Affordability and attractive investment returns have driven buyers from home and real estate investors to the regions or the outer city edge, with 25 better -performing hotspots that pop up throughout the country.
The newest Proptrack Home price index shows that the national real estate prices have reached a new record high in August, but there are pockets in every state where prices grow even faster.
Analysis of the most popular SA4 regions in each state has shown that affordability is the most important ingredient behind the outperformance in the past 12 months, with some prices in some locations that grow four times faster than their respective capital or region.
There are 107 SA4 regions throughout Australia, which are geographical areas that are defined by the Australian Bureau of Statistics with a minimum population of at least 100,000 people. They are usually larger than local government areas (LGA) and sometimes have similar names, although the limits differ.
Jump ahead to see the best performing areas in:
These flourishing markets are spread over metropolitan and regional areas of Australia, but most of them offer relatively affordable homes or seductive investment potential.
For example, while Melbourne registered the annual price growth of 2.1% in August, the median housing values in the northwest of the city grew by 7.9%, which performed almost four times better than the growth rate of the capital city.
It was a similar story in Sydney, with houses in the southwest of the city with 8.0% during the year compared to 3.7% in the entire city.
And the solid growth rate of the regional Queensland of 9.9% was left by the leading price jump of Townsville in the past 12 months.
The Southeast region in South Australia, which takes Mount Gambier, registered the strongest growth in house prices in the state. Photo: Getty
Rea Group Senior Economist Eleanor Creagh said that affordability remains an important factor for buyers of Huizen.
“More affordable regions have been performed better in the past year, with strength in buying a house in these regions, while buyers push the price curve down,” she said.
“With three RBA rate reductions that were delivered this year and further reductions, the loan costs have been relaxed, sentiment have improved and the demand has been rebuilt while we enter into the spring sales season.”
Queensland: Investors come to the distant north
The Townsville region in the distre Noord -Veensland not only led to the Sunshine State, but also for Australia, with the annual median house price that jumped 17.6% to $ 569,000 in August 17.6%.
Capital city and regional price growth
| Queensland | Annual price change | Median house price |
| Brisbane | 9.6% | $ 936,000 |
| Regional Qld | 9.9% | $ 738,000 |
The growth of the house price has already been strong in Brisbane and the rest of Queensland, where the annual median house prices rose by 9.6% and 9.9% respectively.
Top 5 better performing locations in Qld
| Location | Annual price growth | Median home price | ||
| 1 | Townsville | Rest of Qld | 17.6% | $ 569,000 |
| 2 | Mackay – Isaac – Whitsunday | Rest of Qld | 14.7% | $ 565,000 |
| 3 | Central Queensland | Rest of Qld | 14.3% | $ 547,000 |
| 4 | Toowoomba | Rest of Qld | 14.2% | $ 697,000 |
| 5 | Wide bay | Rest of Qld | 11.5% | $ 622,000 |
Kody Dart, broker at Belle Property Townsville City Central and beaches, said that house prices in Townsville had risen rapidly, but they were still relatively affordable compared to Southeast -Queensland.
“A lot of money is now being pumped into the city, with a lot of new infrastructure, so the construction industry goes Bonkers,” he said.
![Australia, Townsville. Qld](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 800 450"%3E%3C/svg%3E)
The Townsville region registered the annual median house price growth of 17.6%in August. Photo: Getty
Mr Dart said that infrastructure projects such as the expansion of the port of Townsville are stimulating confidence in the city.
Townsville also has an important defense base, and Defense Housing Australia had invested in extra homes in the region, he said.
“One of the most important issues is supply and demand because we just don’t have enough houses to support population growth here,” he said.
“We have seen an inflow of investors – everyone jumps in Townsville to get into the capital.
“I think we will be extremely busy with constant growth in the coming 12 months.”
New South Wales: Families descend on affordable hotspots
The Sydney South West region, including Liverpool, Austral and Oran Park, was at the forefront of New South Wales with an annual house price growth from 8% to a median $ 1.12 million.
Capital city and regional price growth
| NSW | Annual price change | Median house price |
| Sydney | 3.7% | $ 1.201,000 |
| Regional NSW | 4.4% | $ 734,000 |
The region surpassed the median house price growth in Sydney and the rest of the state, where prices rose by 3.7% and 4.4% respectively.
Top 5 better performing locations in NSW
| Location | City or region | Annual price change | Median house price | |
| 1 | Sydney – South West | Capital | 8.0% | $ 1,178,000 |
| 2 | Murray | Regional NSW | 7.8% | $ 484,000 |
| 3 | Far West and Orana | Regional NSW | 6.7% | $ 321,000 |
| 4 | Hunter Valley Exc Newcastle | Regional NSW | 6.5% | $ 712,000 |
| 5 | New England and North West | Regional NSW | 6.4% | $ 442,000 |
Bjay Paul, broker at Raine & Horne Leppington-Austral, said that families were on their way to the southwest looking for affordable homes.
