What Aussies want in their dream homes has become as varied as anytime in recent memory as house hunters ratchet up their search in increasingly uncertain times.
According to a fascinating look into Australia’s most popular streets, today’s home buyers are searching for big blocks, bargains, luxury and sentimentality as the key drivers to discover the abode they desire.
Search data from the last three years provided by realestate.com.au has revealed Australia’s most wanted streets and a window into the mind of buyers.
In Sydney, the exclusive eastern suburbs have a lion’s share of the most popular streets, in Adelaide, the Adelaide Hills dominate, in Brisbane, the inner city suburbs bordered by the Brisbane River are highly sought-after and in Melbourne, many of the blue chips also areas dominate.
So what is motivating buyers in searching for their perfect street?
“There is a certain percentage of those searching, that are sticking beaking and want to check out certain homes and certain streets,” realestate.com.au chief economist Nerida Conisbee said.
“That is only one part of it though. Often those streets in those suburbs are particularly nice, even for those affluent areas. They might have a much better view, nicer houses or something else desirable that tends to lead to higher levels of interest.
“It might be close to the water, or be on a big block or have something unique about it.
“In some cases affordability is the key.”
There is also the aspiration lure of the big name streets that we come to know in the cities we live.
“If you have lived in these cities you get to know these streets,” Ms Conisbee said.
“They are aspirational. There are good schools close by and there is a lifestyle available there that people want.”
And if you want to buy in these streets, or you have a home to sell you can expect a premium price.
“You’re going to be up against more competition in these streets,” Ms Conisbee said.
“As a result of that you will likely pay a higher price than for houses in other less popular streets in the same suburb.”
AUSTRALIA’S MOST POPULAR STREETS
1. Tivoli Ave, Rose Bay
2. Jane Pl, Dural
3. Pacific St, Watsons Bay
4. Caloola Pl, Baulkham Hills
5. Carrara Rd, Vaucluse
6. Pioneer Pl, Castle Hill
7. Mitala St, Newport
8. Shellbank Pde, Cremorne
9. Martin Rd, Centennial Park
10. Carters Rd, Dural
1. Fairview Ave, Wheelers Hill
2. Regent St, Elsternwick
3. Barnard Rd, Toorak
4. Agnes Ave, Balwyn North
5. Jayson Ave, Eltham
6. Trindall Pl, Taylors Lakes
7. Belvedere, Kew
8. Bromham Pl, Richmond
9. Amberley Way, Lower Plenty
10. Kent Hughes Rd, Eltham
1. Ramsay Rd, Clear Mountain
2. Bridgeman Rd, Bridgeman Downs
3. West Mount Cotton Rd, Cornubia
4. Lisk St, Pullenvale
5. Becker Pl, Mount Ommaney
6. Banek Pl, Everton Park
7. Sutherland Ave, Ascot
8. Molonga Tce, Graceville
9. Jaora St, Graceville
10. Eatons Crossing Rd, Draper
1. Nation Ridge Rd, Aldgate
2. Carrick Hill Dr, Springfield
3. Sturt Valley Rd, Stirling
4. Laurel Rd, Stirling
5. Waverley Ridge Rd, Crafers West
6. Glades Lane, Aldgate
7. Howard Dr, Stirling
8. Prescott Tce, Rose Park
9. James Rd, Belair
10. Norton Summit Rd, Norton Summit