Booming Australian Suburbs according to Urban
Based on Urban data, these are the top 5 suburbs in the country with the most development listings available on our site per state and are amongst some of the most viewed by users.
As activity centres expands and housing affordability fluctuates, these Australian suburbs have one major thing in common, they are booming.
FOOTSCRAY, VICTORIA
The inner West suburb of Footscray in Melbourne, Victoria, is seeing unprecedented growth as a major activity centre and cultural hub. Footscray’s population of 20,000 people is set to almost double in the next decade and comprises of Vietnamese, Italian, Chinese, Sudanese, Ethiopian and Sri Lankan migrants with Victoria’s fourth highest proportion of residents born in South-East Asia.
The developing suburb is a hub of creativity, culture, music and international cuisine and has been chosen as a major activity centre for the Western suburbs of Melbourne. Median housing prices are at $845,000 with median rent costs at $470 per week.
Victoria Square is among many of the developments springing up in Footscray and is led by Developers Growland with 939 dwellings across six buildings.
Blending into the community fabric of Footscray, Victoria Square will become a new destination for laneway dining with 3000sqm dedicated to cafes and restaurants to be enjoyed by the public.
The complex features world class amenities such as Australia’s first above ground 400m arterial running track, a resident’s cinema, games rooms, gymnasium, lap pool, private lounge and dining rooms and a sky garden connecting the towers, creating an engaging community amongst the residents.
Prices:
1 bed, 1 bath, 0 car - $385,000
2 bed, 1 bath, 1 car - $540,000
3 bed, 2 bath, 1 car - $599,000
LIVERPOOL, NEW SOUTH WALES
Set to become one of Sydney’s third biggest CBD’s, Liverpool is developing strong economic and residential opportunities within the heritage structure of the city centre.
With a population of over 28,000, the Western city is one of the oldest settlements in Australia with strong community engagement.
Less than 30% of Liverpool’s population were born in Australia, creating a multicultural environment to which thrives by the Georges River.
The median housing price in Liverpool is $729,000 with a weekly advertised median rent at $450 with over half of Liverpool residents living in apartments and units.
The Foundry is one of the many developments setting a precedent for inner city centre expansion and with rezoning change to mixed use in 2018, Liverpool is inviting improvements to underutilised and undeveloped sites across the city. With 198 dwellings across 17 floors, the building also features a double height lobby, a landscaped central atrium, private rooftop garden and pool with city and rivers edge views.
The building is incorporated into the Paper Mill development which is comprised of multiple buildings along the Georges River in the city centre surrounding the 150 year old heritage listed Paper Mill building which will become the new cafe and dining quarter.
Prices:
1 bed, 1 bath - $497,000 to $601,000
2 bed, 2 bath - $580,000 to $704,000
SOUTH BRISBANE, QUEENSLAND
South Brisbane is one of the busiest riverfront suburbs of Brisbane home to the Queensland Museum, Streets Beach, a giant ferris wheel and offers culture, galleries, science exhibits, a vast promenade nightlife and weekend markets. Home to over 8,000 residents and tens of thousands of daily and nightly visitors, the suburb is an important destination connected by the Victoria Bridge to Brisbane CBD.
With a median age population of 30 years old, South Brisbane retains its heritage charm and vibrancy with a large amount of big name developments jumping across the river for the waterfront lifestyle and tropical cultural charm.
Median unit and housing rents are at $510 per week with a median housing price of $994,000.
Most residents live in apartment dwellings which have a median price of $447,000.
Wood Bagot’s architecturally designed apartment tower, The Standard is South Brisbane’s latest development standing 105 metres above ground level and comprising of 261 new one, two and three bedroom dwellings.
The cylindrical tower includes such amenities as a rooftop pool, private dining rooms, theatre, a 240sqm fitness centre, rooftop wine bar, coffee lounge, a spa and wellness centre with sauna and three complementary Tesla vehicles for exclusive resident use.
Prices start at $500,000 for a one bedroom and can range up to $1,200,000 for a penthouse.
