Property investing isn’t just about snapping up any home with a ‘For Sale’ sign - it’s about finding areas that fit your goals and budget. But when median prices in some parts of Australia are inching toward seven figures, where do you even begin? We crunched the numbers to uncover suburbs where real estate is still within reach while offering solid growth potential.
We set the bar high with strict investment criteria focused on long-term value. To make the cut, suburbs needed affordable median prices under $600,000, with many in the $350,000–$500,000 range.
We also looked for steady price growth of at least 5% annually, properties selling within 60 days, and at least 30 sales per year to ensure active market demand. Strong rental yields of 5% or more, low vacancy rates, and proximity to major infrastructure sealed the deal, pointing to both solid returns and future growth potential.
Despite casting a wide net, states like NSW, ACT, NT, and TAS didn’t make the final list. While they have promising pockets, their suburbs often fell short on key metrics like rental yields, price growth, or buyer demand compared to standout areas in QLD, WA, and SA.
At the end of the day, there’s no magic formula for property investing—it all comes down to syncing up your budget, comfort level, and long-term goals. Think of this list as your starting block, not the finish line. Use it to guide your research, scope out suburb profiles, strike up conversations with locals, and pick the brains of a few agents. The more you explore and the more data you unpack, the more confident you’ll feel about nabbing that next standout property.
What’s the criteria?
- Maximum median value of $600,000 or less. There are many homes on this list priced between $350,000 and $500,000.
- Average annual growth of at least 5%; this may not have been linear growth, but over the last 10+ years, these suburbs have increased in value by an average of at least 5% per year.
- Time on market of no more than 60 days. When it takes longer than two months on average for properties to sell in a particular market, that can indicate slow demand, which can dampen property price growth. Additional weight was given to suburbs with time on market under 30 days, indicating exceptional market activity.
- Number of properties sold - at least 30 per year. A low number of transactions per year indicates a slow-moving market, so we looked for areas with a higher turnover.
- Rental yield of at least 5% - suburbs with higher yields offer stronger cash flow potential, with those exceeding 6% scoring the highest.
- Low vacancy rates inferred from shorter time on market - suburbs where properties sell quickly are likely to have stronger rental and buyer demand, boosting long-term investment appeal.
- Proximity to major infrastructure and city centres - suburbs within 50 km of a major city centre (measured by GPO distance) scored the highest due to better access to amenities and future growth potential.
Armadale, Perth
Median house price: $501,000
Average annual growth: 6%
Current yield: 6%
Description: Armadale is a suburb that blends affordability with serious investment potential. With median property prices sitting at $501,000 for houses, it’s a smart option for budget-conscious buyers and savvy investors. What really stands out is the impressive growth—house prices have jumped 43% over the past year and 130% over five years, making it a strong contender for long-term gains. On the rental side, the numbers are just as compelling, with median rents at $550 per week for houses, delivering gross rental yields of 6%. Properties in Armadale are also moving fast, with an average of 17 days on market. Combine all this with its family-friendly vibe, proximity to shops, schools, and public transport, and Armadale shapes up as a location with both lifestyle appeal and solid returns.
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Source: realestate.com.au
Beenleigh, Queensland
Median unit price: $385,000
Average annual growth: 8.6%
Current yield: 6%
Description: Beenleigh, nestled in Queensland’s Logan region, hits the sweet spot of affordability, convenience, and investment potential. Positioned at the crossroads of the Pacific and Logan Motorways, and serviced by Beenleigh Train Station, it offers seamless connectivity to both Brisbane and the Gold Coast.
For property investors, Beenleigh is making waves with promising growth and rental returns. The median unit price is $385,000, having surged 29% in the past year and an impressive 96% over five years. Rental demand remains strong, with median weekly rents at $410, delivering a solid 6% rental yield. Properties here spend just over 24 days on the market on average, showing steady buyer interest.
Source: realestate.com.au
Capalaba, Queensland
Median unit price: $570,000
Average annual growth: 6.5%
Current yield: 5%
Description: Capalaba, located in Brisbane's Redland City area, offers a combination of suburban convenience and strong investment potential. Locals appreciate its convenience, with everything from major shopping hubs like Capalaba Park and Capalaba Central to family-friendly parks and schools all within easy reach. Public transport connections and major roads make it an ideal spot for those who commute to Brisbane or nearby areas.
