Hot 100 suburbs in Australian property market for 2024

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'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 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)

Croydon South
Altona MeadowsBurwoodDelacombeMurrumbeena
ArdenCarrumFerntree GullyRippleside
Ballarat EastCheltenhamMentoneThomastown


Caloundra West
Sippy Downs
BrightonDarling HeightsMaryboroughSpringfield Lakes

South Australia (SA)

Morphett Vale
Mount GambierSalisburyPort Noarlunga
HahndorfParafield GardensSeafordVictor Harbor
Hallett CovePaynehamThebartonWest Lakes Shore

Western Australia (WA)

Tuart Hill
BayswaterGeraldtonQuinns RocksVictoria Park

Tasmania (TAS)

BurnieInvermayNorth Hobart

Australian Capital Territory (ACT)


Northern Territory (NT)


Hoping to become a home buyer in 2024? Compare low interest rate home loans below to get started.

Compare low interest rate home loans - last updated 28 May 2024

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Offset Home Loan

    Package, Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.14% p.a. variable
    6.39% p.a.

    Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.

  • Discount Variable Home Loan

    Owner Occupier, LVR<70%

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a. variable
    6.01% p.a.

    A low rate home loan for owner-occupiers packed with great features including unlimited extra repayments, free online redraw, no application or monthly admin fees. Rate will vary depending on LVR. Winner of a Mozo Experts Choice 2024 Low Cost Home Loan Award^

  • Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.54% p.a.
    fixed 2 years
    7.10% p.a.

    Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.

  • Basic Home Loan

    Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.14% p.a. variable
    6.16% p.a.

    Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Flexibility to split your loan and set different repayment types. Fee free redraw from your loan using online banking. Flexible ways to repay. 40% Deposit required.


* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.