SINCE 1997

Top 20 family suburbs named

New research commission has identified the top 20 family housing markets in Australia within reasonable reach of a CBD.

Aerial view of the suburban streetscape of Willunga in South Australia, looking towards a pleasant bluewater bay.
Willunga, 47 kilometres south of Adelaide, came in at second spot on the family-friendly suburb ranking

New research has identified the top 20 family housing markets in Australia.

The research commissioned by Well Money began by considering every suburb in Australia, before filtering out all those that weren’t ‘family suburbs’.

To establish a top 20 ranking, suburbs were then ranked based on change in inventory levels over the previous three months.

A family suburb is one that meets these key indicators:

  • having a median house price between $200,000 and $1.5 million
  • being no more than 200km from a capital city CBD
  • owner-occupiers making up at least 70 per cent of the local population
  • freestanding houses making up at least than 60 per cent of the local dwellings
  • households having at least 2.5 people on average
  • is in the top half of the country for educational and occupational status.

The 20 family suburbs are situated in Queensland (6), Victoria (6), Western Australia (3), New South Wales (2), South Australia (2) and the ACT (1).

The top 20 had average median house price of $939,875.

Top 20 ranking

Rank State Suburb Postcode Median house price Increase in inventory levels over past 3 months
1 QLD Barellan Point 4306 $807,000 +3.3 months
2 SA Willunga 5172 $607,500 +3.3 months
3 QLD Mons 4556 $1,100,000 +3.2 months
4 WA Boya 6056 $620,000 +3.0 months
5 QLD Nudgee 4014 $855,000 +2.8 months
6 VIC Gisborne 3437 $1,050,000 +2.7 months
7 VIC Junortoun 3551 $750,000 +2.6 months
8 VIC Silvan 3795 $1,395,000 +2.5 months
9 QLD Camp Mountain 4520 $1,300,000 +2.5 months
10 QLD Newport 4020 $1,350,000 +2.4 months
11 VIC Selby 3159 $1,000,000 +2.3 months
12 WA Warwick 6024 $630,000 +2.3 months
13 SA West Lakes Shore 5020 $842,000 +2.2 months
14 WA Edgewater 6027 $630,000 +1.9 months
15 NSW Bolwarra Heights 2320 $940,000 +1.9 months
16 VIC Torquay 3228 $1,330,000 +1.9 months
17 ACT Curtin 2605 $1,421,000 +1.8 months
18 QLD Black Mountain 4563 $950,000 +1.8 months
19 NSW Saratoga 2251 $1,300,000 +1.7 months
20 VIC Viewbank 3084 $1,270,000 +1.7 months

Source: Well Money.

Well Money (formerly Well Home Loans) CEO Scott Spencer said he was pleased to see buying conditions had become easier for all the suburbs in the top 20 ranking.

Barrellan Point, a rural residential suburb in the City of Ipswich 40 kilometres southeast of Brisbane, topped the list.
Barrellan Point, a rural residential suburb in the City of Ipswich 40 kilometres southeast of Brisbane, topped the list.

“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.”

Sophisticated data analysis has found these locations are good places for typical families to live right now, but that doesn’t mean they’ll have strong price growth in the future.

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