On the property front, Capalaba has been quietly gaining traction. The median unit price of $570,000 reflects a solid 20% growth over the past year and nearly 81% over five years. The rental market is equally strong, with weekly rents averaging $560 and a gross rental yield of 5%. Properties here don’t linger long, spending just 24 days on the market on average.
Source: realestate.com.au
Christie Downs, South Australia
Median house price: $593,000
Average annual growth: 9.3%
Current yield: 4%
Description: Christie Downs, a suburb in Adelaide’s southern region, is known for its affordability and steady growth in the property market. It’s a community with access to essential amenities like local schools, parks, and shopping centres, and it offers convenient transport links to the city and nearby coastal areas, making it appealing to both families and commuters.
The property market in Christie Downs shows promising trends for investors. The median house price stands at $593,000, with a significant 23% growth over the past year and an impressive 117% over five years. Rental yields, while modest at 4%, indicate stable demand, with weekly rents averaging $500. Properties here sell quickly, spending just 22 days on the market on average, underscoring the area’s popularity.
Source: realestate.com.au
Deception Bay, Queensland
Median unit price: $466,000
Average annual growth: 6.3%
Current yield: 5%
Description: Deception Bay, situated in Brisbane’s Moreton Bay region, is a coastal suburb that balances lifestyle appeal with investment promise. Known for its proximity to the water and accessible location, it offers a relaxed setting for families and professionals while remaining within commuting distance to Brisbane and nearby hubs.
The property market in Deception Bay has shown solid growth, particularly in the unit sector. The median unit price is $466,000, reflecting a 19% increase over the past year and 89% growth over five years. Rental demand remains strong, with weekly rents averaging $440 and a gross rental yield of 5%, making it attractive for investors seeking consistent returns. Properties here are in high demand, spending just 17 days on the market on average. With its coastal charm and steady market performance, Deception Bay continues to be a suburb to watch for both lifestyle seekers and property investors.
Source: realestate.com.au
Echuca, Victoria
Median unit price: $440,750
Average annual growth: 6.6%
Current yield: 6%
Description: Echuca, nestled along the Murray River in Victoria’s Goulburn region, is a town steeped in history and natural beauty. Famous for its historic port and paddle steamers, the town boasts a strong sense of community, with excellent schools, local markets, and a variety of dining options that showcase regional produce. The town’s relaxed lifestyle and access to local amenities make it a popular choice for families, retirees, and tourists.
The property market in Echuca is performing well, particularly in the unit sector. The median unit price stands at $440,750, with an annual growth of 19% and a notable 71% increase over the past five years. Investors are drawn to the strong rental market, where weekly rents average $540, delivering a gross rental yield of 6%.
Source: realestate.com.au
Elizabeth Grove, South Australia
Median house price: $418,500
Average annual growth: 10.4%
Current yield: 5%
Description: Elizabeth Grove, established in 1955 as part of Adelaide's northern suburbs, offers residents a community-oriented environment with essential amenities. The suburb features local shopping centres, public and Catholic primary schools, and various churches, providing a family-friendly atmosphere. Its proximity to Main North Road ensures convenient access to Adelaide's city centre and neighbouring areas.
The property market in Elizabeth Grove has shown promising trends. The median house price is approximately $450,000, with a 12-month growth rate of 15%. Rental properties have a median weekly rent of $400, resulting in a gross rental yield of around 4.6%. Properties in the area typically spend about 25 days on the market, indicating steady demand.
Source: realestate.com.au
Ellenbrook, Western Australia
Median unit price: $410,000
Average annual growth: 12.5%
Current yield: 7%
Description: Ellenbrook, located in Perth’s northeastern suburbs, is a vibrant, master-planned community that offers a blend of urban convenience and a relaxed lifestyle. The suburb is well-equipped with schools, shopping centres, and parks, making it popular among families. Ellenbrook’s proximity to the Swan Valley adds another layer of appeal, giving residents easy access to wineries, restaurants, and scenic outdoor spaces.
The property market in Ellenbrook has shown strong growth. The median unit price stands at $410,000, reflecting a robust 31% increase over the past year and 95% over five years. The rental market is equally appealing, with weekly rents averaging $545 and a gross rental yield of 7%, making it attractive for investors. Properties in Ellenbrook sell quickly, averaging just 11 days on the market, which speaks to the high demand in the area.
