Hot 100 suburbs to watch in 2023: Australia's best real estate prospects

The inaugural realestate.com.au Hot 100 has been released, identifying the suburbs around Australia with the best real estate prospects in 2023.

Compiled from the insights of a panel of industry experts – including the head of a major agency group, buyer's agents, researchers, and an academic – and complemented by PropTrack data and economic analysis, the exhaustive list is an independent overview of future growth drivers.

Cameron Kusher, director of economic research at PropTrack, said market uncertainty had increased in recent months due to the Reserve Bank's aggressive approach to interest rates.

“Despite the rapid increases in rates through 2022 and subsequently reduced borrowing capacities and lower home prices, there are still plenty of suburbs that offer great opportunities,” Mr Kusher said.

There have been gloomy headlines about price shifts, but Mr Kusher said there are locations around the country that will defy those broader market trends.

“That’s why it’s imperative that anyone thinking of buying does their own research to understand what drives a local market and how it is likely to evolve over the coming years.”

A panel of leading experts has nominated the 100 suburbs the sun is likely to shine on during 2023. Picture: Getty

---

Suburbs were nominated based on various mid- and long-term growth drivers, including:

• Affordability, either low prices suiting buyers on a budget or relative affordability compared to nearby suburbs
• Amenity, being the level of lifestyle pluses, from bars and restaurants to boutiques and parklands
• Family appeal, such as dwelling type, perceived safety and proximity to good schools
• Location, including proximity to the CBD or major hubs, or closeness to natural amenity like beaches
• Investment prospects, from rental market conditions to expected imminent upside
• Gentrification, being the changing face of a suburb
• Population growth, representing a projected increase in the number of locals
• Demographic change, indicating a shift from the current make-up of residents, for example young families replacing downsizing elderly locals
• Infrastructure, looking at major investments in projects that will benefit the suburb or surrounds.

“Victorian suburbs are most prevalent on the list, which may seem surprising given the larger price falls to date, but remember that migration is lifting in the state,” Mr Kusher said.

In Melbourne, price growth has been much more moderate since the onset of the Covid pandemic than in other capitals due to long and repeated lockdowns in 2020 and 2021, he added.

“New South Wales and Queensland suburbs are also prevalent on the list, which speaks to the medium- to long-term fundamentals of these markets, where supply is low and demand is strong.”

2023 trends: Affordability, amenity, growth

PropTrack economist Anne Flaherty said a number of trends were evident when examining the Hot 100 list.

"Many suburbs were selected based on their affordability, which is a key concern of some buyers currently active in the market," Ms Flaherty said.

"Livability was another key driver of selection, with references to amenity, infrastructure, and family appeal. Since the onset of Covid, people place higher importance on lifestyle.

"And opportunities for future growth were also important, with many of the experts choosing stand-out suburbs based on their solid investment prospects, a growing population, or undergoing gentrification."

Risk-taking investors looking for the quick gains that were prevalent during 2021 when markets boomed are likely to be disappointed, Mr Kusher warned.

“Remember that housing should be seen as a long-term asset class because of its illiquid nature, and like any asset class, the value of a property will fluctuate over time,” Mr Kusher said.

“It’s about purchasing the right property at the right price, rather than buying or selling because that’s what the herd is doing.”

Jump to your state or territory

• New South Wales
• Victoria
• Queensland
• South Australia
• Western Australia
• Australian Capital Territory
• Tasmania
• Northern Territory

New South Wales

NSW suburbs accounted for 24 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Alexandria

If ever there was an example of successful urban renewal, Rich Harvey said it’s Alexandria in Sydney’s inner south.

“It’s gone from being heavy with light industry to trendy and hip in a short space of time,” Mr Harvey said.

Development has seen ugly old sites replaced with considered boutique apartments, while a smattering of original heritage homes have been lovingly restored.

Alexandria is home to uber-popular precinct The Grounds. Picture: The Grounds of Alexandria

---

Continuing gentrification has given the suburb a thriving hospitality scene. It’s home to the popular precinct The Grounds.

And the jewel in its crown is majestic Sydney Park - a 41ha community space of rolling hills, waterways and recreational facilities.

“It’s great for everyone, from families to young professionals and singles,” Mr Harvey said. “It has great connectivity, decent proximity to the beach, and good value homes.”

Nominated for: Gentrification, location, demographic change

Arncliffe

For those looking for a slice of inner-west life without the hefty price tag, the Sydney suburb of Arncliffe offers an alternative, Michelle May said.

“It’s just south of the Cooks River and has a rail connection to the CBD, making it a very convenient place to live,” Ms May said.

A flurry of development and the start of gentrification is seeing a demographic shift.

“Despite going through rapid change, it still offers great value for money,” Ms May said.

This spectacular five-bedroom duplex at 38a Stanley Street, currently on the market with a guide price of $1.8 million, is indicative of the new builds popping up.

“Most houses are semi detached or single residential dwellings, so they make the perfect option for young couples who need a little bit more space for their growing families.”

Take this renovated four-bedroom brick home at 21 Duff Street, which is asking $1.45 million.

Nominated for: Affordability, gentrification, location

Ashfield

Known as one of Sydney’s most vibrant and eclectic communities, Ashfield is a suburb in the midst of change, Michelle May said.

“I believe this is the next Marrickville,” Ms May declared. “It wouldn’t surprise me if it was to pop up in Time Out’s coolest suburbs list in the next few years.”

Infrastructure investment has been strong, with the upgrade of the local shopping mall, a new aquatic centre, and a facelift of the local High Street.

“The latter has a wide array of delicious food outlets and bars,” she said.

Getting into the city or out west to Parramatta and beyond is easy via Ashfield’s rail link, and the station has undergone an upgrade recently.

“Many tree-lined streets have original Art Deco or Federation homes up for grabs, including ones ripe for renovation. The local schools are great, which will draw in families.”

Nominated for: Gentrification; demographic change; location

Cessnock 

Canny investors priced out of other Hunter District suburbs, such as those around Lake Macquarie and Newcastle, have been turning their sights inland.

Cessnock has all the features loved about the region, including tight-knit communities, stunning scenery as well as easy access to world-class wineries, Pete Wargent said.

Cessnock is surrounded by natural beauty - and in a highly desirable spot. Picture: Getty

---

It's perfect for buyers looking to make a tree change or cash in on the influx of those escaping the big smoke.

Mr Wargent said Cessnock has the advantage of affordable entry-level houses and remains within the gravitational pull of Sydney.  

“It’s also about 50km from Newcastle, which is a major growth city in its own right,” he said. 

Nominated for: Affordability, amenity, location

Claremont Meadows

There’s a reason buyers have been flocking to this suburb, about 45km west of Sydney, for the past few years, Kate Hill said.

“Homes are still relatively affordable in Claremont Meadows, as far as Sydney goes,” Ms Hill said. “But you get proximity to good schools, nice parks, and connectivity with Penrith, Parramatta and the Sydney CBD.”

A new subdivision targeting family buyers is about to commence sales, showing the continued strength of the market.

In the meantime, modern brick homes are snapped up almost as soon as they hit the market, like 6 Pampas Close, which had a guide of $889,950 to $949,500 and just went under contract.

Nominated for: Affordability, investment prospects, family appeal

East Tamworth

There are big things on the cards for this major regional city, thanks to a rapidly growing population and a number of big-ticket infrastructure projects, Scott Aggett said.

And the suburb of East Tamworth boasts good growth prospects thanks to its affordable median house price and an extremely low vacancy rate.

The housing market in Tamworth has been running red hot. Picture: Getty

---

“There are good opportunities to negotiate below market value at this point in the cycle,” Mr Aggett said.

“Our target in this region is for detached housing with renovation potential and future development upside that can be capitalised on as the population grows.”

Key infrastructure projects of note are the $1.3 billion Dungowan Dam and pipeline upgrade, the $1.2 billion inland rail project, and the $100 million Global Gateway Park, he added.

Nominated for: Population growth, infrastructure, investment prospects

Frenchs Forest

When it comes to finding a family home in Sydney that doesn’t cost an arm and a leg, Frenchs Forest in the northwest of the city offers potential, Rich Harvey said.

Price tags are still eye-watering for many properties, but it’s comparatively cheaper than nearby popular pockets.

As its name suggests, this is a leafy pocket with nice homes on good-sized blocks, a stone’s throw from pristine bushland but with a high level of convenience, Mr Harvey added.

