The underperforming suburbs at the cusp of a turnaround

The underperforming suburbs at the cusp of a turnaround

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Value-conscious space hunters are concentrated on suburbs the place values have lagged at the back of the country’s fresh assets increase, boosting call for for properties in sought-after neighbourhoods that provide relative affordability.

Research of PropTrack information presentations that during most of the suburbs the place domestic values haven’t stored tempo with their wider markets, houses on the market are attracting dozens of enquiries from patrons, indicating robust call for.

Whilst suburbs with essentially the most call for from patrons frequently have scorching assets markets with robust worth enlargement, savvy patrons additionally seem to be searching for alternatives in spaces that experience underperformed their surrounding areas, signalling those suburbs could also be at the cusp of a turnaround.

Measuring key enquiries consistent with checklist on realestate.com.au — which mixes high-intent movements similar to emailing an enquiry, calling the agent or downloading paperwork — is likely one of the very best tactics to show how in-demand a suburb is with patrons, in keeping with PropTrack senior economist Paul Ryan.

Given enquiries seize the behaviour of patrons on the later phases in their assets adventure, this measure of call for will also be regarded as a number one indicator for marketplace task, Mr Ryan stated.

“Enquiries are some of the parts of call for, and we all know that call for influences costs,” he stated.

The knowledge makes use of PropTrack’s automatic valuation type (AVM) to resolve a suburb’s median assets worth.

Underperforming capital metropolis suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb State Median worth (AVM) YoY trade – AVM median Key enquiries consistent with checklist Assets sort
1 Kenthurst NSW $3,290,000 -7.3% 67 Space
2 Woronora NSW $1,605,000 7.2% 64 Space
3 Sheldon QLD $1,579,000 6.0% 58 Space
4 Killara NSW $3,694,000 2.4% 58 Space
5 Samford Valley QLD $1,631,000 3.5% 58 Space
6 Bunya QLD $1,529,000 8.7% 57 Space
7 Monterey NSW $2,066,000 1.7% 57 Space
8 Pullenvale QLD $1,956,000 7.2% 56 Space
9 Wamberal NSW $1,616,000 -1.7% 55 Space
10 Brookfield QLD $1,652,000 6.6% 55 Space
1 Springfield QLD $491,000 1.3% 44 Unit
2 Kenmore QLD $899,000 -0.4% 43 Unit
3 Ormiston QLD $543,000 3.7% 30 Unit
4 Carseldine QLD $589,000 7.1% 29 Unit
5 Enfield NSW $680,000 -2.1% 26 Unit
6 Caringbah South NSW $1,537,000 -0.3% 25 Unit
7 Kurralta Park SA $391,000 7.7% 24 Unit
8 Bracken Ridge QLD $508,000 8.0% 24 Unit
9 Gordon Park QLD $520,000 7.1% 23 Unit
10 Huntleys Cove NSW $1,440,000 2.4% 22 Unit

Soar forward to peer the regional underperforming suburbs with robust purchaser call for.

In-demand, but underperforming suburbs may just probably be offering excellent alternatives for patrons searching for to buy rather undervalued houses that would upward thrust in worth at some point because of robust call for.

The underachieving suburbs which can be maximum in call for are various, and tendencies vary relying at the area or town.

Tree changers search worth on city fringe

Of the entire suburbs with below-average worth enlargement, Kenthurst in Sydney’s northwest had essentially the most enquiries consistent with checklist, indicating very robust call for for houses hitting the marketplace.

Properties within the semi-rural suburb, which come with multi-million greenback mansions on acres of land, obtain a mean of 67 enquiries consistent with checklist, however the median worth fell 7.3% over three hundred and sixty five days to November 2023.

Over that very same duration, values throughout Higher Sydney rose 7.7% as call for for assets surged amid robust inhabitants enlargement and a scarcity of listings for a lot of the 12 months.

3 Seville Place, Kenthurst, NSW 2156

Houses in Kenthurst in Sydney’s northwest are in excessive call for. This four-bedroom domestic on a 5 acre block bought for $3.7 million past due remaining 12 months. Image: realestate.com.au


Dad or mum Realty Dural director Ben Jobberns stated a “converting of the guard” in Kenthurst used to be the most probably explanation why the suburb’s median worth had reduced. 

