Playing it safe? Here are 50 of most consistent suburbs to invest in

by Micah Guiao08 Jan 2022

The latest edition of the Price Predictor Index from Hotspotting has named the 50 most consistent suburbs to invest in, with Hallett Cove as the best performer across Australia.

According to Terry Ryder, founder of Hotspotting, those who prioritise security in real estate investment should look into consistent markets, not booming ones.  

"Consistent markets can produce good price growth in the short-term and very solid long-term capital growth rates,” Ryder said.

New South Wales and Queensland dominate the list with 16 and 10 suburbs, respectively. As for the top performer, Hallett Cove has also still been scoring well for overall price affordability, as with many other suburbs included in the list.

“A huge combination of homes are on sale, and buying a 700sqm to 900sqm family home is still achievable in the $500,000 to $750,000 price range,” said Glenn Nelson, principal and sales consultant at Harcourts Plus.

Ryder said the current industry practice of monitoring prices changes for market movement is ”flawed” as it doesn’t necessarily inform the future. Instead, he pointed to sales volume activities as a more reliable source.

"Changes in sales volumes are far more relevant and useful: medians record the recent past for prices, while sales volumes predict the future,” Ryder said. "History shows there is a correlation between sales volumes and price movements: the number of sales changes first and prices react – with a time lag. This is true whether markets are rising or falling.”

Below are 50 of the most consistent suburbs and their respective median housing prices.

New South Wales

  • Budgewoi - $600,000
  • Canley Heights - $820,000
  • Colyton - $685,000
  • Concord - $2,325,000
  • Cooma - $385,000
  • Elderslie - $770,000
  • Fairlight - $2,865,000
  • Glenwood - $1,185,000
  • Gledswood Hills - $830,000
  • Gymea - $1,340,000
  • Jamisontown - $770,000
  • Kariong - $775,000
  • North Bondi - $3,580,000
  • North Lambton - $670,000
  • St. Clair - $750,000
  • Winston Hills - $1,190,000

Queensland

  • Albany Creek - $680,000
  • Bellara - $440,000
  • Camp Hill - $1,085,000
  • Chermside West - $675,000
  • Manly West - $720,000
  • Moggill - $650,000
  • Rothwell - $470,000
  • Salisbury - $645,000
  • Stafford - $725,000
  • Stafford Heights - $720,000

Western Australia

  • Bassendean - $540,000
  • Beechboro - $385,000
  • Leeming - $725,000
  • Mt. Claremont - $1,410,000
  • Sorrento - $1,100,000
  • West Leederville - $1,125,000
  • Willetton - $725,000

Victoria

  • Clifton Springs - $570,000
  • Colac - $375,000
  • Geelong West - $885,000
  • Macleod - $1,065,000
  • Newborough - $320,000

South Australia

  • Hallet Cove - $540,000
  • Marion - $565,000
  • Salisbury Downs - $355,000
  • Valley View - $430,000

Tasmania

  • Howrah - $640,000
  • Lindisfarne - $640,000
  • Ulverstone - $370,000