Top 20 Australian suburbs where house prices are set to soar – Spring 2021 Update

Another Well Home Loans ‘Green Shoots Report’ is out and with it comes a fresh new batch of promising Australian suburbs for property buyers to keep an eye on. This Spring 2021 update uses Suburbtrends data to tell us which suburbs are showing telltale signs of price growth in the medium-term.

Scott Spencer, CEO of Well Home Loans, said the Green Shoots Report provides valuable data for first home buyers, investors and anyone else thinking about buying a property. “The standout feature about this quarterly report is that it focuses on leading indicators, which give a guide to the future, rather than lagging indicators, which tell you about the past.”

The 20 housing markets chosen show the strongest combination of these three factors over the past three months:

• Inventory levels decreasing
• Days on market decreasing 
• Asking prices rising

We deep-dive into what these key factors mean and why they’re important in another recent article covering a previous Green Shoots Report.

So, without further ado, let’s check out which Australian suburbs are set to soar in this Green Shoots Report spring update.

Top 20 Australian Suburbs Where House Prices Are Set To Soar – Spring 2021 Update.

1. Deebing Heights, QLD 4306 – Houses

Changes in the last 3 months:

• Inventory level = down 72.3%, fallen from 10.1 months to 2.8 months
• Days on market = down 15% from 60 to 51 days
• Median asking price = up 1.4% from $419,000 to $424,952

Deebing is rated highly on Homely for being clean & green and for its low cost of living. 

Browse Deebing Heights property listings and if you’re a local, help other house hunters by leaving a Deebing Heights suburb review.

2. Springfield, QLD 4300 – Houses

Changes in the last 3 months:

• Inventory level = down 67.2% from 59.3 months to 3.1 months
• Days on market = down 23.5% from 51 to 39 days
• Median asking price = up 1.1% from $530,000 to $536,000

Find out why Springfield is great for people looking for an area with great schools, parks and recreation and is safe in our Springfield Suburb Reviews section.

Browse Springfield Listings and check out what people say about the area.

3. Jimboomba, QLD 4280 – Houses

Changes in the last 3 months:

• Inventory level = down 48.1% from 11.5 months to 6.0 months
• Days on market = down 23.5% from 58 days to 47 days
• Median asking price = up 2.1% from $448,170 to $457,435

Find out why Jimboomba is the just place to find peace and quiet amongst clean, green landscapes with minimal traffic in our Jimboomba Suburb Reviews.

Browse Jimboomba Listings and check out what people say about the area.

4. Davoren Park, SA 5113 – Houses

Changes in the last 3 months:

• Inventory level = down 52.2% from 9.8 months to 4.7 months
• Days on market = down 2.4% from 41 days to 40 days
• Median asking price = up 2.0% from $278,895 to $284,500

Davoren Park locals rate the area highly for having great public transport and a lost cost of living. Check out all of our suburb reviews for Davoren Park. 

Browse Davoren Park Listings and check out what people say about the area.

5. Huntly, VIC 3551 – Houses

Changes in the last 3 months:

• Inventory level = down 69.9% from 7 months to 2.1 months
• Days on market = down 24.1% from 29 to 22 days
• Median asking price = up 3.0% from $389,819 to $401,648

Are you a Huntly local? Leave a review on Homely to help other home buyers get to know your area.

Browse Huntly property listings and check out what people say about the area.

6. Morphettville, SA 5043  – Houses

Changes in the last 3 months:

• Inventory level = down 56% from 8.6 months to 3.8 months
• Days on market = down 10% from 30 to 27 days
• Median asking price = up 3.1% from $570,000 to $587,510

Find out why Morphettville is highly rated for an affordable cost of living, being clean and green and having great gyms, medical facilities and places to eat in our Morphettville Suburb Reviews.

Browse Morphettville property listings and check out what people say about the area.

7. Melton South, VIC 3338 – Houses

Changes in the last 3 months:

• Inventory level = down 50.6% from 9.3 months to 4.6 months
• Days on market = down 5.6% from 36 to 34 days
• Median asking price = up 1.6% from $462,500 to $470,000

Find out why Melton South is rated highly for schools, childcare, the cost of living and more in our Melton South Suburb Reviews. 

Browse Melton South property listings and check out what people say about the area.

8. Gawler East, SA 5118 – Houses

Changes in the last 3 months:

• Inventory level = down 54.4% from 8 months to 3.7 months
• Days on market = down 11.9% from 59 to 52 days
• Median asking price = up 1.2% $385,520 to $390,000

Find out why locals in Gawler East love its neighbourly spirit, parks and recreation, schools and more in our Gawler East Suburb Reviews.

Browse Gawler East property listings and check out what people say about the area.

10. Wilton, NSW 2571 – Houses

Changes in the last 3 months:

• Inventory level = down 46.3% from 9.1 months to 4.9 months
• Days on market = down 14.3% from 49 to 42 days
• Median asking price = up 4.3% from $781,124 to $815,000

Take a look at why Wilton is rated highly for its safety, neighbourly spirit, cleanliness and green surroundings in our Wilton Suburb Reviews.

