Invest
HomeBuilder prediction: 8 suburbs set to boom
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a property professional.
HomeBuilder prediction: 8 suburbs set to boom
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a property professional.
The co-founder of Wealthi, Domenic Nesci, has noted that hopeful investors and savvy first home buyers are racing to get their feet in the door to take advantage of the scheme, despite the tight deadline.
He flagged two areas in particular as well placed to take advantage of the scheme: Western Sydney and Melbourne’s “inner doughnut”.
According to Mr Nesci, “Western Sydney is perfectly placed to benefit from the incentives, new investments in infrastructure and natural population growth.”
This will be especially so across Cobbitty, Leppington, Penrith, St Marys and Westmead.
CoreLogic data has revealed that Cobbitty has seen a 95.3 per cent growth in population, while the median house price is just $725,000.
And with more than 80 per cent of homes in the suburb owner-occupied, there’s plenty of scope for scheme applicants.
Mr Nesci is also expectant of a boom in a number of Melbourne suburbs.
In the Victorian capital, Mr Nesci said, “We like the inner doughnut, areas within five to 10 kilometres of the CBD that are less dense but will benefit from the same population growth metrics.”
He’s predicting suburbs such as Fitzroy North, Heidelberg and Essendon are positioned well to “blow up with the HomeBuilder grant”.
CoreLogic data shows Essendon’s median house price is $1.46 million – but this figure is more than twice the average price of an apartment in the same area.
It’s led Mr Nesci to forecast that more apartments will come onto the market under that $750,000 figure, which will fall under the HomeBuilder scheme threshold.
But with government incentives so heavily skewed towards brand new property, the co-founder has highlighted the importance of undertaking research before making any big decisions.
He’s advising anyone considering using the scheme to stick with trusted companies who have a proven track record in delivering large-scale projects.
RELATED ARTICLES
About the author
About the author
Property
New investment platform Arkus allows Australians to invest in property for just $1
In a groundbreaking move to democratise investment in property-backed mortgage funds, GPS Investment Fund Limited has launched Arkus™, a retail investment platform designed to make investing ...Read more
Property
Help to Buy goes live: What 40,000 new buyers mean for banks, builders and the bottom line
Australia’s Help to Buy has opened, lowering the deposit hurdle to 2 per cent and aiming to support up to 40,000 households over four years. That single policy lever will reverberate through mortgage ...Read more
Property
Australia’s mortgage knife‑fight: investors, first‑home buyers and the new rules of lender competition
The mortgage market is staying hot even as rate relief remains elusive, with investors and first‑home buyers chasing scarce stock and lenders fighting for share on price, speed and digital experienceRead more
Property
Breaking Australia’s three‑property ceiling: the finance‑first playbook for scalable portfolios
Most Australian investors don’t stall at three properties because they run out of ambition — they run out of borrowing capacity. The ceiling is a finance constraint disguised as an asset problem. The ...Read more
Property
Gen Z's secret weapon: Why their homebuying spree could flip Australia's housing market
A surprising share of younger Australians are preparing to buy despite affordability headwinds. One in three Gen Z Australians intend to purchase within a few years and 32 per cent say escaping rent ...Read more
Property
Tasmania’s pet-positive pivot: What landlords, BTR operators and insurers need to do now
Tasmania will soon require landlords to allow pets unless they can prove a valid reason to refuse. This is more than a tenancy tweak; it is a structural signal that the balance of power in rental ...Read more
Property
NSW underquoting crackdown: the compliance reset creating both cost and competitive edge
NSW is moving to sharply increase penalties for misleading price guides, including fines linked to agent commissions and maximum penalties up to $110,000. Behind the headlines sits a more ...Read more
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
Property
New investment platform Arkus allows Australians to invest in property for just $1
In a groundbreaking move to democratise investment in property-backed mortgage funds, GPS Investment Fund Limited has launched Arkus™, a retail investment platform designed to make investing ...Read more
Property
Help to Buy goes live: What 40,000 new buyers mean for banks, builders and the bottom line
Australia’s Help to Buy has opened, lowering the deposit hurdle to 2 per cent and aiming to support up to 40,000 households over four years. That single policy lever will reverberate through mortgage ...Read more
Property
Australia’s mortgage knife‑fight: investors, first‑home buyers and the new rules of lender competition
The mortgage market is staying hot even as rate relief remains elusive, with investors and first‑home buyers chasing scarce stock and lenders fighting for share on price, speed and digital experienceRead more
Property
Breaking Australia’s three‑property ceiling: the finance‑first playbook for scalable portfolios
Most Australian investors don’t stall at three properties because they run out of ambition — they run out of borrowing capacity. The ceiling is a finance constraint disguised as an asset problem. The ...Read more
Property
Gen Z's secret weapon: Why their homebuying spree could flip Australia's housing market
A surprising share of younger Australians are preparing to buy despite affordability headwinds. One in three Gen Z Australians intend to purchase within a few years and 32 per cent say escaping rent ...Read more
Property
Tasmania’s pet-positive pivot: What landlords, BTR operators and insurers need to do now
Tasmania will soon require landlords to allow pets unless they can prove a valid reason to refuse. This is more than a tenancy tweak; it is a structural signal that the balance of power in rental ...Read more
Property
NSW underquoting crackdown: the compliance reset creating both cost and competitive edge
NSW is moving to sharply increase penalties for misleading price guides, including fines linked to agent commissions and maximum penalties up to $110,000. Behind the headlines sits a more ...Read more
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
