Homebuyers are snapping up houses in Australia’s hottest suburbs in record time, with properties selling by as much as 78% faster than a year ago.
New PropTrack data has revealed the top 10 suburbs in every capital city where the median number of days on market (DOM) has declined the most over the past 12 months.
Experts predicted interest rate cuts of at least 25 basis points in 2024 … but they haven’t happened.
Australians spent the most money ever buying property last year despite higher-for-longer interest rates and high house prices.
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