• Australia’s most in-demand streets

    Australia’s most in-demand streets

    All roads lead to Melbourne, with the Victorian capital home to eight of the 10 most sought-after streets for buyers in Australia.

    Australias most in-demand streets 
    The realestate.com.au data shows that Regent Street in Elsternwick is the most sought-after strip in Australia, followed by Perry Street in Collingwood and then Joyce Street in Elwood.

    The findings highlight the importance of walkability and the attraction of designer homes, according to realestate.com.au Chief Economist Nerida Conisbee.

    “I think many of these streets really do have nice homes and often they are streets where people are looking not just to buy, but for inspiration and ideas,” she says.

    “The idea that people are looking at our site for inspiration really becomes obvious when we look at the most popular streets. We can’t really see it as much when we look at popular suburbs, because often in suburbs pricing becomes far more important,” she says. 

    Most in-demand streets in Australia

    Street Surburb Median house price by suburb
    Regent Street Elsternwick (VIC) $1,820,000
    Perry Street Collingwood (VIC) $1,030,000
    Joyce Street Elwood (VIC) $2,040,000
    Jayson Avenue Eltham (VIC) $943,000
    Cross Street Mosman (NSW) $3,780,000
    Swinton Avenue Kew (VIC) $1,950,000
    Forest Street Collingwood (VIC) $1,030,000
    Charlotte Place St Kilda (VIC) $1,700,000
    Dauphin Terrace Highgate Hill (QLD) $970,000
    Glen Drive Eaglemont (VIC) $1,810,000
    Source: Realestate.com.au. The data only looked at suburbs with greater than 10 streets, with 5 listings onsite per street, for the three years to 31 March 2019.

    The data looked at the most in-demand streets for buyers in Australia on realestate.com.au for the three years up to 31 March 2019. Demand for these sought-after streets is defined as those with the highest average views per listing, per day. To meet the data requirements, these in-demand streets needed at least five listings onsite over the three-year period.

    Which street is the most sought-after in each city?  Here’s what the data shows.

    Melbourne’s most in-demand street: Regent St, Elsternwick

    Buying in Elsternwick doesn’t come cheap, with the median house price sitting at $1.82 million but TV’s The Block has raised the profile of this street and suburb with buyers, Conisbee says.

    “People may not have necessarily known Elsternwick but then they’ve seen it on The Block and seen it’s a really lovely suburb and had a look around it. Also they’ve had a look at other houses on that street,” she says.

    Sydney’s most in-demand street: Cross St, Mosman

    With a median price at the suburb level of $3.775 million, most local visitors looking at Cross Street in Mosman aren’t buyers looking to buy a new home.

    “Often at a street level, we see premium streets, expensive streets. Most people can’t afford a property in Cross Street in Mosman but they’re definitely looking for some ideas and just to have a poke around,” Conisbee says.

    Brisbane’s most in-demand street: Dauphin Tce, Highgate Hill

    Location is what’s driving interest in this street, it’s just two kilometres from Brisbane’s CBD in the prestigious suburb of Highgate Hill and offers both houses and apartments for interested buyers, Consibee says.

    “It’s more about the street’s location than about the housing stock,” she says.

    Adelaide’s most in-demand street: Gordon St, Kurralta Park

    The quiet of this no-through road in Kurralta Park, where the median price is $605,000, appeals to many buyers, particularly those with children. This area is located less than six kilometres from the CBD.

    “If you have kids and you want them to be riding their bikes outside, you don’t want a lot of traffic. I think that would be something people would quite like,” she says.

    Hobart’s most in-demand street: Faraday St, West Hobart

    Walkability and character homes are the key draw cards of this street in West Hobart, where the suburb median price is $700,000.

    “It’s really central and also has period homes. For somewhere like Hobart, we’d be seeing not just local buyers, but people from interstate and potentially overseas,” Conisbee says.

    Canberra’s most in-demand street: Hunter St, Yarralumla

    This leafy street sits in an area that’s home to several embassies and is also full of large homes with tennis courts and pools. That combination makes this street the most sought-after in the ACT.

    The median price in this suburb, Yarralumla, is $1.41 million.

    “It’s a pretty premium location in Canberra with pretty big homes. I think this is a case of people having a look around…it’s near the embassies too, which would probably be a factor,” she says.

    Perth’s most in-demand street: Walter St, Claremont

    Perth’s most in-demand street is located in an area that has a great mix of amenities, says Conisbee.

    “Claremont is a premium suburb that often features strongly on site. It has a good shopping centre, good schools, good public transport – it has a lot to offer.

    Darwin’s most in-demand street: Macartney St, Fannie Bay

    While normally suburbs to the north, near Charles Darwin University, dominate the most in-demand areas in the NT, Fannie Bay offers a beach lifestyle plus cafes and shops, says Conisbee.

    “I think Fannie Bay is pretty nice. Potentially investors are looking here as well as families,” she says.

    Which street is the most sought-after in your area?  

    Take a look at this interactive tool to find out. Please note, if the tool does not work, please switch browsers.

     

     

    Originally published on realestate.com.au as “Australia’s most in-demand streets”.

     

    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

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