Top 19 most in-demand suburbs in Australia

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Properties in the middle to outer ring suburbs of Australia’s biggest cities are practically ‘walking out of the door’ as soon as they’re listed, according to new statistics from CoreLogic RP Data.

Sydney’s Jannali, located 20 km from the CBD, is leading the pack with units spending just 13 days on the market before they are sold.

The strong demand from buyers resulted in a surge in value during the past 12 months. Median unit values jumped 16% to $545,000.

Meanwhile, the Perth suburb Coolbellup defied the downturn in the city and attracted strong buyers’ interest during the same period. Units are sold within 16 days of being listed on average.

This solid demand helped push the median unit values by 8% to $350,000 during the year to March 2015.

The Melbourne suburb Scoresby also made the list. Houses in this area are sold within 18 days, lifting median values by 12%.
 
State Suburb Type Median Price Time on Market (days) Average GPO Distance (KM)
NSW JANNALI U 545000 13 20
NSW ROSEMEADOW U 342500 14 46
NSW WERRINGTON H 462500 16 44
NSW GREEN POINT U 398000 16 49
NSW HEATHCOTE U 555000 16 30
WA COOLBELLUP U 350000 16 15
NSW CURRANS HILL H 462000 16 45
NSW WILLMOT H 340000 17 42
NSW TREGEAR H 355000 17 41
NSW EMERTON H 361500 17 40
VIC SCORESBY H 571000 18 25
NSW GLENMORE PARK U 409500 18 45
NSW LINDFIELD U 705000 18 10
NSW KINGS LANGLEY H 710000 18 28
NSW GYMEA U 645000 18 21
NSW LANE COVE U 662000 18 6
WA ASHFIELD H 499000 19 9
NSW WINSTON HILLS H 797000 19 23
VIC KILSYTH SOUTH H 574625 19 30
Source: CoreLogicRP Data




 

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