LatestNews

Homes Still Selling Fast In Many Areas

A large family home in the suburbs continues to be popular, with new data showing those types of houses sell faster than others.

PropTrack says 90% of the fastest-selling houses in the 12 months to the end of June were three-bedroom homes in suburbs with a median price of less than $1 million.

It says three-bedroom houses in Sydney’s Camden South ($764,500) are selling within 14 days on average while in Gordon ($727,500) in Canberra and New Town ($945,000) in Hobart houses sell on average in 16 days.

Houses sell faster than units in most suburbs although in Manly Vale on Sydney’s Northern Beaches one-bedroom or two-bedroom units sell on average within 18 days.

PropTrack senior economist Eleanor Creagh predicts more properties will be listed for sale in the coming weeks.

“Spring is a popular time for vendors to sell,” she says. “As we head through September, we are likely to see an increase in the number of properties hitting the market.”

Enquiry Form