“It’s well connected via public transport. There are some major improvements, including a new hospital, a recently completed road upgrade, and a mooted new town centre.”

Nominated for: Family appeal, location, amenity, infrastructure

Glenmore Park

As housing affordability has worsened, more and more buyers have turned their focus to Penrith.

While it’s a trek to the Sydney CBD, transport links are good – and the region has plenty of its own amenities to service locals, as well as good economic drivers, Kate Hill said. 

“As far as Sydney goes, real estate in Glenmore Park is affordable,” Ms Hill said. 

“Penrith is also undergoing gentrification as the population grows, so future price growth prospects in suburbs like these are solid.”

A low rental vacancy rate is attracting investors in search of strong yields, she added.

Nominated for: Affordability, infrastructure, gentrification, investment prospects

Hurlstone Park

Sydneysiders might struggle to find this “quiet sleeper suburb” on a map, Michelle May admitted.

“But Hurlstone Park has so much potential for growth in the coming years,” Ms May said. “It’s tightly held and there are usually less than 30 homes that trade each year. Those that do have good prospects, so new listings are well worth considering.”

Houses here sit on larger parcels of land and tend to be beautiful period dwellings, she said. A train station offers good connectivity and a “cute little strip of shops” gives Hurlstone Park a village feel.

Nominated for: Location; affordability; gentrification

Kingsford 

Kingsford was renamed in honour of aviation pioneer Sir Charles Kingsford Smith in 1936, and fittingly it's very conveniently located near the airport. 

Surrounded by the beachside suburbs of Coogee, Clovelly and Maroubra, Pete Wargent said this landlocked suburb enjoys comparative affordability while benefitting from easy access to beaches.

Kingsford has an array of housing options, from units and modern homes to character-filled heritage properties. Picture: realestate.com.au/sold

---

It’s much quieter than neighbouring Randwick, with less than half the number of people, but slightly more populous than Kensington. 

Nominated for: Affordability, amenity, location 

Kingswood

Investors searching for an affordable purchase price, good rent returns, and stable yields need look no further than Kingswood in Penrith, Kate Hill said.

It might look a little rough around the edges, but peek beneath the surface and you’ll see the signs of renewal.

Penrith’s rapid growth, major infrastructure projects, strong local economy and good connectivity make it a region worth focusing on, Ms Hill said.

This tidy two-bedroom flat at 18/17-19 Santley Crescent had a guide price of $269,000 to $299,000 before it recently went under contract. The rent appraisal is $320 per week.

Investors with a bigger appetite can find plenty of development prospects, like 2 George Street – an enormous 1779sqm parcel of land that’s destined for big things.

Nominated for: Affordability, infrastructure, gentrification, investment prospects

Marrickville

If you haven’t heard of Marrickville in Sydney’s inner-west, Michelle May wants to know where you've been hiding.

“It was voted one of the coolest suburbs in the world by Time Out and it hasn’t looked back since,” Ms May said.

This old immigrant community retains much of its cultural charm and is renowned for its Vietnamese and Greek eateries, but now possesses an infectious youthful vibe.

“It’s also a destination suburb for microbreweries,” Ms May said. “That’s a clear indication of its cool status.”

Suburbs don't come much cooler than Marrickville in Sydney's inner-west. Picture: Getty

---

There’s an array of housing types on offer. Buyers can find modern units, like this two-bedder at B304/359 Illawarra Road for $850,000, or humble cottages with reno potential, like this two-bedder at 6 Harriet Street that has an asking price of $1.38 million.

A number of new builds are popping up, such as a brand-new designer duplex with four bedrooms and three bathrooms at 28 Francis Street, on the market for $2.2 million.

“With the Cooks River and its parkland foreshore to the south, the suburb’s proximity to the city and great schooling options, families and young professionals continue to flock here.”

Nominated for: Amenity, location, family appeal, gentrification

Matraville

A seaside location, family-friendly streets, older-style homes crying out for renewal, and a prized location in Sydney’s eastern suburbs – what’s not to love about Matraville?

Rich Harvey said the suburb is in the midst of major gentrification, as buyers priced out of better-known beach suburbs move in.

“It’s quite well-regarded by families given its wide streets, quiet reputation and pleasing lifestyle,” Mr Harvey said.

“There’s particularly good value to be found in new, modern and large semis on decent-sized blocks.”

Nominated for: Location, family appeal, gentrification, amenity

Mayfield

Big things are on the horizon for the relatively affordable Newcastle pocket of Mayfield, Ben Plohl said.

"Mayfield is a rapidly gentrifying suburb, offering a vibrant inner-city lifestyle,” Mr Plohl pointed out. “It’s also a great investment option for serious investors.”

The suburb has a wide range of modern amenities available to residents and is close to a TAFE campus.

It’s also well connected to the Newcastle CBD via bus and train.

Nominated for: Affordability, gentrification, investment prospects

Mona Vale

This Northern Beaches suburb might just boast one of the best locations in Sydney, Rich Harvey said.

“Mona Vale has got access to surf beaches, coastal walks, national parks, the Pittwater, and popular golf courses,” Mr Harvey said.

“There’s good transport via bus into the Sydney CBD, plus the major Mona Vale Road upgrade is nearing completion. There’s a boutique retail precinct and some great cafes, plus all the big-ticket shopping amenities you’d expect.” 

Many homes in Mona Vale come with stunning views. Picture: realestate.com.au/sold

---

Add to that homes on good-sized blocks in friendly and safe streets, perfect for families, and you’ve got yourself a winner, Mr Harvey declared.

Nominated for: Location, amenity, family friendly

New Lambton

This blue-chip middle ring suburb of Newcastle has a village vibe in a leafy, central setting that attracts an array of residents, Rich Harvey said.

“New Lambton ticks a lot of boxes – good schools, good shops, public transport, and some of the best parks in the city,” Mr Harvey said.

It’s also close to John Hunter Hospital and Newcastle University, he added, underpinning its housing demand prospects.

“Thanks to the generally high quality of the original housing stock in the area, it’s a renovators’ paradise,” he said. 

“You’d be hard-pressed to find a New Lambton street where a tidy 1950s-era cottage hasn’t been transformed into a large contemporary family home that subsequently attracts asking prices above $1 million.”

Nominated for: Location, family friendly, amenity

Paddington

Famed as a chic inner-city enclave with a host of cafes, restaurants, bars and boutiques, Paddington “has it all”, Dan White said.

“Among the hip bistros and bars are a beautiful selection of Victorian terrace homes,” Mr White said.

Paddington is a thriving suburb in Sydney's inner-east. Picture: Getty

---

Despite strong property price rises in recent years and a high median, he believes there’s still plenty of room for long-term growth.

Recent bumper sales results for original-style dwellings show continued interest among renovators. That continued gentrification will cement Paddington as one of Sydney’s best blue-chip suburbs.

Nominated for: Location and amenity

Prestons

Southwest of Sydney in a major growth corridor sits the suburb of Prestons, which is increasingly sought-after by first-home buyers and families wanting a bit of a yard, Kate Hill said.

“The population has grown rapidly in recent times and despite its increasing popularity, it’s still relatively affordable by Sydney standards,” Ms Hill said.

Gentrification is beginning, with renovations underway on many older-style homes throughout the area, she added.

And for investors, a low vacancy rate and strong demand can deliver a solid yield.

Nominated for: Affordability, population growth, investment prospects

Quakers Hill

When people think of Sydney’s hottest real estate markets, the outer suburb of Quakers Hill probably doesn’t spring to mind.

But Dan White said the leafy pocket has cemented itself as a go-to for many homebuyers.

“It’s very popular with families in particular,” Mr White said. “Those looking to raise their kids in a nice home on a big block near parks and good schools have been flocking to Quakers.”

Families are flocking to Quakers Hill in search of quality homes with relatively affordable prices. Picture: realestate.com.au/buy

---

Its relative affordability compared to better known parts of the Hills District gives buyers more bang for their buck, he added.

And it has good transport links to Parramatta, Penrith and the Sydney CBD via road, bus and rail.

Quakers Hill was also picked by Ben Plohl.

Nominated for: Location, amenity, family appeal

South Penrith

West of Sydney in Penrith is a pocket that’s increasingly on the radar of investors thanks to gentrification.

The comparatively affordable housing market in South Penrith is providing a decent alternative for those would-be buyers priced out of suburbs further east, Ben Plohl said.

