Hot Locations

Overview

Buying and selling of any residential property is a significant decision and making it wisely is crucial because its effects are long-term. Without proper guidance and understanding of current market trends, you can end up paying more than necessary for a house, apartment, land for development or other residential property. The reverse of this can happen as without assistance of certified property valuers like us, you cannot estimate the actual cost of your property and end up selling it for an inaccurate price.

Therefore, get in touch with us now if you are planning to buy or sell a residential property. In addition to providing the best valuation services in Australia, we can advise you on top residential hot-spots and share forecasts for good investments.

Here are the details of median prices for residential properties in major capital cities of Australia, upcoming hot locations and more.

Eight Capital Cities’ Median Residential Property Values

According to information available on the Housing Data Dashboard of the Australian Government, these are the median property value for buying and renting.

Sydney

Houses for buying: $1, 224, 613
Houses for renting: $570 per week
Units for buying: $794,193
Units for renting: $470 per week

Melbourne

Houses for buying: $929,769
Houses for renting: $430 per week
Units for buying: $610,043
Units for renting: $380 per week

Brisbane

Houses for buying: $657,551
Houses for renting: $450 per week
Units for buying: $415,536
Units for renting: $400 per week

Adelaide

Houses for buying: $551,538
Houses for renting: $430 per week
Units for buying: $359,359
Units for renting: $370 per week

Perth

Houses for buying: $550,099
Houses for renting: $450 per week
Units for buying: $395,979
Units for renting: $400 per week

Hobart

Houses for buying: $652,092
Houses for renting: $500 per week
Units for buying: $492,748
Units for renting: $430 per week

Canberra

Houses for buying: $877,311
Houses for renting: $640 per week
Units for buying: $501,754
Units for renting: $510 per week

Darwin

Houses for buying: $567,842
Houses for renting: $580 per week
Units for buying: $337,048
Units for renting: $420 per week

Latest Hot Spots For Residential Properties

Even though the COVId-19 Pandemic impacted the property markets of Australia severally in the year 2020, they have survived tremendously well and many locations have emerged as the ‘IT’ places to buy, sell or rent residential properties. Listed below are median house prices and weekly rental values

Bendigo, Victoria
Action/Property Type	2BHK House	2BHK Unit	3BHK House	3BHK Unit
Buy	$440,000	$426,750	$550,00	455,000
Rent Per Week	$320	$280	$373	$280

Rockingham, Western Australia
Action/Property Type	2BHK House	2BHK Unit	3BHK House	3BHK Unit
Buy	$410,000	$220,000	$347,500	339,000
Rent Per Week	$280	$310	$350	$390

Toowoomba, Queensland
Action/Property Type	2BHK House	2BHK Unit	3BHK House	3BHK Unit
Buy	$418,000	–	$441,250	$283,250
Rent Per Week	–	$265	$350	$320

Blacktown, New South Wales
Action/Property Type	2BHK House	2BHK Unit	3BHK House	3BHK Unit
Buy	$690,500	$414,70	$750,00	$590,00
Rent Per Week	$350	$360	$420	$425

Orange, New South Wales
Action/Property Type	2BHK House	2BHK Unit	3BHK House	3BHK Unit
Buy	$405,000	$327,000	$453,750	$442,500
Rent Per Week	$340	$320	$400	$400

Best Suburbs Across Australia

Over the years, many people have moved from cities to their suburbs for better lifestyle, peace, greenery and spaciousness. Unlike cities, most urban suburbs have better safety, sense of community, cheerful neighbourhoods and parks. Plus, they have capacious and good schools, making suburbs attractive to people with families or those planning to have children.

If you are among them, here is a list of the best suburbs across Australia that you can consider for having a home. If you do wish to buy or sell a property in these areas or any other region of Australia, feel free to call or email us for availing our property valuation and advisory services.

Sydney, New South Wales

Sydney is the international city of Australia and among the best places to live in the country are here, such as:

Hornsby
Oatley
Dulwich Hill
Jannali
Waverton

Melbourne, Victoria

Melbourne has always been close behind Sydney when it comes to growth and being a melting pot with several communities. It has a host of good suburbs such as: