Hot 100 suburbs in Australian property market for 2024

By Evlin DuBose · · 2 min read
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Hot sun dawning on a house in one of Australia's hottest property markets.

Ready to become a home buyer? The Australian property market is a wonderful but volatile place. Home prices soared 5.5% last year nationwide and are expected to fly higher in 2024, despite high home loan interest rates. 

Unfortunately, this means the size of the home loan you need has gotten larger; same with the home loan deposit. But this also means that 2024 could be an incredible year for capital gains and home equity.

So with no shortage of buyer demand, and surprisingly large supply of homes for sale, let's break into realestate.com.au's predictions for the Hottest 100 Australian suburbs to watch in 2024. 

Australian property market in 2024 predictions

Map of Australia with a magnifying glass, property market predictions 2024.

Property trends can be hard to predict, but the realestate.com.au Hot 100  uses hard data to find the Australian property markets with the most potential in 2024.

Winners are rated by a panel of industry experts based on their:

  • Affordability. 
  • Lifestyle perks.
  • Family living appeal.
  • Location. 
  • Capital growth prospects for investors.
  • Projected population growth.
  • Demographic trends, including family and young worker growth, and gentrification.
  • Infrastructure serviceability, whether it’s public transport or roads. 

Affordability and capital growth may be top of mind for many first home buyers, but PropTrack emphasises that lifestyle factors, especially family-friendliness, help make a suburb 'hot' in 2024.

PropTrack also expects Adelaide and Perth to overshadow other capital cities, like Sydney, when it comes to strongest house price gains, mostly due to the impressively strong price growth they had in 2023.

However, PropTrack stresses that while there are no guarantees these Hot 100 suburb will perform, the list serves to highlight the choice of housing markets Aussie home buyers have.

"When it comes to looking to buy, people tend to focus their searches on areas they already know. But discovering new suburbs can help buyers broaden the range of areas they are willing to look in," says PropTrack economist Anne Flaherty.

"In the case where a buyer has been priced out of their desired suburbs, this can help in identifying more affordable areas offering them comparable attributes."

And since finding an affordable way into the property market is half the battle, especially in Sydney, Melbourne, and Canberra, the Hot 100 list gives keen home buyers a place to start. 

Hot 100 Suburbs for 2024 in Australia

New South Wales (NSW)

AlexandriaBurwoodEttalong BeachMayfield
ArmidaleDee WhyGlenmore ParkMosman
Avalon BeachDubboHamiltonNew Lambton
BerowraEdmondson ParkKincumberNorthbridge
BurwoodElizabeth BayMaitlandRaby

Victoria (VIC)

AlbionBerwick
Croydon South
Mooroolbark
Altona MeadowsBurwoodDelacombeMurrumbeena
ArdenCarrumFerntree GullyRippleside
Ballarat EastCheltenhamMentoneThomastown
BelmontChurchillMicklehamWatsonia

Queensland

Arundel
Caloundra West
Gladstone
Sippy Downs
BeaudesertClevelandKeperraSouthport
BrightonDarling HeightsMaryboroughSpringfield Lakes
BulimbaDarraMorayfieldTaringa
CairnsElanoraPetrieTownsville
WoolloongabbaYeppoon

South Australia (SA)

Alberton
Morphett Vale
Richmond
Kilkenny
Ardrossan
Mount GambierSalisburyPort Noarlunga
HahndorfParafield GardensSeafordVictor Harbor
Hallett CovePaynehamThebartonWest Lakes Shore
Whyalla

Western Australia (WA)

Armadale
Fremantle
Noranda
Tuart Hill
BayswaterGeraldtonQuinns RocksVictoria Park
BusseltonMandurahRockingham

Tasmania (TAS)

BurnieInvermayNorth Hobart
DevonportKingstonRokeby

Australian Capital Territory (ACT)

Dickson
Holt
Waramanga

Northern Territory (NT)

Darwin

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Last updated 11 September 2024 Important disclosures and comparison rate warning*

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