A recent report from realestate.com.au has identified the suburbs where Australians most frequently search for property. The data is measured in views on properties listed for sale, and the areas of interest may not be what you expect.
- Aldgate, South Australia
The fifth most searched suburb in Australia is the Adelaide Hills region of Aldgate, which has a median house price of $727,500.
This suburb is 20 kilometres from the CBD, promising spacious properties with affordable pricing, allowing for rural charm and utility without being so removed from the city that an owner is isolated.
This suburb is a consistent performer in the real estate market, tipped as a rising market last year.
- Red Hill, Victoria
The only Victorian entry in the top 5, the most popular suburb in Melbourne was Red Hill, with a median house price of $1.417 million.
This small suburb is considered to be one of the Mornington Peninsula’s tourist hubs – viewership likely tied to appreciation of picturesque properties and the appraisal of the suburb as a travel destination.
- Crafers West, South Australia
The second Adelaide Hills entry on the list, Crafrers West sees a median house price of $640,500 and is speculated to be increasing in popularity due to generation changes.
“It’s always been popular but in the last year or two there’s been a bit more of a move up to the Hills,” said LJ Hooker Stirling Principal Josh Biggs, speaking to The Advertiser. “There’s a bit of generational change (and) definitely I think affordability is a big thing.”
Mr Biggs went on to say that Crafers West represents good value for money. For about $700,000, a buyer can find a four bedroom home with two bathrooms on half an acre.
- Battery Point, Tasmania
Battery Point, also appearing on the 2017 list, is the second most popular suburb for property hunters. Like Red Hill, this suburb is home to pricey properties, with median house price at $1.275 million.
It is likely that the views this suburb attracts are more wishful than practical – many viewers admiring spectacular luxuries rather than seeking a home to buy.
Over the past 12 months, Battery Point listings receive about four times as many views as the average Tasmanian listing.
- South Hobart, Tasmania
According to this data, South Hobart is the most in-demand suburb in the country – the region retaining its number-one spot from last year’s report.
Though located in the same state as the previous entry, this suburb contains very different homes, with median prices which are roughly half of Red Hill’s.
Nerida Conisbee, the chief economist of realestate.com.au, explained this popularity to The Mercury, saying that, “The proximity to the city and the lifestyle on offer drive South Hobart’s popularity.
“With its median around the $600,000 mark, South Hobart is far more affordable for younger buyers than the premium prices paid for Battery Point property.”
With much of this internet interest apparently coming from Melbourne, South Hobart seems to represent an affordable escape from a standard metropolitan lifestyle, proximity to the city meaning convenience is not sacrificed.
Given the consistent appearance of Tasmanian suburbs over the years, there is clearly something about these areas, both expensive and affordable, which Australians cannot look away from.