Finder makes money from featured partners, but editorial opinions are our own.

Australian property hot spots for 2016 revealed


melbourne leading population growth changeIn spite of a cooling housing market, there are still hot spots for new home building and population growth.

The Housing Industry Association has identified Australia’s strongest performing markets for new home building and population growth in its Population and Residential Building Hotspots report.

“A total of more than 220,000 new dwellings were commenced last year, so it’s no surprise there was a strong performance among housing Hotspots across Australia,” HIA economist Diwa Hopkins said.

In spite of reports indicating Australia's property market is slowing, Hopkins said the report identified a total of 602 spots for strong population growth and home building. The HIA defined a “Hotspot” as a local area where population growth exceeds the national average and the value of residential building work is in excess of $100 million.

The ACT’s south west performed the best in the HIA rankings, with residential building approvals of nearly $216.5 million for 2014/15 and an annual population growth rate of 127.3%. New South Wales and Victoria dominated the list, accounting for half of the top 20 hot spots identified by the HIA.

Australia's top five property hot spots

Statistical areaState/TerritoryResidential building approved 2014/14Annual population growth rate
ACT - South WestACT$216.5 million127.3%
Cranbourne EastVIC$328.7 million32%
Cobbitty - LeppingtonNSW$363.8 million26.1%
HarrisonACT$101.7 million22.8%
Palmerston - SouthNT$102.1 million22.4%

Source: HIA

“In the final analysis, the fact that ten of the Top 20 Hotspots are located in NSW and Victoria speaks volumes. These two states have been the engines of the strong upturn in new home building over the last few years. It is also encouraging to see WA still perform strongly this time at the national level, considering the difficulties arising from the natural resources downturn,” Hopkins said.

Find the right home loan now

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site