{"id":2275,"date":"2017-03-20T23:00:10","date_gmt":"2017-03-20T23:00:10","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=2275"},"modified":"2017-03-27T23:58:15","modified_gmt":"2017-03-27T23:58:15","slug":"suburbs-fastest-selling-australia","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/suburbs-fastest-selling-australia\/","title":{"rendered":"Which suburbs are the fastest selling in Australia?"},"content":{"rendered":"

<\/p>\n

\n

When it comes to selling, some suburbs are so sought-after that properties there are snapped up in no time.<\/strong><\/p>\n

While the inner-city Sydney and Melbourne markets are both running hot, when it comes to the suburbs where properties are sold quickly, it\u2019s the outer suburban suburbs of Melbourne that dominate the top 10.<\/p>\n

If you want to see which suburbs are the fastest selling in your state, check out this interactive.<\/em><\/strong><\/p>\n

Topping the list for shortest median days on market is Tecoma, which lies 34km east of Melbourne\u2019s CBD, with an average of 10 days on market.<\/p>\n

Nearby Mount Dandenong (35km east of Melbourne CBD) was second on the list, also with 10 days on market, followed by Badger Creek (53km north-east of Melbourne\u2019s CBD) with 11 days.<\/p>\n

Victorian suburbs dominated the top 10, which also featured Kallista, Kilsyth South, Pearcedale, Belgrave and Frankston North.<\/p>\n

The suburb of Warrane, which is 5km from Hobart\u2019s city centre, was fourth on the list, while the only other non-Victorian entry was Kariong, on the NSW central coast.<\/p>\n

The on market realestate.com.au\/buy data looks at houses<\/a> sold between 1 September 2016 and 28 February 2017. <\/span><\/p>\n

Median days on market is calculated by the number of days that properties are advertised for sale on realestate.com.au\/buy.\u00a0<\/span><\/p>\n

\"Australia's<\/p>\n

Affordability is key<\/h2>\n

The outer-suburban areas in Melbourne\u2019s north and east are appealing to buyers because they offer<\/a> affordability, according to\u00a0REA Chief Economist Nerida Conisbee.<\/p>\n

\u201cPeople want big blocks of land, four bedrooms, two bathrooms and a two-car garage, at an affordable price,\u201d Conisbee says.<\/p>\n

\u201cWhen you have a look at the list here you can see places like Tecoma and Mount Dandenong, and they almost all offer that. They\u2019ve got affordable prices on pretty big blocks,\u201d she says.<\/p>\n

\"Mount<\/p>\n

Buyers are flocking to idyllic Mount Dandenong. Picture: realestate.com.au\/buy<\/p>\n<\/div>\n

The outer suburbs of Melbourne, unlike Sydney, are still priced within reach for many home buyers.<\/p>\n

\u201cMelbourne still offers affordability \u2013 there\u2019s still houses in a price range that people are interested in, but the market is very strong,\u201d Conisbee says.<\/p>\n

\u201cWhat we\u2019re finding in NSW is that you can\u2019t find an affordable home in Sydney, so there\u2019s this push to the central coast and down to Wollongong.\u201d<\/p>\n

Lifestyle v commute<\/h2>\n

With places like Tecoma and Mt Dandenong being 35km from the CBD, new residents potentially face a long commute to work, but Conisbee says the value often makes it worthwhile.<\/p>\n

\u201cPeople are prepared to make a really big commute if it offers them a lifestyle and the kind of home they want,\u201d she says.<\/p>\n

\u201cTecoma is not impossibly far from the city, but you have that kind of country lifestyle and you have a big home and all the rest.\u201d<\/p>\n

\"Tecoma<\/p>\n

Tecoma is the fastest selling suburb in Australia. Picture: realestate.com.au\/buy<\/p>\n<\/div>\n

Director of Harcourts Essential Real Estate<\/a> Tecoma, Jim Georgiou, says there has been a huge increase in demand across the Yarra Ranges area.<\/p>\n

\u201cOver the last 10 to 14 months we\u2019ve been seeing levels of attendance at open homes like we\u2019ve never seen up here before,\u201d he says.<\/p>\n

\u201cThe demand is high and the supply is low, so people are making a decision quicker. We\u2019re not seeing many people coming back for second or third inspections.<\/p>\n

\u201cRegardless of price range, anything that\u2019s coming on the market is generating huge amounts of interest.\u201d<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n <\/p><\/div>\n

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 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to selling, some suburbs are so sought-after that properties there are snapped up … Which suburbs are the fastest selling in Australia?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2276,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,62,12908,543,127,617,489,818,15282],"class_list":["post-2275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-for-sale","tag-home","tag-home-buying-guide","tag-homes","tag-house","tag-houses","tag-real","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/australias-fastest-selling-suburbs-1024x768.jpg?fit=1024%2C768&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":25319,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-perfect-combination-of-a-lush-green-lifestyle\/","url_meta":{"origin":2275,"position":0},"title":"The perfect combination of a lush green lifestyle","author":"Amazing Property","date":"December 20, 2021","format":false,"excerpt":"The perfect combination of a lush green lifestyle mixed with vibrant inner north culture is possible -\u00a0 you just need to know where to look. 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