Tasmanian suburb is home to top-selling properties in 2021

Domain’s latest report revealed the 30 fastest-selling suburbs this year, with a Tasmanian postcode at the top.

Topping the list was a small Tasmanian suburb – Goodwood, just north of Hobart – with an average property taking eight days to sell.

Properties in the Sydney, Melbourne and Sunshine Coast suburbs also went quickly, taking an average of 10 days to sell.

Dr Nicola Powell, head of research and economics for the field, said that for buyers in today’s real estate market it is often a “race against time” to get an offer and the accept.

“[Our report] found the time it took to sell a home was the fastest since 2008, ”said Dr. Powell.

Ultra-low mortgage rates, government stimulus measures, rebounding economic conditions, returning expatriates and improving household savings have become the perfect combination of factors for price growth and economic activity. extraordinary in 2021. “

Dr Powell said the often requested suburbs were smaller or very tight.

“If they have very low inventory turns, often when something does happen, the buyers are ready to act. The suburbs where the property sells in days – those are the buyers who were ready yesterday,” he said. she declared.

Top 30 fastest suburbs for sale in 2021

Domain gathered the top 30 suburbs with the fewest days on the market – for homes and combined units – from January through November 2021.

Rank Suburb Average days on the market
1 Goodwood, TAS 8
2 Killarney Heights, NSW ten
3 Diamond Valley, QLD ten
4 Sassafras, VIC ten
5 The Patch, VIC ten
6 Alfords Point, NSW 11
seven Ferny Hills, QLD 11
8 Regency Park, SA 11
9 Millgrove, VIC 11
ten Chifley, NSW 12
11 Dean Park, NSW 12
12 Mount Saint Thomas, NSW 13

Narellan, NSW

14 Rankin Park, NSW 13
15 Westleigh, NSW 13
16 Highvale, QLD 13
17 Keperra, Queensland 13
18 Hobart North, TAS 13
19 Belgrave Heights, Victoria 13
20 Holder, ACT 14
21 Koonawarra, NSW 14
22 Chigwell, TAS 14
23 Macquarie Hills, NSW 15
24 North Balgowlah, NSW 15
25 Raby, New South Wales 15
26 Windale, New South Wales 15
27 Margate, TAS 15
28 Oakdowns, TAS 15
29 Risdon Vale, TAS 15
30 Seven Mile Beach, TAS 15

Source: Domain

Why are properties selling so fast?

According to this list, the shortest time on the market was eight days, but the longest was only 15.

Martin Evans, real estate agent at 4one4 Property, said property sales at Goodwood got “frantic” after buyers found out how affordable they were compared to neighboring suburbs.

For a long time, Goodwood was a bridesmaid suburb of Moonah, ”Mr Evans said.

“But as prices skyrocketed this year, buyers had to do a sideways reflection and look outside Moonah to areas where prices were still affordable – and they landed at Goodwood.”

In Brisbane – where the median home price hit a record $ 722,455 in the September quarter according to Domain – the top-selling suburb was Ferny Hills.

Drew Crump, real estate salesperson at Harcourts Solutions, said this was due to his popularity with families.

“There is no doubt that the number of days on the market has dropped significantly over the past year, and the demand is coming from buyers who recognize how lovely Ferny Hills is to raise a family,” said Mr. Crump.

“We could sell everything on the same day that we listed if we wanted – that’s where the demand is – but we stick to our process and slowed it down a bit to allow as many people as possible. people possible to see the property.

“We usually sell within this seven to ten day period.”


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Image by Spencer Chow on Unsplash

The entire market was not taken into account in the selection of the above products. On the contrary, a small part of the market has been envisaged. Products from some vendors may not be available in all states. To be considered, the product and the price must be clearly published on the website of the supplier of the product. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au and Performance Drive are part of the Savings Media group. In the interest of full disclosure, the Savings Media Group is associated with the Firstmac Group. To learn more about how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.

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