Winter’s most in-demand suburbs: PropTrack

While winter is usually a quieter season for the property market, the June clearance rates came back higher than the lows seen in 2022, with auction levels staying in line with last year’s levels, according to PropTrack.

New data from PropTrack has revealed the most in demand suburbs this winter based on the most highly engaged people for houses listed on realestate.com.au over the last year.

Those suburbs included Berwick, Victoria with 41,860 highly engaged buyers; Buderim, Queensland (38,452 highly engaged buyers); and Kew, Victoria (33,229 highly engaged buyers).

Rounding out the top 10 for houses were Point Cook, Victoria (32,671); Brighton, Victoria (32,262); Croydon, Victoria (32,230); Richmond, Victoria (31,833); Mount Martha, Victoria (31,268); Frankston, Victoria (31,265); and Werribee, Victoria (30,908).

For units, the top suburbs were as follows:

*Table provided by PropTrack

PropTrack economist Anne Flaherty said Victoria has seen the highest level of engagement of any state, particularly those looking to purchase a house, accounting for nine of the top 10 for houses and six of the top 10 for units.

“Suburbs seeing the most engagement among those looking to buy a house are typically located in middle and outer metropolitan areas of capital cities,” Ms Flaherty added.

When it comes to the suburbs seeing the highest level of engagement for units, inner-city areas dominate, with the Melbourne, Brisbane, and Adelaide central business districts all making the national top 10.

“Across all states, the suburbs seeing the most engagement from buyers are typically located in scenic areas that combine high levels of liveability with excellent amenity.

“Standout regions include Sydney’s scenic Northwest, Melbourne’s Outer East and Mornington Peninsula, and Queensland’s Gold Coast,” Ms Flaherty added.

Where have prices doubled?

Further Proptrack data revealed the suburbs where prices have doubled the quickest this year.

Boat Harbour in NSW’s Hunter region saw the quickest growth overall, with the median house price rising by 102 per cent ($846,250 to $1,707,500) in the 16 months to May 2023; followed by Proston, Queensland ($117,500 to $235,000 in 20 months); Humpty Doo, Northern Territory ($300,000 to $600,000 in 20 months); and Nirimba Fields, NSW ($541,000 to $1,130,100 in 20 months).

[RELATED: PropTrack reveals where property prices have doubled in 2023]

Adrian Suljanovic is a journalist at Broker Daily with more than two years experience reporting on all facets of the third party distribution channel.

Adrian has written for a range of business and finance titles including IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

E-mail Adrian at: This email address is being protected from spambots. You need JavaScript enabled to view it.