According to realestate.com.au data, Sydney is becoming a priority for buyers, while Sydney is facing a real estate slowdown.
The capital of South Australia defies the general downward trend and benefits interstate investors in search of value. Of the 10 most sought-after suburbs in Australia, five are in Adelaide. Most of these areas are concentrated in the southern hills of the city, such as Crafers West, Stirling, Aldgate and Belair. Millswood, meanwhile, is more central.
"Adelaide started appearing on the list last year and she continues. This is partly because real estate investors from Melbourne and Sydney, because we know that a lot of research activities come from these places. The economy is doing pretty well in Adelaide, which seems to support stronger demand than ever before, "said chief economist Nerida Conisbee.
The data also showed that the Melbourne and Sydney real estate markets continued to fall, with the median price of both cities depreciating by 0.8% in the previous quarter.
Perth and Darwin lost 0.5% and 0.7%, respectively, for the quarter. Both markets also recorded a 3% decrease compared to the previous year.
Adelaide and Canberra are stable over the quarter, while Hobart is the only capital to record a gain over the same period.
The list of the most sought-after suburbs also includes Killarney Heights, Allambie Heights, Collaroy Plateau and Birchgrove, all located in Sydney.
"Sydney's premium suburbs are attracting a lot of interest, mostly because prices have come back, and I think people are more accessible now," Conisbee told news.com.au.
Melbourne's Middle Park completed the lineup.
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Top suburbs:
Murdoch
,
Keperra
,
Midland
,
Penrith
,
Campsie
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