2023 Hot Suburbs in NSW as per RealEstate.com.au
- Posted By Shiral Alexander
The first edition of realestate.com.au's Hot 100 suburbs in Australia had been released with the best real estate prospects for 2023
realestate.com.au has access to in-depth data on the supply and demand in suburbs across the country. Their panel of experts has identified the top 100 suburbs based on the following criteria:
- Affordability
- Amenity
- Family Appeal
- Location
- Investment prospect
- Gentrification
- Population Growth
- Demographic Change
- Infrastructure
Low supply and high demand were major contributors to growth; gentrification, infrastructure, population increase, demographic shifts, and factors that draw buyers, such as livability, economic stability, diversity, and amenities.
A number of the suburbs were chosen for their affordability and livability, which is a priority for some prospective buyers. Additionally, their potential for future growth was taken into account.
Located across all of Australia, Victoria has the biggest number amongst the others; Having 29 suburbs out of the top 100; The biggest suburb on the list is Pakenham.
While the biggest growth listing is Yamba, in New South Wales with a listing growth of 197%
NSW accounted for 24 spots in the Hot 100 list. With 25% in Regional areas and 75% in the Sydney metro area with the results as shown below:
Paddington got the highest median house price with $3,050,000; While the lowest is East Tamworth with $590,000
Here is the complete list of New South Wales’s hottest suburbs that made it to the Hot 100, comprising a mix of inner-city, outer-suburban and regional areas·
- Alexandria
- Arncliffe
- Ashfield
- Cessnock
- Claremont Meadows
- East Tamworth
- Frenchs Forest
- Glenmore Park
- Hurlstone Park
- Kingsford
- Kingswood
- Marrickville
- Matraville
- Mayfield
- Mona Vale
- New Lambton
- Paddington
- Prestons
- Quakers Hill
- South Penrith
- St Clair
- Turramurra
- Tweed Heads
- Yamba
You may want to look into the Hot 100 lists if you are contemplating investing in a property in New South Wales.