Families on a budget have been out in force in recent times, but so have investors chasing healthy rental returns, Mr Plohl added.

“A proven performer for savvy investors, South Penrith offers good yields and strong capital growth prospects,” he said.

This suburb was also picked by Kate Hill.

Nominated for: Gentrification, family appeal, affordability

St Clair

Drive 45 minutes west of Sydney and you’ll find the suburban oasis of St Clair, where friendly locals greet you with a smile and remember your name, Kate Hill said.

“It’s got a great level of amenity, including a bustling local shopping centre,” Ms Hill said.

“Families like this pocket because it’s safe and peaceful – a really good place to raise kids. And the homes here are affordable by Sydney standards.”

Nominated for: Affordability, family appeal

Turramurra

This prestigious Upper North Shore beauty is the epitome of high-end suburban living, making it popular with families who have money to spend.

“There are great schools in the area, and Turramurra High School in particular is extremely well-regarded,” Dan White said.

“Big homes on big blocks are a major attraction for buyers. Properties like that are snapped up quickly when they hit the market.”

Big homes on big blocks dominate Turramurra. Picture: realestate.com.au/sold

---

A high level of amenity provides all that residents could want or need, but the suburb is also close to Macquarie Park Shopping Centre.

Nominated for: Family appeal and amenity

Tweed Heads

Sitting on the NSW border with Queensland, Tweed Heads has plenty going for it, which is probably why so many southerners flocked there during Covid.

That influx has spurred gentrification in many pockets, giving the suburb a new buzz.

“It’s an attractive [investment] area for a number of reasons, starting with the low levels of new land supply, strong demand, a low vacancy rate… and a healthy median price,” Scott Aggett said.

As well as offering an idyllic lifestyle, it’s just down the road from the Gold Coast - and less than an hour up from holiday hotspot Byron Bay.

On top of that, a flurry of major infrastructure projects are underway, including the new $720 million Tweed Valley Hospital and the $347 million expansion of Gold Coast Airport next door.

Nominated for: Amenity; gentrification; population growth; investment prospects

Yamba

Buzz has been building about this beach town for a while now, with some even seeing it as a future rival to pricey and prestigious Byron Bay.

The seaside village of Yamba is booming in popularity. Picture: Getty

---

“It’s been a lovely coastal holiday destination for generations,” Dan White said. “Yamba has world-class surf breaks, great fishing, and excellent national parks. Plus it’s home to great events like Cool Sounds and the Clarence Tunes Festivals, plus the Yamba Triathlon.”

Picturesque beaches draw in sea-changers and those in search of a weekender, but the surrounding forest to the west is just as stunning, he added.

As well as being an achievable six-hour drive from Sydney, it’s just four hours south of Brisbane.

Nominated for: Amenity

Victoria

Victorian suburbs accounted for 29 spots in the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas.

Alfredton

All eyes are on the Victorian town of Ballarat since it was named Australia’s fastest-growing inland city and one of the country’s most liveable regional centres, Kate Hill said.

“The suburb of Alfredton, just west of the CBD, is quite an affordable pocket,” Ms Hill said. “Its low vacancy rates and good yields make it a strong option for investors to consider too.”

Ballarat is one of four hubs set to host events for the 2026 Commonwealth Games, which should spark some infrastructure investment and broader improvements, she added.

Nominated for: Investment prospects, gentrification, location

Altona

The beachside suburb of Altona has become increasingly popular in recent years thanks to its exceptional location, Dan White said.

“It’s becoming very sought-after given its close proximity to the city and better affordability compared to other beachside areas to the east of Melbourne,” Mr White said.

Altona boasts convenient transport options, a good selection of local schools, and desirable lifestyle amenities.

Nominated for: Affordability, amenity and location

Ballarat Central

Regional centres boomed during Covid as people reassessed how they want to live and realised the allure of a town that’s still close to the city.

Many of the Melburnians who fled the city during Covid wound up in towns like Ballarat. Picture: Getty

---

Miriam Sandkuhler said Ballarat Central benefited, with strong demand from tree-changers as well as local buyers.

“Ballarat Central is a great place to live and residents enjoy a truly ‘walkable neighbourhood’ that’s close to the lively CBD, surrounded by parks and good schools, and near excellent transport links to Melbourne," Ms Sandkuhler said.

Would-be buyers can find an array of property options, including some beautifully restored character homes like this three-bedroom beauty at 307 Eyre Street, which fetched $585,000 earlier this month.

Nominated for: Location, amenity

Balwyn North

Continued demand for premium family homes will see this prestigious Melbourne suburb perform well next year and beyond, Dan White said.

“Balwyn North is consistently ranked among the city’s best and most affluent suburbs,” Mr White pointed out.

As well as having a number of parks, it’s bordered by golf courses to the north and near great public and private schools, he said.

While activity at the top end of markets in many cities has stalled on the back of interest rate hikes, Balwyn North has seen a number of recent big-ticket sales.

A four-bedroom home at 1 Ardgour Street sold in early December for $2.5 million, while a modest two-bedder on 576sqm at 78 Mount View Road that was marketed as a knockdown fetched $1.81 million.

Nominated for: Family appeal

Belmont

With the satellite city of Geelong increasingly favoured as an affordable alternative to Melbourne, suburbs like Belmont are stepping into the spotlight, Miriam Sandkuhler said.

“It’s in a convenient location with a high degree of amenity,” Ms Sandkuhler said. “Belmont offers some great housing options, including nice homes on generous blocks, appealing to families and investors.”

The suburb is well-serviced by public transport, in good proximity to schools, and has a High Street shopping strip and parks.

Nominated for: Location, amenity, family appeal, investment prospects

Berwick

Located in Melbourne's southeast, Berwick is well-connected to the CBD via train and bus and has a wide range of properties to choose from, Kate Hill said.

“There’s something for almost everyone, from modern apartments to character houses,” Ms Hill said.

Berwick offers an enticing lifestyle for homebuyers. Picture: Ray White Cranbourne

---

Its proximity to a university campus and a large medical precinct means it attracts a healthy number of renters looking to be close to work or school, making it attractive to investors.

“It’s affordable, gentrified, and is popular with families due to its amenities and proximity to good schools," Ms Hill said.

"It’s set to become a major urban employment hub and key health and education precinct, which is sure to attract more residents.”

Nominated for: Investment prospects, location, family appeal

Bundoora

Those looking to invest in Bundoora in Melbourne's northeast have a few solid options to consider, Miriam Sandkuhler said.

“I suggest targeting either family homes on a decent-sized block, or alternatively villas or units with two bedrooms that are close to the tram line,” Ms Sandkuhler said.

That’s because while Bundoora has some amenities of its own, it’s the suburb’s proximity to La Trobe University’s campus as well as popular shopping and entertainment strips in Northcote that make it a future big-hitter.

Nominated for: Location, investment prospects

Cranbourne 

Cranbourne is an appealing suburb for those emigrating from India, England and New Zealand, according to Pete Wargent.  

Green and community spaces have been created recently to support the large number of new homes constructed in the area. 

“From golf clubs and the racecourse to restaurants, and plenty of nearby shopping centre action, there’s a lot to keep a family busy in the area,” Mr Wargent said. 

Demand remains high while the median price remains relatively low for this well-connected area. 

This suburb was also picked by Kate Hill. 

Nominated for: Affordability, family appeal 

Dandenong North 

Eclectic and diverse Dandenong North is one of the only Melbourne suburbs that saw a surge in demand during the pandemic, Pete Wargent pointed out. 

A continuing desire to get out of town will see commutable pockets remain in demand. Picture: Getty

---

While this has softened recently, alongside broader market trends, Mr Wargent believes flexible working arrangements mean places like Dandenong North will continue to benefit from a reduced need to commute to the office.  

The supply of new homes in the pipeline over the next 24 months remains low, and owner-occupiers dominate the suburb, he added. 

Nominated for: Affordability 

Deer Park

Good homes on peaceful streets near top schools and convenient amenities... for a reasonable price? It’s possible in Deer Park, Kate Hill said.

“It’s a very easy part of Melbourne to live in,” Ms Hill said. “There are good public transport connections to the city via bus and train, and the new Melbourne Airport Rail Link will be close by.”

First-home buyers and young families are prioritising Deer Park thanks to its relative affordability, such as this three-bedroom modern home at 80 Duncombe Park Way that sold for $647,000 earlier this month.

