Experts reveal their top 100 suburbs tipped to best weather the property downturn – ABC News

With interest rates rising and property prices falling, it’s becoming harder to access housing finance, but analysts say some suburbs still have bright prospects next year.

Key points:

  • Victorian suburbs dominate the list with 29 spots
  • Experts say affordability is a key driver of demand
  • But sentiment in the property industry is declining

    A panel of property analysts has compiled a list of 100 suburbs around Australia which they say have the best prospects of defying negative real estate trends in 2023.

    They’ve identified the suburbs by considering a range of mid- and long-term drivers of growth, such as affordability, location, gentrification, amenities, and demographic change.

    Victorian suburbs are the most prevalent on the list, accounting for 29 spots of the 100.

    New South Wales and Queensland both account for 24 spots, followed by South Australia (9), Western Australia (7), the ACT (5), Tasmania (1), and the Northern Territory (1).

    It comes as the latest ANZ-Property Council survey shows sentiment in the property industry has now fallen below pre-pandemic levels, as the Reserve Bank keeps lifting rates aggressively.

    Which suburbs made the list?

    The list of properties has been compiled by and released this week for its inaugural “Hot 100” publication.

    The list will be published every year to track changes in Australia’s property markets as demographics and economic conditions evolve.

    Its list of 100 suburbs for 2023 is in the table below.

    You can toggle through the pages by pushing the arrow buttons at the top right corner of the interactive table.

    You’ll notice different criteria for each suburb.

    The analysts say those criteria are the growth drivers for each suburb that helped the suburbs get onto the list.

    Cameron Kusher, director of economic research at PropTrack and one of the analysts for the project, said the Reserve Bank’s rapid rate hikes had contributed to a lot of market uncertainty this year but they were also creating opportunities.

    “Despite the rapid increases in rates through

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