The best suburbs to invest in Australia in 2023
If there’s one thing Aussies love to debate, it’s the state of the property market - and with the year we’ve just had, the debate is getting even more contentious. Unfortunately we’re left with more questions than ever, especially around what’s going to happen to the market in 2021.
If you’re looking to invest in property, knowing where to put your money might feel a little baffling. With the planned repeal of JobKeeper and JobSeeker on the horizon; border closures; a pause in student migration; and proposed changes to responsible lending standards, it’s safe to say that choosing a booming suburb is a little more complicated in the current climate.
While there’s still a bit of economic uncertainty ahead, some industry pundits are pointing to a handful of regions around the country that have not only recorded solid growth over the past year, but are expected to grow in 2021.
Wondering where you might get solid returns? Let’s take a look at these markets below.
Best suburbs to invest in NSW 2021
Best suburbs to invest in Victoria 2021
Best suburbs to invest in Queenland 2021
Best suburbs to invest in South Australia 2021
Best suburbs to invest in Western Australia 2021
Best suburbs to invest in Tasmania 2021
Best suburbs to invest in ACT 2021
Best suburbs to invest in Northern Territory 2021
A note on where we've sourced our data:
We’ve sourced data from SQM Research’s annual Boom and Bust Report. The forecast for 2021 includes four scenarios, and for the purpose of this article, when we talk about SQM’s forecasts for 2021, we are using data outlined in “scenario 1” which relies on the following factors for ongoing momentum:
- The cash rate remains unchanged at 0.1%
- Qualitative easing expands
- Outbreaks of Covid are contained through lockdowns
- JobKeeper extended to September Quarter 2021
- Progressive roll-out of the Covid vaccine
We also drill-down into suburb level data, using the same SQM Research report. Every suburb in the country is given a rating based on demographics, suburb price volatility, suburb supply, vacancy rates, mortgage stress, long-term price performance, household income growth, and more.
Please note, this is not to be taken as gospel. If you are looking to invest, we encourage you to undertake your own research.