Sneak peek: The places in Australia where it’s hardest to sell fast

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Perth has been revealed as home to six of the top 10 Australian capital city suburbs where houses require the longest average time to sell, according to RP Data.

The list, compiled using RP Data’s December suburb data, revealed that Brisbane and Sydney suburbs also featured in the top 10, with two suburbs each.

Topping the ranking of capital city suburbs with the longest selling period was Holmview, a suburb 29km from the Brisbane city centre, where houses are on the market for an average 229 days.

Other suburbs included Perth locations Highgate and Hernie Hill, where properties are on the market for periods exceeding 220 days, on average.

Including regional towns and cities, Ouyen, a small town 441km north-west of Melbourne, emerged as the number one suburb in all of Australia for the length of time that properties are on the market, with an average 324 days on the market.

Known as a centre for the Victorian grain farming industry, Ouyen’s small population and relative obscurity, mean it is not surprising that the suburb holds this distinction, despite an affordable median house price of $120,000.

The data included only suburbs where the median selling price was under $1m.

 

Longest time on market in capital cities:

 

Suburb

Median house price

12 month growth

Time on market (days)

HOLMVIEW, QLD

$320,000

-6%

229

HIGHGATE, WA

$320,000

-17%

228

HERNE HILL, WA

$745,000

n.a.

225

DANGAR ISLAND, NSW

$770,000

0%

216

OAKFORD, WA

$841,500

-9%

187

BURNS BEACH, WA

$862,500

-4%

186

KILLCARE, NSW

$720,000

-32%

186

EAST PERTH, WA

$957,500

-2%

178

HOVEA, WA

$967,500

n.a

173

KARANA DOWNS, QLD

$427,500

-1%

173

Source: RP Data, Dec

 

Longest time on market nationally:

 

Suburbs

Median house price

12 month growth

Time on market (days)

OUYEN, VIC

$120,000

17%

324

JAMBEROO, NSW

$485,000

-1%

235

MOUNT BARKER, WA

$245,000

-19%

231

RIVER HEADS, QLD

$362,500

-2%

231

HOLMVIEW, QLD

$320,000

-6%

229

HIGHGATE, WA

$693,750

-17%

228

HERNE HILL, WA

$745,000

n.a

225

BAROOGA, NSW

$257,500

24%

225

SAPPHIRE BEACH, NSW

$552,500

0%

224

PARADISE BEACH, VIC

$143,000

19%

221

Source: RP Data, Dec

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