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NSW’s top 10 boom suburbs for 2022

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Data released by revealed the areas in NSW that experienced both high demand from buyers and price growth in recent months, suggesting opportunities for investors and owner occupiers to purchase in rising markets. MORE: Is this the end of the Sydney housing boom?Filthy hoarder homes sell for up to $3m during CovidA diverse range of Sydney regions were featured on the list, including several quiet spots in the Sutherland Shire and a glamorous locale in Sydney’s eastern suburbs. Four of the suburbs to keep an eye on were in Wollongong, while the Central Coast claimed one standout spot in the top 10. director of economic research Cameron Kusher said the research considered the number of “highly engaged people per listing” and looked at the behaviours undertaken by people searching online for homes.“The highly engaged cohort are people showing behaviours which suggest they have a high level of interest and are in a position to purchase a property. The correlation with price growth is still being assessed, however, we know that it has been predictive of increases in demand and price in the past,” Mr Kusher said.The bayside suburb of Burraneer in the Sutherland Shire claimed the number one position on the list. Laura McKay, from Highland Property, who lives in the suburb, was not surprised. “Burraneer is a tightly held market, it’s a peninsula with one road in and out where no two homes are the same,” Ms McKay said.“Last year we saw more out-of-area buyer inquiries than in previous years. Many people are wanting to upgrade and upsize to the area from the surrounding Shire suburbs.“Since Burraneer offers predominantly family-friendly waterfront properties, it’s easy to see how buying a property there in 2022 would add value.”Burraneer took the top spot in NSW thanks to its strong median price growth of 9 per cent over the 12 months to December. The average property listing in the area attracted 175 highly engaged people on Burraneer is located close to Cronulla Beach and sits on a peninsula jutting out into Port Hacking. Since 2020, median property prices in Burraneer have risen from $2.2 million to $3.15 million.The suburb was home to NSW’s most viewed property online of 2021, Nautilus at No. 325 Woolooware Rd.Purchasing their property at No. 23 Bell Place in 2017, investment banker Dean Honan and his wife Katie Honan were looking for their own little slice of Burraneer where they could raise their four children. “Neighbours drop in dinners, we all enjoyed a street Christmas party … I really appreciate the relaxed community atmosphere that Burraneer has,” Mr Honan said.“It’s been perfect for our family. I don’t want to leave the place for the next 20 years.”Southwest Sydney suburb Abbotsbury took second place. It recorded 173 people per listing and experienced 13 per cent median price growth over the past 12 months.Director of Blaze Real Estate Blaz Dejanovic said the suburb has a lot of potential with the “bushlands right behind you” and “the bigger the block, the better”.Median property prices in Abbotsbury have grown moderately over the last year, from about $1.01 million in December 2020 to $1.24 million in November 2021.Bronte in the eastern suburbs experienced 45 per cent median price growth, the highest in NSW. “The list is quite mixed. Many of the suburbs are to the south of Sydney, with Sutherland and Illawarra prevalent pointing to the fact that people are more comfortable with being further away from the city centre. “Many of these suburbs are still expensive but they have become more attractive due to people not needing to be in the office as often as they have in the past,” Mr Kusher said.The report included suburbs that have seen high demand over the past three months combined with a minimum of five per cent median house price growth.The suburbs also needed to have a minimum of 30 houses listed for sale to be included. TOP 10 NSW SUBURBS TO WATCH IN 2022#1: Burraneer, Sutherland Shire#2: Abbotsbury, Southwest Sydney#3: Farmborough Heights, Wollongong#4: North Avoca, Central Coast#5: Kanahooka, Wollongong#6: Bronte, Eastern Suburbs#7: Sylvania Waters, Sutherland Shire#8: Bulli, Wollongong#9: Kareela, Sutherland Shire#10: Lake Heights, Wollongong

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