Unearthing the 215 best buyers’ markets in Australia, where purchases have more power

Sep 2022Karen Millers

New data has unearthed the best real estate buyers’ markets around Australia, where a surge in listings is seeing the pendulum swing back in favour of potential purchasers.

Analysis by PropTrack has identified the suburbs with the biggest annual increases in for-sale listings in the 12 months to 31 July, with those looking for a home in Sydney and Melbourne especially spoilt for choice.

But PropTrack economist Angus Moore said buyers in many parts of the country face improved conditions at the moment.

“Buyers have more choice, buyer demand has come off a bit, and homes are taking a bit longer to sell,” Mr Moore said. 

“All of that means things are a bit less competitive and buyers aren’t going to have to make as quick decisions as they were earlier in the year.”

How long it remains a good time to buy remains to be seen, with Mr Moore expecting activity to pick up as the traditionally busy spring selling season kicks into gear.

For now, those in the market for a home can choose from a broader range of options – and then buy without the kind of frenzied scenes of 2021, Apollo Auctions director Justin Nickerson said.

“The buying opportunities have become more plentiful, and in many cases without the white-hot levels of competition experienced in all markets in 2021,” Mr Nickerson said.

At an auction level, the average number of registered bidders has slipped from 8.2 in 2021 to 2.9 this year, he said. 

“Although, interestingly, this is still higher than the pre-pandemic market in 2019 when it sat at 2.1 average registered bidders. 

“The dip in registered bidders has been coupled with the rise of listing numbers across the board, resulting in more favourable buying conditions than were previously available.”

See the data for your state:

New South Wales

The extraordinary level of price growth across Sydney over the past few years has left many would-be buyers disappointed.

A more recent increase in listings in key suburbs is seeing the balance even out, said Ben Plohl, founder and principal of BFP Property Buyers.

“There are some great buying opportunities for those who were potentially priced out last year or struggled to secure a home,” Mr Plohl said. “Investors are also out in force looking to snatch good opportunities.”

Take Beverly Hills in Sydney’s south, which is a suburb surrounded by higher priced neighbourhoods, meaning buyers have the opportunity snap up a home in a good area that’s more affordable.

That’s making the area popular with those who want the same high level of amenity and exceptional transport links next door with a lower price tag, James Kalantzis from Ausrealty said.

And with house listings up 218%, there’s plenty of opportunities on offer for those ready to act.

“Buyers are willing to pay premiums to secure properties in great areas such as Beverly Hills,” Mr Kalantzis said.

“For example, we recently sold 26 Mountview Avenue for $1.95 million, which is a result that coincides with pre-interest rate rise pricing.”

He’s confident about the future prospects of the area, given its location, dwelling type, and demographic shifts.

“Buyers wanting to purchase property in premium suburbs, who are focused on a long-term hold, have a great opportunity right now,” he said.

“History and market trends show great suburbs such as Beverly Hills jump in value over time.”

Closer to the city, the inner-western hotspot of Summer Hill is offering more choice recently than those in the market would be used to.

It has long been popular with families thanks to its plethora of parks, good schools, and character homes on big blocks, Mr Plohl said the area remains in demand.

“Summer Hill is well known for its competition among buyers but it’s presenting great options,” he said of the increase in house listings of 150%.

NSW metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseBeverly HillsSydney – Inner South West218%$1,507,500 
HouseKincumberCentral Coast209%$1,170,000 
HouseWoollahraSydney – Eastern Suburbs192%$5,240,000 
HouseMount AnnanSydney – Outer South West182%$950,000 
HouseMardiCentral Coast164%$995,000 
HouseBligh ParkSydney – Outer West and Blue Mountains159%$920,000 
HousePitt TownSydney – Baulkham Hills and Hawkesbury157%$1,885,000 
HouseSummer HillSydney – Inner West150%$2,025,000 
HouseMoorebankSydney – South West146%$1,250,000 
HouseKirraweeSydney – Sutherland138%$1,582,000 
UnitWoollahraSydney – Eastern Suburbs192%$1,600,000 
UnitSummer HillSydney – Inner West150%$817,500 
UnitMoorebankSydney – South West146%$690,000 
UnitKirraweeSydney – Sutherland138%$815,000 
UnitArtarmonSydney – North Sydney and Hornsby120%$1,030,000 
UnitJannaliSydney – Sutherland118%$745,000 
UnitBondi JunctionSydney – Eastern Suburbs117%$1,225,000 
UnitConcordSydney – Inner West113%$870,000 
UnitBondiSydney – Eastern Suburbs105%$1,400,000 
UnitNewportSydney – Northern Beaches104%$1,322,500 

