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.
The property market typically slows during the winter months, with activity picking up again at the start of spring.
For home sellers, the advantage of an auction deadline is it creates competition.
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