family-home
The majority of households in these suburbs are made of families with children. Image – Canva
  • Identified through new research by Well Home Loans
  • A family suburb is one that meets five key indicators
  • 14 of them have a median house price under $1 million

Around Australia, the top 20 family housing markets have been identified through new research by Well Home Loans.

Well Home Loans CEO Scott Spencer said the ranking provides valuable information for families planning their next purchase.

“Families want to live in suburbs that have lots of other families to socialise with, a high share of owner-occupiers to provide stability and good schools to educate their children.

“They also want to buy into suburbs that are likely to enjoy reasonable capital growth over the long-term, even if it’s not necessarily market-beating growth.”

According to Well Home Loans, a family suburb is one that meets five key indicators:

  1. Median sale price between $200,000 and $1.5 million
  2. Owner-occupiers making up at least 70% of the local population
  3. Freestanding houses making up at least 60% of the local dwellings
  4. Family households making up at least 60% of the local population
  5. A SEIFA education and occupation score of at least 6 (which puts it in the top half of the country for educational and occupational status, based on the Australian Bureau of Statistics’ Index of Education and Occupation)

Mr Spencer said the 20 suburbs are affordable, with 14 of them having a median house price under $1 million.

“They’re also quite diverse, there are 13 metro and seven regional markets, spread across seven of the eight states and territories.”

Top 20 family home suburbs

Rank

Suburb State Postcode

Price

1 Horningsea Park NSW 2171 $853,000
2 Marlow Lagoon NT 0830 $700,000
3 Blair Athol NSW 2560 $893,00
4 New Lambton Heights NSW 2305 $972,000
5 Dingley Village VIC 3172 $1,030,000
6 Gelorup WA 6230 $550,000
7 Tascott NSW 2250 $880,000
8 Glenmore Park NSW 2745 $885,000
9 Mount Hawthorn WA 6016 $979,000
10 Harkaway VIC 3806 $1,060,000
11 Mysterton QLD 4812 $415,000
12 One Tree Hill SA 5114 $752,000
13 Vale Park SA 5081 $863,500
14 The Basin VIC 3154 $803,000
15 Bulleen VIC 3105 $1,300,000
16 Bentleigh East VIC 3165 $1.401,000
17 Mount Lofty QLD 4350 $535,000
18 Speewah QLD 4881 $649,000
19 Bonogin QLD 4213 $1,090,000
20 Hackett ACT 2602 $1,250,000

Source: Well Home Loans, 2021

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Before making any property-related decisions, please do your own independent research, taking into account your own situation. This article does not purport to provide financial or investment advice. See our Terms of Use.

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