HOUSES in Coolbellup, Western Australia sell on average faster than any other suburb in Australia.
Source: News Limited
WANT to sell your house quickly?
Well in some suburbs you need to start packing the boxes as soon as you list with the time it takes to sell now at historical lows.
Days on market figures, that is how long it takes to sell a property after it is first listed, have dropped substantially in the past year.
While the results will vary for different suburbs in different states, on a whole the national figures paint a promising picture.
The latest figures from RP Data reveal that average days on market for the combined capital cities are 38 days for houses and 35 days for units.
At the same time in 2012 it took on average 56 days to sell a house and 53 days to sell a unit.
Agents have already reported sales so quick in some suburbs they don’t get to auction and in one case in suburban Brisbane it sold within hours of listing.
Houses in suburbs in Western Australia and New South Wales figure prominently on the last of fast selling suburbs with Coolbellup in Perth taking out top honours with houses selling on average within 17 days.
There are only 13 houses currently listed for sale in the suburb and more than half of those area already under offer.
Alexandria in Sydney was close behind with houses selling on average within 19 days after first being listed for sale.
YOU may have to move quickly to secure a property like this one at 13 Dadley St, Alexandria NSW, as properties in the suburb sell on average within 19 days. Picture: realestate.com.au
Source: Supplied
It is also short on listings with only 12 houses for sale on realestate.com.au.
The best performing suburb in Queensland for houses was Carina Heights and Fairfield where buyers were found on average within 33 days.
In the ACT it was Higgins; 37 days, Northern Territory Wulagi; 48 days, and Cheltenham in South Australia where it took on average 38 days to find a buyer.
The market was a little slower in Tasmania with average days on market the best in North Hobart for 57 days.
RP Data analyst Cameron Kusher said at the same time that days on market had dropped so had the amount vendors had to discount their properties to get a deal across the line.
“With homes seeing lower levels of reductions to the original list price it is no wonder that we are seeing an improvement in the average number of days on market,’’ he said.