The number of properties available for purchase remains low compared to pre-pandemic levels, which, combined with strong demand, has led to some suburban homes being sold in just days on the market. means.
The sharp rise in interest rates since May last year has reduced the borrowing capacity of prospective homebuyers by about 30%. This has pushed some, but not all, out of the market.
In fact, the number of potential buyers in the final stages of buying properties is still large enough, with significantly more buyers per listing than before the pandemic.
This is especially true in Queensland and South Australia, which saw a 140% and 170% increase in potential buyers per listing, respectively, compared to February 2020.
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A home near Toowoomba in Regional Queensland is one of the fastest to sell.Photo: Getty
Strong demand coupled with the fact that there is At least 30% fewer properties for sale than before the pandemic That means buyers in these states still face stiff competition.
As a result, the seller makes a profit.
A closer look at the best-selling suburbs for housing reveals that properties go up for sale as soon as they are listed.
Suburbs with the shortest days on site – Residential
| Suburbs | GCCSA | Average Days in Market |
| Meadowbrook | Greater Brisbane | Ten |
| Darling Heights | Rest of Qld | 12 |
| west hobart | Greater Hobart | 13 |
| bridgewater | Greater Adelaide | 13 |
| Guylston Bay | Greater Hobart | 13 |
| Tabeban | Rest of Qld | 13 |
| Meringandan West | Rest of Qld | 13 |
| Toowoomba City | Rest of Qld | 13 |
| Leda | Greater Perth | 13 |
| red lynch | Rest of Qld | 14 |
Nearly all of the top suburbs with the lowest average days on-site are in Queensland and South Australia, with areas in Queensland also prominent.
A typical home in Meadowbrook, Brisbane has been sold after being listed on realestate.com.au for just 10 days.
Darling Heights and Taveban in Queensland were also popular with buyers, with homes sold out in 12-13 days.
Bridgewater, SA was another popular suburb with homes listed on the lot usually 13 days before being sold.
This trend is also evident in units, dominated by the best-selling suburbs of Queensland and South Africa.
Suburb with shortest days on site – unit
| Suburbs | GCCSA | Average Days in Market |
| Thorneside | Greater Brisbane | 11 |
| manly west | Greater Brisbane | 12 |
| mouroubourg | Rest of Qld | 12 |
| Manura | Rest of Qld | 13 |
| Blacksman Bay | Greater Hobart | 15 |
| Ascot Park | Greater Adelaide | 15 |
| Bolonia Heights | Greater Brisbane | 15 |
| Kennington | The rest of the Vic. | 16 |
| Parramatta Park | Rest of Qld | 17 |
| camp hill | Greater Brisbane | 17 |
Brisbane’s Thornside and Manly West units typically sold in just 11 and 12 days respectively.
The Queensland suburbs of Mooroubourg and Manoura also attracted many buyers with units that were only on the market for 12-13 days before being sold.
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Another popular suburb for apartments is Ascot Park, SA, where the listed property has been on site for over two weeks.
Rising interest rates have reduced the amount of money potential buyers can borrow. This has eased demand from the record highs of the past two years, but remains relatively strong.
Competition is expected to continue, especially in affordable states such as Queensland, Adelaide and Western Australia.