The Australian suburbs where no one wants to sell up
Research reveals the suburbs people never want to leave
2 min
New data has uncovered the most tightly held suburbs across Australia, where happy homeowners very rarely sell up.
According to research firm PropTrack, the average time Aussies own their home has jumped by a quarter over the past decade to a whopping 11 years.
“The most tightly held suburbs tend to be those that appeal to a wide range of different people, from young families to retirees, and are often located in the middle and outer suburban rings,” PropTrack economist Anne Flaherty said.
These hot areas usually have sought-after amenities like good schools and shopping options, as well as appealing lifestyle characteristics such as parks or proximity to the water, Ms Flaherty added.
Clarinda in Melbourne’s southeast is the most tightly held suburb in the country, where houses are owned for an average of 24 years.
The top suburb for units is popular Cremorne Point on Sydney’s Lower North Shore, where apartment owners don’t budge for an average of 17 years.
Arncliffe in the city’s south is the tightest held for houses nationally at 21 years.
That suburb has seen soaring demand in recent times, particularly among young families and first-home buyers, with the median house price jumping from $1 million at the end of 2019 to $1.54 million currently.
Reflecting the strength of property markets in Australia’s two largest capital cities in the past decade, no Queensland suburbs made the top 10 list for houses.
However, Rochedale South in Brisbane’s south appeared in the units list with an average hold time of 15 years.
Two other areas outside of Sydney and Melbourne also appeared. Perth pockets Shelley and Kalamuna each have average hold times of 15 years.
Ms Flaherty said tightly held suburbs tend to have a high proportion of owner-occupiers and a higher median resident age.
The dominant dwelling type is also usually a detached house and areas are well-connected to CBDs via quality transport infrastructure, she added.
On the flipside of things, PropTrack also crunched the numbers on the suburbs with the shortest hold times, with semi-rural Pimpama on the northern fringe of the Gold Coast ranking first at four years.
When it comes to units, Hope Island, also on the Gold Coast, has the quickest tenure with four-and-a-half years.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
A Sydney site with a questionable past is reborn as a luxe residential environment ideal for indulging in dining out
2 min
Long-term Sydney residents always had handful of not-so-glamourous nicknames for the building on the corner of Cleveland and Baptist Streets straddling Redfern and Surry Hills, but after a modern rebirth that’s all changed.
Once known as “Murder Mall” or “Methadone Mall”, the 1960s-built Surry Hills Shopping Centre was a magnet for colourful characters and questionable behaviour. Today, however, a $500 million facelift of the site — alongside a slow and steady gentrification of the two neighbouring suburbs — the prime corner property has been transformed into a luxury apartment complex Surry Hills Village by developer Toga Group.
The crowning feature of the 122-apartment project is the three-bedroom penthouse, fully completed and just released to market with a $7.5 million price guide.
Measuring 211sqm of internal space, with a 136sqm terrace complete with landscaping, the penthouse is the brand new brainchild of Surry Hills local Adam Haddow, director of architecture at award-winning firm SJB.
Victoria Judge, senior associate and co-interior design lead at SJB says Surry Hills Village sets a new residential benchmark for the southern end of Surry Hills.
“The residential offering is well-appointed, confident, luxe and bohemian. Smart enough to know what makes good living, and cool enough to hold its own amongst design-centric Surry Hills.”
Allan Vidor, managing director of Toga Group, adds that the penthouse is the quintessential jewel in the crown of Surry Hills Village.
“Bringing together a distinct design that draws on the beauty and vibrancy of Sydney; grand spaces and the finest finishes across a significant footprint, located only a stone’s throw away from the exciting cultural hub of Crown St and Surry Hills.”
Created to maximise views of the city skyline and parkland, the top floor apartment has a practical layout including a wide private lobby leading to the main living room, a sleek kitchen featuring Pietra Verde marble and a concealed butler’s pantry Sub-Zero Wolf appliances, full-height Aspen elm joinery panels hiding storage throughout, flamed Saville stone flooring, a powder room, and two car spaces with a personal EV.
All three bedrooms have large wardrobes and ensuites with bathrooms fittings such as freestanding baths, artisan penny tiles, emerald marble surfaces and brushed-nickel accents.
Additional features of the entertainer’s home include leather-bound joinery doors opening to a full wet bar with Sub-Zero wine fridge and Sub-Zero Wolf barbecue.
The Surry Hills Village precinct will open in stages until autumn next year and once complete, Wunderlich Lane will be home to a collection of 25 restaurants and bars plus wellness and boutique retail. The EVE Hotel Sydney will open later in 2024, offering guests an immersive experience in the precinct’s art, culture, and culinary offerings.
The Surry Hills Village penthouse on Baptist is now finished and ready to move into with marketing through Toga Group and inquiries to 1800 554 556.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
