‘Game-changer’: Top 20 suburbs for upsizing revealed

A new report has report identified the best suburbs across Australia for more space in terms of house size, affordability and future price growth.

Fiona Killman

@FionaKillman

2 min read

September 20, 2023 - 12:14PM

The top 20 suburbs idea for upsizing across Australia have been revealed.

The top 20 Australian suburbs ideal for upsizing have been revealed.

Property Credit has launched a “game-changing” report identifying the best suburbs for more space in terms of house size, affordability and future price growth.

It provides a top 20 list taking in capital cities of Sydney, Melbourne, Brisbane, Perth, Canberra and Adelaide.

Adelaide’s Belair topped the national list for upsizing locations. Picture: Naomi Jellicoe

A four bedroom home on Gloucester Ave, Belair, SA sold for $910,000 in April 2023.

MORE

Inside the rock star homes of NRL champions

Inside Hugh Jackman’s $12m Bondi bachelor pad

The company uses a two-tier methodology, giving “suburb scores” to help homebuyers with the best options to maximise their investment and lifestyle in their cities.

The top spot nationally is taken out by Adelaide’s Belair with a starting budget of $997,500 and a suburb score of 82.

“If you’re a Sydneysider, Berowra Heights and Hornsby Heights stand out with suburb scores of 77 and starting budgets that offer exceptional value,” the report states.

“For Melburnians, Eltham North is your go-to suburb with a starting budget of $1,150,000 and a commendable suburb score of 77.”

Property Credit’s chief executive officer Giordano Stepancic said the report was a “game-changer for families ready to upsize”.

A four bedroom home in Berowra Heights, NSW sold for $1,450,000 in September 2023.

The suburbs have been identified from a range of metrics including affordability, price growth and lifestyle.

“We’re cutting through the noise to give you clear, actionable advice on which suburbs offer the best opportunities for a bigger, better home,” he said.

The report says Perth residents have a “plethora” of choices including Roleystone and Woodvale with budgets well under $1m.

“If you’re in Brisbane, Tarragindi is a must-see with a starting budget of $1,250,000 and a suburb score of 78,” the report states.

“Canberra is no slouch either, boasting several suburbs like Curtin and Hughes with suburb scores of 78 and starting budgets that make sense for those looking to upsize.”

The report says there are a plethora of choices across Perth. Picture: Sharon Smith

The report screens suburbs through a variety of filters, targeting areas that offer four-bedroom houses, promising socio-economic profiles, relative affordability as well as stock levels.

“We’ve included the Suburb Score to be an all-encompassing metric,” Mr Stepancic said.

“It’s not just about bigger homes; it’s about finding communities where families can flourish, both socially and financially.”

Why sellers are feeling confident this Spring

He said with the ever-changing property market, the report aims to “life the fog of uncertainty”, offering a data-backed guide for those ready to make an informed upsizing decision.

“Our core mission at Property Credit is to make property transactions seamless. This report embodies that mission by providing Australians with the insights they need to confidently take the next step in their homeowning journey,” he said.

TOP 20 SUBURBS – STARTING BUDGETS – SUBURB SCORE

Belair (SA) – $997,500 – 82

Roleystone (WA) – $649,000 – 81

Woodvale (WA) – $754,000 – 81

Tarragindi (QLD) – $1.25m – 78

Gooseberry Hill (WA) – $929,000 – 78

Curtin (ACT) – $1.45m – 78

Hughes (ACT) – $1,352,400 – 78

Mawson (ACT) – $1,095,000 – 78

Berowra Heights (NSW) – $1,325,000 – 77

Hornsby Heights (NSW) – $1,540,000 – 77

Edgewater (WA) – $613,083 – 77