NSW regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseNorth RothburyHunter Valley exc Newcastle300%$715,000 
HouseSuffolk ParkRichmond – Tweed213%$2,100,000 
HouseCooranbongNewcastle and Lake Macquarie200%$845,000 
HouseCasuarinaRichmond – Tweed186%$2,230,000 
HouseCumbalumRichmond – Tweed181%$1,330,000 
HouseChisholmHunter Valley exc Newcastle179%$897,500 
HouseWorrigeeSouthern Highlands and Shoalhaven175%$770,000 
HouseGulmarradCoffs Harbour – Grafton173%$950,000 
UnitCasuarinaRichmond – Tweed186%$935,000 
UnitToorminaCoffs Harbour – Grafton135%$490,000 
UnitLennox HeadRichmond – Tweed116%$1,275,000 
UnitNelson BayHunter Valley exc Newcastle114%$580,000 
UnitOak FlatsIllawarra104%$725,000 
UnitBelmontNewcastle and Lake Macquarie92%$565,000 
UnitAlstonvilleRichmond – Tweed87%$595,000 
UnitAlbion Park RailIllawarra80%$637,000 
UnitCrestwoodCapital Region79%$335,000 


Anyone looking to buy a home in southeast Queensland over the past few years will know how tight things have been, with intense competition and very low levels of supply.

“The Queensland market has been one of the strongest in the country,” said Nicola McDougall, chair of the Property Investment Professionals of Australia and author of the book The Female Investor.

“There was far more demand from buyers near and far than supply available, while now – as is usual of market cycles – we’re seeing the volume of listings rise.”

Conditions are beginning to swing back in favour of purchasers, with an influx of listings in pockets right across the region, she said.

The PropTrack data shows a number of Sunshine Coast suburbs with strong increases in listings, which Ms McDougall said is unsurprising given the “significant” price growth of recent years.

“Some of these suburbs, such as Peregian Beach (house listings up 196%), Warana (house listings up 121%), and Coolum Beach (unit listings up 68%) are highly desirable beachside area that have increasingly been on the radar of savvy homebuyers and investors,” she said.

House listings in the Glass House Mountains are up 141%, which local agent Dan Clarke from Clarke & Co said shows a shift from a sellers’ market to one favouring buyers.

“There has been plenty of activity in our local market with properties coming onto the market every day,” Mr Clarke said. “I do think it makes it a great time to buy.”

The area where prices aren’t softening is in the entry level acreage market, with a continued steady arrival of tree-changers and limited supply keeping prices high, he said.

In Brisbane, the suburb of Holland Park has seen a 96% increase in the number of house listings, while unit listings are up 133%, offering would-be buyers plenty of choice.

Craig Bullen from RE/MAX First Residential said current market conditions offer “excellent opportunities” for upgraders to purchase in a more stable environment.

“Based on the past couple of properties I have sold in Holland Park, the market is still very strong for established family homes,” Mr Bullen said. 

One property, a four-bedroom home at 57 Amethyst Street, had almost 50 groups through in its first week of being listed, prompting multiple offers.

In the Queensland capital’s north, burgeoning Stafford is offering buyers lots of opportunity, with unit listings rising by 48%.

Local agent Adam Stefan from LJ Hooker said townhouses and units have been selling fast, with strong numbers through open homes and multiple offers on quality stock.

“I believe it has a lot to do with the affordability of these properties, not only from a price point, but also when compared to how much rents have increased in the area,” Mr Stefan said.

The area’s gentrification over recent years, and its location just 7km from the CBD, is also making Stafford more attractive to a wider pool of buyers.

“There are lots of new cafes and restaurants that have popped up, and a new brewery, which has seen the demographic move,” he said.

“We’ve seen older post-war homes where people have lived for 60-plus years being renovated or knocked down as younger homeowners move in. I expect this gentrification to continue for many years to come.”

West of the city, the family friendly suburb of Graceville has seen house listings rise 127%.

Lisette Schults-Rand from Ray White said her patch tended to be more protected from market shifts than elsewhere, and this period has been no different.

“We’ve seen prices overall continue to be strong still, with good inspection and bidding numbers across the board,” Ms Schults-Rand said. 

The spring selling season looks set to be as busy as usual, with a number of good quality listings hitting the market, she said.

“Buyers have more choice than most times of the year and are able to move into their new homes and settle before the holiday season.”

