Eager buyers keen to claim their own little patch of Australia are snapping up properties in just three weeks, as the country’s property boom continues.No suburbs outside of NSW made the national top 30 list of suburbs where properties spend the shortest number of days on the market before sale.Properties in the northwestern Sydney suburb of Cherrybrook, Naremburn and Queenscliff, along with Jannali in The Shire, tied for number one spot on the list.All four suburbs recorded a median number of days on market of just 21 between March 2014 and February 2015.The realestate.com.au data was compiled by measuring the difference between the days when a property was first listed on realestate.com.au to the last day it was listed. The results include only those suburbs that recorded at least 60 sales.Which suburbs made the list in your state? See belowFamily-friendly Cherrybrook is top of the list for buyers in SydneyWhile NSW was a clear winner on the list, properties in Victoria weren’t far behind, with five suburbs tying for the top honours.Properties in all five – Armadale, Carlton North, Clifton Hill, Ivanhoe East and Malvern – recorded a median number of days on market of 26.Of the top suburbs in each state, properties in Leanyer in the Northern Territory, spent the longest time on market with a median of 76 days.Thinking of selling? Get a Property Value Report for your homeBresicWhitney Estate Agents CEO Shannan Whitney says the short sale times are indicative of a sellers’ market.He says the market conditions are a result of demand from buyers and urgency on both sides for a sale.“When the market is good it feeds that urgency in number of ways and you tend to find fewer properties go to auction,” he says.“It’s the need to try and minimise the process and price is one of the main mechanisms.“Sales happen quicker, they will not go to auction because buyers are forcing results to get the property off the market.”Hot property: What $1 million buys you in AustraliaPublic transport and proximity to the city make Armadale a top choice for buyersWhitney says agents have seen the pace of the market pick up at the start of 2015.“We expected that to be how 2015 was going to start, given the momentum at the end of last year.”How to: Spot a growth areaWhitney urges buyers in the market for property to be pragmatic in their approach to a sale.“It’s important because it does require a certain amount of decisiveness and patience. I would encourage buyers to be aware of what outcomes they want.“You can still make good decisions when the market is a sellers’ market.”And he says vendors need to remain realistic about prices and understand where their property is performing in its particular market.The median number of days on market for homes in West Hobart was 40.5Top five suburbs with the shortest time on market by stateNSWCherrybrookJannaliNaremburnQueenscliffBeacon HillSydney buyer’s agent Rich Harvey of propertybuyer.com.au says Cherrybrook is popular for families with children as it lies in the Cherrybrook Tech School catchment area.“It’s also close to the new Castle Hill train station which is being built. It’s a nice family friendly, leafy suburb in northern Sydney.”Harvey says buyers looking to get into sought after suburbs should do their research on the area and be ready to make an offer if a house they like comes on the market.“You could also use a buyer’s agent, as they often get advance notice on properties coming up for sale.”VICArmadaleCarlton NorthClifton HillIvanhoe EastMalvernHocking Stuart Armadale Director Andrew James says buyers are always on the lookout for inner-city locations.“In Armadale in particular there are only 3,500 dwellings and not a huge amount of turnover. It’s highly sought after, for its village atmosphere plus close proximity to public transport.”ACTMore from newsAustralia’s best growth suburbs16 Feb 2015Up-and-coming suburbs set to boom20 Apr 2015O’ConnorDunlopHarrisonKambahMacgregorO’Connor, in the north of the capital, is one of Canberra’s high-demand suburbs. With a median house price of $750,000 it is home to a mix of young couples and older families as well as independent youth. The suburb commands a median rent of $495 per week. Homes in O’Connor tend to be detached single dwellings built along leafy, tree-lined streets.SAFullartonTranmereParksideRostrevorLockleysHomes in Parkside spent a median 50 days on the market before sellingWAForrestfieldCoolbellupSouth LakeHigh WycombeSeville GroveWith a median house price of $455,000 and just 15km from the Perth CBD, Forrestfield is in high demand among buyers. Data shows the suburb receives 323 visits per property listing in the past 12 months – well above the WA average of 198 visits per property.TASLenah ValleyWest HobartSouth HobartSandy BayMoonahSandy Bay, south of Hobart, has a median house price of $640,000 and is popular with young people, families and professionalsQLDCentenary HeightsBrinsmeadBrowns PlainsGlenvaleHarristownNestled in the southern suburbs of booming Toowoomba, Centenary Heights is riding the boom currently running through the Queensland city.House Estate Agents Principal Emmy Thies says the established suburbs is attractive to young families.“It’s a leafy green suburbs, really well-built houses and great established trees and parkland. There are also good schools and a nice café strip.”Thies says the Toowoomba market is the best she’s seen it in four years and is offering great opportunities for investors.Fast growing towns: Toowoomba in investors’ sightsNTLeanyerGillenKatherineStuart ParkRoseberyWith a median property house price of $620,000 and an average weekly rent of $620, Leanyer, in Darwin’s northwest, is in high demand from buyers. The suburb recorded 337 visits per property listing in the past 12 months, compared with the NT average of 217.
LATEST STORIES View comments Palace open to make Dengvaxia usable again as dengue cases spike PCSO to focus on improving transparency of gaming activities PLAY LIST 03:26PCSO to focus on improving transparency of gaming activities01:39Sotto open to discuss, listen to pros and cons of divorce bill06:02Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements01:50Palace open to make Dengvaxia usable again as dengue cases spike01:49House seeks probe on ‘massive corruption’ in PCSO01:37PCSO estimates P250M in Lotto revenue loss due to suspension Locsin wants to drop ‘visas upon arrival’ privilege The Carlson Rezidor Hotel Group has been encouraging members to donate Club Carlson Gold Points to the American Red Cross Disaster Relief effort.To encourage donations, Carlson and the Carlson Family Foundation agreed to match donations of up to $10,000. The total amount committed by Carlson and the Carlson Family Foundation is more than $50,000, which will go to relief groups such as Internal Rescue Committee Typhoon Haiyan Fund and American Red Cross Typhoon Appeal.FEATURED STORIESNEWSINFOSenate to probe Tolentino’s ‘novel legal theories’ on oral agreementsNEWSINFOLocsin wants to drop ‘visas upon arrival’ privilegeNEWSINFOPalace open to make Dengvaxia usable again as dengue cases spike“As a responsible business, we believe that we should do what we can to help the communities that we operate in. Club Carlson is among the first few to provide a platform for its loyal members to provide assistance to the affected communities. It is heartening to see Club Carlson members come forward to use their reward points, which they have earned by staying at our hotels, to contribute to this worthy cause. We are grateful for their support and thank them for their generosity. We encourage more members to support this cause,” said Simon Barlow, president, Asia Pacific, Carlson Rezidor Hotel Group. WHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccine Painters refuse to go quietly MOST READ Baybayin revival makes native PH history hip MORE STORIESnewsinfoWHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccinenewsinfoBaybayin revival makes native PH history hipnewsinfoMartial law in Negros? Military taking cue from local execsMORE STORIESnewsinfoWHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccinenewsinfoBaybayin revival makes native PH history hipnewsinfoMartial law in Negros? Military taking cue from local execs Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements Read Next Don’t miss out on the latest news and information. PH protests Chinese boat swarm, warship passage PBA: Rain or Shine overcomes San Miguel, McCullough’s 51 to avert sweep THE CARLSON Rezidor Hotel Group’s Club CarlsonSM members in Asia Pacific donated 20 million loyalty club points through the Club Carlson website in support of the American Red Cross Disaster Relief efforts in the Philippines.The points donated by Club Carlson members are equivalent to more than US$30,000.ADVERTISEMENT