Good rental demand delivers consistent yields for investors too, Ms Hill said.

Nominated for: Affordability, investment prospects

Ferntree Gully

This outer Melbourne suburb might not be in the thick of it, but Miriam Sandkuhler said there are a few factors that “explain its growth potential”.

“Affordability is the key in Ferntree Gully,” Ms Sandkuhler said. “But so is its good proximity to rail transportation.

“It’s also a beautiful place to live, with mountain views and access to parks and reserves.”

Nominated for: Affordability, amenity

Footscray

Few suburbs come cooler than this inner-western icon, Miriam Sandkuhler said.

Footscray is home to some epic homes, like this recently sold warehouse conversion. Picture: realestate.com.au/sold

---

“While it boasts excellent proximity to the CBD, Footscray has plenty of its own stuff going on to crow about and is rapidly developing as a major employment, shopping and dining hub,” Ms Sandkuhler said.

“Buyers need to exercise discretion though as there’s a wide variety of housing quality to be found.”

Nominated for: Location, amenity

Forest Hill

Miriam Sandkuhler picked Forest Hill because it offers buyers everything that’s prized about eastern suburbs living “but at a slight discount compared to neighbouring areas”.

Take this character-filled home boasting four bedrooms and sitting on a 626sqm block at 1 Wandin Court, which had a price guide of $1 million to $1.1 million and just secured a contract.

“Forest Hill has nice homes on good-sized blocks that are close to great parks, regarded schools and excellent shopping,” Ms Sandkuhler said.

There’s also a flurry of development bringing brand-new homes to the market, like apartment project Max with prices starting at $469,000.

Nominated for: Affordability, family appeal, amenity

Frankston

Forget what you think you know about Frankston, which some people still have a misplaced opinion about, Miriam Sandkuhler said.

“It’s been unfairly maligned for too long,” Ms Sandkuhler said.

“Here you can get great bayside living, a stellar location, excellent transport, proximity to good schools, a thriving local economy, and a variety of reasonably affordable housing types.”

Negative perceptions about Frankston are outdated. Picture: Getty

---

Its lower price tags are bringing in younger buyers who are sparking a demographic shift, while gentrification is helping to change the face of the suburb, she added.

Nominated for: Location, affordability, gentrification, demographic change

Geelong West 

Pete Wargent said Geelong West continues to benefit from hybrid working arrangements given its proximity to Melbourne – an hour’s journey by car and not much more by train.  

It was only a decade ago that Geelong suffered several high-profile industry closures, which stifled economic growth and flowed through to the property market.  

But it has gone from strength to strength, Mr Wargent said, and Geelong West has good prospects due to its proximity to the water and relatively affordable property prices.  

Nominated for: Affordability 

Glenroy

The ripple effect of gentrification is set to inundate Glenroy in Melbourne’s northern suburbs, Miriam Sandkuhler said.

“It enjoys an affordability advantage over similar areas nearby like Pascoe Vale,” Ms Sandkuhler said.

Properties really generating a lot of attention are old homes on big blocks that are ripe for redevelopment.

Take 73 Farview Street, a dated three-bedroom cottage on 591sqm that sold in early December for $885,000, or 77 Glen Street, a three-bedder on 696sqm that fetched $700,000.

“Glenroy has good public transport and motorway links and some good shopping and dining,” Ms Sandkuhler said.

Nominated for: Gentrification, affordability, location

Hadfield

Miriam Sandkuhler has declared this northern suburb “a Brunswick of the future” set to be sought-after among younger buyers.

“Hadfield is a great option for those on a budget in particular,” Ms Sandkuhler said.

The arrival of a younger demographic will spark generational change and urban renewal, she predicted.

One thing keeping prices comparably lower is the plethora of unrenovated mid- and late-20th Century homes, she added. There’s a wide selection of newer builds too, from designer homes to sleek townhomes and low-density units.

Nominated for: Gentrification, affordability, demographic change

Heidelberg Heights

Things have changed quickly in this once down-on-its-luck northern suburb, Miriam Sandkuhler said.

“Heidelberg Heights is gentrifying pretty rapidly thanks to its relatively affordable home prices, which is bringing in younger buyers and families who want more home for their money,” Ms Sandkuhler said.

There’s been a great deal of development activity, with chic townhomes and villas popping up in place of daggy old homes, she added.

Take this designer three-bedroom home at 3/99 Haig Street, with all of the latest mod-cons, which sold for $825,000 last month.

Expect more of that street-level urban renewal with the sale of properties like this four-bedroom house at 8 Eden Street on a 778sqm block that sold with approved plans for four townhouses for $1.15 million last month.

“The area’s proximity to the expanding Austin Hospital precinct will underpin demand moving forward,” Ms Sandkuhler said.

Nominated for: Gentrification, affordability, infrastructure

Highett

Miriam Sandkuhler said Highett is a book you should judge by its beautiful cover.

“It has lots of high amenity streets, a picturesque bayside location, good local schools and great shopping,” Ms Sandkuhler said.

Highett boasts an array of shops, cafes, restaurants and bars. Picture: realcommercial.com.au

---

It’s very family friendly thanks to its leafy streets, friendly feel and proximity to good schools, she added.

“Best of all, it enjoys a price advantage compared to ritzier neighbours of Sandringham and Black Rock.”

An example of this is a four-bedroom home at 32 Wilson Street in a desirable parkside location, sitting on 600sqm, which sold for $1.4 million earlier this month.

Nominated for: Family appeal, affordability

Kangaroo Flat

This Bendigo suburb has good capital growth prospects thanks to its increasingly desirable location and good rental yields, Miriam Sandkuhler said.

“Kangaroo Flat is a newer area with quality homes,” Ms Sandkuhler said. “It’s in a convenient location close to Lansell Square Shopping Centre, Gurri Wunyarra Health Centre, and good schools and sporting facilities.”

This suburb was also picked by Kate Hill.

Nominated for: Family appeal, investment prospects

Keilor East

Every man and his dog is after a piece of the action in Keilor East in Melbourne’s northwest, Miriam Sandkuhler said.

“It’s in hot demand with families but developers are also out in force, looking for old homes on larger blocks that they can build townhomes on,” Ms Sandkuhler said.

Buyers on a budget can snap up an older style but tidy home, like this three-bedder at 30 West Gateway, which sold for $770,000 in November.

Keilor East's family appeal is strong. Picture: realestate.com.au/sold

---

Or there are those newer builds with all the bells and whistles, like this modern three-bedroom townhome at 6 Belle Vista, which fetched $665,000 last month.

“Keilor East is feeling the bridesmaid effect coming from Essendon and Aberfeldie. It has good local schools and will benefit from a new Airport Rail Link station too."

Nominated for: Family appeal, infrastructure

Kennington

This Bendigo suburb is just a few kilometres from the CBD and on what locals call “the Melbourne side of town”, Kate Hill said.

But Kennington’s position next to La Trobe University’s campus makes it sought-after among students, drawing the attention of investors.

“The current rental vacancy rate is low and based on typical average prices, landlords can expect about a 4% yield,” Ms Hill said.

“The suburb is well-serviced by shops and has a number of good schools. It’s landlocked with no real available land for new development.”

Nominated for: Affordability, investment prospects

North Melbourne

This little slice of the urban landscape has been somewhat left behind, missing out on the gentrification and renewal that have transformed its neighbours, Miriam Sandkuhler said.

But the future looks bright for North Melbourne, as its relative affordability draws in younger buyers looking for a bargain.

Their arrival, as well as the development of the new Metro, will spark gentrification that should lift the whole suburb.

“The expanding biomedical and hospital precincts nearby will also underpin demand,” Ms Sandkuhler said.

Development activity is picking up and some big-ticket projects are underway, like Florenze Terrace at 34 Little Dryburgh Street which offers four-bedroom designer townhomes for about $1.79 million.

Nominated for: Location, affordability, gentrification, infrastructure

Pakenham 

The southeast Melbourne suburb of Pakenham is a fast-growing region enjoying improvements in infrastructure and access to green spaces, Pete Wargent said.  

The population ballooned by more than 15% between the 2016 and 2021 Censuses, reflecting the uptake of new housing developments.  

Pakenham is rising in popularity, particularly among first-home buyers. Picture: Getty

---

But it remains affordable, Mr Wargent said, and is a convenient place to live with good train and road connections. 

