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Top Selling Suburbs in Australia by State – August 2024

September 5, 2024
top selling suburbs in australia

When it comes to buying property, knowing where properties are flying off the shelves can make all the difference. Soho’s monthly report on the top-selling suburbs in Australia is here to help you out.

By digging into the data on the suburbs with the most sales in each state, you’ll get a clearer picture of where the demand is strongest, helping you make choices that really work for you.

We’ve also included data on houses vs units sold so you can see how property type is performing in each of those markets.

Whether you’re aiming for a solid return on investment, hunting for your next home, or just keeping an eye on market trends, this guide is your go-to for making sense of it all.

How to Use Our Data on Top Selling Suburbs: Expert Guide

When it comes to making smart property decisions, data is your best friend. Here’s how to use Soho’s data report effectively:

  • What to Look For: Focus on suburbs with the highest sales volumes. High demand often indicates a desirable location, whether due to amenities, schools, transport links, or lifestyle factors.
  • How It Helps: If you’re a buyer, targeting these areas can mean a solid investment with good potential for future growth. For sellers, knowing your suburb is in high demand allows you to price your property competitively and attract serious buyers.

2. Understand Price Trends

  • What to Look For: Examine the average sale prices in top-selling suburbs. Are prices trending up or stabilising?
  • How It Helps: Investors can use this data to gauge the potential return on investment. If you’re a buyer, understanding price trends can help you time your purchase to get the best value. Sellers can use this information to set realistic expectations and pricing strategies.

3. Spot Emerging Markets

  • What to Look For: Look for suburbs that have recently joined the ranks of top sellers but weren’t on the list before.
  • How It Helps: These emerging markets could be the next big thing. As an investor or buyer, getting in early on a rising suburb can offer significant long-term gains. Sellers in these areas might benefit from the early buzz and increased buyer interest.

4. Assess Market Stability

  • What to Look For: Consistency in sales volume across multiple months can indicate market stability.
  • How It Helps: Stable markets are often less risky for both buyers and investors. If you’re looking for long-term growth or a steady rental income, focusing on these areas can be a smart move.

5. Compare Across States

  • What to Look For: Don’t just focus on your local market—compare top-selling suburbs across different states.
  • How It Helps: If you’re an investor, this broader perspective can help you diversify your portfolio. Buyers moving interstate can use this comparison to find similar value and amenities in their new location.

6. Timing Your Decision

  • What to Look For: Seasonal trends and fluctuations in sales volumes.
  • How It Helps: Certain times of the year might be better for buying or selling. Understanding these patterns can help you time your move to take advantage of peak selling or buying periods.

Top Selling Suburbs in New South Wales Last Month

Browse all recently sold properties in NSW here.

SuburbHouses SoldUnits SoldAverage Sale Price
Blacktown2615$821,250
Merrylands2316$1,011,700
Port Macquarie269$807,000
Dubbo342$616,692
Tamworth273$587,755
Strathfield1413$2,609,400
Greystanes261$1,357,600
Liverpool121$614,159
Moama32$352,682
Grafton192$485,048

Explore more properties for sale in NSW in your favourite suburbs.

Top Selling Suburbs in Victoria Last Month

Browse all recently sold properties in VIC here.

SuburbHouses SoldUnits SoldAverage Sale Price ($)
Melbourne020$442,463
Hawthorn216$736,000
Docklands015$684,633
South Yarra111$761,250
Boronia1110$674,542
Southbank09$611,222
Reservoir149$762,278
St Kilda09$502,944
Prahran39$613,500
Nunawading47$887,909

Explore more properties for sale in VIC and your favourite suburbs in the state.

Top Selling Suburbs in Queensland Last Month

Browse all recently sold properties in QLD here.

SuburbHouses SoldUnits SoldAverage Sale Price ($)
Southport314$763,143
Kings Beach014$1,076,070
Surfers Paradise211$729,778
Labrador2211$735,614
Fortitude Valley09$510,714
Coorparoo19$726,611
West End39$835,125
Palm Beach39$1,166,360
Hope Island118$1,308,450
Biggera Waters48$795,214

Explore more properties for sale in QLD and your favourite suburbs in the state.