Queensland metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseLotaBrisbane – East182%$950,000 
HouseTingalpaBrisbane – East133%$874,000 
HouseDayboroMoreton Bay – South130%$895,000 
HouseMount CottonBrisbane – East130%$780,000 
HouseGracevilleBrisbane – West127%$1,335,000 
HouseCedar ValeLogan – Beaudesert125%$725,000 
HouseRegents ParkLogan – Beaudesert119%$615,000 
HouseBanyoBrisbane – North113%$849,000 
HouseHolland ParkBrisbane – South96%$1,189,750 
UnitTingalpaBrisbane – East133%$517,350 
UnitHolland ParkBrisbane – South96%$510,000 
UnitBellaraMoreton Bay – North70%$465,000 
UnitCapalabaBrisbane – East63%$420,000 
UnitAlbany CreekMoreton Bay – South56%$564,500 
UnitBoondallBrisbane – North50%$475,000 
UnitRed HillBrisbane Inner City48%$650,000 
UnitStaffordBrisbane – North48%$452,500 
UnitForest LakeIpswich46%$357,000 
UnitBracken RidgeBrisbane – North43%$410,000 

Queensland regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HousePeregian BeachSunshine Coast196%$1,530,000 
HouseCurrimundiSunshine Coast188%$911,000 
HouseGlass House MountainsSunshine Coast141%$830,000 
HouseMudjimbaSunshine Coast123%$1,420,000 
HouseWaranaSunshine Coast121%$1,400,000 
HouseCooroibahSunshine Coast107%$1,287,500 
HousePeregian SpringsSunshine Coast106%$1,050,000 
HouseTamborineGold Coast104%$1,050,000 
HouseCurrumbin WatersGold Coast103%$1,225,000 
UnitPeregian BeachSunshine Coast196%$972,000 
UnitCurrimundiSunshine Coast188%$645,000 
UnitPeregian SpringsSunshine Coast106%$877,500 
UnitCurrumbin WatersGold Coast103%$678,750 
UnitBattery HillSunshine Coast100%$495,000 
UnitTewantinSunshine Coast98%$560,000 
UnitSouth GladstoneCentral Queensland85%$156,000 
UnitReedy CreekGold Coast82%$562,000 
UnitHermit ParkTownsville75%$185,000 
UnitCoolum BeachSunshine Coast68%$780,000 


The eastern Melbourne suburb of Mont Albert has proven to be somewhat fickle of late, local agent Jeremy Desmier from Fletchers said.

“We’re still observing strong results for highly renovated and near-new A-grade properties, as inflated building costs and supply chain uncertainties force those with plans for major renos or new builds to favour something that’s already done,” Mr Desmier said.

“B- and C-grade properties are very price sensitive and sellers looking to match an ‘over-the-top’ price that an equivalent property might’ve achieved six months ago in the boom are likely to be disappointed.”

Buyers in the market for a unit have more choice thanks to a 64% increase in listings, which Mr Desmier said made it a great time to buy.

“I’m not as pessimistic as some of the ‘experts’ out there about the market continuing to soften,” he said.

“There are good buys available and even if the market does dip a little in the short-term, it’ll invariably be followed by a rebound at some point.

“Buying the right home at a fair price that you’ll enjoy living in makes it somewhat irrelevant what the market does in the next three months or six months.”

Meanwhile, buyers sniffing around Ivanhoe East are also enjoying a more balanced market, with house listings up 109%.

Gordon Hope from Nelson Alexander said the extra choice made now a prime time to purchase in what is a sought-after pocket.

“We are still seeing some great activity in the market, most notably strong demand for quality family homes neighbouring schools, parklands, and amenities,” Mr Hope said.

Those types of properties have been in short supply in recent times, so new stock is merely meeting still-high demand, he said.

“Premium homes here don’t get cheaper – they just become more attainable, which is why buyers should seize these opportunities we are seeing today.”

Victoria metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseMount MarthaMornington Peninsula154%$1,647,500 
HouseBitternMornington Peninsula146%$900,000 
HouseDonnybrookMelbourne – North East145%$657,750 
HouseMount EvelynMelbourne – Outer East136%$914,000 
HouseIvanhoe EastMelbourne – North East109%$2,382,500 
HouseSeabrookMelbourne – West108%$760,000 
HouseRiddells CreekMelbourne – North West107%$1,145,000 
HouseMontmorencyMelbourne – North East104%$1,200,000 
HouseBonnie BrookMelbourne – West100%$610,000 
HouseGladstone ParkMelbourne – North West100%$745,000 
UnitMount MarthaMornington Peninsula154%$852,500 
UnitMontmorencyMelbourne – North East104%$861,000 
UnitCanterburyMelbourne – Inner East74%$965,500 
UnitNotting HillMelbourne – South East70%$415,000 
UnitKilsythMelbourne – Outer East68%$715,000 
UnitMordiallocMelbourne – Inner South65%$688,000 
UnitMont AlbertMelbourne – Inner East64%$837,500 
UnitFairfieldMelbourne – Inner61%$545,000 
UnitHastingsMornington Peninsula60%$580,000 
UnitHughesdaleMelbourne – Inner South59%$808,500 

Victoria regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseWy YungLatrobe – Gippsland510%$660,000 
HouseWinter ValleyBallarat206%$605,000 
HouseMortlakeWarrnambool and South West169%$355,000 
HouseElliminytWarrnambool and South West146%$675,000 
UnitWonthaggiLatrobe – Gippsland115%$480,000 
UnitBell ParkGeelong114%$530,000 
UnitWarragulLatrobe – Gippsland105%$400,000 
UnitWarrnamboolWarrnambool and South West72%$427,500 
UnitColacWarrnambool and South West71%$350,000 

South Australia

Markets throughout the South Australian capital have been running hot in the past few years – and prices continued to nudge upwards over much of 2022.

But an increase in listings is providing would-be buyers with a prime opportunity to act, particularly in prestigious pockets where competition has been strong.

Colin Lee, founder of Inspire Realty, said Salisbury East offers a lot of opportunity for both homebuyers and investors. House listings there are up 67%, while unit listings are up 67%.

“Salisbury East has an all-time low rental vacancy rate of 0.14%, which is just extraordinary,” Mr Lee said. In addition, yields are at an attractive 4%.

“There are good-sized blocks with established homes, which bodes well for renovation potential and long-term capital gains. And there’s good highway access and a train station.”

Also in the city’s northern region, Hope Valley is also an area with solid prospects, and interested buyers are enjoying a 68% increase in house listings.

“Housing there is well-established with some good-sized allotments, making for family friendly living,” Mr Lee said.

“There’s also comprehensive retail amenity with Hope Valley Shopping Centre. The reservoir and its surrounds are an attractive local feature too.”

South Australia metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseDernancourtAdelaide – North87%$681,000 
HouseHackhamAdelaide – South86%$450,000 
HouseGilles PlainsAdelaide – North83%$571,000 
HouseMoanaAdelaide – South75%$690,000 
HouseLobethalAdelaide – Central and Hills73%$470,000 
HouseSouth BrightonAdelaide – South71%$860,000 
HouseChristies BeachAdelaide – South70%$536,500 
HouseHope ValleyAdelaide – North68%$575,000 
HouseSalisbury EastAdelaide – North67%$471,000 
HouseSomerton ParkAdelaide – South61%$1,225,000 
UnitChristies BeachAdelaide – South70%$397,500 
UnitSalisbury EastAdelaide – North67%$251,000 
UnitSomerton ParkAdelaide – South61%$431,500 
UnitGlenelg EastAdelaide – South38%$443,750 
UnitMorphett ValeAdelaide – South35%$335,000 
UnitParksideAdelaide – Central and Hills32%$482,500 
UnitGlenelg NorthAdelaide – South30%$400,000 
UnitWest LakesAdelaide – West25%$569,000 
UnitBowdenAdelaide – West20%$476,000 
UnitProspectAdelaide – Central and Hills20%$408,653 

South Australia regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseHindmarsh IslandSouth Australia – South East93%$605,000 
HouseStrathalbynSouth Australia – South East62%$517,122 
HouseNuriootpaBarossa – Yorke – Mid North46%$410,000 
HouseGoolwa BeachSouth Australia – South East42%$504,000 
HouseAngastonBarossa – Yorke – Mid North28%$420,000 
HouseEncounter BaySouth Australia – South East21%$575,000 
HouseGoolwaSouth Australia – South East19%$450,000 
HouseBarmeraSouth Australia – South East17%$260,000 
HouseRenmarkSouth Australia – South East16%$284,000 
HouseRoxby DownsSouth Australia – Outback11%$269,500 


A stand-out performer during the boom was Tasmania, with prices right across the state – and particularly in Hobart – rising sharply.

Buyers currently in the market are enjoying more choice, with listings up in a number of key pockets.

In the capital, suburbs with big increases in house listings include Primrose Sands (up 142%) and Sandy Bay (up 119%), while regionally, South Launceston house listings are up 100%.

Sam Powell, an analyst and property coach at Hello Haus, said some tightly held suburbs are now seeing buyers afforded more choice, making it a good time to act.

“To break it down, in Sandy Bay, the lowest number of listings in the past 12 years was in September 2021, with 32 listings, while the highest was in April 2021 with 202 listings,” Mr Powell said.