"The new supply of houses in the pipeline is modest and rental vacancy rates are very low.”

Nominated for: Affordability 

Reservoir

Demand for homes in this north Melbourne pocket has been strong over the past few years, but Miriam Sandkuhler said Reservoir still has fuel left in the tank.

“Young families, first-home buyers and investors looking for healthy yields have driven the exceptional popularity,” Ms Sandkuhler said.

Reservoir boasts good schools, a picturesque lake and park, good connectivity, and great cafes and restaurants. 

The relative affordability of homes, renewal sparked by renovations and gentrification, and good services in the area will see it weather any major market fluctuations, Ms Sandkuhler said.

Nominated for: Family appeal, amenity, location

Ringwood

This previously overlooked part of Melbourne is rapidly emerging as an eastern suburbs hub thanks to its good connectivity, Miriam Sandkuhler said.

Locals in Ringwood have a train station and the Eastlink to get them where they need to go with ease, Ms Sandkuhler pointed out.

An extensive shopping district and an array of comparably affordable homes add to its appeal to would-be homebuyers.

“There are a number of family homes and some solid two-bedroom villa units that are worth a look.”

Nominated for: Location

Sunshine West

This part of Melbourne hasn't had the best reputation, Kate Hill admits.

Sunshine West often gets tarred with an unpleasant brush and has been known in the past for a high crime rate, but things are slowly changing.

Affordability pressures in markets closer to the city are seeing buyers pushed out, bringing with them demographic change.

“This part of Melbourne will benefit from being near the route of the Melbourne Airport Rail Link, which will improve connectivity,” Ms Hill said. “The Victorian Government has also devised a planning vision for Sunshine to be a National Employment and Innovation hub.”

Until then, it offers affordable homes, signs of urban renewal, and low vacancy rates for investors.

Nominated for: Affordability, infrastructure, gentrification, investment prospects

Sydenham

Situated in Melbourne’s northwest is Sydenham, a traditional suburban enclave undergoing change as the search for affordable homes puts it on buyers’ radars, Kate Hill said.

“Urban renewal is occurring and this will change the face of the area and lift it up,” Ms Hill said.

Older homes and infill sites are being replaced with modern developments of homes, villas and low-density units.

A flurry of residential developments, like Emerald, are sparking urban renewal. Picture: realestate.com.au/new-apartments

---

The Emerald project, a gated community of designer townhomes in close proximity to schools, shops and transport links, has proven to be popular and is 40% sold.

Nominated for: Affordability, gentrification, investment prospects

Taylors Lakes

This is one of those Melbourne suburbs that surged in popularity during the Covid era as people searched for bigger and more comfortable homes away from the rat race.

“Taylors Lakes fits the bill perfectly,” Kate Hill said.

It offers safe and family-friendly neighbourhoods, mostly modern and comparably affordable homes, and a peaceful way of life.

There are a range of property types to suit all buyers. 

Take this three-bedroom brick family home at 23 Moonie Close, which has a price guide of $900,000 to $990,000, or this three-bedroom villa at 1/40 Lady Nelson Way with a guide of $630,000 to $670,000.

Nominated for: Affordability, population growth, family appeal

Queensland

Queensland suburbs accounted for 24 places in the Hot 100 comprising a mix of inner-city, outer-suburban and regional areas.

Bli Bli

It’s a bit bush, it’s a bit beach, and it’s a stone’s throw from all of the urban convenience the Sunshine Coast has to offer, which Kate Hill said makes Bli Bli a good bet.

“Like other parts of the Coast, it’s seen its population grow sharply over the past few years, with homebuyers drawn to its semi-rural feel,” Ms Hill said.

The suburb is near the beach, airport, and wetlands, making its lifestyle offering enticing.

“Bli Bli also has a low vacancy rate and good yields, considering it’s a pricey area, making it a go-to for investors,” she said.

Nominated for: Investment prospects, location, amenity

Boondall 

The north Brisbane suburb of Boondall enjoys a semi-rural feel in a highly convenient location, Pete Wargent said.  

Enjoying easy access to the city via train, while also remaining quiet and family friendly, Boondall residents could have even more to love with a proposal to upgrade the Brisbane Entertainment Centre.  

The long-overdue development of the Brisbane Entertainment Centre could mean big things for Boondall. Picture: Creative Commons

---

Mr Wargent explained the suburb is still relatively affordable, and homeownership rates are at 75%. 

“The area is steadily gentrifying and becoming more affluent over time, and there's only a very low supply of new family appropriate homes in the pipeline, which will underpin price growth over time.” 

Nominated for: Affordability 

Bracken Ridge 

For those looking for affordability and a peaceful vibe, Bracken Ridge promises to deliver in both categories. 

Sandgate's foreshore is just 10 minutes away by car, and there's great access to the city by car or train, as well as good schools and shops.

Pete Wargent said the area is gentrifying quickly, with a low supply of new homes in the pipeline. 

“There’s also a shortage of quality rental properties available, a very low vacancy rate, and a very strong rental market,” Mr Wargent said 

Nominated for: Affordability, family appeal 

Burleigh Heads

Back in the day, this Gold Coast suburb had a reputation for being a little bit dull - old homes, older residents, and not a great deal else.

“Burleigh Heads is no longer a sleepy surf suburb but one of the hottest pockets on the Goldie,” Dan White said. “That said, it’s retained its laid-back lifestyle.”

There's a lot to love about picturesque Burleigh Heads. Picture: Getty

---

A flurry of high-end developments has brought in a new demographic, who’ve helped underpin support for a thriving hospitality scene and improved lifestyle amenities.

On top of that, "great bush walk trails on the headland, good surf, and a picturesque beachside location" add to its strong appeal, Mr White said.

Nominated for: Location, amenity

Crestmead

Sitting in the Logan region south of Brisbane is the suburb of Crestmead, which has recently swung into firm favour with first-home buyers, Kate Hill said.

Its relative affordability lets those on a budget get more for their money, Ms Hill added. For about half-a-million dollars, you can get a modern brick home like this four-bedder at 75 Julie Street inviting offers over $499,000.

“It’s popular with investors too given its lower prices and healthy yields,” Ms Hill said.

The redevelopment of old light industrial sites in the area has begun, which will improve housing options and spark broader urban renewal, she said.

Nominated for: Affordability, gentrification, investment prospects

Deception Bay

The name of this southeast Queensland suburb is a little jarring when first hearing it, but Kate Hill said it’s worth casting aspersions aside.

Situated in Brisbane’s outer north on Moreton Bay, and in decent proximity of the Sunshine Coast, Deception Bay offers a picturesque lifestyle at an affordable price.

“There’s a lot of natural beauty on offer, from the bay to wetlands and even a national park, plus a vibrant foreshore area,” Ms Hill said.

A number of options are on offer for buyers, from cheap villas like this three-bedder at 40/80 Webster Road, which sold for $380,000 recently, through to this sprawling five-bedroom house on 1870sqm at 7 Clerke Street, currently on the market for $889,000-plus.

Nominated for: Affordability, location, population growth, investment prospects

Eagleby

Sitting within the Logan region, the suburb of Eagleby is in the midst of transformation sparked by an influx of younger residents, Kate Hill said.

“Homes here are comparably more affordable, so buyers, particularly young families, get better bang for their buck,” Ms Hill said.

“As a result, the population is soaring and gentrification is well underway. There’s also a good level of infrastructure investment.”

Affordable homes have put Eagleby on the radar of buyers. Picture: realestate.com.au/sold

---

Across the City of Logan, there’s a whopping $18 billion worth of projects in the pipeline, including a $540 million upgrade of the hospital.

From an investment perspective, a low vacancy rate is seeing rent prices rise, delivering good yields.

Nominated for: Affordability, gentrification, infrastructure, investment prospects

Glenvale

The regional city of Toowoomba, less than two hours west of Brisbane, is having its moment in the sun thanks to a surging population and major infrastructure investment – and suburbs like Glenvale are benefiting, Kate Hill said.

Not only is this Australia’s second-largest inland city, but Toowoomba boasts the state’s second-strongest regional economy, generating $11.7 billion in Gross Regional Product in 2021-21, equating to 3.3% of the state's economy.

Affordable property prices are particularly attractive to young families, who can snap up modern brick homes on big blocks for less than half-a-million bucks. Take this four-bedroom, two-bathroom stunner at 6 Lexi Street, which just sold with a price guide of $499,000.

