The Cities And Suburbs Tipped To Boom In 2018 – Australia

www.sokudo.com.auWith Billions of searches on realestate.com.au, we pinpoint the pockets that people are now turning to in their property hunts.

In 2017 the property landscape shifted as prices became red hot in Sydney and Melbourne and people began to look elsewhere.

With demand in our two biggest cities continuing to cool, where will the next hotspots be?

Conditions have been tough in Perth for quite some time, but green shoots of recovery now appear to be emerging.

Demand on our site from buyers has consistently risen each month and is now up 12% from a year ago.

This steady rise has not yet translated to price growth across the metro region, however there are some suburbs that are starting to increase.

The places seeing the highest demand are the premium suburbs, with the inner west and northern beaches expected to be the top performing areas in 2018.

Demand from buyers in Hobart started to pull away from the Australian average in mid 2015 and by 2017 the Tasmanian capital had recorded the strongest price growth of all capital cities.

Hobart is in very strong demand right now and importantly, this demand appears to be driven by jobs growth.

Rental demand is also red hot which is an indicator of strong employment prospects in a region.

The Tasmanian economy is changing; employment growth used to revolve around government and agriculture, but now it’s much more diverse with tourism and education developing into major industries.

The top suburb in Hobart? West Hobart was recently ranked as the third most sought-after suburb in all of Australia in 2017.

While Hobart was the star performer of 2017, many buyers were also banking on price rises in the South Australian capital.

This didn’t quite happen, however 2018 is looking far more positive for Adelaide with a number of suburbs now featuring in the ‘fastest movers’ list (suburbs that are rising in popularity the most quickly).

The locations that are likely to be most attractive are the inner suburbs of Adelaide, as well as the bucolic Adelaide Hills, which holds great appeal for tree changers.

Like Perth, prices are still going backwards in Townsville, but some early signs of recovery are starting to show.

Castle Hill, one of the most in demand suburbs in Townsville, is about to hit a $1 million median.

In September, a Townsville property was the most clicked property going to auction in Queensland, a spot usually taken by homes in Brisbane or the Gold Coast.

All this points to Townsville being in the very early stages of recovery.

Central Coast continues to be a star performer on realestate.com.au and despite Sydney cooling, demand still appears to be holding up.

Similar to Hobart, the Central Coast economy is changing.

As more Sydneysiders move there for a more relaxed lifestyle and more affordable homes, business growth has in turn been spurred along and the region is now the top searched location for commercial property on realcommercial.com.au, ranking above both Sydney CBD and Parramatta.

The top location right now is Springfield – its affordability has made it is number one for buyers and renters alike.

Darwin joins Townsville and Perth as a city to watch.

While prices are still going backwards, demand is slowly picking up.

The city is small, but it is the northern suburbs – close to Charles Darwin University – that continue to see the highest levels of demand.

The most popular suburb right now is Jingili.

It takes just one hour by train to travel from Ballarat to Melbourne and this proximity is ramping up demand for suburbs located close to the train line.

Ballarat’s train line is also getting a major upgrade and while that may cause some travel delays, in the long run, any improvements will make it a better experience for commuters.

The suburbs to watch are those that appeal to first home buyers, particularly those within walking distance to central Ballarat.