Source: realestate.com.au
Gailes, Queensland
Median house price: $549,500
Average annual growth: 12.5%
Current yield: 7%
Description: Gailes, located in Brisbane’s southwestern corridor, is a suburb known for its affordability and convenient access to major transport routes, including the Ipswich Motorway. This makes it an appealing option for commuters and families alike. Gailes is a quiet and practical community with nearby parks and essential amenities such as schools and local shopping options.
The property market in Gailes offers steady growth potential. The median house price is $549,500, reflecting an 18.05% increase over the past year and a notable 122% rise over five years. Rental properties are also in demand, with a median weekly rent of $450, resulting in a gross rental yield of 4%. Properties typically spend an average of 27 days on the market, demonstrating a consistent level of interest. With its strong growth trajectory and strategic location, Gailes is a suburb worth considering for both homebuyers and investors seeking long-term opportunities.
Source: realestate.com.au
Gosnells, Western Australia
Median house price: $565,000
Average annual growth: 12.5%
Current yield: 7%
Description: Gosnells, located in Perth’s southeastern suburbs, is a well-established community that combines affordability with accessibility. The suburb is known for its green spaces, including the nearby Ellis Brook Valley Reserve, offering walking trails and scenic views, as well as family-friendly parks scattered throughout the area. Gosnells also benefits from good public transport links, including its train station, making it convenient for commuters traveling to Perth’s CBD.
In terms of property, Gosnells has experienced solid growth, particularly in the housing market. The median house price is $565,000, with a strong annual growth of 36% and a 105% increase over five years. Rental properties are in demand, with median weekly rents at $580, providing a gross rental yield of 5%. Properties in Gosnells also move quickly, with an average time on the market of just 19 days.
Source: realestate.com.au
Hackham, South Australia
Median house price: $581,000
Average annual growth: 8.6%
Current yield: 4%
Description: Hackham, a suburb in Adelaide's southern region, combines suburban living with steady growth potential. Known for its affordability and proximity to both urban amenities and coastal attractions, Hackham appeals to families, professionals, and retirees. The area is well-serviced with local schools, parks, and shopping facilities, creating a balanced lifestyle for residents.
In the property market, Hackham has demonstrated consistent growth. The median house price is $581,000, reflecting a 18% increase over the past year and a notable 102% rise over five years. Rental properties in Hackham also show steady demand, with a median weekly rent of $500 and a gross rental yield of 4%. Properties in the area spend an average of 29 days on the market, indicating solid buyer interest.
Source: realestate.com.au
Hillcrest, Queensland
Median unit price: $455,000
Average annual growth: 8.6%
Current yield: 4%
Description: Hillcrest, a suburb located in Brisbane's southern region, offers a quiet residential setting with easy access to essential services and transport. The area is known for its family-friendly vibe, with local parks and nearby shopping facilities providing convenience for residents. Hillcrest also enjoys good connectivity to Brisbane's CBD, making it a practical choice for commuters.
The property market in Hillcrest shows promising growth, particularly in the unit sector. The median unit price is $455,000, with an impressive annual growth rate of 31% and 82% growth over three years. The rental market is equally strong, with weekly rents averaging $465, resulting in a gross rental yield of 5%. Properties in the area sell quickly, averaging just 16 days on the market. With its mix of suburban charm, strong growth figures, and proximity to urban centres, Hillcrest continues to attract both families and investors looking for long-term potential.
Source: realestate.com.au
Jolimont, Western Australia
Median unit price: $553,500
Average annual growth: 5.6%
Current yield: 5%
Description: Jolimont, located just 5 kilometers west of Perth’s CBD, is a small, well-connected suburb that combines urban convenience with a tranquil, residential atmosphere. Known for its leafy streets and close-knit community, Jolimont offers access to nearby parks, recreational facilities, and local schools, making it a popular choice for professionals and families alike.
The property market in Jolimont has seen steady activity, particularly in the unit sector. The median unit price is $553,500, with a modest 10% growth over the past year. Weekly rents average $575, translating to a gross rental yield of 5%, making it appealing for investors. Properties in Jolimont spend an average of 25 days on the market, indicating a balanced level of demand.
