Home buyers are snapping up properties within a couple of weeks or less in a string of affordable outer suburbs,new figures show.
Small and tightly held neighbourhoods also ranked high on the list of areas where homes change hands quickly.
In NSW,the fastest-selling suburbs were in western Sydney – Warragamba at an average 15 days on the market,followed by Wakeley and Carnes Hill at 18 days each,Domain research found.
In Victoria,Gladstone Park in Melbourne’s north topped the list at 17 days,followed by Ferny Creek in the east at 18 days,and Officer South in the south-east at 20 days.
For Queensland,the quickest sales were in Boyland,Heritage Park and Kuraby,all at 18 days or less,while in Western Australia the fastest sales were in Merriwa,Lake Clifton and Kingsley,also 18 days or less. The national crown went to Tolmans Hill in Hobart at just eight days.
The figures cover the first 11 months of 2022,showing the suburbs that were in demand through both the boom earlier in the year and the more recent property downturn on the back of rising interest rates.
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