The Aussie suburbs where property is selling the fastest


Properties in some Aussie suburbs are being snapped up at record rates as issues of scarce supply and high demand continue to strain the market.

Recent Ray White data reveals that time on the market (how long it takes to sell a property) is still significantly higher in most cities across the country compared to two years ago when the market hit its last peak in pricing following the end of the pandemic.

Nationwide, properties are on the market for sale for an average of 30 days, which is far higher than the 22 days recorded in the previous market peak in January 2022.

The data shows that Perth holds the record as the state where properties sell the quickest – at just 11 days.

Brisbane, Sydney and Melbourne follow next, with 22 days, 29 days and 29 days, respectively.

Time On Market

Meanwhile, Hobart has gone from the quickest selling state during the previous market peak to now being one of the slowest selling markets – at 36 days.

The key trend however is affordability, Ray White’s data reveals.

The suburbs where property is selling the quickest

Both Perth and Adelaide have the lowest capital city medians and at a suburb level, low-cost housing is generally selling the quickest.

In fact, of the top 100 quickest-selling suburbs in Australia, 84 are located in Perth, the data reveals.

Properties in Seville Grove, in the city’s southeast, and the outer southern suburb of Cooloongup are among the fastest-selling, with the average time on the market standing at just five days.

Both suburbs have medians under $500,000.

Almost all of the quickest selling suburbs had a median under $750,000 (86 of the 100).

The most expensive of the top 100 quickest selling was the Perth suburb of Mount Claremont which has a median price of $1.78 million.

At a capital city level, it is also apparent that anything that is below the city median is selling a lot quicker.


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