Hotspotting’s Top 10 National Best Buys report reveals Darwin and Melbourne offer significant growth potential despite their recent challenges.
The report highlighted Darwin’s resurgence, with a particular focus on suburbs such as Zuccoli, Gunn, Bellamack, Durack, and Woodroffe, which are showing promising signs of growth.
“Darwin’s market recovery over the past six months is notable, with increased sales activity and population growth,” Hotspotting Director Terry Ryder said.
Mr Ryder also that Darwin will draw investors with its affordable housing and high rental yields.
“Darwin is showing signs of price growth and is becoming more appealing to investors,” he said.
The analysis identified other key investment areas across the country, including regional centres like Albury-Wodonga, Tamworth and the Sunshine Coast, which are expected to experience renewed growth.
Melbourne is also finally making a comeback thanks to its growing price difference with Sydney and strong population growth, despite facing various challenges in recent years.
Hotspotting General Manager Tim Graham said there was increasing demand in Melbourne property, particularly in metropolitan areas.
“Demand for well-located attached dwellings in Melbourne is rising, driving rent growth, price increases, and new dwelling approvals,” Mr Graham said.
“The City of Casey continues to be a strong market with steady long-term growth and appeal for first-home buyers.
Mr Ryder said the report focuses on future potential rather than current performance.
“We haven’t included any locations that are already hot, which is why there are no Perth, Adelaide or many of the frenzied regional markets in Queensland included,” he said.
