Buyers are most active in the outer-lying regions of capital cities, a new report has highlighted.
The Bank of Queensland’s Buyer’s Guide analysed the councils with the highest number of sales in the past 12 months.
According to the report, the outer regions of capital cities are dominating the market in most states.
Around 4,717 properties have been sold in this area in the past 12 months.
Turnover appears to be high, with properties spending a median of only 22 days on the market.
The suburbs lying between Sydney and Newcastle are also surging ahead.
In Victoria, the Casey region in Melbourne’s far south east proved particularly popular, with 3,741 sales.
Activity appears to be less frantic than in parts of Sydney, however, with properties spending a median of 36 days on market.
The Geelong region and the Peninsula are also drawing in buyers.
In Western Australia, the trend shifted slightly towards suburbs closer to the CBD.
Theregion, within 15 kilometres of the city centre, saw 4,492 sales in the last 12 months.
Queensland has larger council divisions, with the entire city of Brisbane falling within a single council.
Brisbane saw 15,510 sales in the last 12 months, with houses spending 36 days on market.
Otherwise, the south east corner of the state attracted the most buyers, with the Gold Coast, Moreton Bay,Coast and Logan rounding out the top five.
Your enquiry has been sent to a local Aussie Mortgage Broker.
We will be in contact with you shortly.
- Give expert mortgage advice to help you find great investment loan deals
- Help you maximise return by lowering financing costs
- Save you time and effort by helping with the paperwork