An inflow of long-held houses have been bought during the last 12 months, he stated, with older house owners who stayed put right through the pandemic after all downsizing or relocating. 

“The acreages have served them and they have got loved what the way of life has to provide, and so they’re short of a extra easy lifestyles or short of to be extra cash-liquid.”

Those older properties had supplied extra inexpensive alternatives for patrons to snap up modest homes on huge blocks to knock down and rebuild, he stated. 

Patrons have been essentially native upgraders searching for acreages at the city fringe in shut proximity to the realm’s well-regarded personal colleges.

23 Plymouth Drive, Wamberal, NSW 2260

Space values in Wamberal fell reasonably during the last 12 months, whilst values in Sydney jumped nearly 8%, placing the beachside suburb at the radar of bargain-hunters searching for a coastal or acreage domestic. This leafy four-bedroom space bought for $1,567,500 past due remaining 12 months. Image: realestate.com.au


Mr Ryan stated the underperformance of a few of these suburbs may just, partially, replicate their robust worth enlargement during the last few years as patrons sought higher houses right through the pandemic duration.

“Way of life areas have fallen in worth as a result of they noticed the sort of giant run up,” he stated.

Properties in Wamberal, at the NSW Central Coast obtain 55 enquiries on common — nearly 3 times the nationwide common of nineteen — however domestic values fell 1.7% during the last 12 months.

In Brisbane, the place values grew 9.4% during the last 12 months, high-demand suburbs similar to Sheldon and Samford Valley had 58 enquiries consistent with checklist, however costs didn’t stay tempo with the remainder of town, rising at 6% and three.5% respectively.

13-Luan-Court-Byron-Bay-NSW-2481

After years of sturdy efficiency, space values in Byron Bay fell by way of nearly 6% up to now 12 months, however call for stays robust amid stepped forward affordability. This Balinese-inspired five-bedroom domestic bought for $1.65 million in September remaining 12 months. Image: realestate.com.au


Suburbs within the Adelaide Hills similar to Beaumont and Stirling have been a number of the maximum sought-after within the metropolis, and whilst those had forged worth enlargement during the last 12 months, Adelaide’s total median worth grew sooner.

Underperforming regional suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb State Median worth (AVM) YoY trade – AVM median Key enquiries consistent with checklist Assets sort
1 Tallebudgera Valley QLD $1,989,000 5.2% 60 Space
2 Currumbin Valley QLD $1,678,000 2.9% 54 Space
3 Ninderry QLD $1,248,000 2.5% 53 Space
4 Rosemount QLD $1,083,000 1.3% 48 Space
5 Glenview QLD $1,270,000 2.2% 43 Space
6 Tanawha QLD $1,598,000 1.9% 41 Space
7 Peachester QLD $977,000 -0.9% 39 Space
8 Jamberoo NSW $1,387,000 -7.2% 39 Space
9 Eumundi QLD $1,210,000 4.1% 38 Space
10 Doonan QLD $1,762,000 3.1% 35 Space
1 Pelican Waters QLD $866,000 1.7% 31 Unit
2 Shoal Bay NSW $730,000 -2.6% 25 Unit
3 Currumbin Waters QLD $736,000 -0.1% 24 Unit
4 Mudgeeraba QLD $727,000 4.8% 23 Unit
5 Burleigh Waters QLD $734,000 1.9% 23 Unit
6 Dual Waters QLD $1,203,000 4.6% 22 Unit
7 Broadbeach QLD $789,000 4.5% 22 Unit
8 Elanora QLD $687,000 1.2% 22 Unit
9 Currimundi QLD $671,000 -0.4% 21 Unit
10 Transparent Island Waters QLD $812,000 6.9% 21 Unit

In regional Australia, high-demand underperformers integrated suburbs favoured by way of tree changers similar to Byron Bay and Jamberoo in NSW, Lorne in Victoria and suburbs of hinterlands of the Gold Coast and Sunshine Coast in Queensland.

Mr Ryan stated their underperformance wasn’t because of falling call for, which remained robust, however used to be extra a results of markets cooling after a sustained duration of very robust worth enlargement.

Soar forward to peer the underperforming suburbs with the most powerful purchaser call for in each and every state.

