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:
- St Kilda West
- Albert Park
- Port Melbourne
- Caulfield
- Elsternwick
Brisbane, Queensland
Brisbane is reckoned for its thriving lifestyle, food and affordability while it is a metropolitan city. Its popular suburbs include the following.
- South Brisbane
- Dutton Park
- Spring Hill
- Kangaroo Point
- Corinda
Perth, Western Australia
Perth is a delightful and beautiful city. It is also a place with several flourishing suburbs among which the following are the best.
- Stratton
- Brookdale
- Koondoola
- Lockridge
- Armadale
Adelaide, Southern Australia
Adelaide is another thriving capital city that provides its occupants a great lifestyle and has the following best suburbs.
- Tennyson
- Walkerville
- Glenunga
- Semaphore
- Prospect
Canberra, Australian Capital Territory (ACT)
Canberra is also a popular city of Australia and over the years, its suburbs (mentioned below) have witnessed tremendous growth.
- Barton
- Yarralumla
- Forrest
- Deakin
- Red Hill