The report highlights affordability, infrastructure, and buyer demand as key drivers of growth.
The 10 suburbs identified in the report are:
Alexandra Hills, QLD: Bayside suburb with strong owner-occupier demand and access to major infrastructure
Berkeley Vale, NSW: Central Coast market with lifestyle appeal and growing infrastructure
Biggera Waters, QLD: Gold Coast suburb offering waterfront living and access to key amenities
Chelsea, VIC: Bayside location in Melbourne attracting buyers priced out of nearby markets
Clayton South, VIC: High-demand area near employment hubs and transport
Doonside, NSW: Western Sydney suburb benefiting from infrastructure investment and fast sales
Greensborough, VIC: North-east Melbourne suburb with family appeal and proximity to the CBD
North Lakes, QLD: Master-planned community with sustained demand and low vacancies
Seaton, SA: Adelaide suburb near the coast with strong sales and amenities
Summer Hill, NSW: Inner West Sydney unit market with high yields and village atmosphere
According to Rich Harvey (pictured right), chief executive and founder of Propertybuyer, rapid price growth is making it more difficult to identify suburbs about to cross the $1 million mark. “It’s getting harder to pick suburbs because some accelerate over the finish line so much faster now” he said. “Frankston, for example, jumped a hundred grand in three months.
“We try to pick areas where we believe there’s a groundswell of factors pushing it forward – that ripple effect of growth is meaning these areas are now rising. For example, suburbs such as Biggera Waters and North Lakes in Southeast Queensland and Chelsea in Melbourne are attracting a mix of first- and second-home buyers, as well as investors. You’ve got that combination of all of those three buyer groups competing for limited stock.”