’Sullivan Beach Croydon
Mitchell Park/
Morphettville
Largs Bay
Brighton Seaton
Plympton Somerton Park
Novar Gardens Brompton
Kurralta Park Brighton

Brisbane

Houses Units
North Lakes Banyo
Kooringal Mackenzie/
Burbank
Wakerley Northgate
Eatons Hill Goodna/
Springfield
Berrinba Rochedale
Redland Bay Keperra
Murarrie Redcliffe/
Scarborough
Clontarf/
Margate
Redland Bay
Thornlands Bulimba
Bundamba Carina/
Carindale

Melbourne

Houses Units
Pakenham Kilsyth
Beaconsfield Mooroolbark
Officer Brunswick East
Lynbrook/
Lyndhurst
Bentleigh
Cranbourne Altona North
Frankston North Carrum Downs
Berwick Braybrook
Carrum Downs Boronia
Williams Landing Rowville
Narre Warren Hampton Park

Perth

Houses Units
Mosman Park Hamilton Hill/
Spearwood
City Beach Palmyra
Kinross/
Currambine
Scarborough
Claremont Victoria Park
Nedlands Beaconsfield
Floreat/
Wembley
Fremantle
Cottesloe North Fremantle
Byford Melville/
Attadale
East Fremantle Belmont
Beaconsfield Booragoon

Sydney

Houses Units
Avalon Beach St Ives
Newport Avalon Beach
Mona Vale Dee Why
Warriewood Mt Colah
Palm Beach Palm Beach
The Ponds Newport
St Ives Wentworth Point
Paddington Silverwater
Rozelle Brookvale
Milperra Collaroy

 


Thanks for visiting Canstar, Australia’s biggest financial comparison site*

This content was reviewed by Sub Editor Tom Letts as part of our fact-checking process.


Ellie McLachlan is responsible for leading and breaking financial news on home loans, savings and much more. Ellie studied a Bachelor of Journalism and Arts at UQ and has worked at major metropolitan and regional news organisations.

Share this article