Browse Wilton property listings and check out what people say about the area.

10. Denham Court, NSW 2565 – Units

Changes in the last 3 months:

• Inventory level = down 43.2% from 9.3 months to 5.3 months
• Days on market = down 5.7% 35 to 33 days
• Median asking price = up 1.6% $832,000 to $845,000

Are you a Denham Court local? Leave a review on Homely to help other home buyers get to know your area.

Browse Denham Court property listings and check out what people say about the area.

11. Como, WA 6152  – Houses

Changes in the last 3 months:

• Inventory level = down 39.8% from 9.4 months to 5.7 months
• Days on market = unchanged at 48 days
• Median asking price = up 6.2%  $846,600 to $899,000

Como is rated as a great place for parks and recreation, public transport and schools & childcare. Find out why in our Como Suburb Reviews. 

Browse Como property listings and check out what people say about the area.

12. Alkimos, WA 6038 – Houses

Changes in the last 3 months:

• Inventory level = down 39.8% from 8.6 months to 5.2 months
• Days on market = down 15.3% from 72 to 61 days
• Median asking price = up 2.6% from $399,710 to $409,903

Alkimos is highly rated for its neighbourly spirit, lack of traffic, and for being peaceful and quiet. Find out why by checking out our Alkimos Suburb Reviews. 

Browse Alkimos property listings and check out what people say about the area.

13. Uralla, NSW 2358 – Houses

Changes in the last 3 months:

• Inventory level = down 36.8% from 8.1 months to 5.1 months
• Days on market = down 9.2% from 120 to 109 days
• Median asking price = up 1.4% from $370,000 to $375,000

Take a look at why Uralla rated highly for its low cost of living, great parks and recreation and being a safe place to live in our Uralla Suburb Reviews. 

Browse Uralla property listings and check out what people say about the area.

14. Caversham, WA 6055 – Houses

Changes in the last 3 months:

• Inventory level = down 32.6% from 8.1 months to 5.1 months
• Days on market = down 7.6% from 66 days to 61 days
• Median asking price = up 1.6% from $467,990 to $475,495

Caversham is known on Homely for having great neighbourly spirit, parks and recreation and being safe to live in. Check out what else people have to say about Caversham in our Caversham Suburb Reviews. 

Browse Caversham property listings and check out what people say about the area.

15. Darwin City, NT 800 – Units

Changes in the last 3 months:

• Inventory level = down 20.8% from 12.7 months to 10 months
• Days on market = down 15.6% from 64 to 54 days
• Median asking price = up 2.6% from $415,000 to $425,700

Find out why Darwin City is great for schools, shopping, parks and more in our Darwin City Suburb Reviews. 

Browse Darwin City property listings and check out what people say about the area.

16. Cranbourne East, VIC 3977 – Houses

Changes in the last 3 months:

• Inventory level = down 38% from 6.7 months to 4.2 months
• Days on market = down 5.9% from 34 to 32 days
• Median asking price = up 3% from $540,000 to $556,240

Read up on why Cranbourne East is rated highly for cost of living, having great parks and being a safe place to live in our Cranbourne East Suburb Reviews. 

Browse Cranbourne East property listings and check out what people say about the area.

17. Farrar, NT 830 – Houses

Changes in the last 3 months:

• Inventory level = down 48.5% from 4.8 months to 2.5 months
• Days on market = down 44.8% from 58 to 32 days
• Median asking price = up 6.4% from $550,000 to $585,000

Take a look at why Farrar is rated highly for being clean & green, quiet and having great parks and more in our Farrar Suburb Reviews. 

Browse Farrar property listings and check out what people say about the area.

18. Ambleside, TAS 7310 – Houses

Changes in the last 3 months:

• Inventory level = down 40.5% from 5.6 months to 3.3 months
• Days on market = down 12.5% from 48 days to 42 days
• Median asking price = up 11.5% from $480,000 to $535,000

Find out why Ambleside is great for schools, safety, neighbourly spirit and more in our Ambleside Suburb Reviews. 

Browse Ambleside property listings and check out what people say about the area.

19. Sorell – Units, TAS 7172

Changes in the last 3 months:

• Inventory level = down 40% from 5.2 months to 3.1 months
• Days on market = down 55% from 109 to 49 days
• Median asking price = up 3.8% from $395,000 to $410,000

Discover why locals say Sorrell is great for parks, lack of traffic and more in our Sorrel Suburb Reviews. 

Browse Sorell property listings and check out what people say about the area.

Are you a Sorell local? Leave a review on Homely to help other home buyers get to know the area.

20. Moil, NT 810 – Houses

Changes in the last 3 months:

• Inventory level = down 36.6% from 5.2 months to 3.3 months
• Days on market = down 34% from 50 days to 33 days
• Median asking price = up 12.5% from $470,400 to $529,000

Check out why Moil is rated highly for childcare, neighbourly spirit and more in our Moil Suburb Reviews. 

Browse Moil property listings and check out what people have to say about the area.

*All market forecasting data in the quoted report was provided by industry and media-trusted property research consultancy, Suburbtrends