- Next year's likely lending restrictions will see the demand for housing increase in locations where price growth has lagged
- Easing COVID-19 restrictions should see housing stock levels rise
- "Buyers need to be clear about their strategy and be able to act wisely," said Pete Wargent from BuyersBuyers.com
Lending restrictions will cause a housing demand ripple effect in some locations where price growth has lagged, according to BuyersBuyers.com and RiskWise Property Research.
BuyersBuyers.com co-founder Pete Wargent said stock levels have been unusually low through this cycle to date but should pick up as COVID-19 restrictions are eased.
“We believe there will be more choice for buyers over the coming 3 to 6 months, but as the market for detached homes is still competitive, buyers need to be clear about their strategy and be able to act decisively.”
Sydney
Mr Wargent said, “affordability will begin to bite for houses in Sydney’s top performing suburbs next year, but there are still suburbs and pockets where prices have not blown off.
“These areas offer an opportunity to catch this property wave for buyers in Sydney.”
RiskWise Property Research founder Doron Peleg said, “just as all our top 10 danger zone suburbs have been focused on units, the top picks for buyers are all focused on houses in suburbs where prices remain relatively reasonable.
“In Sydney, the top picks range from around 15 to 40 kilometers from the center of the city, and we expect family-appropriate housing in these suburban locations to perform well from here.”
Top 10 Sydney Property Picks
| Suburb | Postcode | Distance from the CBD (in km) | Median Price ($) | 1-Year Growth |
| Blacktown | 2418 | 30 | 793,870 | 15.5% |
| Greystanes | 2415 | 25 | 988,509 | 14.8% |
| Glenmore Park | 2745 | 50 | 912,045 | 18.5% |
| Engadine | 2233 | 28 | 1,128,349 | 14.2% |
| Glenwood | 2768 | 29 | 1,240,051 | 15.5% |
| Bossley Park | 2176 | 30 | 889,671 | 18.1% |
| Bexley | 2207 | 12 | 1,436,496 | 16.9% |
| Casula | 2170 | 30 | 912,446 | 18.1% |
| Winston Hills | 2153 | 23 | 1,252,810 | 19.7% |
| Campbelltown | 2560 | 43 | 662,879 | 10.2% |
RiskWise Property, CoreLogic
Regional NSW
Mr Peleg said regional house price growth has been exceptionally strong over the past year, and the best picks all have median prices of under $1 million.
“We expect there to be some curbs on lending in 2022, so buyers should be mindful of this.”
Top 10 Regional NSW Property Picks
| Suburb | Postcode | Distance from the CBD (in km) | Median Price (in $) | 1-Year Growth |
| Umina Beach | 2257 | 40 | 941,015 | 31.8% |
| Banora Point | 2486 | 666 | 822,267 | 30.8% |
| Figtree | 2525 | 71 | 879,962 | 23.1% |
| Medowie | 2318 | 140 | 635,698 | 23.6% |
| Woy Woy | 2256 | 43 | 850,672 | 30.4% |
| Horsley | 2530 | 80 | 794,075 | 20.4% |
| Nelson Bay | 2315 | 154 | 797,856 | 25.1% |
| Oak Flats | 2529 | 85 | 726,595 | 21.2% |
| Corlette | 2315 | 153 | 848,082 | 26.2% |
| Ballina | 2478 | 600 | 832,928 | 35.5% |
RiskWise Property, CoreLogic
