Nicole Pederson-McKinnon from Smart Investor has crunched the numbers to find the sleeper suburbs set to boom.

"Contrary to what we are hearing about the US and United Kingdom, Australian property prices are holding up really well," she said.

"We've just hit our record highs again, shaking off all the gloom of the last year and a half."

• Home bargains
• Cut-price real estate warning

The property market has recovered from its recession hiccups and is on the march again.

"We've got record low interest rates and the RBA was very quick to cut those," she said.

"Then we've got the first home buyers stimulus packages that the government rolled out."

Smart Investor has looked at the capital cities, identifying those closest to the CBD where demand is high.

Sydney's bolter suburbs are a bit of a shock. At Granville in the west, houses are selling for a bit less than $346,000 but growing at almost 3.25 per cent a year.

The working class suburb is seeing houses sit on the market for less than two months. The direct rail to the city is also a good point.

The other suburb is Lidcombe where the average price is $470,000 but it has dropped to become affordable.

"The x-factor at Lidcombe is the new development of retail shops that is likely to come online in the next few years and that's going to give that area a great boost," Nicole said.

Victoria's bolters are Preston with houses about $465,000 but expected to grow by more than 1 per cent. The suburb is within 10km of the city centre and demand far outweighs the supply.

The other is Werribee where houses average $235,000 but are expected to grow by more than 5 per cent.

Keperra is Brisbane's hot suburb with the median price under $400,000 and rising more than 2 per cent.

Salisbury, the same distance from the city, is also tipped to rise with prices around $410,000, growing at more than 5 per cent.

In the golden west, Bessendean can fetch millions or down to a median price of $450,000. It has dropped more than 8 per cent.

Cannington has prices around $400,000 and has fallen 9 per cent.

These are the hot suburbs to buy in.

Barton in South Australia is a walk to the city and slowly beginning to rise with houses sitting around $385,000.