WHERE PROPERTIES ARE SELLING THE FASTEST AND SLOWEST IN 2021

Strength in Australia‚Äôs residential property market has proven to be somewhat of a global phenomenon during the COVID-19 health crisis. 

Factors such as anchored historic low interest rates have indeed assisted, with residential property prices surging on the back of strong demand and limited supply. 

One of the big changes recorded on realestate.com.au is the shorter length of time properties are remaining on site, further highlighting robust demand and competition for stock. 

In June 2021, the typical days on site for properties for sale was 38 days compared to 71 days in June 2020 and 67 days in June 2019.  

Across every capital city and rest of state region, days on site for properties for sale was lower in June 2021 than it was in June 2020. It is the same case when comparing June 2021 to June 2019, with regional Northern Territory the only exception. 

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