The last 18 months has seen a boom in city-slickers moving regional – avoiding lockdown fatigue, chasing more leisurely lifestyles, or simply buying where they can afford a home they love.
If you’ve read our latest blog about Australians making the ‘sea change’, and are considering a move yourself you’ll be pleased to know that Canstar in conjunction with Hotspotting.com.au have released a report detailing the country’s top regional suburbs set to soar in 2022.
Whether you’re looking to invest in Regional towns or make the move, get up to speed with the top suburbs below. But first, here are some top tips for moving regional from our Head of Industry at Homely, David Webb.
Webb says, “On top of recent growth there are several things you should look to understand about a region before looking to buy.”
His three key pieces of advice are: 1. It’s easy to feel the pull of a coastal lifestyle or see a growth spike in an area and think you stand to make an investment windfall but, as with any purchase, understanding the real reasons for buying in an area is key.
2. Be sure to research infrastructure, and make sure you’ll have the access to schools, shops, transport and even the internet speeds that you’ll need. You can also make better purchase decisions if you are across proposed developments and historical trends in the area you’re buying into. 3. If you’re looking to make a regional move it can also be a good idea to spend some time in a holiday rental in the area to make sure the lifestyle is everything you’re hoping it will be.
Top 10 Regional Suburbs in New South Wales to Invest in 2022
It is to no surprise that Regional New South Wales ranked 1st in Australia, among regional and metropolitan areas, showing the best investment potential for 2022 buyers. The much-talked about ‘mass exodus to affordability’ has seen hoards leaving the city for a more laid back and cost-effective life – regional Sydney seems to be the place to go to get away – but not too far.
63 St Lawrence Avenue, Blue Haven NSW 2262
Blue Haven, NSW 2262 (Central Coast)
Median house price: $560,000
1 year growth: 13.7%
Top Homely suburb review for Blue Haven:
“I bought a House in Blue Haven 4 years ago and really love the place. I have 4 kids .
Top 10 Regional Suburbs in Victoria to Invest in 2022
Despite Regional Victoria experiencing a similar boom to the likes of Regional NSW, it came in #10 in this report. Experts say this is because the area got ‘on the boom’ earlier than other regional areas – having experienced steady and exceptional growth for the last 5 years already. While it is expected that the house prices in Regional Victoria will continue to rise, it won’t be as steep as some other regional areas in Australia.
2 Royal Crescent, Beaconsfield VIC 3807
Beaconsfield VIC 3807
Median house price: $825,000
1 year growth: 15.9%
Top Homely suburb review for Beaconsfield:
“We moved to Beaconsfield from Berwick about three years ago and discovered this best kept secret. It’s the perfect location to raise a family with all amenities within walking distance. A 3 year old can even…” Read more about Beaconsfield VIC 3807 on Homely.
Top 10 Regional Suburbs in Queensland to Invest in 2022
Regional Queensland ranked 2nd overall in Australia (out of both regional and metropolitan areas) in this report. It’s said that the vacating of Melbourne & Sydney spurred by the pandemic is showing no signs of slowing – and regional Queensland is where it’s at!
16 Bluejay Street, Burleigh Waters QLD 4220
Bundaberg East QLD 4670
Median house price: $290,000
1 year growth: 19.8%
Top Homely suburb review for Bundaberg East:
“I am very happy and proud with the area. Guests (mostly from Sydney) often comment on how beautiful the street/area is. Everything is within a 10 minute drive, including the beach. House prices are spot on in…” Read more about living in Bundaberg East QLD 4670 in our suburb reviews.
Top 5 Regional Suburbs in South Australia to Invest in 2022
Ironically, although Regional South Australia ranks last in this report, it has still seen strong growth over the last year and signs that the growth will continue.
11 Bell Court, Encounter Bay SA 5211
Encounter Bay SA 5211
Median house price: $435,000
1 year growth: 15.6%
Top Homely suburb review for Encounter Bay:
“Lived here over 2 years, it is a beautiful suburb to live in. We don’t have much in the way of shops but it is only a 6 minute drive to Victor Harbor. We have a great library, and such a lovely…” Read more about Encounter Bay SA 5211 on Homely suburb reviews.
Top 5 Regional Suburbs in Western Australia to Invest in 2022
Regional Western Australia ranked an impressive #3 in this report – said to be due to the rising economy in the state underpinned by a dominant resources sector that is responsible for such economic growth. Experts say this is the first strong growth the area has seen in 10 years.
Top 5 Regional Suburbs in Tasmania to Invest in 2022
In the past few years, Tasmania has benefitted from the early days of ‘exodus to affordability’ and while we have seen that trend continue in the last 12 months, there are indicators that regional Tasmania at large has reached its big peak (for now). With that said, there are still promising suburbs around the state offering growth potential plus some nice, low median prices.
24 Joffre Street, Mowbray TAS 7248
Mowbray TAS 7248 (Launceston)
Median house price: $315,000
1 year growth: 18.9%
Top Homely suburb review for Mowbray:
“Mowbray is situated approximately 5 minutes from the Launceston CBD. It has everything you need in one little spot.Supermarkets, cafes, chemists, Dr surgeries and…” Read more in Mowbray TAS 7248 suburb reviews.
Marika is the Marketing & Communications Manager at Homely and property enthusiast. Homely is an industry-backed platform with user-friendly property listings, millions of helpful suburb reviews from locals and agent profiles to help better connect homeowners with the resources they need to sell, buy and lease.
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Homely is an internationally acclaimed real estate portal helping millions of Australians each year to find their next home for sale or for rent. Check out our suburb reviews and local Q&A pages to see what everyone is talking about.
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