Prices on Up

Property searches in some of Australia’s most sought-after suburbs have risen more than 40% in the past year.

PropTrack economist, Anne Flaherty, says the data of where online searches are increasing for properties, is a solid indicator of where there will be future price growth.

“A rise in searches in a suburb indicates a rise in demand and more competition for those properties that hit the market,” she says.

Many of the areas where searches were up had experienced stronger rates of population growth.

In Western Australia Balcatta (42%), Tuart Hill (41.2%) and Padbury (38.7%) had the biggest increase in demand.

In New South Wales Fairfield had the biggest increase of 18%, followed by Campbelltown (17%), and Blacktown and Merrylands (both up 16%).

In Melbourne, Coburg North had the biggest increase in searches (19.2%) followed by Pascoe Vale (19%) and Glenroy (18.5%).

Brisbane searches increased the most in Alderley (21.9%), Lutwyche (21.1%) and Morayfield (20.3%).

You may also like

The first of Australia’s big banks has moved to drop fixed interest rates a month ahead of the Reserve Bank

Listings are starting to lift with some locations now at higher levels since the start of the pandemic, according to

Australia’s house prices have chalked up eight consecutive quarters of growth. Domain’s latest House Price Report shows the December quarter

Book a chat