As Your Investment Property reported last week
, this Spring might not be the best time to buy. However, depending on where you own your investment properties, it could be the perfect time to sell.
To this end, a new report from realestate.com.au, which reveals the top sellers’ markets nationwide and within each state, should be of interest.
While the ongoing heat in the Sydney market means that New South Wales dominates the nationwide top 10 list, it is a South Australia suburb (Parkside) which takes out the number one position.
There are six NSW suburbs in the top 10, along with two from SA and Victoria.
The top 10 suburbs across Australia which have the most people searching per listing are:
- Parkside (SA)
- Cherrybrook (NSW)
- Norwood (SA)
- Winston Hills (NSW)
- East Melbourne (VIC)
- Engadine (NSW)
- South Penrith (NSW)
- Bella Vista (NSW)
- Drummoyne (NSW)
- Surrey Hills (VIC)
State-by-state, the number one suburbs to attract most buyer interest are:
- SA: Parkside
- NSW: Cherrybrook
- VIC: East Melbourne
- QLD: Holland Park
- WA: Mount Hawthorn
- TAS: South Hobart
- ACT: Belconnen
- NT: Howard Springs
Realestate.com.au’s Arthur Charlaftis says that supply and demand in each suburb is assessed and the suburbs are then ranked based on the ratio of buyer demand.
“If a suburb features in this list it could be a good time for property owners in that area to consider selling as there are a high number of buyers searching for property in that area,” he says.
Can you afford to buy in this suburb? Find out how much you can borrow
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