FAST 50’s most prestigious suburbs

So far, we’ve covered the report’s most affordable regions, its highest yielding areas, the suburbs with the strongest price growth over the first quarter of 2023, which regions have experienced consistent growth, where the greatest resistance to last year’s downturn was, where landlords charge the highest rents, and the suburbs where more homes were sold than any other.

Today, we cast our gaze at the opposite end of the price spectrum and explore the report’s most prestigious suburbs.

Clayfield (QLD) $1.8 million:

Leading the charge when its comes to the FAST 50’s most expensive regions is Brisbane’s Clayfield. Within 10 kilometres of the city’s central business district, Clayfield has often been celebrated as one brimming with rich history, strong character and over 50 heritage-listed buildings within its borders.

The region is primed to capitalise on the Brisbane Olympics over the coming years.

Leppington (NSW) $1.167 million:

One of the nation’s fastest growing suburbs, in its past life Leppington was predominately farmland. And while small agricultural pockets remain, the region’s most popular produce its in plethora of million-dollar homes. A distinct family-friendly vibe, the region sits right on the doorstep of Sydney’s new airport and is within walking distance of prominent employment nodes and transport links.

Hamilton (NSW) $1.1 million:

They breed them tough in Newcastle, and the property market in this suburb right in the town’s heart is no different. Despite a huge market downswing sweeping through the Australian property market, Hamilton managed to maintain its $1 million status and earn itself a place on this list as the third most prestigious market on SPI’s FAST 50 report. Some doing.

Oran Park (NSW) $1.081 million:

Back when Oran Park was a speedway, many would’ve rightfully thought the V8 Supercars would’ve been the only million-dollar asset rolling through this south-west Sydney suburb. Over a decade on from the track’s final race and just about every abode within its border has shattered those expectations as the region stamped itself as one of Sydney’s fastest growing and most expensive suburbia markets.

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