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Posted: 2015-07-24 14:00:00
Queens Riverside is in East Perth which was the most popular suburb for apartment hunters

Queens Riverside is in East Perth which was the most popular suburb for apartment hunters in Western Australia. Picture: realestate.com.au Source: Supplied

HOUSING affordability issues mean more buyers are turning to the unit market instead of houses.

With plenty of new unit projects on offer around Australia, realestate.com.au has crunched the data and revealed the suburbs searched the most by unit buyers.

In New South Wales, Castle Hill has emerged as the number one suburb for buyers looking for new apartments in the March to May quarter.

The suburb, about 30km north west of the CBD, did not make it onto the list in the previous quarter. Other top searched suburbs included Parramatta and Meadowbank.

New projects in Castle Hill include Green Views an over 55s apartment development alongside a golf course.

Another project is Oakmont by Arden Property Group, which will have a selection of one, two and three bedroom apartments.

An artist’s impression of Green View which is within one of New South Wales’ most popular

An artist’s impression of Green View which is within one of New South Wales’ most popular suburbs for apartment buyers. Picture: realestate.com.au Source: Supplied

WHERE UNIT BUYERS SEARCH IN NEW SOUTH WALES

1. Castle Hill

2. Parramatta

3. Meadowbank

4. Mosman

5. Wolli Creek

In Victoria, Melbourne once again emerged as the suburb which attracted the most searches for new apartments, followed by Southbank and a new addition to the list this quarter, Collingwood.

New projects currently taking registrations of interest include Queens Domain at 13 Queens Rd, Melbourne which will have one and two bedroom apartments and Opera at 450 St Kilda Rd, Melbourne.

WHERE UNIT BUYERS SEARCH IN VICTORIA

1. Melbourne

2. Southbank

3. Collingwood

4. Fitzroy

5. Carlton

In Queensland it was Brisbane city were buyers were most keen to find an off-the-plan apartment, knocking off coastal hotspot Broadbeach from the top spot.

In the previous quarter four Gold Coast suburbs featured in the top ten, but Broadbeach and Robina, were the only entries this quarter and both were further down the list.

West End, and South Brisbane also ranked highly with those looking to buy new apartments.

An artist’s impression of Shadow Play which will be built at Southbank, a popular suburb

An artist’s impression of Shadow Play which will be built at Southbank, a popular suburb for unit buyers in Victoria. Source: Supplied

WHERE UNIT BUYERS SEARCH IN QUEENSLAND

1. Brisbane

2. West End

3. South Brisbane

4. Milton

5. Albion

West End was the second most searched suburb by unit buyers in Brisbane according to REA.

West End was the second most searched suburb by unit buyers in Brisbane according to REA. Turrisi Properties is development the Ink residential apartment building at Montague Rd, West End. Source: Supplied

In Western Australia, East Perth pushed itself to the number one suburb for those on the hunt for a new apartment.

The suburb jumped from seventh position in the previous quarter helped in part by two prominent projects attracting buyers across the state.

Perth and Subiaco were the second and third most popular areas, with Fremantle and Carine dropping out of the top ten this quarter.

New projects in East Perth include Queens Riverside, at 2 Moreau Parade, East Perth where apartments are priced from $695,000.

WHERE UNITS BUYERS SEARCH IN WEST AUSTRALIA

1. East Perth

2. Perth

3. Subiaco

4. South Perth

5. Maylands

Source: realestate.com.au

Only suburbs with at least two developments were included in the data.

South Australia did not have enough new apartment developments for figures to be statistically reliable.

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