Source: realestate.com.au
Kippa-Ring, Queensland
Median unit price: $450,000
Average annual growth: 5.7%
Current yield: 5%
Description: Kippa-Ring, located on Brisbane's northern outskirts within the Moreton Bay region, is a thriving suburb that balances suburban convenience with proximity to coastal attractions. The suburb is a key hub on the Redcliffe Peninsula, offering access to local amenities such as the Peninsula Fair Shopping Centre and quality schools. Its connectivity is enhanced by the Kippa-Ring train station, making it an accessible option for commuters heading into Brisbane.
In the property market, Kippa-Ring has shown consistent growth, particularly in the unit sector. The median unit price stands at $450,000, with an annual growth rate of 20% and a 67% increase over the past five years. The rental market is steady, with weekly rents averaging $450, resulting in a gross rental yield of 5%. Properties in Kippa-Ring are in demand, spending an average of just 16 days on the market.
Source: realestate.com.au
Loganlea, Queensland
Median unit price: $464,000
Average annual growth: 8.0%
Current yield: 5%
Description: Loganlea, located in Brisbane's southern region, is a growing suburb known for its accessibility and range of amenities. Its location near key transport routes, including the Logan Motorway and the Loganlea Train Station, makes it a practical choice for commuters. The area also features local shopping centres, schools, and healthcare facilities, making it attractive to families and professionals alike.
The property market in Loganlea has shown steady growth, particularly in the unit sector. The median unit price is $464,000, with an annual growth rate of 22.11% and a substantial 95% increase over five years. Rental demand is strong, with weekly rents averaging $450, resulting in a gross rental yield of 5%. Properties in Loganlea are in demand, with an average time on the market of just 17 days.
Source: realestate.com.au
Mango Hill, Queensland
Median unit price: $550,000
Average annual growth: 5.1%
Current yield: 5%
Description: Mango Hill, situated in Brisbane’s northern suburbs, is a thriving community that offers a balance of modern amenities and suburban charm. The suburb is well-connected, with Mango Hill and Mango Hill East train stations providing easy access to Brisbane’s CBD. Residents enjoy a range of conveniences, including local shopping at Mango Hill Marketplace, schools, and recreational parks, making it an appealing area for families and professionals.
The property market in Mango Hill shows steady growth, particularly in the unit sector. The median unit price is $550,000, with an annual growth rate of 18% and a notable 42% increase over five years. The rental market remains strong, with weekly rents averaging $550, resulting in a gross rental yield of 5%.
Source: realestate.com.au
Mawson Lakes, South Australia
Median unit price: $471,000
Average annual growth: 5.5%
Current yield: 6%
Description: Mawson Lakes, a modern, master-planned suburb located approximately 12 kilometers north of Adelaide's city centre, is known for its picturesque lakes, contemporary architecture, and community-oriented design. The area offers a range of amenities, including local shops, cafes, schools, and the University of South Australia’s Mawson Lakes campus, which adds a vibrant academic vibe. With extensive walking trails and open green spaces, Mawson Lakes provides a balanced urban and suburban lifestyle.
The property market in Mawson Lakes has shown strong performance, particularly in the unit sector. The median unit price is $471,000, with a growth rate of 24% over the past year and 50% over five years. Properties typically spend 31 days on the market, reflecting steady demand.
Source: realestate.com.au
Nerang, Queensland
Median unit price: $585,075
Average annual growth: 7.9%
Current yield: 5%
Description: Nerang, located in the heart of Queensland’s Gold Coast, offers a balanced lifestyle with its proximity to vibrant city life and serene natural surroundings. Known for its leafy streets and community feel, Nerang is well-served by local amenities, including shopping centres, schools, and parks. The suburb’s connectivity is enhanced by the Nerang Train Station, providing easy access to both Brisbane and Gold Coast hotspots.
The property market in Nerang, particularly for units, has shown consistent growth. The median unit price is $585,075, reflecting an 18% growth over the past year and a substantial 89% increase over five years. Properties in Nerang are in demand, with an average time on the market of just 15 days.
Source: realestate.com.au
Orelia, Western Australia
Median house price: $536,000
Average annual growth: 6.3%
Current yield: 5%
Description: Orelia, located in Perth’s southern suburbs, is an affordable, family-friendly area with great public transport and essential amenities. Kwinana Train Station offers direct access to Perth’s CBD, while local buses keep the suburb well-connected. Residents have access to schools like Orelia Primary and nearby TAFE campuses, plus plenty of green spaces like Orelia Park. Shopping is convenient with Kwinana Marketplace just minutes away, offering supermarkets, cafes, and essential services.
