Best growth suburbs under $550,000 – National top 10 growth suburbs under $550,000

By Andrew Bellino
In Craigieburn, which came in third place with annual growth of 12% for two-bedroom houses, Ray White Craigieburn Director Andrew Bellino says affordability and infrastructure are key to the suburb’s popularity.

“It’s only about 30km from the CBD, so it’s not a big distance to travel.”

He says a number of investors – particularly those from Sydney – are now looking to buy in Craigieburn – where he says the price is about half of what you would likely pay for a home a similar distance from the CBD in Sydney.

“There’s no sign of (the market) slowing down in the near future,” Bellino says.

“If you’re looking at buying put your best foot forward, put in a good offer rather than beating around the bush.

“We’re seeing three to five bidders at every auction. Buyers sitting back and waiting for the market to slow might be waiting a long time.”

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