Top 10 fastest-selling suburbs in Australia
By Bianca Dabu
22 April 2021
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1 minute read
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With buyer preference shifting towards lifestyle locations, outer suburban and regional areas have emerged as some of the fastest-selling locations in Australia, a new report has revealed.
After a year rocked by COVID, more Australians have reassessed their lifestyle needs, resulting in higher demand for bigger houses, bigger blocks of land and properties at scenic locations.
With suburbs closer to the CBDs flawed by space restrictions and a lack of affordability, buyers are being encouraged to look further afield, according to REA economist Anne Flaherty.
As such, the largest declines in median time on market have been witnessed across the outer suburbs and regional areas – with some suburbs seeing their time on market slashed in half over the previous year.