Hot Locations

Overview

Buying and selling of any residential property is a significant decision and making it wisely is crucial because its effects are long-term. Without proper guidance and understanding of current market trends, you can end up paying more than necessary for a house, apartment, land for development or other residential property. The reverse of this can happen as without assistance of certified property valuers like us, you cannot estimate the actual cost of your property and end up selling it for an inaccurate price.

Therefore, get in touch with us now if you are planning to buy or sell a residential property. In addition to providing the best valuation services in Australia, we can advise you on top residential hot-spots and share forecasts for good investments.

Here are the details of median prices for residential properties in major capital cities of Australia, upcoming hot locations and more.

Eight Capital Cities’ Median Residential Property Values

According to information available on the Housing Data Dashboard of the Australian Government, these are the median property value for buying and renting.

Sydney

  • Houses for buying: $1, 224, 613
  • Houses for renting: $570 per week
  • Units for buying: $794,193
  • Units for renting: $470 per week

Melbourne

  • Houses for buying: $929,769
  • Houses for renting: $430 per week
  • Units for buying: $610,043
  • Units for renting: $380 per week

Brisbane

  • Houses for buying: $657,551
  • Houses for renting: $450 per week
  • Units for buying: $415,536
  • Units for renting: $400 per week

Adelaide

  • Houses for buying: $551,538 
  • Houses for renting: $430 per week
  • Units for buying: $359,359
  • Units for renting: $370 per week

Perth

  • Houses for buying: $550,099
  • Houses for renting: $450 per week
  • Units for buying: $395,979
  • Units for renting: $400 per week

Hobart

  • Houses for buying: $652,092
  • Houses for renting: $500 per week
  • Units for buying: $492,748
  • Units for renting: $430 per week

Canberra

  • Houses for buying: $877,311
  • Houses for renting: $640 per week
  • Units for buying: $501,754
  • Units for renting: $510 per week

Darwin

  • Houses for buying: $567,842
  • Houses for renting: $580 per week
  • Units for buying: $337,048
  • Units for renting: $420 per week

Latest Hot Spots For Residential Properties

Even though the COVId-19 Pandemic impacted the property markets of Australia severally in the year 2020, they have survived tremendously well and many locations have emerged as the ‘IT’ places to buy, sell or rent residential properties. Listed below are median house prices and weekly rental values

Bendigo, Victoria
Action/Property Type 2BHK House 2BHK Unit 3BHK House 3BHK Unit
Buy  $440,000 $426,750  $550,00  455,000
Rent Per Week  $320  $280  $373  $280
Rockingham, Western Australia
Action/Property Type2BHK House2BHK Unit3BHK House3BHK Unit
Buy$410,000$220,000$347,500 339,000
Rent Per Week$280$310$350 $390
Toowoomba, Queensland
Action/Property Type2BHK House2BHK Unit3BHK House3BHK Unit
Buy $418,000 $441,250 $283,250
Rent Per Week $265 $350 $320
Blacktown, New South Wales
Action/Property Type2BHK House2BHK Unit3BHK House3BHK Unit
Buy $690,500 $414,70 $750,00$590,00
Rent Per Week $350 $360 $420 $425
Orange, New South Wales
Action/Property Type2BHK House2BHK Unit3BHK House3BHK Unit
Buy $405,000 $327,000 $453,750 $442,500
Rent Per Week $340 $320 $400 $400

Best Suburbs Across Australia

Over the years, many people have moved from cities to their suburbs for better lifestyle, peace, greenery and spaciousness. Unlike cities, most urban suburbs have better safety, sense of community, cheerful neighbourhoods and parks. Plus, they have capacious and good schools, making suburbs attractive to people with families or those planning to have children.

If you are among them, here is a list of the best suburbs across Australia that you can consider for having a home. If you do wish to buy or sell a property in these areas or any other region of Australia, feel free to call or email us for availing our property valuation and advisory services.

Sydney, New South Wales

Sydney is the international city of Australia and among the best places to live in the country are here, such as:

  • Hornsby
  • Oatley
  • Dulwich Hill
  • Jannali
  • Waverton

Melbourne, Victoria

Melbourne has always been close behind Sydney when it comes to growth and being a melting pot with several communities. It has a host of good suburbs such as:

  • St Kilda West
  • Albert Park
  • Port Melbourne
  • Caulfield
  • Elsternwick

Brisbane, Queensland

Brisbane is reckoned for its thriving lifestyle, food and affordability while it is a metropolitan city. Its popular suburbs include the following.

  • South Brisbane
  • Dutton Park
  • Spring Hill
  • Kangaroo Point
  • Corinda

Perth, Western Australia

Perth is a delightful and beautiful city. It is also a place with several flourishing suburbs among which the following are the best.

  • Stratton
  • Brookdale
  • Koondoola
  • Lockridge
  • Armadale

Adelaide, Southern Australia

Adelaide is another thriving capital city that provides its occupants a great lifestyle and has the following best suburbs.

  • Tennyson
  • Walkerville
  • Glenunga
  • Semaphore
  • Prospect

Canberra, Australian Capital Territory (ACT)

Canberra is also a popular city of Australia and over the years, its suburbs (mentioned below) have witnessed tremendous growth.

  • Barton
  • Yarralumla
  • Forrest
  • Deakin
  • Red Hill