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  • Writer's pictureJamie Stone

Australian property: The 21 best suburbs to invest into in 2021

At the height of the pandemic down under, few in the real estate sector were predicting the property market would look quite like it does as 2020 comes to a close. By December, research group CoreLogic recorded price growth in every capital city and reported that regional markets were outpacing the big smoke. So what does 2021 have in store?

National real estate agency Upside has released its annual State of the Australian Property Market Report 2021, in which it forecasts the top 21 suburbs set for growth next year.

“In 2021, we expect to kick off earlier than usual with strong volumes after a build-up of properties that did not go to market in 2020, which could see prices momentarily drop as supply increases,” said Upside Realty director of sales and operations James Kirkland.

“Nationally, we have already seen a 3.1 per cent increase in median house values compared to this time last year. House prices are increasing, helped by lower interest rates, substantial government stimulus and a bounce in confidence as the pandemic comes under control,” he explained.

“Consumer confidence is at record highs, coupled with historic low interest rates, stamp duty reforms (in NSW and Victoria) and talk of vaccines hinting at a return to normal in the new year – 2021 looks set to be a very healthy year for the property market with house prices across the nation on the rise again,” he said.

Unsurprisingly, and in keeping with the ‘escape to the country’ phenomenon brought on by COVID-19, the report showed the biggest changes were in regional areas within a commutable distance from capital cities.

Mr Kirkland said as the work-from-home movement for many employees looks to continue post-pandemic, a large number of homeowners may never return to a full-time centralised work week.

“This offers up areas beyond the city limits for Australians to find a home to suit their chosen lifestyle, while maintaining a hybrid approach to work,” he said.

After crunching the numbers on 2020 price performances, the Upside report has shone the spotlight on suburbs to watch in 2021.


Bardwell Park

Highlighted because of its easy access to the inner west, the eastern suburbs, WestConnex and the airport, Upside’s report noted that this suburb was in high demand market and saw the median house price rise from $1.16 million at the start of 2020, to $1.35 million by year’s close.

Narabeen NSW offers a great work/life balance.


The report pinpointed this Northern Beaches spot because of it’s desirability among young professionals seeking a greater work/life balance. Local units were up 12.25 per cent year on year and the median was close to its 2017 peak of $925,000.


A leafy commuter suburb sitting just over an hour by train from the CBD, this suburb has gained serious attention in the wake of COVID-19. The median house price in Windsor is $687,000 and the improvements to local infrastructure have made the journey from the city easier.



With a mix of urban and rural properties, Melton is a commutable 45km from the city with easy access to a number of major arterial roads. The median house price is $392,000 and the median unit price is $320,000, with the report also highlighting that the region is set to accommodate more than 40 per cent of Melbourne’s population growth over the next 40 years.


A family-friendly suburb north of Melbourne offers the value for money and large homes that have been hot property since the onset of the pandemic. Across five years, the Upside report showed that houses in Craigieburn had seen a compound growth of 7.5 per cent.

Golden Age Group's Sky One project in Box Hill.

Box Hill

With commuter facilities such as the train, tram and hospitals, this suburb saw a capital gain of 20.84 per cent over 2020. According to the Upside data, Box Hill ranks as one of the best-performing suburbs in Australia.



A short drive or train trip to the CBD, with the University of Queensland nearby, Toowong will be home to a $450 million village centre opening by 2023. The median house price in the suburb over the year has been $1 million with a 12-month growth of 12.81 per cent.

Camp Hill

Just 6km from Brisbane’s CBD, the suburb is in the the catchment zone for several sought-after schools. Camp Hill has a median house price of $908,000 and a compound growth rate over the last five years of 4.1 per cent.

Manly is a short ferry ride or train from Brisbane CBD.


A 30-minute train or ferry ride from the city, this suburb is home to the largest boat harbour facility in the southern hemisphere and has a variety of multimillion dollar houses and modern apartments. Manly has returned an average of 14.2 per cent yearly in house price rises over the last three years.



Home prices in the area have been steadily growing since the Canberra Metro light rail opened in 2019. Franklin is now serviced by three light rail stations with rapid access to the CBD, the international airport and southern Canberra.


Upside reported that Coombs is now one of the fastest growing suburbs in the territory. Surrounded by nature, it is close to community facilities and Weston Creek centre and saw a 9.3 per cent year-on-year increase in unit values to $530,000 in 2020.


With a lack of supply there has been significant price growth in the area, which is within easy access of the city and regional highways. With the median house price at $822,000, and the advertised rent reaching $650 a week, the gross rental yield for investors is 4.11 per cent.



This beachside suburb reaped the rewards of a desire for coastal living in the wake of COVID-19. It experienced the largest year on year increase in the median sale price for Adelaide with a 34.6 per cent jump to surpass the million dollar mark at $1.022 million and now has a median asking rent of $660 a week.

Port Elliot

Located a 75-minute drive from Adelaide’s CBD, and near popular Victor Harbor, this coastal area has a median house price of $487,000 after experiencing a 9.8 per cent 12-month growth.

Mount Gambier

The appeal of small town living during COVID-19 drove interest in Mount Gambier throughout 2020. The median house price in the town is $269,000 and the suburb received one of the highest levels of inquiries from

Author Kristen Craze, 18 December 2020.

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