Top Selling Suburbs in Western Australia Last Month

Browse all recently sold properties in WA here.

SuburbNumber of Houses SoldNumber of Units SoldAverage Sale Price ($)
East Perth115$617,625
Mandurah1712$560,724
Perth211$697,308
Rivervale510$572,429
Success77$602,071
South Perth16$816,429
Joondalup56$675,355
Subiaco36$970,867
Clarkson115$660,333
West Perth15$699,000

Explore more properties for sale in WA and your favourite suburbs in the state.

Top Selling Suburbs in South Australia Last Month

Browse all recently sold properties in SA here.

SuburbNumber of Houses SoldNumber of Units SoldAverage Sale Price ($)
Adelaide29$582,289
Mawson Lakes115$655,766
Salisbury East73$626,678
West Lakes13$885,900
Campbelltown42$929,167
Glenelg12$1,092,830
Prospect22$903,500
Salisbury22$574,250
Whyalla22$279,500
Ethelton01$672,500

Explore more properties for sale in SA and your favourite suburbs in the state.

Top Selling Suburbs in Australian Capital Territory Last Month

Browse all recently sold properties in ACT here.

SuburbNumber of Houses SoldNumber of Units SoldAverage Sale Price ($)
Canberra City14$639,000
Turner14$722,400
Phillip14$530,100
Greenway14$503,250
Belconnen23$526,000
Gungahlin32$535,600
Garran22$1,136,250
Griffith02$632,500
Franklin22$523,500
Macquarie01$480,000

Explore more properties for sale in ACT and your favourite suburbs in the state.

Top Selling Suburbs in Northern Territory Last Month

Browse all recently sold properties in NT here.

SuburbHouses SoldUnits SoldAverage Sale Price ($)
Darwin City07$438,000
Gray02$296,500
Rosebery02$287,000
Farrar01$490,000
Woodroffe21$357,667
Desert Springs01$405,000
Bakewell41$456,800
Johnston01$485,000
Nightcliff01$460,000
Nhulunbuy10

Explore more properties for sale in NT and your favourite suburbs in the state.

Top Selling Suburbs in Tasmania Last Month

Browse all recently sold properties in TAS here.

SuburbNumber of Houses SoldNumber of Units SoldAverage Sale Price ($)
East Devonport35$373,750
Newnham33$356,500
Devonport173$472,218
Penguin52$546,714
Mayfield12$344,000
Brighton21$523,333
Scamander01$197,500
Glenorchy21$549,500
George Town61$386,286
Norwood21$570,000

Explore more properties for sale in TAS and your favourite suburbs in the state.

Other Soho Reports You Might Like

To make an informed decision as a property buyer, check out Soho’s other reports:

Most Expensive Recently Sold Properties in Australia

Cheapest Recently Sold Properties in Australia

FAQs on the Top Selling Suburbs in Australia

What are the top 5 suburbs in Australia?

The top 5 suburbs in Australia are constantly shifting, but at the time of writing, the top 5 suburbs in Australia (defined by the most property sales) are Blacktown NSW and Southport QLD, amongst others.

What is Australia’s fastest growing suburb?

The fastest growing suburbs in Australia are those areas with the highest property price growth and include Bellbird Park in Brisbane and Bairnsdale, Victoria, amongst others.

Suggested Reading: Check out Soho’s article on the Best Suburbs For Capital Growth.

What Australian suburbs are most expensive?

Currently, the most expensive Australian suburbs include areas like Vaucluse in Sydney and Toorak in Melbourne.

Disclaimer: The property data presented in this article was generated using AI and may contain inaccuracies or discrepancies. We recommend verifying any information obtained from this article with additional sources.

Soho
Soho is your expert team in Australian real estate, offering an innovative platform for effortless property searches. With deep insights into buying, renting, and market trends, we guide you to make informed decisions, whether it's your first home or exploring new suburbs.
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