Australia’s fastest growing housing markets have been revealed in the HIA’s 'Population & Residential Building Hotspots 2017' report.

The HIA identifies a 'Hotspot' as an area in which the population grew by more than the 1.4 per cent national average, and if at least $150 million worth of residential building was approved during the year.

Pimpama in Queensland, which is 30km north of the Gold Coast, was Australia’s top 'housing hotspot', in the 2015/16 year.

Cobbitty-Leppington in Sydney’s south west came second, with the NT's Palmerston-South in third place.

Source: HIA.

Shane Garrett, senior economist of the HIA, said the analysis shows that the construction sector has been supporting the Australian economy nation wide.

“With 2016 representing a record year for new home building activity across Australia, the housing industry has been supporting economic activity in localities up and down the country," he said. 

"The good news on housing is not confined to the major capital cities – today’s report shows that regional Australia is also peppered with housing hotspots,” he said.

Source: HIA.

"Residential building activity is acting as the engine of economic activity, employment and development. Small businesses are particular beneficiaries of housing activity,” said Garrett.

'Hotspots' were identified in every state:

• 9 of the Top 20 Hotspots are in New South Wales 
• 4 of the Top 20 Hotspots are in Victoria
• 3 of the Top 20 Hotspots are in Queensland
• Western Australia and the Northern Territory each contain two of the Top 20 Hotspots
• South Australia and Tasmania each contain five Hotspots
• And 9 Hotspots are located in the ACT

Read more from the HIA at https://hia.com.au/ and at:

Housing affordability improves, but the problem remains

New home sales make late 2016 charge

RBA uses strongest language yet to warn of housing 'risks'