“It is an affordable area and it has been for quite some time, so the flow of buyers is quite important compared to other areas,” he said.
“So many people flow at this location, so demand has grown and when demand is increasing, the prices do that too.
“There has been a lot of growth here and a lot of infrastructure and facilities have come to the area, such as schools, shopping centers and roadupgrades.”
“Many families come here because they want their families to grow and they want to be able to buy a house with a back garden.
“The prices will continue to rise here, and I think it can be priceless at some point.”
Victoria: Regional hotspots lure real estate investors
In Victoria, the median house price in the Noordwest region, which includes Mildura and Horsham, 7.8% to $ 391,000 during the year to August.
Capital city and regional price growth
| Victoria | Annual price change | Median house price |
| Melbourne | 2.1% | $ 830,000 |
| Regional Vic | 2.6% | $ 561,000 |
The region exceeded the annual median house price in Melbourne (2.1%) and the rest of Victoria (2.6%).
Top 5 better performing locations in Victoria
| Location | Annual price growth | Median home price | ||
| 1 | Northwest | Rest of Vic. | 7.9% | $ 391,000 |
| 2 | Shepparton | Rest of Vic. | 5.2% | $ 472,000 |
| 3 | Bendigo | Rest of Vic. | 4.3% | $ 599,000 |
| 4 | Ballarat | Rest of Vic. | 4.2% | $ 534,000 |
| 5 | Melbourne – Northwest | Bigger Melbourne | 4.2% | $ 742,000 |
Brenton Love, real estate agent and director at Barry Plant Mildura, said that affordability and strong rental yields were ruined real estate investors to the Northwest region.
“We see many investors coming from outside the area here,” he said.
“We still have many occupiers from the owner, whether they are first-home buyers or upgrade people on the market, but they compete against many investors.
Mildura is located in the Noordwest region, where the median house price has grown by 7.9% in the past year. Photo: Getty
“Affordability and rental income are the two driving forces for us – there is a shortage of rental properties here and rental prices are rising.
“It is also relatively affordable to buy a house here compared to somewhere such as Melbourne, so people see a better price -quality ratio here.”
The house with four bedrooms on 17 Flynn Drive, Mildura in the Northwest region of Victoria has recently been traded for $ 840,000. Photo: realestate.com.au/sold
“Local buyers who try to enter the market is currently fighting because it is so competitive.”
“I think we have another 12 months of really big demand and a lack of supply.”
Hotspots around the rest of the country
In South Australia, the median house price in the Southeast region of the State, including Mount Gambier and Murray Bridge, rose 14.0% to $ 525,000 in the 12 months to August.
Capital city and regional price growth
| South Australia | Annual price change | Median house price |
| Adelaide | 9.0% | $ 853,000 |
| Regional SA | 13.3% | $ 467,000 |
It surpassed the growth of 9.0% and 13.3% in the annual median house prices registered in Adelaide and the rest of South Australia respectively.
Top 5 better performing locations in South Australia
| 1 | South -Australia – Southeast | Rest of sa | 14.0% | $ 525,000 |
| 2 | Barossa – Yorke – Mid North North | Rest of sa | 13.4% | $ 474,000 |
| 3 | Adelaide – South | Larger Adelaide | 10.2% | $ 883,000 |
| 4 | Adelaide – North | Larger Adelaide | 9.7% | $ 741,000 |
| 5 | South -Australia – Outback | Rest of sa | 9.7% | $ 321,000 |
The West -Australia region, the home base of suburbs such as Northam and Narrogin, saw the strongest median house price growth in the state for the year until August.
Capital city and regional price growth
| By | Annual price change | Median house price |
| Perth | 9.2% | $ 865,000 |
| Regional of the | 9.9% | $ 559,000 |
Top 5 better performing locations in West -Australia
| 1 | West -Australia – wheatbelt | Rest of wa | 13.6% | $ 527,000 |
| 2 | West -Australia – Outback (South) | Rest of wa | 11.2% | $ 425,000 |
| 3 | Mandurah | Perth | 11.2% | $ 736,000 |
| 4 | Perth – Northeast | Perth | 10.5% | $ 833,000 |
| 5 | Perth – Southeast | Perth | 9.9% | $ 816,000 |
Median house prices rose 13.6% to $ 527,000 in the region, compared to 9.2% in PerTH and 9.9% for the rest of WA.
The house with three bedrooms in Garfield Street 37, Narrogin in the West -Australia – Wheat Belt region was recently purchased for $ 550,000. Photo: realestate.com.au/sold
In Tasmania, where there are only four SA4 regions, the West and Northwest region, including suburbs such as Devonport and Wynyard, saw the strongest house price growth in the state.
A home buyer recently paid $ 1,775 million for the house with eight bedrooms on 19 Bourkes Road, Wynyard in the West region and northwest of Tasmania. Photo: realestate.com.au/sold
The median house price of the region rose by 5.3% to $ 494,000, compared to 3.1% in Hobart and 4.3% in the rest of Tasmania.
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