While Australia's property market is showing signs of cooling - driven by recent CGT and negative gearing reforms, ongoing economic uncertainty, and elevated interest rates - not every market is slowing down.
Using PropertyDirector's PropertyFinder, we searched all Australian suburbs using the following criteria:
* Maximum median house price: $900,000
* Maximum 50 days on market
The result? Almost 200 suburbs are still experiencing very strong buyer demand, with properties selling quickly.
Here are a few standout performers:
Warrane, TAS
* Median House Price: $846,976
* Days on Market: 7 days
* Vendor Discount Rate: -4.27% (selling above asking price)
Ferryden Park, SA
* Median House Price: $751,847
* Days on Market: 28 days
* Vendor Discount Rate: -28.17% (strong seller's market)
Osborne Park, WA
* Median House Price: $730,355
* Days on Market: 48 days
* Vendor Discount Rate: 5.00% (buyers still negotiating discounts)
Millner, NT
* Median House Price: $850,543
* Days on Market: 49 days
* Vendor Discount Rate: -3.91%
Athol Park, SA
* Median House Price: $796,561
* Days on Market: 4 days
* Vendor Discount Rate: -16.43%
Campbellfield, VIC
* Median House Price: $765,314
* Days on Market: 43 days
* Vendor Discount Rate: -10.17%
What does this tell us?
Although the national market is softening, many local markets remain highly competitive.
Some interesting observations:
* South Australia and Western Australia feature prominently among the fastest-selling suburbs.
* Victoria appears less frequently, suggesting softer buyer demand in many areas.
* In five of the six suburbs above, homes sold not only quickly but also above the advertised asking price, highlighting exceptionally strong demand.
Monitoring metrics such as Days on Market and Vendor Discount Rate can help identify emerging property hotspots before they become widely recognised, giving investors an opportunity to act ahead of the broader market.
With PropertyDirector, you can search thousands of Australian suburbs in seconds using powerful, data-driven insights to uncover your next investment opportunity.
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