Upgraders goal inexpensive status suburbs

It’s now not simply tree trade locations providing relative affordability that experience skilled excessive ranges of enquiry. 

Circle of relatives-friendly suburbs suiting upgrading house owners are in excessive call for too, particularly the place worth enlargement has been subdued, Mr Ryan stated.

Killara and Gordon in Sydney’s north and Yowie Bay and Sylvania Waters within the south are a number of the suburbs the place properties have been extremely wanted as a result of costs hadn’t grown up to the remainder of town.

With median values above $2 million, those suburbs may just hardly ever be regarded as inexpensive, however be offering status properties for a lot less expensive than expensive suburbs within the metropolis’s east, which led the newest marketplace upturn.

9 The Crest, Killara, NSW 2071

In some status Sydney suburbs fitted to upsizing households similar to Killara, space values have not boomed as speedy as pricier suburbs, using call for. This five-bedroom Killara domestic on a 1284sqm block bought for $3.52 million remaining 12 months – a little bit under the suburb median worth. Image: realestate.com.au/bought


“Lots of the conventional blue chip suburbs have noticed numerous enlargement so individuals are beginning to glance additional afield,” Mr Ryan stated.

In the meantime, in Perth, the place space values rose a whopping 13.3% during the last 12 months, suburbs with underperforming space costs and powerful call for all had median costs effectively above the citywide median, demonstrating larger pastime in pricier spaces that hadn’t surged in worth as speedy as the remainder of town.

First-home patrons compromise on location and measurement

Strained budgets due to upper rates of interest have led to first-home patrons to hunt less expensive suburbs the place costs haven’t boomed but, Mr Ryan stated, supporting call for in lesser recognized wallet of affordability.

“There could be numerous first-home patrons that will be transferring their seek additional afield, specifically with upper rates of interest and worth enlargement,” he stated.

Of the Melbourne suburbs the place space costs underperformed in comparison to the city-wide enlargement, the spaces in easiest call for have been affordably-priced and situated in opposition to town’s fringe, similar to Coolaroo, Hampton Park and Melton.

77 Gretel Grove, Melton, Vic 3337

In Melbourne, inexpensive suburbs the place costs have not jumped are in excessive call for with budget-conscious first-home patrons, similar to Melton within the west. This four-bedroom Melton space bought for $580,000 in September. Image: realestate.com.au/bought


“Those are areas the place costs have not grown up to Melbourne, and they’ve reasonably out there worth issues.”

Upper rates of interest have led to each first-home patrons and traders to go looking in inexpensive suburbs that presented higher worth than surrounding spaces, in keeping with actual property agent Zoe Crooks of LJ Hooker Melton.

“That is clearly a space this is nonetheless inexpensive, however it’s in excessive call for for first domestic patrons,” she stated.

“Households are coming right here as a result of they are getting much more for his or her cash. In the event you evaluate it to within sight Caroline Springs, the place costs are a little upper, you’re getting a extra inexpensive assets and perhaps a larger block measurement too.”

The consequences of affordability constraints on first-home purchaser task differs between Sydney and Melbourne, Mr Ryan stated, owing to Sydney’s upper assets costs.

“Melbourne’s worth issues imply you’re nonetheless getting first-home patrons searching for homes at the outer edge,” he stated.

“For homes, first-home patrons are necessarily priced out in Sydney, so in case you are searching for assets you’re almost certainly searching for a unit, and that’s the reason the place it presentations up in Sydney.”

12/229 Carlingford Road, Carlingford, NSW 2118

Call for has been robust in Sydney suburbs the place unit costs are inside of achieve of first-home patrons and costs enlargement is slower than the remainder of town, similar to Carlingford. This two-bedroom Carlingford rental bought for $639,000 in October remaining 12 months. Image: realestate.com.au/bought


In Sydney suburbs similar to Enfield, Carlingford and Holroyd, unit costs have both reduced or now not stored tempo with the remainder of town during the last 12 months. 

Those suburbs have median costs under $750,000 and feature one of the vital maximum enquiries consistent with checklist, indicating robust call for.

In a similar fashion, many of the Brisbane suburbs the place unit costs underperformed, however call for used to be nonetheless robust, had median values between $500,000 and $600,000 – inside the achieve of first-home patrons even with lowered borrowing capacities.

