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.
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Mirvac’s 45-level Trielle has topped out at Yarra’s Edge, pairing riverfront apartments with wellness facilities, private dining and resident services.
3 min
Mirvac has topped out Trielle at Melbourne’s Yarra’s Edge, with more than 70 per cent of the riverfront development sold and approximately 80 per cent of purchasers intending to make their apartment a home.
The figures, released on September 22, point to an owner-occupier audience for one of the precinct’s final residential towers. Mirvac began developing Yarra’s Edge in 2003, and its latest addition occupies one of the remaining absolute riverfront sites.
Mirvac CEO of Development Stuart Penklis said existing residents were among those moving up within the neighbourhood.
“Many purchasers already have a connection to Yarra’s Edge,” Mr Penklis said, describing buyers whose changing needs were encouraging an upgrade within the precinct.
“As one of the final residential towers within Yarra’s Edge, Trielle represents the culmination of more than two decades of creating one of Melbourne’s most established and sought-after waterfront communities,” Penklis said.
“Positioned on the Collins Street axis with absolute river frontage, Trielle offers residents a rare opportunity to enjoy sweeping views across the Yarra River, Melbourne skyline and Port Phillip Bay, while remaining seamlessly connected to the CBD. With Trielle now more than 70 per cent sold, we’re continuing to see strong demand from buyers seeking quality homes in established locations.”
The developer also flagged a penthouse and sub-penthouse collection with larger layouts, premium finishes and broad outlooks. The planned wellness centrepiece, The Oasis, encompasses a 900-square-metre elevated urban rainforest.
Mirvac General Manager Residential Development Victoria Elysa Anderson said Trielle had resonated strongly with buyers seeking a rare lifestyle offering in Melbourne.
“Opportunities to secure a new luxury residence on a riverfront site of this calibre are incredibly rare, particularly within a community like Yarra’s Edge,” Anderson said.
“What makes Trielle unique is the combination of exceptional views, world-class residential facilities and the lifestyle that already exists around it. Residents are buying into a mature waterfront community with parks, promenades, dining, wellness and strong community connections already in place.”
The 45-level tower brings a substantial new presence to that waterfront. Its residential offering spans one-, two-, three- and four-bedroom apartments, with Signature, Prestige and Sub-Penthouse collections accommodating different household sizes. The north-facing position connects the apartments visually to the river and city beyond.
Seven storeys above the promenade, the planned Oasis combines planting and a running stream with a Scandinavian-inspired wellness club developed with spa specialist Naomi Gregory. Facilities include a 25-metre lap pool, hot magnesium pool, sauna, hydrotherapy, a gym, yoga and Pilates room, and treatment spaces.
The amenity extends beyond exercise. Residents will have access to The Biblioteca library and workspaces, ground-floor work pods, and The Salone piano lounge. A private Chef’s Table dining room offers a setting for larger gatherings, while a cinema, games room and sports lounge broaden the entertaining options. Concierge services and a dog-wash area support everyday routines.
Trielle comprises a collection of one, two, three and four-bedroom residences. Reflecting strong demand from owner occupiers, approximately 80 per cent of purchasers to date intend to live in their homes, highlighting the project’s appeal to those seeking a long-term waterfront lifestyle.
Mirvac has recently delivered The Albertine, a premium apartment development on the edge of Melbourne’s CBD, and is nearing completion of Prince & Parade in Brunswick, further strengthening its portfolio of thoughtfully designed apartment communities in some of Melbourne’s most sought-after urban locations.
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