Home Insights The most in-demand suburbs for buyers heading into spring

The most in-demand suburbs for buyers heading into spring

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The real estate market has continued to cool over the past few months, with rising mortgage payments being the main reason for the decline in demand. However, some suburbs have bucked the trend and are still popular among buyers.

In 2021, historically low interest rates have brought enormous levels of demand for housing, resulting in record levels of home price increases.

Demand from homebuyers has tapered off from its peak at the end of last year, following recent interest rate hikes and expectations of further rate hikes by the Reserve Bank.

This is evident in the decline in the number of potential buyers per listing since early 2022.

However, it is important to note that the number of potential buyers is still above pre-pandemic levels and demand in some parts of Australia shows no signs of slowing down.

To get a sense of which neighborhoods have withstood the market shift, we looked at the suburbs with the most potential buyers per listing compared to the median Greater Metropolitan Census Area (GCCSA).

The Gold Coast and Sunshine Coast suburbs are among the areas with the highest demand for housing, and several homes in Perth were also of high interest among potential buyers.

Demand for housing on the Sunshine Coast was among the highest in the country.Photo: Getty

Homes listed in Springbrook, Lower Beechmont and Stapilton in the Gold Coast region have 239%, 226% and 185% more potential buyers, respectively, than typical Queensland suburbs. I was.

Buyers may have been drawn to the relative affordability of these suburbs, as home prices are below the regional median.

In addition, demand continued to be high for coastal areas and areas rich in nature.

Maroochy River, Tallebudgera and Trigg had at least 170% more potential buyers per listing compared to the regional medians of Queensland and Perth.

The trend was similar for units, with Gold Coast, Sunshine Coast and Brisbane suburbs being the most popular with prospective buyers.

In-depth insights from PropTrack’s team of experts:

Peregian Beach, Currumbin and Highland Park units had 276%, 247% and 219% more potential buyers per listing respectively than typical Queensland suburban areas.

Brisbane’s Red Hill and Wilston have also seen strong interest from buyers, with 1.7 times more people looking for units than the city average.

Margaret River in Western Australia was also popular with buyers.

Heading into spring, demand for housing in Queensland, South Australia and Washington is expected to continue to outperform other states.

Buyers looking for a lifestyle change will find these particular states very attractive, as they have more affordable housing compared to New South Wales and Victoria.

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