The suburbs selected represent the housing markets most in need of supply, with all 20 having inventory levels (the time it would take to sell a house) under one month. 

To be included, suburbs had to be within 100km of a capital city, and were excluded if more than 0.05% of their houses were currently listed for sale or had fewer than 1,500 total houses in the suburb. 

Top 20 undersupplied housing markets in Australia



Median price


North Sydney, NSW, 2060



Dapto, NSW, 2530



Belmont, Vic, 3216



Highton, Vic, 3216



Conder, ACT, 2906



Fairy Meadow, NSW, 2519



Menai, NSW, 2234



Evatt, ACT, 2617



Stanmore, NSW, 2048



Corrimal, NSW, 2518



Amaroo, ACT, 2914



Freshwater, NSW, 2096



Kambah, ACT, 2902



Collaroy, NSW, 2097



Croydon Hills, Vic, 3136



Cromer, NSW, 2099



Bangor, NSW, 2234



Largs Bay, SA, 5016



Salisbury Heights, SA, 5109



Flagstaff Hill, SA, 5159



The reason the report quotes an inventory level of “under one month”, rather than stating a specific number, is because when inventory levels are so low, the data can be very volatile and using a specific number could be misleading. founder and CEO Tommy Fraser said buyers who want to move to these 20 suburbs are struggling right now because owners aren’t selling.

"It would be great to return to a balanced market, where owners enjoy reasonable capital growth and buyers have a reasonable chance of finding a property in their chosen suburb. For that to happen, these 20 suburbs need to see a significant increase in new listings," Mr Fraser said.

"Part of the reason Australia has been experiencing a property boom is because stock levels have been low, which has forced buyers to compete harder and bid up prices.

"That story has really played out in these 20 suburbs, where inventory levels have been incredibly low over the past year.

"As a result, the median house price of most of these suburbs has experienced a double-digit percentage increase over the past year.

"Buyers desperately need new stock to come onto the market in all these suburbs, because, right now, they’re in a terrible bind.

"When a house comes onto the market, do they offer a fair price and risk missing out? Or do they do whatever it takes to win the property but overpay?"


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
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6.14% p.a.
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Principal & Interest
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Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Image by Wolfgang Hasselmann via Unsplash

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