A report from Hello Haus identified nine suburbs that are poised to resist any potential economic uncertainty in the short to medium term.

The suburbs included in the list have a proportion of resident homeowners that exceeds 55% of the population, a median days-on-market of below 60, and an annual growth rate of more than 6%.

Hello Haus founder Scott Aggett these suburbs have the right fundamentals for values to hold steady or even increase amid a potential slip of the Australian economy towards recession.

“The Australian property market comprises myriad locations, price points and property types — while overall values are down, there will be areas where the right investment will continue to make excellent returns, whether it be for a homeowner or investor,” he said.

“Of the nine locations selected, four were in south-east Queensland highlighting the resilience of that region on a national standing — we’ve analysed key metrics for each and selected those areas that exceed our benchmarks across those critical measures.”

Here are the nine recession-proof suburbs for property buyers:

Banksia Park, South Australia

Median house price: $654,500
Days on market: 25
Gross yield
: 3.57%
Rental vacancy rate: 0.81%
10-Year Compound rate: 7.1%

Banksia Park is located 16 kilometres north-east of Adelaide’s CBD. It is set to benefit from the $6bn worth of infrastructure projects, including the Adelaide Airport expansion.

Around 89% of the suburb’s population are homeowners. This suburb is dominated by 30- to 40-year-old brick homes on traditional size allotments.

East Toowoomba, Queensland

Median house price: $727,500
Days on market: 42
Gross yield: 3.54%
Rental vacancy rate: 1.2%
10-Year Compound rate: 6.45%

East Toowoomba is blessed with established infrastructure and planned rail and road network upgrades, which would bode well for its local housing market.

It is located 1.5 kilometres east of Toowoomba’s city-centre and only 90 minutes away from Brisbane.

Homeowners make up more than half (57%) of East Toowoomba’s population.

East Albury, New South Wales

Median house price: $699,000
Days on market: 31
Gross yield: 3.42%
Rental vacancy rate: 1.73%
10-Year Compound rate: 8.5%

East Albury appears to have a relatively easy access to other states — it is three hours’ drive from Melbourne, six hours from Sydney, nine from Adelaide, and more than three houses from Canberra.

The suburb is home to a lot of housing options, from contemporary and established dwellings to attached housing.

Around 66% of East Albury’s population are homeowners.

Burleigh Waters, Queensland

Median house price: $1.4 million
Days on market: 47
Gross yield: 3.53%
Rental vacancy rate: 1.09%
10-Year Compound rate: 11.50%

Burleigh Waters is one of Gold Coast’s prime hotspots — many southern buyers set their sales to this suburb, boosting its net internal migration.

Around 80% of Burleigh Waters’ population own their own home.

Thornlands, Queensland

Median house price: $850,000
Days on market: 25
Gross yield: 3.67%
Rental vacancy rate: 1.7%
10-Year Compound rate: 6.8%

Nestled in Brisbane’s bayside, Thornlands is roughly 32 kilometres south-east of the CBD.

Thornlands population, 74% of which are homeowners, are set to benefit from the $300m infrastructure spending.

Reedy Creek, Queensland

Median house price: $1.31 million
Days on market: 39
Gross yield: 3.86%
Rental vacancy rate: 0.95%
10-Year Compound rate: 11.25%

Property buyers flock to Reedy Creek to check out modern lifestyle homes. Roughly 82% of the population in this suburb are homeowners.

Reedy Creek provides easy access to several points of interest like the Pacific Motorway. It is positioned just 25 kilometres south-west of the Southport CBD and 85 kilometres south of the Brisbane CBD.

The $7b infrastructure budget for the M1 Varsity Lakes to Tugun upgrade would boost Reedy Creek’s market.

Leichhardt, New South Wales

Median house price: $1.73 million
Days on market: 24
Gross yield: 2.50%
Rental vacancy rate: 1.03%
10-Year Compound rate: 7.30%

Comprising 60% of Leichhardt’s population are homeowners, who are in good position to benefit from nearby infrastructure projects like the $3.9bn Rozelle interchange and the $750m Royal Prince Alfred Hospital redevelopment.

At its median price, Leichhardt offers a relatively low entry-level point to the inner west of the Sydney property market.

Bulli, New South Wales

Median house price: $1.58 million
Days on market: 25
Gross yield: 2.73%
Rental vacancy rate: 1.13%
10-Year Compound rate: 11%

Bulli is a beachfront suburb services by the Princess Highway. The suburb is 10 kilometres north of Wollongong’s CBD.

Bulli Beach is a go-to destination for beachgoers, making it also attractive for sea-change buyers.

Approximately 79% of Bulli’s population are homeowners.

Lilyfield, New South Wales

Median house price: $2.1 million
Days on market: 25
Gross yield: 2.21%
Rental vacancy rate: 1.03%
10-Year Compound rate: 8.5%

Situated in the inner west of Sydney, Lilyfield is six kilometres away form CBD and is fronting the Parramatta River.

Lilyfield relatively offers a cheaper median price compared to other suburbs within 10 kilometres of the CBD that also have over 2% gross yield and low supply of detached houses.

Homeowners make up 64% of Lilyfield’s population.


Photo by Freesally from Pixabay.