Top 10 Fastest Selling Suburbs for Houses in 2017

Housing affordability, where to buy, and when, are hot topics for any home owner or person wanting to enter the market.

Some capital cities, predominantly Sydney and Melbourne, have been experiencing a very competitive market with high demand and fast rate of sale for properties.

To get an idea of where people are currently buying, we have rounded up the top 10 fastest selling suburbs in each state from the property experts at CoreLogic.

CoreLogic looked at every state and territory in Australia to find the suburbs with the shortest median house selling time from January 2016 to January 2017.

The data was calculated using private sales, not including houses for auction, with the overall time on the market (TOM) figures worked out from the date a house is first listed compared to the contract date.

Without further adieu, coming in first place for the shortest median days on the market for houses is Montagu Bay in Hobart at 5 days.

How did other States and Territories fare?

Below are the number-one fastest selling suburbs for each State and Territory:

  1. TAS: Montagu Bay at 5 days
  2. VIC: Tooradin at 8 days
  3. NSW: Lapstone at 9 days
  4. QLD: Keperra at 10 days
  5. WA: Daglish at 14 days
  6. ACT: Ainslie at 16 days
  7. SA: Melrose Park and Rosewater tied at 25 days
  8. NT: The Gap at 41 days

The results show that most of the properties that are quickest to get on a contract from the date of listing are located in capital cities, rather than regional areas.

Other suburbs are located mostly on the fringes of capital cities, showing how rising prices and problems with housing affordability in the city are pushing demand to the ‘outer suburbs’.

CoreLogic says that capital city houses and properties in sought after locations are likely to remain at a “rapid rate of sale”, but with early signs of rising stock levels there may be “an easing in the perceived urgency to buy across some markets”.

The full set of fastest selling suburbs in each State and Territory

New South Wales’ fastest selling suburbs

Top 10 Suburbs in NSW with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Lapstone Blue Mountains 9
Mayfield East Newcastle 10
North Gosford Gosford 10
Valley Heights Blue Mountains 11
Glossodia Hawkesbury 12
Warrimoo Blue Mountains 14
Wyoming Gosford 14
Eschol Park Campbelltown 14
Queens Park Waverley 14
Minnamurra Kiama 14

 Source: CoreLogic

Victoria’s fastest selling suburbs

Top 10 Suburbs in VIC with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Tooradin Casey 8
Wandin North Yarra Ranges 9
Diggers Rest Melton 10
Carrum Downs Frankston 10
Frankston North Frankston 10
Seville Yarra Ranges 10
Belgrave Heights Yarra Ranges 11
Cockatoo Cardinia 11
Narre Warren Casey 12
Hampton Park Casey 12

 Source: CoreLogic

Queensland’s fastest selling suburbs

Top 10 Suburbs in QLD with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Keperra Brisbane 10
Algester Brisbane 13
Willowbank Ipswich 13
Middle Park Brisbane 14
Ferny Grove Brisbane 15
Geebung Brisbane 16
Fitzgibbon Brisbane 16
Chermside West Brisbane 16
Boondall Brisbane 16
Varsity Lakes Gold Coast 16

Source: CoreLogic
Fastest selling suburbs in Queensland

Western Australia’s fastest selling suburbs

Top 10 Suburbs in WA with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Daglish Subiaco 14
Menora Stirling 18
Subiaco Subiaco 19
Floreat Cambridge 22
Shenton Park Subiaco 23
Mira Mar Albany 25
Manning South Perth 27
Leederville Vincent 28
Beldon Joondalup 28
Myaree Melville 28

 Source: CoreLogic

South Australia’s fastest selling suburbs

Top 10 Suburbs in SA with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Melrose Park Mitcham 25
Rosewater Port Adelaide Enfield 25
Edwardstown Marion 28
Tranmere Campbelltown 28
Surrey Downs Tea Tree Gully 29
Ridgehaven Tea Tree Gully 29
Parkside Unley 30
Queenstown Port Adelaide Enfield 30
Reynella East Onkaparinga 30
Crafers Adelaide Hills 30

 Source: CoreLogic

Tasmania’s fastest selling suburbs

Top 10 Suburbs in TAS with the Fastest Selling Houses
Suburb Council Area TOM (in days)
#1 Montagu Bay Clarence 5
Mount Stuart Hobart 6
Moonah Glenorchy 8
Warrane Clarence 8
South Hobart Hobart 9
North Hobart Hobart 9
New Town Hobart 9
Lenah Valley Hobart 11
Rose Bay Clarence 12
Geilston Bay Clarence 12

 Source: CoreLogic

Australian Capital Territory’s fastest selling suburbs

Top 10 Suburbs in ACT with the Fastest Selling Houses
Suburb Council Area TOM (in days)
Ainslie ACT 16
Dickson ACT 21
Higgins ACT 23
Downer ACT 25
Hackett ACT 25
Fraser ACT 26
Harrison ACT 27
Franklin ACT 29
Amaroo ACT 30
Flynn ACT 31

 Source: CoreLogic
Ainslie - Fastest selling suburb in ACT

Northern Territory’s fastest selling suburbs

Top 10 Suburbs in NT with the Fastest Selling Houses
Suburb Council Area TOM (in days)
The Gap Alice Springs 41
Tiwi Darwin 49
Desert Springs Alice Springs 49
Girraween Litchfield 56
Braitling Alice Springs 58
Nakara Darwin 62
East Side Alice Springs 63
Rapid Creek Darwin 63
Alawa Darwin 64
Millner Darwin 65

 Source: CoreLogic

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