7 Aussie suburbs dominating sales

“Sellers in these areas can confidently enter the market, knowing that conditions are in their favour,” said Property Credit CEO Giordano Stepancic.

The researchers looked for suburbs where listings were shrinking, inventory levels were low, selling times were short and asking prices were steadily rising – indicating low supply and high demand.

“Our report not only identifies the suburbs where sellers have the upper hand, but also provides actionable insights into the factors driving these trends,” said Stepancic.

Here are seven suburbs where vendors are sure to come out on top:

1. Wellard, WA

“Western Australia and Queensland dominate the list, particularly in the Perth and Brisbane metropolitan areas,” said Stepancic.

With Perth currently in the grip of an investor frenzy, many sellers are able to take advantage of elevated demand and a fear of missing out that is gripping east coast investors.

Wellard, in south-west Perth, saw listings drop by 27 over the past month, creating extra interest as buyers competed over the remaining homes. With a 9 per cent reduction in selling time over the past three months, the affordable asking price of $542,000 is a magnet for buyers.

2. Hamilton Hill, WA

With a massive 24 per cent reduction in days on market over the past three months, the south-west Perth suburb of Hamilton Hill is ideal for vendors after a quick sale.

At just $696,800, the median selling price offers an attractive option for buyers priced out of more expensive areas of Perth.

In fact, many of the suburbs identified as best seller’s markets in Australia had a median price under $750,000, indicating that “affordability is a key factor driving favourable conditions for sellers in these areas”.

3. East Perth, WA

The waterfront suburb of East Perth is an apartment seller’s dream, with listings plummeting by 21 over the past month.

The drop in competition has sparked high demand from buyers, with the suburb seeing a 9 per cent reduction in days on market over the last three months.

At $480,000, the median East Perth apartment is an affordable entry option for buyers wanting a piece of this bustling urban community.

4. Andrews Farm, SA

“South Australia presented several suburbs from the Adelaide metropolitan area […] characterised by competitive market conditions and asking prices that largely fall below the $750,000 threshold,” the report stated.

At the top of the list for Adelaide seller’s market is Andrews Farm, a north Adelaide suburb where both listing numbers and sale times are going steadily down.

With a median house price of just $534,000, it’s no wonder buyers are keen to purchase a home in Andrews Park.

5. Burdell, Qld

Located in Townsville, Burdell is one of the few regional suburbs to make the list.

Burdell’s $511,713 median asking price is clearly a drawcard for buyers, with sale times shrinking by 11 per cent over the last three months.

Competition is also declining, with listings numbers decreasing by 20 over the last month, indicating strong conditions for property vendors.

6. Clontarf, Qld

For unit owners, Moreton Bay is a great market for sellers wanting to achieve strong results.

Clontarf, located 34 kilometres north-east of the Brisbane CBD, has large numbers of buyers looking to snap up an apartment for the median asking price of $515,100.

With days on market declining by 12 per cent over the last three months, those who take their unit to market will have fewer competitors to contend with.

7. Blackheath, NSW

With median house prices in Sydney increasing sharply in recent years, many buyers are flocking to the outer suburbs to secure a home for comparatively better value.

Blackheath, in the Blue Mountains, is one suburb that buyers are turning to, with a typical asking price of just $845,000.

Days on market in Blackheath have declined by 12 per cent over recent months, while listings have also decreased.