As the property market heats up this spring, both investors and first-home buyers are zoning in on specific areas across Australia, aiming to secure affordable properties with high potential. Recent data released by PropTrack highlights the trending suburbs based on buyer inquiries, revealing where the action is centred.
Rising Interest from First-Home Buyers and Investors
First-home buyers have shown increased interest, with a 2% rise in new loan commitments, while investor loans have spiked by 30% in the last year according to the Australian Bureau of Statistics. This trend indicates growing buyer confidence as people aim to get the most value for their money in a fluctuating market.
Top Picks for First-Home Buyers
For house-seeking first-time buyers, affordable suburbs like Tarneit in Melbourne’s outer west stand out, offering a median house price of around $650,000, which is a fraction of the prices seen in Melbourne’s inner suburbs. Other popular Melbourne suburbs include Point Cook, Truganina, and Werribee, all offering suburban affordability. In Queensland, Greenbank is also seeing high demand, where outer-Brisbane homes provide value without sacrificing access to the city.
Most in-demand suburbs for first-home buyers looking for houses
| Rank | Median Sale Price | Suburb | Region |
| 1 | $650,000 | Tarneit VIC 3029 | Greater Melbourne |
| 2 | $837,450 | Greenbank QLD 4124 | Greater Brisbane |
| 3 | $750,500 | Point Cook VIC 3030 | Greater Melbourne |
| 4 | $985,000 | Marsden Park NSW 2765 | Greater Sydney |
| 5 | $645,000 | Truganina VIC 3029 | Greater Melbourne |
| 6 | $616,000 | Werribee VIC 3030 | Greater Melbourne |
| 7 | $785,000 | Pimpama QLD 4209 | Rest of Qld |
| 8 | $633,000 | Redbank Plains QLD 4301 | Greater Brisbane |
| 9 | $620,000 | Hoppers Crossing VIC 3029 | Greater Melbourne |
| 10 | $725,500 | Clyde North VIC 3978 | Greater Melbourne |
Source: PopTrack
Sydney’s high prices typically push first-home buyers toward units instead of houses, with Parramatta ranking highest among sought-after suburbs. Areas like Ryde, Campsie, and Epping are also popular, giving buyers access to urban convenience and vibrant communities within Greater Sydney.
Most in-demand suburbs for first-home buyers looking for units
| Rank | Median Sale Price | Suburb | Region |
| 1 | $625,000 | Parramatta NSW 2150 | Greater Sydney |
| 2 | $580,000 | Melbourne VIC 3000 | Greater Melbourne |
| 3 | $728,000 | Ryde NSW 2112 | Greater Sydney |
| 4 | $650,000 | Campsie NSW 2194 | Greater Sydney |
| 5 | $800,000 | Epping NSW 2121 | Greater Sydney |
| 6 | $485,000 | Merrylands NSW 2160 | Greater Sydney |
| 7 | $540,900 | Granville NSW 2142 | Greater Sydney |
| 8 | $869,000 | Baulkham Hills NSW 2153 | Greater Sydney |
| 9 | $603,000 | Southbank VIC 3006 | Greater Melbourne |
| 10 | $600,000 | Schofields NSW 2762 | Greater Sydney |
Source: PopTrack
Where Investors Are Looking
Investors are also drawn to outer-city suburbs for houses, with Queensland’s Battery Hill and Melbourne’s Wollert and Craigieburn making the list for their attractive median prices under $1 million.
Most in-demand suburbs for investors looking for houses
| Rank | Median Sale Price | Suburb | Region |
| 1 | $965,000 | Battery Hill QLD 4551 | Rest of Qld |
| 2 | $633,000 | Redbank Plains QLD 4301 | Greater Brisbane |
| 3 | $683,000 | Wollert VIC 3750 | Greater Melbourne |
| 4 | $640,000 | Craigieburn VIC 3064 | Greater Melbourne |
| 5 | $616,000 | Werribee VIC 3030 | Greater Melbourne |
| 6 | $785,000 | Pimpama QLD 4209 | Rest of Qld |
| 7 | $650,000 | Tarneit VIC 3029 | Greater Melbourne |
| 8 | $837,450 | Greenbank QLD 4124 | Greater Brisbane |
| 9 | $1,005,000 | Blacktown NSW 2148 | Greater Sydney |
| 10 | $750,500 | Point Cook VIC 3030 | Greater Melbourne |
Source: PopTrack
For units, urban locations like Melbourne CBD and Surfers Paradise in Queensland have captured investor attention, aligning with their focus on high-traffic, rental-ready properties in the heart of the city.
Most in-demand suburbs for investors looking for units
| Rank | Median Sale Price | Suburb | Region |
| 1 | $580,000 | Melbourne VIC 3000 | Greater Melbourne |
| 2 | $720,000 | Surfers Paradise QLD 4217 | Rest of Qld |
| 3 | $596,000 | Brisbane City QLD 4000 | Greater Brisbane |
| 4 | $625,000 | Parramatta NSW 2150 | Greater Sydney |
| 5 | $603,000 | Southbank VIC 3006 | Greater Melbourne |
| 6 | $705,000 | Wollongong NSW 2500 | Rest of NSW |
| 7 | $502,500 | Fortitude Valley QLD 4006 | Greater Brisbane |
| 8 | $1,052,500 | Sydney NSW 2000 | Greater Sydney |
| 9 | $508,000 | Adelaide SA 5000 | Greater Adelaide |
| 10 | $410,000 | Carlton VIC 3053 | Greater Melbourne |
Source: PopTrack
Affordability remains a top priority for both investors and first-home buyers. Those searching for houses are often willing to explore areas further from the city where property prices are lower, while buyers interested in urban living and investors looking for convenient, low-maintenance rental options gravitate toward suburbs closer to the city centre.
This spring, the property market is clearly influenced by affordability and location preferences, shaping the activity levels of first-home buyers and investors across high-demand areas this season.
Ready to take the kickstart you journey to homeownership? Or possibly add to your investment portfolio? Contact UFinancial today for expert guidance. Visit UFinancial for more information or click here to get in contact with a team member today!!
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced, or republished without prior written consent. Content developed in partnership with IFPA.
Subscribe to our newsletter to read about ‘All things finance’
At UFinancial, we love talking about finance-related matters. From home loans and refinancing to financial planning, investing, and tax.
