Henry Thai

Hotspotting has identified several Australian suburbs with a strong potential for future price rises. The Sunshine Coast, Byron Bay, and Mornington Peninsula are seeing renewed growth. Many regional areas continue to see high demand and low listings, leading to rising prices. In his latest contribution to The Property Tribune, Tim Graham, general manager of real estate data company Hotspotting, highlights the locations in Australia experiencing strong property price growth.

Four Sydney councils mandate larger minimum apartment sizes than standard regulations. Apartments in these areas can be up to 57% larger than standard sizes elsewhere in Sydney. Larger spaces are increasingly valued post-pandemic, accommodating work-from-home needs and enhanced living comfort.

With a national average home price of nearly $1m, Australia needs foreign investors to meet its housing goals. Asian buyers are the largest group of early-stage investors, essential to helping developers secure loans and start projects. Increased fees and restrictions on foreign buyers have led to a decline in foreign investment, hindering the housing market's growth.