Best sold or most popular suburbs

C

clouds

There are 6 Victorian suburbs in 10 most popular Australian suburbs list, as per News Limited article today...

http://www.news.com.au/finance/real-estate/where-everyone-wants-to-live/story-fncq3era-1226827388884

List goes on ....

Pakenham, VIC ? 806

Port Macquarie, NSW ? 792

Berwick, VIC ? 757

Dubbo, NSW ? 684

Point Cook, VIC ? 684

Frankston, VIC ? 677

Mildura, VIC ? 667

Craigieburn, VIC ? 633

Canning Vale, WA ? 616

Orange, NSW ? 607

Baldivis WA ? 581

Sunbury, VIC -576

Ellenbrook, WA ? 563

Gosnells, WA ? 559

Castle Hill, NSW ? 551

Kellyville, NSW ? 526

Blacktown, NSW ? 518

Reservoir, VIC ? 518

Baulkham Hills, NSW ? 517

Thornlie, WA ? 517

Buderim, QLD ? 511

Glen Waverley, VIC ? 509

Werribee, VIC ? 506

Please share your thoughts and add pro and cons..

Cheers
 
It's meaningless. For the houses, they seem to be mainly outer suburbs that are larger than average (and therefore would have a higher number of sales anyway), and have more new developments. For the units, they're mainly centres that have lots of high rises.

Number of sales isn't much of an indication of anything other than there are a lot of sales.
 
alexlee said:
It's meaningless. For the houses, they seem to be mainly outer suburbs that are larger than average (and therefore would have a higher number of sales anyway), and have more new developments. For the units, they're mainly centres that have lots of high rises.

Number of sales isn't much of an indication of anything other than there are a lot of sales.
Click to expand...

+1 from me.

"Pakenham, about 53km southeast from the Melbourne CBD is the most popular place to buy a house in Australia with a massive 806 changing hands in the past 12 months." :rolleyes:

Mostly mortgage belt and new suburbia with a few towns thrown in for VIC.
 
Interesting...

There's only a couple of places I didn't know on the list but they all have the land supply in common

Except for glen Waverley...
Is there a heap of apartments being built there? Or is it just that popular with the Chinese that locals are selling out to fund retirement?
 
Reservoir is interesting - not particularly "land rich" and no huge devs going on.

Perhaps realisation that it is a zone 1 suburb and still in the affordable range?

The Y-man
 
Port Mac - a combo of several new land areas being opened up at the same time, plus a large number of people leaving town due to Essential Energy (largest employer) shedding over 50% of their jobs (and more to go). Take up is mainly retirees and young families who hope to get jobs here (cough couch ya dreaming)
 
The Y-man said:
Reservoir is interesting - not particularly "land rich" and no huge devs going on.
Click to expand...

Reservoir is a massive, massive suburb. The same size as 3 or 4 'normal' Melbourne suburbs. Also a significant number of (often older) low-rise units.

Kambah in the ACT would be in a similar boat.
 
Sure there is popular demand as indicated by the number of sales.. demand alone is only 1 half of the equation though...you need to factor in the supply side as well.

No good chasing CG in areas where the supply outstrips the demand.
 
What a misleading list and stupid journalist/news article.

Having a lot of transactions just means the suburb is not tightly held, and there's lots of supply. It also potentially means investors/home owners are not holding on to their assets in that area for long. For me, this list would be a ranking of suburbs I'd want to avoid.

A suburb with only 3-4 transactions changing hand every so often, and 100 people at every auction, is where you want to buy.
 
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