Unveiling Australia’s most sought-after suburb and what makes it so desirable

If you’re wondering which Australian suburb is the most coveted by prospective buyers, look no further than Mosman in New South Wales. According to property expert InfoTrack, Mosman has been the most searched-for suburb on their InfoTrackGO site between January and July this year. The suburb’s appeal is multifaceted, ranging from its proximity to North Sydney and the central business district to its stunning harbour views and pristine beaches like Balmoral Beach.

Mosman’s reputation as a highly desirable location is not new. Earlier this year, data from PropTrack revealed that the suburb had the highest total sales value of any Australian metropolitan area in 2022, with a staggering $1.65 billion worth of property changing hands. Despite a 1.9% decrease in the last 12 months, the median home value in Mosman currently sits at around $5.1 million.

The suburb’s allure is so strong that it beat several other popular NSW regions, including Surry Hills and Paddington, to secure its top spot. InfoTrack’s list of the ten most searched-for suburbs between January and July this year is dominated by NSW locations:

Mosman, NSW
Castle Hill, NSW
Baulkham Hills, NSW
Surry Hills, NSW
Austral, NSW
Eastwood, NSW
Ryde, NSW
Parramatta, NSW
Paddington, NSW
Bulimba, QLD

Sandra Falzon, a spokesperson for InfoTrackGO, pointed out that New South Wales continues to be a hot property market, with Sydney suburbs occupying the top nine spots on their list of over 60 regularly searched suburbs this year. Interestingly, the only suburb outside of NSW to make it to the list is Bulimba, a riverside suburb in Brisbane. Unlike premium markets in Australia’s second-largest city, Melbourne, such as Brighton, Bulimba has managed to capture the attention of property seekers.

Bulimba broke the $2 million bracket in August last year but has since seen a dip, with the median house price now standing at $1.9 million, according to recent data from PropTrack. This indicates that while NSW suburbs, particularly Mosman, dominate the list of most desirable locations, there’s a growing interest in other states as well.

So what makes Mosman so irresistible to prospective buyers? One of the key factors is its strategic location. The suburb extends from the Spit Bridge in the north to Taronga Zoo in the south, offering almost unrivalled harbour views. Its proximity to bustling North Sydney and the central business district makes it a convenient choice for professionals. Additionally, Mosman is home to some of Sydney’s most beautiful beaches, including Balmoral Beach, adding a leisurely aspect to its high-profile status.

While the high median home value of $5.1 million may be a barrier for many, those who can afford it find Mosman to be a worthwhile investment. The suburb offers a blend of natural beauty, convenience, and luxury, making it a magnet for those looking to settle in one of Australia’s most prestigious locations.

As the property market continues to evolve, it will be interesting to see if Mosman retains its top spot or if other suburbs begin to rise in popularity. For now, Mosman reigns supreme, setting a high standard for what a desirable Australian suburb can offer.