Barellan Point in regional Queensland has been named the top housing market for families according to new research.
Situated between Brisbane and Ipswich, the riverside suburb of Barellan Point was found to be the most family-friendly with a median house price of $800,000 while still being close enough to the Brisbane CBD.
The research from Well Money also found Willunga in South Australia, Mons and Nudgee in Queensland, and Boya in Western Australia were the top-ranked suburbs for families across the country.
Queensland continues to be a popular destination for families and tied with Victoria with six suburbs in the top 20.
Western Australia (3), New South Wales (2), South Australia (2) and the ACT (1) all had suburbs ranked in the top 20.
Well Money Chief Executive Officer Scott Spencer said they examined a number of factors including having a median house price between $200,000 and $1.5 million.
“All the suburbs in the top 20 ranking are family-friendly as well, which means they contain a
lot of families, they contain a lot of owner-occupiers, they’re relatively close to capital city
CBDs and they’re above-average in terms of educational and occupational status,” Mr Spencer said.
Mr Spencer said he was pleased to see buying conditions had become easier in all the top rated suburbs.
“Over the past three months, inventory levels have increased in all the suburbs, which
means there’s more stock on market, buyers have more options and downward pressure is
being placed on prices, which should translate into discounts sooner or later,” he said.
“That’s good to see, because while it’s nice for people’s homes to increase in value, we don’t
want working families to be priced out of the market.”