Underperforming suburbs with the most powerful purchaser call for in each and every state

The underperforming Sydney suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area (SA4) Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Kenthurst Sydney – Baulkham Hills and Hawkesbury $3,290,000 -7.3% 67 Space
2 Woronora Sydney – Sutherland $1,605,000 7.2% 64 Space
3 Killara Sydney – North Sydney and Hornsby $3,694,000 2.4% 58 Space
4 Monterey Sydney – Internal South West $2,066,000 1.7% 57 Space
5 Wamberal Central Coast $1,616,000 -1.7% 55 Space
6 Gordon Sydney – North Sydney and Hornsby $3,468,000 2.7% 54 Space
7 Kareela Sydney – Sutherland $1,603,000 5.9% 54 Space
8 Yowie Bay Sydney – Sutherland $2,308,000 6.8% 53 Space
9 Illawong Sydney – Sutherland $1,654,000 7.5% 53 Space
10 Sylvania Waters Sydney – Sutherland $2,216,000 5.3% 53 Space
1 Enfield Sydney – Internal West $680,000 -2.1% 26 Unit
2 Caringbah South Sydney – Sutherland $1,537,000 -0.3% 25 Unit
3 Huntleys Cove Sydney – Ryde $1,440,000 2.4% 22 Unit
4 Woollahra Sydney – Jap Suburbs $1,399,000 2.0% 21 Unit
5 Turramurra Sydney – North Sydney and Hornsby $947,000 -0.2% 21 Unit
6 Carlingford Sydney – Parramatta $742,000 1.6% 21 Unit
7 Holroyd Sydney – Parramatta $576,000 2.6% 21 Unit
8 Condell Park Sydney – Internal South West $825,000 3.4% 21 Unit
9 Sans Souci Sydney – Internal South West $922,000 -0.2% 21 Unit
10 Roseville Sydney – North Sydney and Hornsby $1,004,000 0.5% 20 Unit

The underperforming regional NSW suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area (SA4) Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Jamberoo Illawarra $1,387,000 -7.2% 39 Space
2 Wyee Newcastle and Lake Macquarie $877,000 -0.5% 28 Space
3 Shoal Bay Hunter Valley exc Newcastle $989,000 -3.1% 28 Space
4 Dudley Newcastle and Lake Macquarie $1,137,000 -1.6% 27 Space
5 Squaddies Level Hunter Valley exc Newcastle $1,145,000 -1.3% 27 Space
6 Mollymook Seaside Southern Highlands and Shoalhaven $1,137,000 -2.0% 26 Space
7 Byron Bay Richmond – Tweed $1,826,000 -5.7% 26 Space
8 Adamstown Heights Newcastle and Lake Macquarie $1,037,000 -1.7% 25 Space
9 Banora Level Richmond – Tweed $894,000 -1.6% 25 Space
10 Mangerton Illawarra $1,155,000 -0.2% 24 Space
1 Shoal Bay Hunter Valley exc Newcastle $730,000 -2.6% 25 Unit
2 Salamander Bay Hunter Valley exc Newcastle $611,000 -7.2% 19 Unit
3 Nelson Bay Hunter Valley exc Newcastle $677,000 -3.5% 18 Unit
4 Byron Bay Richmond – Tweed $1,142,000 -6.1% 18 Unit
5 Shoalhaven Heads Southern Highlands and Shoalhaven $649,000 -1.4% 17 Unit
6 Kingscliff Richmond – Tweed $873,000 -1.6% 14 Unit
7 Suffolk Park Richmond – Tweed $1,138,000 -8.5% 14 Unit
8 Ocean Shores Richmond – Tweed $827,000 -0.2% 11 Unit
9 Ulladulla Southern Highlands and Shoalhaven $659,000 -5.8% 10 Unit
10 Yamba Coffs Harbour – Grafton $722,000 -7.7% 10 Unit