BELCONNEN, ACT
Belconnen is the inner city suburb of Canberra with a metropolitan population of over 96,000 people.
With Canberra City Centre’s restricted height and development laws, Belconnen is a designated sub-city which in recent years has developed into a mixed used activity precinct with 40% of residents born outside Australia, the sixth highest for any Canberra suburb.
Surrounding the Ginninderra Lake, Belconnen is home to the John Knight Memorial Park, a 300 store Westfield and the University of Canberra.
Belconnen remains one of the most affordable districts in Canberra with a median house price of $431,000 and a median weekly rent amount of $410.
The High Society Apartments are one of Belconnen’s recent development that showcases the large amount of growth happening in the suburb.
Designed by Fender Katsalidis, the two 27 storey towers rise with sweeping uninterrupted views of Lake Ginninderra and Greater Canberra and comprise of 541 apartment dwellings ranging between one, two and three bedrooms. Residents will be able to enjoy a rooftop park, barbeque area, wine cellar and cinema. The development also features a 135 room hotel on site which will establish Belconnen City Centre as the major destination it is becoming.
Prices:
1 bed, 1 bath - $345,900
2 bed, 1 bath - $439,400
3 bed, 2 bath - $692,400
PORT ADELAIDE, SOUTH AUSTRALIA
Approximately 14 kilometres from the Adelaide CBD sits Port Adelaide, a suburb that once was Adelaide’s most important and main supply link for the city and is now becoming a site for urban renewal.
Traditionally a working class suburb, much is maintained in terms of the heritage and long standing public pubs and bars that line St.Vincent and Lipson Street.
As one of the oldest settlements in Adelaide, the cultural significance of Port Melbourne is shown through its characteristic taverns and buildings, built in the late 1800’s as well as the vast amount of museums.
Museums include the National Railway Museum, South Australian Maritime Museum, Aviation Museum, Austbuilt Maritime Museum and the Australian Museum of Childhood.
Port Adelaide’s median housing prices range in the $570,000 range with a weekly median rent of $388.
Dock One is just one of the many developments happening in the Port Adelaide area, and it is quite a large one with 750 planned townhomes and apartments all ranging two and three bedrooms across one to five levels.
The architecture, designed by Enzo Caroscio embraces the city’s heritage character and is very much inspired by local history, culture and art. With waterfront or park facing views, residents will be able to enjoy the best of both worlds and its close proximity to the bustling working class heritage centre of Port Adelaide.
As well as a vast landscape for residents to connect and socialise, the development will also refurbish waterfront heritage buildings that need repair.
Prices can range between $400,000 to $650,000.
PERTH CBD, WESTERN AUSTRALIA
Perth has a vast array of developing suburbs but one that will see the most change will be its very own central district. The Perth CBD the city’s largest economic and cultural hub with facilities such as the Art Gallery of Western Australia, the State Library of Western Australia, the State Theatre Centre, The Perth Concert Hall and many more.
Perth CBD is home to just over 10,000 residents which is set to triple in the next decade as infill apartment development by the waterfront has encouraged an influx of movement and growth.
To accommodate this growth, Perth has turned to revitalising the waterfront with Elizabeth Quay, creating Perth Link, a development on the edge of the city that features the new Perth Arena and strengthening its retail and commercial hub.
The Towers at Elizabeth Quay are part of the grand urban renewal project set to attract over 12 million visitors annually. The development includes two residential towers, the first Ritz Carlton for Perth and a vibrant waterfront with water park, green space and new connecting bridges.
Located at the head of the precinct, the towers stand as the gateway jewel to the CBD.
With 379 residential dwellings across two Cottee Parker designed towers, residents will be able to take advantage of full panoramic views of the city and water. Amenities include a pool, gym, cycle cafe, restaurants at ground level, roof gardens and amphitheatre which will host much of the public events around the quay.
Prices:
1 bed, 1 bath - $793,000
2 bed, 1 bath - $1,283,000
3 bed, 2 bath - $2,541,000