Nominated for: Infrastructure, population growth, investment prospects, affordability

Goodna

Just over halfway between Brisbane and the city of Ipswich is the rapidly growing suburb of Goodna.

It’s increasingly sought-after thanks to its relative affordability, strong transport links, and proximity to major employment nodes, Kate Hill said.

Its growing popularity, particularly with younger homebuyers, is sparking gentrification and giving the area a new lease on life.

Plus, a low vacancy rate is delivering good yields for investors, she said.

Nominated for: Affordability, amenity, infrastructure

Harristown

A Toowoomba suburb attracting attention is Harristown, right in the thick of it next to the CBD, Kate Hill said.

Its excellent location makes it popular with workers, while a selection of well-regarded schools – especially Harristown Primary – has it sought-after by families.

There's a diverse range of homes in the area, from modern brick builds to older-style properties, like this charming three-bedroom cottage at 22 Beelbee Street, which recently sold for $427,000.

“Toowoomba’s future is very bright,” Ms Hill said. “A massive program of infrastructure will lift the whole region, while its inclusion as an event host for the 2032 Olympic Games will also give it a new energy.”

Nominated for: Family appeal, affordability, population growth

Kearneys Spring

This leafy Toowoomba suburb has “everything you could ask for in a neighbourhood”, Kate Hill said.

“It’s bushy and it’s peaceful, the locals are very friendly and welcoming, and it’s a pleasant place to raise a family,” Ms Hill said.

The regional Queensland town of Toowoomba is growing rapidly. Picture: Getty

---

An easy commute to the CBD but a sense you’re a world away from it all, Kearneys Spring has become popular. Despite that, homes remain relatively affordable – like this four-bedroom brick home at 12 Whalan Court, which sits on a 600sqm block and sold for $460,000.

“It’s another suburb that will benefit from the city’s population growth and subsequent renewal,” Ms Hill said.

Nominated for: Infrastructure, population growth, investment prospects, affordability

Kelvin Grove

This inner-northern suburb of Brisbane is just 4km from the CBD and boasts charming character and period-style homes amid an urban renewal precinct.

Kelvin Grove Village provides locals with shops, cafes, restaurants, and supermarkets, Peter Koulizos pointed out.

“Kelvin Grove is very popular with uni students as the Kelvin Grove campus of Queensland University of Technology is located here,” Mr Koulizos said.

“This means it’s also a popular suburb for investors due to the potentially large pool of renters.”

Nominated for: Location, amenity, investment prospects

Mermaid Waters

Another Gold Coast suburb creating plenty of buzz is the high-end neighbourhood of Mermaid Waters, Scott Aggett said.

“It’s a tightly held location with strong owner-occupier appeal due to its close proximity to the beach, public transport and shopping centres,” Mr Aggett said.

The suburb is set to benefit from the $1 billion expansion of the light rail line from Broadbeach to Burleigh Heads, he added.

Homes that have been finished to a high standard continue to sell well, like the four-bedroom designer property at 25 Birigun Street, which fetched $2.96 million in late November.

Conversely, a four-bedroom home with plenty of room to add value with a renovation, located at 314 Rio Vista Boulevard, sold for $1.1 million in the same week.

Nominated for: Amenity, location, infrastructure

Morayfield

With affordable homes and good transport links to the Brisbane CBD, the airport and the Sunshine Coast, Morayfield is an increasingly attractive suburb, Kate Hill said.

“It sits within one of the fastest-growing local government areas in Australia, which is expected to have a population exceeding Tasmania’s in the next decade,” Ms Hill said.

Morayfield is an increasingly popular destination for young families and first-home buyers, thanks to developments like Kinma. Picture: realestate.com.au/new-homes

---

Moreton Bay Regional Council's Regional Economic Development Strategy has a goal of creating 100,000 more jobs across the LGA by 2041, which would bring an additional 240,000 people to the region and develop a $40 billion economy.

Until then, first-home buyers have good choices, like this tidy three-bedroom villa at 15/64-68 Michael Avenue with a guide price of $379,000-plus.

Families can also find an array of well-priced homes, like this modern four-bedroom brick dwelling at 2-4 Alpine Court, asking offers over $595,000.

Nominated for: Affordability, location, population growth, investment prospects

Nambour

Seen as the economic heart of the Sunshine Coast, Kate Hill said Nambour is at the beginning of an exciting new era.

“The economy is strengthening, the population is forecast to grow significantly, and there’s a big focus on job creation,” Ms Hill said. “On top of that, Nambour is a desirable place to live but has a somewhat more affordable housing market than suburbs closer to the ocean.”

Take this renovated three-bedroom Queenslander at 11 Hocking Street, which is inviting offers over $599,000 - much less than buyers would expect to pay a few suburbs east.

Nominated for: Population growth, amenity, investment prospects

Petrie

Offering a slice of bush life not far from the Brisbane CBD is Petrie, which Kate Hill said is a family friendly pocket with good long-term growth prospects.

“Buyers can get good bang for their buck in Petrie,” Ms Hill said. “It’s a leafy and pleasant area that almost feels semi-rural, but it’s commutable to the CBD and a stone’s throw from the best of Moreton Bay.”

Nominated for: Family appeal, amenity, location

The Range

Nestled in an elevated and leafy part of Rockhampton in regional Queensland is the well-established suburb of The Range.

Its quality family homes, proximity to the CBD, quieter vibe and surrounding quality schools make it highly sought-after, Scott Aggett said.

“It holds a good level of owner-occupier appeal, with the average home hold period being 10.8 years and a homeownership ratio of 72%,” Mr Aggett said.

“It’s attractive due to the relative affordability of properties. It hasn’t seen much growth in the past decade but it’s poised for good future price movements.”

The Range is a high-end neighbourhood with some prestige properties. Picture: realestate.com.au/sold

---

Rockhampton's population is growing alongside its economy, helped by some major infrastructure projects, including a $10 million upgrade of the airport’s freight hub, the $25 million North Rockhampton sewage treatment plant, and the $24 million Glenroy Road corridor upgrade, he added.

Nominated for: Location; amenity; family appeal, investment prospects

Redbank Plains

The thriving suburb of Redbank Plains, in the Ipswich region but not far from Brisbane, is an area to watch, Kate Hill said.

It neighbours the slightly more affluent Augustine Heights and Collingwood Park, which will create a ripple effect of buyer demand, Ms Hill predicted.

As well as having its own level of amenity, with a decent array of shops and restaurants, it’s close to the massive Springfield Lakes community and its long list of offerings.

Nominated for: Affordability, amenity, infrastructure

Rothwell

The bayside suburb of Rothwell has become a family favourite as buyers seek bigger homes on larger blocks for a more affordable price tag, Kate Hill said.

It also has two top-performing private schools – Grace Lutheran College and Mueller College – that parents want to live close to, Ms Hill added.

“This whole region is growing rapidly and the prestige feel of Rothwell makes it popular."

Its position on the water offers a pleasing lifestyle, while the hustle and bustle of city life is an easy commute away.

Nominated for: Location, family appeal

Sippy Downs

Nestled between picturesque Mooloolah River National Park and Maroochy Botanic Gardens sits Sippy Downs, a Sunshine Coast stunner that Kate Hill has high hopes for.

“It’s known for its many postcard-perfect lakes – and a friendly and welcoming community spirit,” Ms Hill said.

Sippy Downs is home to a University of the Sunshine Coast campus, underpinning housing demand and economic activity.

Campus life doesn't get much more natural than this. Picture: Visit Sunshine Coast

---

It will benefit from the Coast’s booming economy, soaring population, and a slew of infrastructure projects, she said.

Nominated for: Population growth, amenity, investment prospects

Springfield Lakes

This bustling suburb started life as a master-planned community but is now its own mini-city with schools, major retail amenities and even a uni campus, Kate Hill said.

“Springfield Lakes has a strong economy and multiple employment nodes and is one of the top regions for job creation in Queensland’s southeast,” Ms Hill said.

The population is projected to continue expanding, she added.

Safe and friendly tree-lined streets filled with modern and spacious homes, which are relatively affordable in the scheme of things, make this a popular destination for families.

Nominated for: Affordability, amenity, family appeal

Toowong

Nestled in a riverside setting in Brisbane’s inner west, Toowong has several things going for it, Dan White said.

It’s close to the city and has excellent road, rail, bus and ferry connections. The local hospitality scene is thriving, giving the area a vibrant and youthful feel.