The underperforming Melbourne suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area (SA4) Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Coolaroo Melbourne – North West $507,000 0.3% 25 Space
2 Hampton Park Melbourne – South East $642,000 -0.6% 23 Space
3 Doveton Melbourne – South East $586,000 0.0% 22 Space
4 Wandong Melbourne – North East $858,000 -2.5% 21 Space
5 Campbellfield Melbourne – North West $598,000 -0.3% 21 Space
6 Melton Melbourne – West $469,000 -1.5% 20 Space
7 Wandin North Melbourne – Outer East $796,000 -0.5% 19 Space
8 Dallas Melbourne – North West $520,000 0.6% 19 Space
9 Emerald Melbourne – South East $917,000 0.0% 18 Space
10 Cairnlea Melbourne – West $894,000 0.1% 18 Space
1 Meadow Heights Melbourne – North West $460,000 -0.3% 15 Unit
2 Heidelberg West Melbourne – North East $660,000 0.2% 15 Unit
3 Patterson Lakes Melbourne – Internal South $656,000 -0.2% 13 Unit
4 Keysborough Melbourne – South East $671,000 -0.2% 13 Unit
5 South Kingsville Melbourne – West $643,000 0.3% 12 Unit
6 Oakleigh Melbourne – South East $616,000 -0.3% 11 Unit
7 Mentone Melbourne – Internal South $676,000 -0.5% 10 Unit
8 Seaford Mornington Peninsula $600,000 -0.4% 10 Unit
9 Pascoe Vale Melbourne – North West $646,000 -1.0% 10 Unit
10 Altona North Melbourne – West $731,000 -1.2% 10 Unit

The underperforming regional Victoria suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Avoca Ballarat $382,000 -6.9% 14 Space
2 Ventnor Latrobe – Gippsland $837,000 -6.0% 13 Space
3 Clunes Ballarat $506,000 -5.7% 12 Space
4 Mount Helen Ballarat $623,000 -6.8% 12 Space
5 Beaufort Ballarat $440,000 -2.6% 11 Space
6 Lorne Geelong $2,023,000 -3.6% 11 Space
7 Pretty Banks Geelong $714,000 -5.0% 11 Space
8 Corinella Latrobe – Gippsland $695,000 -4.3% 11 Space
9 Creswick Ballarat $514,000 -6.2% 11 Space
10 North Geelong Geelong $615,000 -2.7% 10 Space
1 Canadian Ballarat $412,000 -4.7% 9 Unit
2 Corio Geelong $400,000 -6.9% 7 Unit
3 Moe Latrobe – Gippsland $246,000 -2.2% 7 Unit
4 Mount Transparent Ballarat $394,000 -6.0% 7 Unit
5 Ocean Grove Geelong $836,000 -5.7% 7 Unit
6 Sebastopol Ballarat $346,000 -4.7% 6 Unit
7 Herne Hill Geelong $384,000 -5.2% 6 Unit
8 Belmont Geelong $530,000 -3.0% 6 Unit
9 Geelong Geelong $631,000 -4.7% 6 Unit
10 Highton Geelong $529,000 -4.1% 5 Unit

The underperforming Brisbane suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Sheldon Brisbane – East $1,579,000 6.0% 58 Space
2 Samford Valley Moreton Bay – South $1,631,000 3.5% 58 Space
3 Bunya Moreton Bay – South $1,529,000 8.7% 57 Space
4 Pullenvale Brisbane – West $1,956,000 7.2% 56 Space
5 Brookfield Brisbane – West $1,652,000 6.6% 55 Space
6 Cornubia Logan – Beaudesert $934,000 7.3% 54 Space
7 Kurwongbah Moreton Bay – South $871,000 -0.8% 48 Space
8 Springfield Ipswich $759,000 8.9% 46 Space
9 Camira Ipswich $708,000 8.4% 46 Space
10 Buccan Logan – Beaudesert $1,134,000 5.9% 46 Space
1 Springfield Ipswich $491,000 1.3% 44 Unit
2 Kenmore Brisbane – West $899,000 -0.4% 43 Unit
3 Ormiston Brisbane – East $543,000 3.7% 30 Unit
4 Carseldine Brisbane – North $589,000 7.1% 29 Unit
5 Bracken Ridge Brisbane – North $508,000 8.0% 24 Unit
6 Gordon Park Brisbane – North $520,000 7.1% 23 Unit
7 Herston Brisbane Internal Town $576,000 5.1% 22 Unit
8 Mount Gravatt Brisbane – South $586,000 7.9% 21 Unit
9 Redcliffe Moreton Bay – North $589,000 3.3% 21 Unit
10 Windsor Brisbane Internal Town $544,000 7.2% 20 Unit

