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Best Aussie suburbs to buy your home

They’re the suburbs with bigger houses near key amenities – and the lower prices mean home buyers can get better bang for their buck.

Aussie home seekers looking to make the next move up the property ladder have been handed a cheat sheet of where they can get more value in each major city without sacrificing convenience.

The research from PRDnationwide considered average property sizes, amenities such as schools, shopping centres and hospitals, along with property prices and their potential to grow.

SEE LIST OF BEST SUBURBS BELOW

PRD chief economist Diaswati Mardiasmo told the Herald Sun the aim was to identify areas where families will feel confident knowing their house will grow with them.

“They’ll benefit from high capital growth down the track,” she said.

The findings varied across each capital, with outer suburbs near new infrastructure dominating in Melbourne, while gentrifying suburbs in the Greater Parramatta region and southwest emerged tops in Sydney.

Some of Brisbane’s best picks for families were in the city’s northwest and inner southeast. A belt of suburbs south of Brighton were among the suburbs flagged as good options for upsizers in Adelaide.

The PRD research also identified the best suburbs for downsizers looking for an apartment or unit, considering factors such as security, amenities and proximity to the CBD.

Suburbs’ appeal for downsizers were also assessed based on the share of mixed use developments in the pipeline, meaning more opportunities to purchase.

The Gold Coast was considered one of the best markets for downsizers to find lifestyle apartments, along with parts of Melbourne’s inner north and Sydney’s Ryde region.

It comes as PropTrack forecasts showed national property prices were on track to rise by about 2-5 per cent over 2023.

Perth was expected to see the largest price gains at 4-7 per cent, followed by Sydney and Adelaide at 3-6 per cent. Hobart and Darwin were the only capitals were prices were forecast to drop.

SOME OF THE BEST SUBURBS FOR UPSIZERS/DOWNSIZERS

ADELAIDE

Upsizers: Woodcroft

Downsizers: Parkside

See the full Adelaide list and search the interactive

HOBART

Upsizers: Kingston

Downsizers: New Town

See the full Hobart list and search the interactive

MELBOURNE

Upsizers: Epping

Downsizers: Preston

See the full Melbourne list and search the interactive

SYDNEY

Upsizers: Bexley

Downsizers: Ryde

See the full Sydney list and search the interactive

BRISBANE

Upsizers: Green Bank

Downsizers: West End

See the full Brisbane list

The post Best Aussie suburbs to buy your home appeared first on Australian News Today.



This post first appeared on Australian News Today, please read the originial post: here

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