“And it’s very close to The University of Queensland campus at St Lucia, so it’s popular with students,” Mr White added.

Major gentrification has been well underway for a few years, including a refurbishment of Toowong Village, and numerous new developments popping up.

Nominated for: Location and investment prospects

Woolloongabba

This inner-city Brisbane suburb already has a lot of runs on the board – and not just in a literal sense at its famous Gabba stadium.

Nestled near the Brisbane River and vibrant South Bank precinct, Woolloongabba is a prime pocket among first-home buyers, students, and families.

The 2032 Olympic Games in Brisbane will bring big benefits to the city. Picture: Queensland Government

---

It’s especially sought-after by those who work in the medical profession and want to live close to the multiple hospitals nearby, Peter Koulizos added.

But its status as the face of the 2032 Olympic Games will see Woolloongabba thrive.

“The forthcoming Olympics will shine a spotlight on the suburb, which will get new or upgraded facilities, amenities and infrastructure,” Mr Koulizos added.

The Cross River Rail project will dramatically improve connectivity too.

Nominated for: Location, amenity, infrastructure

Yamanto

As home prices skyrocket in Brisbane and affordability becomes more of a concern, would-be buyers are looking west.

Scott Aggett said many are landing in suburbs like Yamanto, on the southern outskirts of the fast-growing city of Ipswich.

While it’s 44km from Brisbane CBD, excellent road and rail links make it a reasonable commute.

“It will benefit significantly from key infrastructure projects in place in the Ipswich region, including the Brisbane to Ipswich and Ipswich to Toowoomba rail network [investments] worth $5.1 billion in total,” Mr Aggett said.

Nominated for: Affordability, location, investment prospects

South Australia

SA suburbs accounted for nine spots in the Hot 100, comprising inner-city, coastal and outer-suburban areas.

Blakeview

When it comes to convenience, Blakeview in northern Adelaide has it in spades, from shops and cafes to parks and playgrounds, Kate Hill said.

“Elizabeth City Centre and Munno Para Shopping Centre are also just a short drive away,” Ms Hill said. “There are good schools and daycare options available, making it attractive for families.”

It’s well-connected to the CBD via public transport. Ms Hill said it also has some of the best yields in Australia.

“Blakeview has a revitalised economy and is still an affordable suburb close to Adelaide, which is probably why it’s part of the fastest-growing local government area in the state.”

Nominated for: Investment prospects, location

Brooklyn Park

Located a short drive from Adelaide’s CBD and popular beaches, Brooklyn Park is also close to public transport, local shops, the airport, and top schools.

Peter Koulizos considers it one of the city’s most undervalued locations, making it a worthwhile consideration for buyers.

“It’s in a great location with direct access to the city and beach via Sir Donald Bradman Drive,” Mr Koulizos said. “It’s also adjacent to the prime suburb of Lockleys.”

Its economic credentials are strong, given its proximity to Adelaide Airport and the business and employment opportunities provided, he added.

This suburb was also picked by Pete Wargent.

Nominated for: Location

Christies Beach

The scenic seaside suburb south of Adelaide offers a laidback feel and access to the water without the hefty price tag, Peter Koulizos said.

“Christies Beach is also undergoing urban renewal to bring it up-to-date,” Mr Koulizos added.

“What many residents love about the suburb is its location – close to the water but within easy access to the city via the train and only 15 minutes to the McLaren Vale wine district, which has also many employment opportunities.”

Christies Beach is in the midst of big changes. Picture: Getty

---

Also within walking distance is Christies Beach Esplanade with its variety of shopping and cafes on offer.

Christies Beach was also picked by Pete Wargent.

Nominated for: Affordability, location, gentrification

Craigmore

This northern Adelaide suburb has a reputation for being friendly, peaceful and surrounded by exceptional amenities, from shops to parklands.

Craigmore's public transport links also make it an easy commute to the city, Kate Hill said.

“It’s an affordable suburb with mostly older style brick homes,” Ms Hill said, adding that there’s good renovation potential.

“And there are some very good yields, making it an attractive investment option.”

Nominated for: Affordability, population growth, investment prospects

Kensington

This little slice of urban paradise to the east of Adelaide’s CBD offers the best of both worlds, Peter Koulizos said.

Kensington is a quiet, leafy suburb but sits right on the city’s doorstep. On top of that, it’s one of the most affordable pockets in the east, Mr Koulizos said.

Kensington is a pretty tightly held area. Picture: realestate.com.au/sold

---

“It’s very popular with families as there are nine schools, both public and private, in the area,” he added.

“It’s zoned within Norwood Morialta High School and Marryatville High School.”

Nominated for: Affordability, location, family appeal

St Marys

In Adelaide’s south you’ll find the suburb of St Marys, which boasts an excellent location that’s leafy and peaceful, within commuting distance from the CBD, and not far from the ocean.

And as Kate Hill pointed out, it also sits within a pocket that’s benefiting from enormous infrastructure plans.

“There’s the $1.5 billion Flinders Village project, the new teaching hospital and a uni campus, and the $2 billion spend on the Tonsley precinct,” Ms Hill said. “There’s a lot happening.”

Nominated for: Infrastructure, location

Thebarton

There’s a lot to love about this Adelaide suburb but for some reason it’s flown under the radar in recent times, leading Peter Koulizos to declare it undervalued.

Populated with character homes and just a short walk to the CBD, those who discover Thebarton are immediately drawn in by its two Cs – charm and convenience.

“It’s currently in the beginning stages of gentrification, making it a strong option for investors,” Mr Koulizos said.

“The new Women’s and Children’s Hospital will be built in the suburb, which will make it a very attractive place to live for those who work within there,” he added.

Nominated for: Location, demographic change, infrastructure, gentrification

Torrensville

Located close to the CBD with direct access to the city and beach via Henley Beach Road, Torrensville is a well-connected suburb.

It also boasts a high concentration of character and period-style homes and is in the middle of gentrification, Peter Koulizos said.

Torrensville is a visually stunning suburb thanks to its abundance of heritage homes. Picture: realestate.com.au/sold

---

There are a good range of shops, a few parks and popular eateries dotted throughout the neighbourhood.

Mr Koulizos added that construction of the new Women’s and Children’s Hospital in the suburb next door “make it a popular place to live for workers from the hospital”.

Nominated for: Location, amenity, gentrification

Woodcroft

The southern Adelaide suburb of Woodcroft is a leafy locale with a range of property types to suit most buyers, Kate Hill said.

First-home buyers and young families are paying particular attention due to the availability of quality detached dwellings at a reasonable price.

For example, 1 Hereford Lane, a three-bedroom in a good condition but with room to add value - and personal style - with a considered renovation, sold in early December for $639,500.

The suburb will benefit from a slew of major infrastructure projects in the vicinity, Ms Hill added.

Nominated for: Location, affordability, family appeal

Western Australia

WA suburbs accounted for seven spots in the Hot 100, comprising inner-city and outer suburban areas.

Butler

Sitting within the fastest-growing council area in the state is the suburb of Butler, 41km north of Perth’s CBD and within close proximity of the waterfront.

“As well as being well-connected to the CBD, this suburb has a good level of amenity, including many shops and cafes,” Kate Hill pointed out.

It’s also just down the road from the $1 billion Alkimos master-planned community project, which will bring a host of new services to the area.

“Butler is still affordable and also has low vacancy rates and good yields for investors,” Ms Hill said.

Take this tidy and modern three-bedroom house at 7 Millbrook Parkway, which had a guide price of $395,000-plus and a rental yield of 5.7%, and just secured a contract.

Nominated for: Investment prospects, location, affordability

Carlisle

This Perth suburb is loved for its tree-lined streets, community feel and exceptional location, Peter Koulizos said.

As well as being well-connected to the CBD by train, Carlisle also features a variety of eateries and retail, plus some lovely parks, Mr Koulizos added.

“Carlisle is still a relatively affordable suburb within Perth and is only a short commute to the city,” he said. “Buyers love being walking distance from the Swan River and a variety of parks, reserves and sporting facilities.”

Nominated for: Affordability, family appeal

Cottesloe

For those wanting to live by the beach in Perth, most look no further than affluent and picturesque Cottesloe.

“It’s seen some of the strongest capital growth in the entire city over the past 20 years,” Dan White said.

Despite those price increases, the seaside suburb – famed for its bustling Marine Parade cafe strip – continues to be in demand among upgraders and families.

“It’s one of the best beach suburbs in Perth, well-regarded for its relaxed lifestyle,” Mr White said.

Strong recent sales results include 71 Hawkstone Street, a four-bedroom home that fetched $2.35 million, but those on a budget can find quality units, like the two-bedder with ocean views at 8/232 Marine Parade that recently sold for $672,500.

Nominated for: Location, amenity

Joondalup

This lakeside oasis in Perth’s outer north offers residents the chance to live the best of both worlds, Kate Hill said.

Joondalup has a bustling central village with shops, a health precinct, a university campus and medium-density living, but also peaceful and leafy streets occupied by modern family homes.

Locals in Joondalup enjoy a high level of convenience. Picture: Lakeside Joondalup

---

The suburb sits within the City of Wanneroo, which is the fastest-growing council area in the state.

New transport infrastructure, a number of government-designated activity centres, an attractive lifestyle offering and comparably affordable property prices make this a good prospect, Ms Hill said.

Nominated for: Population growth, infrastructure, affordability, investment prospects, amenity

Mandurah

Kate Hill said suburbs like Mandurah should be on an investor’s radar.

“It boasts strong population growth, affordable homes, and an attractive seaside lifestyle,” Ms Hill said “There are some transport improvements taking place in the area that will improve connectivity, like the $110 million new Mandurah Bridge and the $80 million Lakelands train station.”

Ms Hill also pointed out that the area is within close proximity to the world’s largest lithium mine - the natural resource vital for manufacturers of electric vehicles and smartphones.

And the government’s Transform Peel project, which aims to boost the region’s economy, could create 33,000 new jobs by 2050, sparking further demand for housing in Mandurah, she said.

Nominated for: Population growth, affordability, amenity, infrastructure

Subiaco 

Subiaco, once known mostly for its football stadium, is a relatively upmarket Perth suburb that’s likely to remain popular for the foreseeable future, according to Pete Wargent. 

“Well-located houses are set to be in continued strong demand over the decade ahead, given outstanding proximity to the city and the beach, as well as being an attractive suburb in its own right,” Mr Wargent said. 

The picture-perfect Perth suburb of Subiaco has solid prospects. Picture: Getty

---

It’s bordered by the botanic gardens to the south, the CBD to the east, and is a quick 10-minute drive to City Beach to the west. 

Nominated for: Affordability, location, amenity 

Wembley 

Like adjacent Subiaco, popular Wembley is a relatively upmarket suburb, and well-located houses and good blocks of land are likely to be in strong demand over the decade ahead, Pete Wargent predicted.  

Slightly closer to the beach and bordered by Herdsman Lake and Lake Monger, Wembley is one for water lovers with deep pockets.  

Just 10 minutes in the car will get you to Perth’s CBD. It’s half that to get to the beach.  If you want to catch the train, you’ll have to head to Subiaco to the south or Glendalough to the north. 

Nominated for: Location, family appeal 

Australian Capital Territory

ACT suburbs accounted for five spots in the Hot 100, comprising inner-city and outer suburban areas.

Curtin

Occupying the geographic centre of Canberra is the leafy suburb of Curtin, which Claire Corby said has a continuing bright future.

“There’s a lot of development of old shops taking place, which will improve the face of the suburb,” Ms Corby said. “And Curtin will benefit further from stage two of the light rail.”

Curtin boasts leafy gardens and popular schools, making it particularly sought-after by family buyers.

While far from cheap, homes in the area that tend to come to market allow buyers to move right in and get busy making memories.

One such property is 127 Theodore Street, a four-bedroom, two-bathroom home that’s been extensively renovated and occupies a generous 781sqm block, with a price guide of $1.29 million. 

Nominated for: Family appeal, gentrification, infrastructure, amenity, location

Narrabundah

Positioned within the inner south, Narrabundah is a leafy suburb close to the CBD, airport, and Lake Burley Griffin.

Peter Koulizos pointed out it’s also adjacent to the popular suburbs of Red Hill and Griffith, and close to the trendy Kingston Foreshore precinct.

“There are plenty of renovation opportunities in Narrabundah, providing a strong opportunity for investors and owner-occupiers to increase equity with a relatively small outlay,” Mr Koulizos said.

Nominated for: Location, amenity, investment prospects

Red Hill

This prized pocket already enjoys blue-chip status but continued gentrification will see it rise higher in the stakes, Claire Corby said.

“Red Hill is a popular lifestyle suburb with great amenities, good schools and leafy tree-lined streets,” Ms Corby said. “It’s very family friendly.”

Red Hill is a prized pocket in Canberra. Picture: Getty

---

But proving there’s always room for improvement, the redevelopment of the local shopping centre is one of a few changes underway, she said.

“There’s a lot of renovating of older homes going on and the relocation of some old public housing.”

Nominated for: Amenity, family appeal, gentrification

Scullin

The gentrification of Scullin’s retail strip is allowing locals to see the suburb, northwest of the CBD, in a new light, Claire Coby said.

“It’s increasingly popular with families because of the relatively affordable homes that are on offer,” Ms Corby said.

Take this three-bedroom renovated brick home at 15 Wirraway Crescent, which went for $870,000 a few months ago. There are good options for first-home buyers too, like this recently sold two-bedroom unit at 8a/2 Keith Street that fetched $345,000.

“Scullin also offers easy access to the city and also thriving Belconnen,” Ms Corby said.

Nominated for: Location, gentrification, affordability, family appeal

Watson

Lifestyle meets affordability in this peaceful suburb to the northeast of Canberra’s CBD, which Claire Corby said is growing in popularity.

“Watson has some great local shops, good schools, convenient access to the city, and some beautiful natural trails and mountains at its doorstep,” Ms Corby said.

The redevelopment of the nearby shopping centre is a sign of gentrification, which will spark a new buzz in the area.

Nominated for: Amenity, affordability, family appeal, gentrification

Tasmania

Tasmania accounted for one entry in the Hot 100.

North Hobart

For those seeking easy access to Hobart’s CBD, the water’s edge, and convenient public transport links, Peter Koulizos suggested this hip 'hood.

North Hobart boasts a variety of trendy bars, restaurants and shops, Mr Koulizos said.

North Hobart is full of charming heritage homes. Picture: realestate.com.au/sold

---

“The suburb has a similar feel to Carlton in Melbourne, or Leichhardt in Sydney,” he said.

It attracts an eclectic mix of residents from students to young working professionals and retirees.

“Its proximity to the University of Tasmania brings students to the area. There’s also a high concentration of character and period homes.”

Nominated for: Location, amenity

Northern Territory

NT accounted for one entry in the Hot 100.

Bayview

The sole Top End entry goes to Bayview on the outskirts of Darwin’s CBD – and its appeal is easy to see.

“It’s a very upmarket suburb overlooking Frances Bay and right next door to Charles Darwin National Park,” Dan White said.

Stunning vistas and the neighbourhood’s safe and quiet feel make it popular among a broad range of homebuyers, but especially families.

While a median house price and median unit price aren't available due to too few results in the period, the median dwelling price for Bayview is $680,000.

Nominated for: Amenity

Acknowledgments

Project lead: Shannon Molloy
Writers: Shannon Molloy, Emily Hutchinson, Erinna Giblin
Research and economics: Cameron Kusher, Anne Flaherty
Data analysis: Megan Lieu
Graphics: Mika Kalaw
Video: Jared Barnes, John Holdsworth
SEO: Marnie Bodin
EDM support: Natalie Yeo, Jane Yuen
Social support: Taylar Farquhar
Communications support: Sophie Cressall, Alex Quitt
Editorial oversight: John Healy

The expert panel

Dan White – Ray White Group, Managing Director
Pete Wargent – BuyersBuyers, Co-Founder
Miriam Sandkuhler – Property Mavens, Chief Executive Officer
Ben Plohl – BFP Property Buyers, Founder
Kate Hill – Adviseable, Property Buyer
Scott Aggett – Hello Haus, Founder
Rich Harvey – Propertybuyer, Chief Executive Officer
Claire Corby – Capital Buyers Agency, Buyer’s Agent
Michelle May – Michelle May Buyers Agents, Founder
Peter Koulizos – The University of Adelaide, Program Director of Master of Property

Note

The information published in this report is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content and we are not responsible for it. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We strongly recommend that you obtain independent advice before making any property decisions.