Revealed: Australia’s 50 ‘safest’ suburbs to invest in

Queensland has been called home to 29 of Australia’s 50 safest suburbs for investors, with areas from NSW, Victoria and WA making up the remaining 21.

Property analyst Hotspotting announced the data from its Summer 2024 Price Predictor Index, which assessed the suburbs with the steadiest conditions for long-term capital growth.

This found 24 suburbs across Queensland with a consistent market for houses, along with five suburbs with consistent market for units.

Meanwhile, NSW saw ten suburbs on the list, with six in Victoria and four in WA.

Hotspotting General Manager Tim Graham said these 50 markets represented safe places for people to invest in that would provide reliable yields.

“Buderim on the Sunshine Coast, for example, has had remarkably consistent sales volumes for the past three years,” he said. “Its five-year capital growth average is 13.3% per year, with its median house price rising 14% to $1,250,000 in the past 12 months.”

Hotspotting Director Terry Ryder said while consistent markets were not as thrilling as the “supposed next big thing”, they offered safe opportunities for buyers over multiple years for medium to long-term results.

He added that Queensland’s popularity over 2024 represented a rise in demand across the entire state, not just the Brisbane area.

“Queensland is the biggest beneficiary of internal migration in Australia,” he said. “People are leaving the biggest cities and moving to regional cities for lifestyle and affordability, and Queensland gets the most of that.”

Mr Ryder said regional areas were seeing a huge market surge, making up around half the locations in the nation’s 50 most consistent suburbs.

“All the regional cities in Queensland have really got that consistent buyer demand,” he said.

Fewer suburbs in Western Australia appeared in the latest report, when compared to previous years.

“This represents a turning point in the national property market, with the WA boom past its peak and attention switching increasingly to Queensland,” Mr Ryder said.

Meanwhile, the majority of consistent NSW and Victoria suburbs resided in regional areas, which saw rising popularity over 2024.

While not on the original list, Mr Ryder said five Adelaide suburbs known for consistent buyer demand were Aberfoyle Park, Aldinga Beach, Craigmore, Prospect and Salisbury North.

“Those examples show that markets with steady buyer demand can deliver exceptional price – and that these consistent locations can be found in a variety of price ranges,” he said. “These locations are typical of the Adelaide market, which is known for its consistency and excellent growth performance.”

This article first appeared on realestate.com.au and has been republished with permission.