The underperforming regional Queensland suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Tallebudgera Valley Gold Coast $1,989,000 5.2% 60 Space
2 Currumbin Valley Gold Coast $1,678,000 2.9% 54 Space
3 Ninderry Sunshine Coast $1,248,000 2.5% 53 Space
4 Rosemount Sunshine Coast $1,083,000 1.3% 48 Space
5 Glenview Sunshine Coast $1,270,000 2.2% 43 Space
6 Tanawha Sunshine Coast $1,598,000 1.9% 41 Space
7 Peachester Sunshine Coast $977,000 -0.9% 39 Space
8 Eumundi Sunshine Coast $1,210,000 4.1% 38 Space
9 Doonan Sunshine Coast $1,762,000 3.1% 35 Space
10 Woombye Sunshine Coast $835,000 -1.6% 34 Space
1 Pelican Waters Sunshine Coast $866,000 1.7% 31 Unit
2 Currumbin Waters Gold Coast $736,000 -0.1% 24 Unit
3 Mudgeeraba Gold Coast $727,000 4.8% 23 Unit
4 Burleigh Waters Gold Coast $734,000 1.9% 23 Unit
5 Dual Waters Sunshine Coast $1,203,000 4.6% 22 Unit
6 Broadbeach Gold Coast $789,000 4.5% 22 Unit
7 Elanora Gold Coast $687,000 1.2% 22 Unit
8 Currimundi Sunshine Coast $671,000 -0.4% 21 Unit
9 Transparent Island Waters Gold Coast $812,000 6.9% 21 Unit
10 Tugun Gold Coast $810,000 1.4% 20 Unit

The underperforming Adelaide suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Beaumont Adelaide – Central and Hills $1,640,000 8.6% 52 Space
2 Hawthorndene Adelaide – South $845,000 7.6% 43 Space
3 Stirling Adelaide – Central and Hills $1,276,000 7.0% 42 Space
4 Belair Adelaide – South $1,029,000 8.6% 42 Space
5 Wattle Park Adelaide – Central and Hills $1,401,000 8.3% 41 Space
6 Meadows Adelaide – Central and Hills $614,000 4.2% 40 Space
7 Aldgate Adelaide – Central and Hills $1,278,000 5.5% 39 Space
8 St Peters Adelaide – Central and Hills $1,968,000 4.7% 36 Space
9 Crafers West Adelaide – Central and Hills $1,024,000 6.4% 35 Space
10 Marleston Adelaide – West $809,000 8.3% 33 Space
1 Kurralta Park Adelaide – West $391,000 7.7% 24 Unit
2 Hove Adelaide – South $578,000 5.7% 22 Unit
3 Richmond Adelaide – West $478,000 2.9% 20 Unit
4 Henley Seaside South Adelaide – West $489,000 2.1% 20 Unit
5 Fullarton Adelaide – Central and Hills $595,000 2.6% 20 Unit
6 Somerton Park Adelaide – South $514,000 8.7% 18 Unit
7 Paradise Adelaide – Central and Hills $551,000 7.7% 18 Unit
8 Broadview Adelaide – Central and Hills $462,000 10.4% 17 Unit
9 Adelaide Adelaide – Central and Hills $487,000 4.4% 17 Unit
10 Mile Finish Adelaide – West $600,000 7.6% 17 Unit

The underperforming regional South Australia suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023. Gadgets excluded because of small pattern measurement.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Middleton South Australia – South East $916,000 9.5% 22 Space
2 Goolwa North South Australia – South East $680,000 8.7% 17 Space
3 Stumble upon Bay South Australia – South East $659,000 10.2% 16 Space
4 Goolwa South Australia – South East $545,000 9.2% 16 Space
5 Balaklava Barossa – Yorke – Mid North $320,000 8.8% 14 Space
6 Risdon Park Barossa – Yorke – Mid North $309,000 9.4% 14 Space
7 Gown South Australia – South East $585,000 6.4% 13 Space
8 Barmera South Australia – South East $325,000 9.7% 13 Space
9 Clare Barossa – Yorke – Mid North $429,000 -1.1% 12 Space
10 Goolwa Seaside South Australia – South East $556,000 8.6% 12 Space

