Double the demand: 40 suburbs buyers are clamouring to get into

According to the article, unit enquiries have surged significantly in many Australian suburbs over the past year. Here are some key points:

1. Top 20 Suburbs by Increase in Unit Enquiries:

   • About half of these top 20 suburbs were located in Victoria.
   • The highest increase was seen in Airlie Beach, Queensland (up 239%).
   • Other notable increases occurred in Cannonvale, Queensland (111%), Ropes Crossing, NSW (116%), and several Victorian suburbs like West Footscray (121%) and Dandenong (119%).

2. Victoria's Leading Suburbs:

   • Grovedale and Herne Hill in Geelong saw twice as many unit enquiries compared to a year ago.
   • Colac and Portland, also in Victoria’s west, experienced triple the level of unit inquiries.
   • Within Greater Melbourne, Clayton, St Kilda, West Footscray, and Dandenong showed significant increases.

3. Investor Interest:

   • Real estate agents noted increased interest from investors, particularly those using self-managed superannuation funds (SMSFs) before the government's ban on

Read the full article at Property News - Latest Real Estate Market News

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