“In July 2022, Sandy Bay was sitting at 65 listings, so well below the historic high, but still below the 12-year average of circa 100 listings per month.”

Some of the biggest increases in listings are in similarly prestigious pockets that remain sought-after thanks to their high level of amenity, land scarcity, and location.

“Opportunistic buyers searching for properties in these desirable locations will not only see an increased range of asset selection but also a wider array of negotiation tactics to use,” Mr Powell said.

Tasmania metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HousePrimrose SandsHobart142%$527,500 
HouseBlackmans BayHobart120%$865,000 
HouseSandy BayHobart119%$1,451,000 
HouseRisdon ValeHobart117%$460,000 
HouseNew TownHobart100%$982,000 
HouseOld BeachHobart87%$752,500 
UnitSandy BayHobart119%$771,000 
UnitLenah ValleyHobart56%$600,000 

Tasmania regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseLatrobeWest and North West122%$532,500 
HouseBichenoSouth East100%$720,000 
HouseHuonvilleSouth East100%$602,600 
HouseMowbrayLaunceston and North East100%$450,000 
HouseSouth LauncestonLaunceston and North East100%$610,000 
HouseTrevallynLaunceston and North East93%$650,000 
HouseNewnhamLaunceston and North East88%$493,000 
HouseQueenstownWest and North West80%$185,000 
HouseRiversideLaunceston and North East71%$632,000 
HouseDevonportWest and North West65%$450,000 
UnitNewnhamLaunceston and North East88%$358,150 
UnitRiversideLaunceston and North East71%$432,500 
UnitDevonportWest and North West65%$356,500 
UnitProspect ValeLaunceston and North East13%$455,000 

Western Australia

The West Australian market is currently defying cooling market trends seen in eastern states, with prices largely remaining steady.

However, active buyers are beginning to enjoy more choice in a number of suburbs. At the top of the list is the Perth suburb of Karnup, with house listings up 141%.

PK Gupta, managing director of Consulting by PK, said the suburb’s location makes it increasingly desirable.

“Neighbouring suburbs such as Port Kennedy and Secret Harbour have been rising in value rapidly due to their affordability and attraction with both locals, being next to the water, and also east coast investors seeing good value,” Mr Gupta said. 

“But these suburbs have low stock on the market, so the demand may shift inland towards Karnup as buyers look for deals under $500,000.”

Western Australia metropolitan suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseKarnupPerth – South West141%$425,000 
HouseEdgewaterPerth – North West119%$690,000 
HouseGwelupPerth – North West100%$1,118,500 
HouseSouth FremantlePerth – South West93%$1,300,000 
HouseCurrambinePerth – North West79%$660,000 
HouseHilbertPerth – South East71%$420,000 
HouseWillettonPerth – South East64%$880,000 
HouseMidlandPerth – North East63%$342,000 
HouseMount HelenaPerth – North East62%$645,000 
HouseMount NasuraPerth – South East61%$490,000 
UnitCurrambinePerth – North West79%$341,000 
UnitMidlandPerth – North East63%$280,000 
UnitInglewoodPerth – Inner59%$352,500 
UnitOsborne ParkPerth – North West53%$303,000 
UnitShenton ParkPerth – Inner50%$432,000 
UnitJolimontPerth – Inner44%$415,000 
UnitNorth PerthPerth – Inner39%$430,000 
UnitMelvillePerth – South West37%$499,500 
UnitClaremontPerth – Inner34%$590,000 
UnitCoolbellupPerth – South West33%$310,000 

Western Australia regional suburbs with the most choice

DwellingSuburbRegionListings growthMedian price
HouseRangewayWestern Australia – Outback (South)135%$165,000 
HouseTarcoola BeachWestern Australia – Outback (South)100%$420,000 
HouseNewmanWestern Australia – Outback (North)64%$325,000 
HouseBeachlandsWestern Australia – Outback (South)60%$358,500 
HouseDjugunWestern Australia – Outback (North)55%$650,000 
HouseBulgarraWestern Australia – Outback (North)47%$465,000 
HouseLower KingWestern Australia – Wheat Belt47%$440,000 
HouseCable BeachWestern Australia – Outback (North)40%$650,000 
UnitCable BeachWestern Australia – Outback (North)40%$355,000 
UnitSomervilleWestern Australia – Outback (South)37%$282,000 
UnitBroomeWestern Australia – Outback (North)20%$330,000 
UnitSouth HedlandWestern Australia – Outback (North)20%$240,000 

Originally Published: Shannon Molloy | realestate.com.au | 2 September 2022


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