PROSPECTIVE buyers have been locked in a frantic scramble for properties in Western Sydney as a new report confirmed that most of the country’s fastest selling properties are in the region.


Statistics from RP Data revealed that five out of the country’s 10 most popular housing markets are concentrated in Western Sydney, with a further two Sydney suburbs in other city regions making the list. The only other state to register a mention was WA with Coolbellup and Lynwood making the list.


Over the last six months, properties within all the suburbs featured in the top 10 sold, on average, within 16 days of being listed on the market, a marked departure from the nationwide average of roughly 80 days.


Australia’s top 10 fastest selling suburbs


1. Old Toongabbie, NSW

Average listing period: 12 days

2. Coolbellup, WA

Average listing period: 13 days

3. Lynwood, WA

Average listing period: 13 days

4. Parklea, NSW

Average listing period: 13 days

5. Quakers Hill, NSW

Average listing period: 13 days

6. West Gosford, NSW

Average listing period: 14 days

7. Willoughby, NSW

Average listing period: 14 days

8. Lalor Park, NSW

Average listing period: 14 days

9. Werrington Downs, NSW

Average listing period: 15 days

10. Lane Cove North, NSW

Average listing period: 16 days


Old Toongabbie, a suburb 6km northwest of Parramatta, topped the list with an average property listed just 12 days before being snapped up by a buyer. Local Elders real estate agent Nick Bardon said affordable property prices have ensured the suburb has always been popular, but the current market is especially competitive.


“We’re seeing anywhere between 30 and 100 people attend open homes,” Mr Bardon said. “Most properties we’ve had on our books sell within a week. The competition among buyers is very strong.”


Competition for properties is something prospective buyers have been all too familiar with in Werrington Downs, another of the country’s 10 most popular housing markets. Couple Ben Carter and Chevonne Chivas have been looking to purchase their first home in the suburb for the last six months, but claim the competitive market has forced them to reconsider.


“You’ll arrive at an open home inspection and there will be three or four other couples there before it even opens. By the time you’ve been there 30 minutes something like 25 other people will have seen the house,” Mr Carter said. Carter added that the area appealed to them because it is close to Penrith, where he grew up, and had property prices within their budget of $390,000 to $450,000.


Now the couple is considering raising that figure by $100,000 to stand any chance of securing a property. “You get the feeling that when there’s an open house the property gets sold that day. You’ve either got to adjust your budget or buy somewhere else,” Carter said.


“We never expected this. Some of our friends purchased in the area 18 months ago and had real estate agents constantly calling them up about listings. We registered with four different real estate agencies. Only one took us up.” Local LJ Hooker real estate agent Steve Thomas said such experiences are not surprising.


“We’re killing each other for listings out here,” he said. “A few years ago we’d usually have at least 10 properties on our books at any time. Properties sell so fast, now we’re lucky if we have three.” Driving the fast selling times in many of Western Sydney’s suburbs is a first homebuyer market that has been targeting the city’s affordable middle ring suburbs, according to RP data national research director Tim Lawless.


“Buyers are seeking out areas that are both affordable and provide a relatively efficient commute into [work] … the rapid selling time suggests buyer demand is strong while available homes for sale are tight. A purchase decision needs to be made quickly otherwise another buyer may snap up a home,” Mr Lawless said. The effect will be a likely increase in sale prices, Lawless added. “Such a rapid rate of sale is likely to drive prices higher, but eventually natural affordability barriers will slow the rate of growth down to a more sustainable level.”


What’s your experience been with the property market recently? Share your thoughts below or email us at


Originally published as 10 fastest selling suburbs right now