Top 30 fastest-selling suburbs

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Properties are being snapped up quickly all over Australia, but one city in particular is dominating the list.
As prices in the red-hot Sydney market continue to rise, so too has the pace with which the properties are being snapped up. Suburbs in Perth and Melbourne also made this top 30 list, however in a somewhat mediocre fashion compared to the New South Wales capital, according to CoreLogic RP Data.
Properties in all 30 suburbs are on the market for only 20 days or less, with units in Jannali, Kellyville and Heathcote going within two weeks.
These incredibly low numbers for average days on the market indicates these suburbs are highly sought-after and quickly snapped up by investors.
As the price for inner city suburbs continues to rise, it is not surprising that many first home buyers or average income households are looking outwards rather than in.
Almost all suburbs appearing in the top 30 were outside the inner ring of their city.
Outer Sydney suburbs like Kellyville, North Gosford and Lalor Park boast either a wide range of amenities, excellent transport infrastructure or both.
With so much bang for their buck, these suburbs are enticing to a wide demographic of people looking to secure property that meets all their needs.
Something else that is interesting to note is that properties in nine out of the top ten suburbs come under the Unit classification.
Once again, skyrocketing prices are causing many people to consider downsizing to live within their means.

Top 30 fastest-selling suburbs, according to CoreLogic RP Data 

Suburb State Type Median Price Time on Market (days)
Jannali NSW U $545,000 10
Kellyville NSW U $615,000 12
Heathcote NSW U $550,000 14
Revesby NSW U $597,000 14
Coolbellup WA U $350,000 15
South Penrith NSW U $375,000 16
Werrington NSW H $447,500 17
Telopea NSW U $555,000 17
Green Point NSW U $393,000 17
Summer Hill NSW U $637,000 17
Currans Hill NSW H $456,200 18
Lalor Park NSW H $500,000 18
Kilsyth South VIC H $575,000 18
North Gosford NSW H $415,000 18
Kariong NSW U $340,000 18
Acacia Gardens NSW H $630,000 18
Chelsea Heights VIC H $515,000 18
Bass Hill NSW U $460,500 18
Kings Langley NSW H $693,500 18
Avonsleigh VIC H $360,000 18
Tregear NSW H $344,750 19
Collbellup WA H $525,000 19
Ashfield WA H $503,000 19
Willmot NSW H $334,000 19
Werrington County NSW H $460,000 20
Maryville NSW H $464,000 20
Sutherland NSW U $525,000 20
Engadine NSW U $527,000 20
Berowra Heights NSW H $780,000 20
Scoresby VIC H $555,600 20



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Top Suburbs : melton , gladesville , wentworthville , redcliffe , coburg north

  • says on 20/02/2015 09:12:14 AM

    Where are these numbers from?

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