The underperforming Perth suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Carine Perth – North West $1,347,000 8.2% 45 Space
2 Winthrop Perth – South West $1,166,000 12.5% 44 Space
3 Alfred Cove Perth – South West $985,000 4.8% 43 Space
4 Attadale Perth – South West $1,504,000 3.3% 42 Space
5 Carine Perth – North West $1,096,000 7.0% 41 Space
6 White Gum Valley Perth – South West $979,000 5.5% 40 Space
7 Woodlands Perth – North West $1,313,000 4.2% 39 Space
8 Floreat Perth – Internal $1,886,000 3.9% 38 Space
9 Applecross Perth – South West $1,914,000 7.7% 37 Space
10 East Fremantle Perth – South West $1,512,000 6.8% 36 Space
1 Hillarys Perth – North West $632,000 3.7% 19 Unit
2 Currambine Perth – North West $376,000 7.2% 19 Unit
3 Applecross Perth – South West $743,000 6.5% 19 Unit
4 Palmyra Perth – South West $506,000 5.5% 17 Unit
5 Bicton Perth – South West $532,000 5.4% 16 Unit
6 Yokine Perth – North West $441,000 7.7% 15 Unit
7 Melville Perth – South West $592,000 6.1% 14 Unit
8 Nedlands Perth – Internal $683,000 8.4% 14 Unit
9 West Leederville Perth – Internal $437,000 6.6% 13 Unit
10 Mount Lawley Perth – Internal $423,000 4.7% 13 Unit

The underperforming regional Western Australia suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023. Gadgets excluded because of small pattern measurement.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Gelorup Bunbury $721,000 5.0% 28 Space
2 Decrease Chittering Western Australia – Wheat Belt $862,000 3.8% 22 Space
3 Decrease King Western Australia – Wheat Belt $490,000 7.3% 15 Space
4 Bridgetown Bunbury $500,000 7.5% 15 Space
5 York Western Australia – Wheat Belt $357,000 0.9% 12 Space
6 Lockyer Western Australia – Wheat Belt $316,000 7.8% 11 Space
7 Rangeway Western Australia – Outback (South) $174,000 7.5% 11 Space
8 Mount Barker Western Australia – Wheat Belt $334,000 5.7% 11 Space
9 Narrogin Western Australia – Wheat Belt $265,000 2.0% 10 Space
10 Orana Western Australia – Wheat Belt $378,000 7.2% 9 Space

The underperforming Hobart suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Richmond Hobart $888,000 -10.1% 21 Space
2 Lauderdale Hobart $797,000 -8.7% 13 Space
3 Montrose Hobart $585,000 -9.6% 12 Space
4 Carlton Hobart $594,000 -13.3% 12 Space
5 Claremont Hobart $537,000 -7.9% 12 Space
6 Lenah Valley Hobart $762,000 -8.8% 12 Space
7 Dodges Ferry Hobart $590,000 -13.0% 11 Space
8 Rosetta Hobart $640,000 -10.1% 11 Space
9 Berriedale Hobart $564,000 -8.8% 11 Space
10 Chigwell Hobart $488,000 -9.3% 11 Space
1 Howrah Hobart $556,000 -13.6% 8 Unit
2 Kingston Hobart $563,000 -9.3% 8 Unit
3 Oakdowns Hobart $539,000 -11.0% 7 Unit
4 Sandy Bay Hobart $673,000 -10.1% 5 Unit
5 Blackmans Bay Hobart $585,000 -14.3% 4 Unit

The underperforming regional Tasmania suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 West Launceston Launceston and North East $625,000 -2.4% 12 Space
2 Waverley Launceston and North East $358,000 -1.3% 12 Space
3 Ravenswood Launceston and North East $343,000 -3.3% 11 Space
4 Legana Launceston and North East $673,000 -0.5% 10 Space
5 Penguin West and North West $552,000 -2.6% 10 Space
6 Ranelagh South East $674,000 0.2% 10 Space
7 Cygnet South East $647,000 -2.8% 10 Space
8 Riverside Launceston and North East $606,000 -1.1% 9 Space
9 St Leonards Launceston and North East $533,000 -2.6% 9 Space
10 Beaconsfield Launceston and North East $402,000 0.5% 9 Space
1 Newnham Launceston and North East $374,000 -2.2% 5 Unit
2 Latrobe West and North West $431,000 -5.9% 5 Unit
3 Prospect Vale Launceston and North East $448,000 -2.7% 5 Unit
4 Launceston Launceston and North East $519,000 -1.6% 3 Unit
5 Riverside Launceston and North East $458,000 -6.4% 3 Unit

