Blink And You’ll Miss It Suburbs

As the spring selling season takes hold, buyer demand and a lack of stock mean properties in some suburbs are changing hands within just a week or two.

Townsville is the hottest market in Australia, with homes in some of its suburbs selling faster than anywhere else.

PropTrack data shows that in the Townsville suburb of Douglas, it takes on average seven days for a unit to sell and nine days for a house to sell in Condon.

REA Group executive manager of economics, Angus Moore, says the city has been inundated by southern buyers heading north, with investors seeking affordable properties with high rental yields.

Sydney’s fastest-selling suburbs are in the more affordable regions of Penrith and Macarthur, including the suburbs of  Jamisontown and Werrington County, where houses typically sell within 12 days.

Melbourne’s fastest-selling suburb is Carrum Downs, where houses trade on average within 11 days, while Pinjarra houses and Bassendean units also sell within 11 days in Western Australia.

In South Australia, Goolwa South houses trade in 22 days, and in Tasmania, Summer Hill is the fastest-selling house market (17 days).

In the Northern Territory, Gunn has the lowest days on market of 44 days.