Australia's fastest-selling homes: top suburbs revealed
On average homes in Australia spend 30 days listed for sale but there are some suburbs where properties fly off the market in as little as eight days.
According to MortgageBroker.com.au, these are the places where homes sell the fastest.
10. Pearsall
Taking out 10th spot, is Pearsall in Western Australia.
Homes spend on average 16 days on the market with a median house price of $696.750.
The suburb shares equal 10th place with Kwinana Town Centre, where the media median house price is $465,000.
8. Seville Grove
Ranking in 8th place is the Perth suburb of Seville Grove.
Properties typically last 15 days on the market and sell for an average $575,000.
The suburb shares equal spot with Hocking, located about 53km away.
Although homes in Hocking sell just as fast, the median house price is a little higher at $725,000.
7. Ridgewood
Ridgewood is the 7th top suburb where homes sell the fastest.
Listings in this Perth suburb last around 14 days and sell for an average $565,000.
5. Normanhurst and Dean Park
Sitting in the top 5 is Normanhurst and Dean Park, in Sydney.
Both suburbs see properties average 13 days on the market.
Homes in Normanhurst sell for an average $1,928,000, double the price of Dean Park, which has a median house price of $905,000.
3. Darling Downs
The third top suburb where homes sell the fastest is Darling Downs in Western Australia.
In the past month, Darling Downs had seven houses available with 199 interested buyers.
Homes spend 12 days on the market and sell for around $1,202,500.
3. Hillman
In joint 3rd place is the Perth suburb of Hillman.
Hillman homes go for an average of $539,000 and typically has 40 interested buyers for each property on sale.
2. Brookdale
Coming in at second place is Brookdale in Perth.
The suburb offers some of the most affordable housing in the city's metropolitan area with house prices averaging $485,000.
Houses in the area typically spend 10 days on the market.
1. Leda
The number 1 suburb where homes sell the fastest is Leda, Perth.
Spending only eight days on the market, competition for buyers is extremely tight.
Leda is appealing to families, first-time buyers, commuters and investors due to its closeness to major hubs.
The median house price sits at $528,000.
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