Australia's Fastest Growing Areas

05 December 16

The number of people living on Melbourne and Sydney?s fringes is continuing to explode at a rapid rate, with new data showing outer suburbs in the two cities are growing larger and faster than the rest of the country.

Cranbourne East in Melbourne’s southern growth corridor was the country’s largest growing and second-fastest expanding suburb, ballooning by 88 people per week last financial year, Australian Bureau of Statistics figures released recently.

Sydney’s high-rise hot spot Waterloo was the fifth largest growing suburb, with the number of residents in the high density area increasing by about 60 people a week between June 2014 and June 2015.

Perth suburbs Baldivis and Forrestdale were also among the top Australian suburbs attracting the most people.

Melbourne is officially the fastest growing capital city in Australia, with about 1760 people moving to the Victorian capital each week. The city added 830,000 residents over the past ten years, according to SGS Economics and Planning.

Here’s a list of Sydney’s fringe suburbs where property valuers see greater value for money in regards to capital growth:

For full stroy, click here.

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