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Fastest-selling suburbs uncovered

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A new report identifies the suburbs across the country where properties are being snapped up in the shortest amount of time.

The RP Data analysis examines average time on market in suburbs across Australia.

New South Wales continues to run hot, with eight of the top 10 suburbs located in this state.

In Old Toongabbie in Sydney’s west, homes spend an average of 12 days on the market before sale.

In nearby Parklea and Quakers Hill, properties are sold after 13 days.

Homes in Lalor Park and Willoughby sell within two weeks on average.

The standard time before sales is 15 days in Werrington Downs and 16 days in Lane Cove North.

Out of the capital city, West Gosford on the central coast is also in high demand as properties sell in a fortnight.

Perth also made the list, with middle ring suburbs recording quick turnaround times.

In both Coolbellup in the south and Lynwood in the south east, properties are sold on average in 13 days.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%