Fastest-selling housing markets revealed
Houses are getting snapped up within three weeks in some parts of Australia, while days on market is at worrying levels in other cities.
Sydney has the most hyperactive local market in the country, according to CoreLogic RP Data statistics for suburbs that had at least 30 house sales in the year to July.
Houses in Sadleir spend an average of 15 days on market, houses in Acacia Gardens spend 16 days on market, houses in Holsworthy spend 18 days on market, while houses in Currans Hill and Kareela spend 19 days on market.
Melbourne’s hottest suburbs are Croydon South with 19 days, Scoresby with 21 days, Chelsea Heights with 22 days, and Croydon Hills and Viewbank with 24 days.
Although Perth is Australia's worst-performing capital city for days on market, it has five stand-out suburbs that buck the trend.
Houses sell in an average of 30 days in Lockridge, 31 days in Shenton Park, and 33 days in Coolbellup, Brentwood and Parkwood.
In Brisbane, houses take 32 days to sell in Wilston, 33 days in Salisbury and Mansfield, 34 days in Everton Park and 36 days in Belmont.
Adelaide’s top five suburbs are Glynde with 32 days, Marden with 34 days, Mile End with 36 days, and Ridleyton and Linden Park with 37 days.
Canberra’s fastest suburbs for house sales are Palmerston with 40 days, Scullin with 43 days, Gungahlin with 46 days, and Rivett and Fisher with 47 days.
In Hobart, houses take an average of 50 days to sell in Moonah, 53 days in West Hobart, 54 days in South Hobart, 55 days in Montrose and 56 days in Bellerive.
Darwin’s top five suburbs are Bakewell with 58 days, Farrar with 66 days, Nakara with 67 days, Malak with 76 days and Wulagi with 77 days.
Read more:
Are the banks taking advantage of investors?
Global conditions set to drive domestic market