The top 20 suburbs identified had a median house price between $200,000 and $1.5 million, within 200km of a capital city, and with 70% owner-occupier population.
The suburbs also were in the top half of the country for educational and occupational status according to SEIFA (Socio-Economic Indexes for Areas).
Top 20 suburbs for families
|
Rank |
Suburb |
Median house price |
Increase in inventory levels over past 3 months |
|
1 |
Barellan Point, Qld, 4306 |
$807,000 |
+3.3 months |
|
2 |
Willunga, SA, 5172 |
$607,500 |
+3.3 months |
|
3 |
Mons, Qld, 4556 |
$1,100,000 |
+3.2 months |
|
4 |
Boya, WA, 6056 |
$620,000 |
+3.0 months |
|
5 |
Nudgee, Qld, 4014 |
$855,000 |
+2.8 months |
|
6 |
Gisborne, Vic, 3437 |
$1,050,000 |
+2.7 months |
|
7 |
Junortoun, Vic, 3551 |
$750,000 |
+2.6 months |
|
8 |
Silvan, Vic, 3795 |
$1,395,000 |
+2.5 months |
|
9 |
Camp Mountain, Qld, 4520 |
$1,300,000 |
+2.5 months |
|
10 |
Newport, Qld, 4020 |
$1,350,000 |
+2.4 months |
|
11 |
Selby, Vic, 3159 |
$1,000,000 |
+2.3 months |
|
12 |
Warwick, WA, 6024 |
$630,000 |
+2.3 months |
|
13 |
West Lakes Shore, SA, 5020 |
$842,000 |
+2.2 months |
|
14 |
Edgewater, WA, 6027 |
$630,000 |
+1.9 months |
|
15 |
Bolwarra Heights, NSW, 2320 |
$940,000 |
+1.9 months |
|
16 |
Torquay, Vic, 3228 |
$1,330,000 |
+1.9 months |
|
17 |
Curtin, ACT, 2605 |
$1,421,000 |
+1.8 months |
|
18 |
Black Mountain, Qld, 4563 |
$950,000 |
+1.8 months |
|
19 |
Saratoga, NSW, 2251 |
$1,300,000 |
+1.7 months |
|
20 |
Viewbank, Vic, 3084 |
$1,270,000 |
+1.7 months |
Source: Well Money
Well Money CEO Scott Spencer said he was pleased to see buying conditions had become easier for all the suburbs in the top 20 ranking.
“Over the past three months, inventory levels have increased in all the suburbs, which means there’s more stock on market, buyers have more options and downward pressure is being placed on prices, which should translate into discounts sooner or later,” he said.
“That’s good to see, because while it’s nice for people’s homes to increase in value, we don’t want working families to be priced out of the market.
“All the suburbs in the top 20 ranking are family-friendly as well, which means they contain a lot of families, they contain a lot of owner-occupiers, they’re relatively close to capital city CBDs and they’re above-average in terms of educational and occupational status.”
Advertisement
Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.04% p.a. | 6.06% p.a. | $2,408 | Principal & Interest | Variable | $0 | $530 | 90% | Featured 4.6 Star Customer Ratings |
| |||||||||
5.99% p.a. | 5.90% p.a. | $2,396 | Principal & Interest | Variable | $0 | $0 | 80% | Featured Apply In Minutes |
| |||||||||
6.09% p.a. | 6.11% p.a. | $2,421 | Principal & Interest | Variable | $0 | $250 | 60% | Featured Unlimited Redraws |
|
Image by Derek Thomson via Unsplash
Ready, Set, Buy!
Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!
With bonus Q&A sheet and Crossword!
Emma Duffy
Harrison Astbury
Rachel Horan
William Jolly
