Commissioned by Well Money, the research began by considering every suburb in Australia, before filtering out all those that weren’t ‘investor-grade suburbs'.

To be considered an ‘investor-grade suburb', five key indicators needed to be met:

  • The SEIFA socio-economic score was 5 or more
  • The share of rental housing was 10% or more
  • The vacancy rate was 1.5% or less
  • The yield was 3% or more
  • The inventory level was 6 months or less

The suburbs on the top 20 list were spread around Queensland, 8; New South Wales, 5; Victoria, 4; Tasmania, 2; and Western Australia, 1.

Well Money CEO Scott Spencer said the suburbs in this report are quality, investment-grade locations where buyers could break into the market with confidence.

“Buyers hold a negotiating advantage in each of these suburbs right now, because vendors have enjoyed capital growth of at least 45% over the past decade,” Mr Spencer said.

“So even if they were to reduce their asking price by 10%, they’d still finish well ahead.

“Another reason why buyers have the edge in these suburbs is because market conditions have been turning in their favour, as demand relative to supply has been falling.”

Top 20 Negotiable Suburbs

State Suburb Property type Median asking price 10 year gain
NSW Alstonville House $901,600 165%
VIC Marong House $574,240 127%
NSW Valla Beach House $560,000 147%
QLD Caloundra West House $749,000 125%
QLD Burleigh Waters House $1,495,000 193%
VIC Highett Unit $630,000 80%
NSW Kellyville Ridge Unit $508,250 89%
NSW Kariong House $952,750 160%
NSW Figtree House $1,070,000 148%
VIC Somerville House $800,000 108%
QLD Pomona House $950,000 145%
VIC Donvale Unit $825,000 108%
QLD Mountain Creek House $949,000 136%
QLD Bald Hills House $748,800 99%
WA Vasse House $487,990 81%
QLD Mermaid Waters House $1,699,000 193%
TAS Geilston Bay House $695,000 124%
TAS Eaglehawk Neck House $698,000 170%
QLD Glass House Mountains House $765,000 110%
QLD Yarrabilba House $540,800 72%

With inflation rising to 7.3% and more interest rate hikes on the horizon, Mr Spencer said buyers need to carefully examine their financial position before purchasing an investment.

“Interest rates have been rising and will probably increase even further in the first half of 2023, so investors need to budget for higher repayments,” he said.

“It’s risky to enter the market if you don't believe you’d have the capacity to cope with higher interest rates.”


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Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

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