Aussie property hotspots: Where homes sell in days

Daily Telegraph

4 days ago

Is your house destined to gather dust on the market? Or will it be snapped up faster than you can say 'sold!'?
New Ray White data reveals the Aussie suburbs where properties are flying off the shelves – and the ones where sellers are facing a long, hard slog.
Forget the national average of 31 days. In some parts of Australia, homes are practically selling themselves while you sleep.
Perth: Australia's speed demon
If you're after a quick sale, Perth is the place to be.
Houses in the WA capital are selling in a median of just 13 days, making it the fastest-selling capital in the country.
While that's up slightly from nine days last year, it's still a decade low.
The numbers are pretty remarkable: a whopping 76 per cent of Perth suburbs see properties sold within two weeks, and another 21 per cent within a month.
That means a staggering 97 per cent of Perth suburbs are turning over properties in under 30 days.
The market has well and truly flipped in favour of sellers, with Perth claiming eight of the top 10 fastest-selling suburbs nationwide.
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Brisbane: Hot on Perth's heels
Brisbane comes in as the second-fastest capital, with a median of 21 days on the market. Almost one in five suburbs (19 per cent) are selling within 14 days, and nearly two-thirds (64 per cent) within a month.
Overall, 83 per cent of Brisbane suburbs are experiencing healthy selling conditions.
Adelaide: The market barometer
If you want a snapshot of the average Aussie market, look to Adelaide.
Over the past decade, Adelaide has consistently mirrored national trends, making it a reliable indicator of overall market performance.
Adelaide's median selling time has remained remarkably stable at around 32 days for the past three years, closely aligning with the national average.
It's neither blazing fast nor painfully slow.
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Sydney, Melbourne, and Hobart: The slow lane?
Things are taking a little longer in Sydney, Melbourne, and Hobart, with all three cities seeing an increase in median days on market.
Sydney has slowed from around 25 to 30 days a decade ago to 34 days currently.
However, even in the Harbour City's pricey market, some suburbs are bucking the trend.
Bow Bowing, Fairlight, and Werrington County are all seeing sales within 7 to 9 days.
Melbourne's median of 36 days places it among the slower-selling capitals. ]However, the trend suggests a return to normal, with the 10-year median hovering around 30 days (excluding a pre-pandemic peak).
Hobart has seen the wildest swings, plummeting to single-digit selling times in the mid-to-late 2010s before climbing back to 35 days – essentially back where it started.
Despite this, suburbs like Seven Mile Beach are still achieving lightning-fast sales, sharing the top spot as Australia's fastest-selling suburb at just six days.
Canberra and Darwin: Consistently the slowest
Canberra and Darwin have consistently been the slowest of all capital cities over the past decade.
While Canberra's current median of 47 days might raise eyebrows, the data reveals a unique selling pattern. A whopping 68 per cent of suburbs sell within 31 to 60 days, suggesting a methodical market driven by the city's large public sector workforce.
Darwin remains the slowest overall, but its current median of 54 days is actually a decade low, down from peaks of over 70 days.
What does it all mean?
Ultimately, how quickly your house sells depends on a whole range of factors, from location and property type to pricing and presentation.
But understanding the trends in your local market is a crucial first step.