Top 5 suburbs for new listings, by city

• More Australians plan to list their homes over the next five years
• Wetspac has revealed the top five suburbs for expected house and unit listings
• Suburbs vary in socio economic and demographic terms

Earlier, we discussed the findings of some research conducted by Westpac revealing more Australians are intending to list their homes on the market within the next five years.

In what could be welcome news for many house hunters who are facing stiff competition, Westpac has released a list of the top suburbs across the capital cities where homeowners are likely to list between now and then the end of the year.

The list includes both houses and units and features suburbs from a range of socio-economic areas.

“Areas featured on the list offer a diverse range of living options for prospective buyers that also cater to the changing preferences we’ve seen since the start of the pandemic, including stronger demand for more space through a dedicated study or spare bedroom as many continue to work from home.”

Anthony Hughes, Westpac, Managing Director of Mortgages

The suburbs

The list features the top five suburbs in each of the five major capital cities for both houses and units; several suburbs feature in both lists.

Sydney

Melbourne

Adelaide

Brisbane

Perth

“Buyers can also consider areas that are poised to have units come onto the market. Newly developed suburbs like Sydney’s Wentworth Point or established areas like Adelaide’s Glenelg can be appealing with waterside living options, as well as access to restaurants, recreational facilities and transport,” concluded Mr Hughes.

Real estate agents in those areas, whose livelihood stems from having enough listings to sell, get ready.