From Hawthorn to Hawthorne, Armadale to Armidale, it appears creativity fell by the wayside when naming a few of Australia’s suburbs and cities.
The Shire suburb of Como in Sydney shares its name not solely with the famed metropolis in northern Italy, however with a pocket in Perth and one other on the Sunshine Coast.
Manly and Coogee, two of Sydney’s best-known beachside enclaves, each have counterparts elsewhere – in Brisbane and Perth, respectively.
But on the subject of evaluating the property market and day by day life in neighbourhoods comparable to these, the similarities typically finish quick.
Avalon Beach NSW and Avalon VIC
Known by locals as Avalon, this prosperous suburb is likely one of the shining jewels on Sydney’s northern seashores.
With streets dotted by grand Hamptons-style houses, consumers have their decide of cafes, eating places and properties with coastal views or Pittwater panoramas, if they’ve deep sufficient pockets.
Avalon Beach’s median house worth is $1.765 million in accordance with Domain knowledge for the June 2019 quarter. Its highest recognized sale up to now this yr was a five-bedder that exchanged in February for $5.1 million.
By distinction, Geelong’s Avalon is dominated by properties on rural acreages. With a lot of the suburb taken up by a world airport, little room is left for residential inventory, with extra listings and a choice of outlets in neighbouring Lara.
The airport, which has provided Jetstar flights since 2004, has an growing influence on costs in the world, in accordance with Owen Sharkey from First National Golden Plains.
“There is a huge amount of investment in the land around there,” Mr Sharkey stated. “A number of the land bought … has been on 20 to 50 acres [eight to 20 hectares], [with investors] figuring out that the panorama goes to vary.
“If you do attract any family-type buyers, they are paying an absolute premium,” he added. “It would be a family that sees the purchase for a long-term, strategic purpose.”
There have been no gross sales in Avalon to date in 2019, with solely seven properties altering palms final yr, in response to PriceFinder figures.
Mr Sharkey stated consumers would doubtless pay at the very least $700,000 to $800,000 for land on two to 4 hectares.
Brighton VIC and Brighton SA
As far as Melbourne’s waterfront goes, it doesn’t get extra iconic than Brighton, which lures consumers with vibrant bathing packing containers and grand residences in interval and modern types.
With a median house worth of $2,167,500 and a median house worth of $937,500, the suburb is amongst a cluster of blue-chip suburbs in Melbourne’s high-end market.
Cinemas, galleries and stylish cafes maintain locals entertained on non-beach days. A visit to the CBD takes about half an hour by automotive.
Though it isn’t as extensively recognized, Adelaide’s Brighton can also be a coastal pocket with a bustling buying strip. The suburb, which has a strolling monitor alongside the shoreline, additionally shares a function in widespread with Brighton in the UK.
“The good thing about our Brighton is that we have a pier as well, which is a really popular spot for fireworks,” stated Andrew Boswell from Magain Real Estate Adelaide.
About 15 kilometres south-west of the CBD, Brighton has a median house worth of $730,000, virtually $200,000 above the median for Greater Adelaide.
Mr Boswell stated homes to the west of Brighton Road had a component of status, however that the suburb was extra reasonably priced and fewer busy than nearby Glenelg.
He described the world as notably in style with empty-nesters with 5 to 10 years left earlier than retirement.
Stock consists of bungalows on giant blocks and new developments that cater to the downsizer crowd.
“If you open the Saturday paper, a lot of properties will be priced between $600,000 and $800,000, but then again you’ll also see properties at $1.1 million,” Mr Boswell stated.
Newtown NSW and Newtown QLD
Arguably the hipster coronary heart of Sydney, Newtown will not be as grungy because it as soon as was however the suburb continues to be a go-to for cafes and bars, quirky second-hand shops, vegan pizzerias and every part in between.
With a median house worth of $1.28 million, up 32.6 per cent over the 5 years to June 2019, Newtown is welcoming extra households and younger professionals into the fold.
Central Station is lower than 10 minutes away by practice – a comfort typically mirrored in property costs. Newtown’s highest sale to date this yr was $three.15 million for a terrace on Georgina Street with six bedrooms.
Newtown’s aesthetic could also be distinctive, however there’s one facet that isn’t — suburbs with the identical name may be discovered in Brisbane, Geelong and Toowoomba.
In Toowoomba’s Newtown, buyers and households are eyeing Queenslanders and cottages as an alternative of terraces, lots of which fall in an reasonably priced vary. Here, the median house worth sits at $310,000.
Lachlan Brealey of LJ Hooker Toowoomba stated loads of consumers have been taking note of these costs.
“’It’s the most traded in and the largest [suburb] in Toowoomba where you get everything from older brick homes to character properties … closer to the CBD,” he stated.
Mr Brealey stated the world was well-liked with consumers priced out of japanese elements of the town. “It’s more approachable, it’s more affordable, and it’s cute too.”
While Sydney’s Newtown nonetheless wears the hipster crown, Toowoomba’s Newtown could also be following in its footsteps.
“It’s going by means of a actual part of gentrification in the mean time,” Mr Brealy stated, which he described as a part of a broad development throughout the town.