For property investors, Orelia ticks plenty of boxes. The median house price is $536,000 making it one of the more affordable areas near Perth. With annual price growth exceeding 40% for houses, Orelia is clearly on the rise, making it a solid option for both first-time buyers and seasoned investors.
Source: realestate.com.au
Rochedale South, Queensland
Median unit price: $546,840
Average annual growth: 7.8%
Current yield: 5%
Description: Rochedale South, in Brisbane’s south, is a family-friendly suburb with great transport links and plenty of local amenities. The Pacific Motorway and regular bus routes make commuting to Brisbane’s CBD quick and easy. Schools like Rochedale South State School and nearby private colleges cater well to families, while shopping is sorted with Rochedale Shopping Village and major centres like Garden City just a short drive away.
For property investors, Rochedale South is worth a look. The median unit price is $546,840, with rental yields around 5%. The suburb has seen strong growth, with prices jumping 40% in the past year alone. Its great location, solid infrastructure, and ongoing demand make Rochedale South a promising option for buyers and investors alike.
Source: realestate.com.au
Salisbury, South Australia
Median unit price: $352,500
Average annual growth: 7.2%
Current yield: 6%
Description: Salisbury, in Adelaide’s northern suburbs, is a well-connected area with plenty of schools, shops, and public transport options. The Salisbury Train Station makes getting to Adelaide’s CBD easy, and local bus routes cover the rest. Schools like Salisbury High and nearby colleges make it family-friendly, while Parabanks Shopping Centre and local stores take care of shopping and everyday needs.
From an investment perspective, Salisbury looks pretty appealing. The median unit price is $352,500, with a rental yield of 6%—not bad for an affordable suburb. Prices have climbed over 10% in the past year, showing solid growth potential. With its mix of convenience, amenities, and decent returns, Salisbury is definitely worth considering for both homebuyers and investors.
Source: realestate.com.au
Springwood, Queensland
Median unit price: $494,250
Average annual growth: 7.2%
Current yield: 5%
Description: Springwood, located in Brisbane’s south, is a popular suburb known for its great location and convenient lifestyle. It’s well-connected by major roads like the Pacific Motorway, making trips to Brisbane’s CBD or the Gold Coast a breeze. Local schools, including Springwood State High and John Paul College, are highly regarded, while shopping is covered with Springwood Mall and nearby Logan Hyperdome offering plenty of retail and dining options.
For investors, Springwood has plenty going for it. With a median unit price of $494,250 and a rental yield of 5%, it offers a solid balance of affordability and return on investment. Property values have risen by 26.7% over the past year, signaling strong market demand. Its prime location, established infrastructure, and growing popularity make Springwood a suburb worth keeping on your radar.
Source: realestate.com.au
Warnbro, Western Australia
Median house price: $600,000
Average annual growth: 5.3%
Current yield: 5%
Description: Warnbro, located in Perth’s southern coastal region, is a laid-back suburb known for its beautiful beaches and family-friendly vibe. With easy access to public transport, including the Warnbro Train Station connecting to Perth’s CBD, commuting is straightforward. Local schools such as Warnbro Community High and a range of primary schools make it popular with families. For shopping and dining, residents have Warnbro Centre and nearby Rockingham Shopping Centre just a short drive away.
From an investment point of view, Warnbro offers a strong mix of value and potential. The median house price sits at $600,000, with a gross rental yield of 5%. House prices have jumped nearly 30% over the past year, showing strong growth momentum. With its beachside location, established infrastructure, and growing demand, Warnbro is well-positioned for continued investment appeal.
Source: realestate.com.au
Willaston, South Australia
Median house price: $563,000
Average annual growth: 7.1%
Current yield: 4%
Description: Willaston, just outside Adelaide, offers the perfect mix of country charm and modern convenience. With easy access to Gawler’s shops, schools, and the Gawler Train Line into the city, it’s well-connected without losing its relaxed vibe. Locals love its open green spaces, walking trails, and strong community feel, making it ideal for families and anyone craving a quieter lifestyle with city access.
From an investment perspective, Willaston shows promising potential. The median house price is $563,000, and property values have climbed by 22.4% in the past year. While rental yields sit at 4%, the suburb’s steady capital growth and affordable entry point make it a smart choice for long-term investors looking for both stability and future upside.
Source: realestate.com.au
