Sell with Confidence
Read More
News

Darwin suburbs with the shortest selling time

By Lianna Georges

According to research from CoreLogic RPData specific suburbs have recorded noticeably shorter selling times than others in the current market.

The average time on market figure is measured by the difference between the initial listing date of a property for sale and the contract date. The figure highlights the rate of sale in a market.

If the days on market are short it is typically indicative of a seller’s market where homes are selling rapidly and buyers have little time to ponder a purchase decision. Alternatively, when the average selling time starts to rise, buyers will typically have more scope to deliberate their decision and negotiate on the purchase price.

Short selling times typically coincide with rising prices and long selling times generally see less upwards price pressures.

In most cities it is either the more affordable of ‘middle’ priced suburbs where the rate of sale is quickest, showing that those areas with the largest pool of buyers are typically going to achieve sales quicker.

The suburbs with quickest selling times in Darwin are as follows:

HOUSES
Wagaman – $540,000 – 51 days
Nakara – $638,500 – 59 days
Moil – $560,000 – 61 days
Farrar – $640,000 – 67 days
Bakewell – $520,000 – 72 days

UNITS
Bayview – $690,000 – 66 days
Coconut Grove – $406,150 – 69 days
Brinkin – $405,000 – 73 days
Millner – $450,000 – 77 days
Bakewell – $400,000 – 78 days

Sourced from Realestate.com.au with data supplied by CoreLogic RPData
For further information visit http://www.realestate.com.au/blog/sellers-market-suburbs-with-the-shortest-sale-times/?rsf=edm:marketupdate:aug:2015:a6:c

Up to Date

Latest News

  • Darwin Market Outlook – 2020

    January has got off to a flying start for the Darwin rental market with a clear increase in tenant activity evident from increases across the board in open inspection attendance and enquiry. All very positive signs to kick off the year. In the month of January Ray White Darwin saw … Read more

    Read Full Post

  • What To Expect When Leasing in The Wet Season

    It’s no secret that the wet season is that time of year most landlords like to avoid when it comes to leasing, of course there are many reasons for this but have you considered that there might also be some positive aspects of leasing at this time of year? Below … Read more

    Read Full Post