Commuter suburbs drove growth during October

OUTER suburbs and towns within commuting distance in the three state capitals on the Eastern Seaboard saw the most home buying activity.

NSW

Value in the west

The western suburbs continue to dominate the growth in home-buying as families are pushed out of super expensive Sydney.

Perennial favourite Marsden Park is at the very top of the list of property purchases, followed by Ravensdale and Leppington.

Camden and Campbelltown also continued the “moving out” momentum, showing there is no slowing in the demand to find more affordable housing away from the harbour city’s inner residential suburbs.

As our special report from June highlighted, Sydneysiders have been heading west in droves since the area was designated as a priority development area as part of the NSW government infrastructure plan.

Marsden has seen the growth in the number of dwellings climb from just 2900 in 2017 to more than 4500 in the last census – and is expected to grow to close to 13,000 by 2046.

Further afield Bateau Bay, on the Central Coast, remained in the top 10, underscoring its appeal among lifestyle-driven property buyers.

VICTORIA

Fringe attraction

Tarneit continues to yo-yo up and down the leaderboard, once again taking top spot for Victorian property purchases.

It’s easy to see why. Located 25 kilometres from the CBD, its mixture of affordability, open spaces and relatively easy commute, make Tarneit a top pick for purchasers who want to be away from the bustle – and the cost – of downtown Melbourne.

Werribee holds its position in second place, with Melbourne City moving up to third.

Gippsland’s biggest city Traralgon sits at fourth on the table, showing a solid demand in regional markets as priced-out buyers move further afield.

Other areas seeing notable activity include Clyde North and Berwick, reflecting sustained growth in Melbourne’s outer suburbs.

QUEENSLAND

Morayfield leapfrogs Surfers Paradise to take top spot as Queensland’s hottest suburb for property purchases in October 2024.

It’s easy to see why the fast-growing suburb that is ideally positioned between Brisbane and the Sunshine Coast is a firm favourite.

The region has plenty to offer buyers, from affordability, family-friendly amenities, a strong sense of community, and scenic surroundings.

Property agents have been pointing out that there has been strong demand across the Moreton Bay region, even in usually quiet times of the year.

Southport also continues to attract buyers, ranking sixth, with demand extending to both Redbank Plains and Kirwan.