Find out which locations are primed for long-term gains and what makes them stand out
Australia’s top 10 emerging million-dollar suburbs have been identified in a new research from buyers’ agency Propertybuyer and property research firm Hotspotting, highlighting areas with strong long-term growth potential.
New South Wales’ Chittaway Bay on the Central Coast was singled out as a prime example of a 20-minute suburb, where residents have easy access to work, shopping, and recreational activities. Located near Tuggerah Business Park and Westfield Tuggerah, the suburb benefits from proximity to employment hubs and ample amenities, including parks, bike paths, and waterfront areas.
“Chittaway Bay offers a desirable lifestyle, it has job nodes, good access to transport and plenty of community amenities including a lakefront, which includes many kilometres of bike and walking trails plus public parks,” said Rich Harvey (pictured above left), chief executive of Propertybuyer.
In Queensland, Wynnum West on Brisbane’s bayside was highlighted as an undervalued market now on a growth trajectory, with the suburb offering a bayside lifestyle within commuting distance of the Brisbane CBD, close to major job centres, including Brisbane Airport and the Port of Brisbane.
“Wynnum West has historically been overlooked, but it has seen consistent price growth over the past two years and is well-positioned for further capital gains,” said Terry Ryder (pictured above right), director at Hotspotting.
South Australia’s Flinders Park was also featured, with Harvey noting its proximity to Adelaide’s CBD, beaches, and green spaces along the River Torrens.
As more suburbs near the million-dollar median price mark, the study aims to pinpoint those with the most promising fundamentals for future capital growth.
According to Harvey, the selected suburbs all display positive economic indicators, including population growth, lifestyle appeal, employment opportunities, and robust infrastructure.
“These million-dollar suburbs aren’t chosen at random,” Harvey said. “They are well-established areas, not new developments at risk of oversupply. They’re desirable locations with strategic positioning and amenities that support ongoing price growth.”
He added that many of these suburbs are on the cusp of reaching the million-dollar median price point, providing an opportunity for savvy buyers to invest before prices rise further.
“These suburbs are typically undergoing gentrification, which supports ongoing capital growth,” Harvey said. “By buying before they fully hit the million-dollar mark, investors can benefit from strong price appreciation over the coming years.”
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