The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
70
print
Print
ResidentialDinah Lewis BoucherThu 10 Oct 19

Australian Suburbs Forecast for Growth

a7679502-c25f-4719-b98d-46e4698a96ff

Analysis revealing a list of ten suburbs spanning Victoria, New South Wales and Queensland has been released with forecast median house price growth of up to 30 per cent across the next three years.

Melbourne’s inner city suburb Balaclava tops the list of suburbs, with an estimated median house price rise of 30.3 per cent across the three year period.

The suburb predictions, which also take in South Australia and the Australian Capital Territory, have a current median house price starting from $396,000 and ranges up to $1.3 million.

The research, by SuburbGrowth.com.au – part of the Select Residential Property Research Group, identified the suburbs using 17 market variables to narrow in on the locations.

“These suburbs all have a number of desirable features,” SRP research director Jeremy Sheppard said.

“However, one of the main reasons why house prices are forecast to grow is an imbalance of demand to supply.

“The research highlights that each major region has suburbs with price potential, regardless of what the market cycle is doing at the time,” Sheppard said.

Sydney’s northern beaches suburb Narraweena ranks in at second place, an area Sheppard says has seen increased buyer demand through 2019.

While consistent performers Adelaide and Canberra housing markets make the list with Fullerton and Colonel Light Gardens, located 4 and 8 kilometres, respectively, from Adelaide's CBD. Belconnen suburb Charnwood sits 20-kilometres from Canberra CBD.

Geelong, Victoria's second largest city, makes an appearance. A region that continues to benefit from its proximity to Melbourne along with its lower housing price points.

Sunshine Coast, which has experienced a strengthening economy and major infrastructure investment in recent years, appears on the list with coastal suburb Currimundi located on the northern boundary of the Caloundra (lead image) area.

While Brisbane suburb Grange, approximately 8-kilometres from the CBD, sits north of the city's river with a median house price of $884,000.

And of course, with all investing, undertaking research, understanding the local development and infrastructure plans, and assessing your own personal financial circumstances is number one.

Ten Suburbs: SRP Group

State and AreaSuburbMedian House Price3-year growth forecast %Forecast change $
VIC MelbourneBalaclava$ 1,072,000 30.3$324,711
NSW SydneyNarraweena$ 1,299,000 29.7$386,387
NSW WollongongHelensburgh$ 747,000 28.6$213,446
SA AdelaideFullarton$ 910,00028$255,214
VIC GeelongSt Albans Park$ 396,00027.5$109,050
ACT Canberra - QueanbeyanCharnwood$ 449,00027.4$122,949body
NSW Newcastle - MaitlandWaratah$ 494,00027.4$135,368body
QLD Sunshine CoastCurrimundi$ 537,00025.8$138,514
QLD BrisbaneGrange$ 884,00025.8$228,020
SA AdelaideColonel Light Gardens$ 732,00026.5$193,696
ResidentialAustraliaBrisbaneMelbourneAdelaideCanberrado not useReal EstateSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
The two towers, of 35 and 34 storeys, help cement the SA capital’s growing status as the best place in Australia for the…
LATEST
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/australian-suburbs-forecast-for-growth