The underperforming Darwin suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Millner Darwin $533,000 -5.8% 15 Space
2 Wagaman Darwin $515,000 -3.7% 15 Space
3 Leanyer Darwin $578,000 -1.8% 10 Space
4 Anula Darwin $515,000 -5.4% 10 Space
5 Ludmilla Darwin $625,000 -6.5% 10 Space
6 Jingili Darwin $543,000 -7.7% 9 Space
7 Moulden Darwin $369,000 -2.3% 9 Space
8 Speedy Creek Darwin $737,000 -8.4% 9 Space
9 Karama Darwin $451,000 -4.9% 9 Space
10 Alawa Darwin $518,000 -6.1% 8 Space
1 Leanyer Darwin $328,000 -7.6% 9 Unit
2 Malak Darwin $298,000 -6.4% 8 Unit
3 Brinkin Darwin $379,000 -2.8% 6 Unit
4 Marrara Darwin $339,000 -8.1% 6 Unit
5 Darwin Town Darwin $412,000 -3.9% 6 Unit
6 Karama Darwin $268,000 -4.2% 6 Unit
7 Fannie Bay Darwin $481,000 -3.9% 5 Unit
8 Motive force Darwin $278,000 -6.6% 5 Unit
9 Parap Darwin $396,000 -3.9% 5 Unit
10 Johnston Darwin $363,000 -1.2% 5 Unit

The underperforming regional NT suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023. Gadgets excluded because of small pattern measurement.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Desolate tract Springs Northern Territory – Outback $703,000 -5.7% 4 Space
2 Braitling Northern Territory – Outback $476,000 -4.9% 4 Space
3 Larapinta Northern Territory – Outback $432,000 -5.0% 3 Space
4 Sadadeen Northern Territory – Outback $437,000 -4.1% 3 Space
5 East Aspect Northern Territory – Outback $515,000 -4.3% 3 Space

The underperforming ACT suburbs with the most powerful purchaser call for

Supply: PropTrack. Suburbs ranked by way of enquiries consistent with checklist. Contains suburbs with worth enlargement lower than the respective Higher Capital Town Statistical House (GCCSA) and no less than 30 listings within the three hundred and sixty five days to the top of November 2023.
Suburb Area Median worth (AVM) YoY trade Key enquiries consistent with checklist Assets sort
1 Holt Australian Capital Territory $767,000 -2.4% 14 Space
2 Flynn Australian Capital Territory $870,000 -1.5% 13 Space
3 Giralang Australian Capital Territory $894,000 -0.9% 11 Space
4 Kaleen Australian Capital Territory $973,000 -1.2% 11 Space
5 Dunlop Australian Capital Territory $847,000 -4.2% 11 Space
6 Holder Australian Capital Territory $949,000 -1.8% 10 Space
7 Duffy Australian Capital Territory $962,000 -2.4% 10 Space
8 Latham Australian Capital Territory $807,000 -1.1% 10 Space
9 Nicholls Australian Capital Territory $1,182,000 -1.1% 10 Space
10 Ngunnawal Australian Capital Territory $782,000 -0.8% 9 Space
1 Narrabundah Australian Capital Territory $600,000 -1.5% 8 Unit
2 Calwell Australian Capital Territory $617,000 -1.6% 6 Unit
3 Ngunnawal Australian Capital Territory $626,000 -5.1% 6 Unit
4 Macquarie Australian Capital Territory $550,000 -1.9% 6 Unit
5 Watson Australian Capital Territory $569,000 -4.7% 5 Unit
6 Casey Australian Capital Territory $662,000 -3.2% 5 Unit
7 Harrison Australian Capital Territory $539,000 -2.6% 4 Unit
8 Hawker Australian Capital Territory $396,000 -2.0% 4 Unit
9 Braddon Australian Capital Territory $541,000 -3.5% 4 Unit
10 Reid Australian Capital Territory $531,000 -3.0% 4 Unit

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