Here’s where properties are selling the fastest in Melbourne


The Melbourne property market is on fire, fuelled by pent-up demand after a number of months of lockdown, at a time when interest rates are at historical lows.

Established home buyers are out looking to upgrade, first home buyers are looking to get into the market and investors are slowly returning to the housing market. Propertyupdate Victorian Property Melbourne

Recently Domain reported the Melbourne suburbs where properties are selling the fastest.

It’s not surprising that it’s the lower end of the market that has seen the most dramatic reduction in the time required to sell a property, with more first home buyers taking advantage of the various incentives available including stamp duty discounts.

Now just to make things clear…

I’m not suggesting that these are the locations where you should be looking to buy an investment property, but I find the following tables of Days on Market a useful insight into the mood of our property markets which are currently being fuelled by FOMO (fear of missing out.)

Change in days on market for houses

This data compares the days on market (how long it takes to sell a property)between January 2020 and January 2021 for private treaty sales only.

It does not include data on auction campaigns.

RegionJanuary 2020January 2021Percentage rise/fall
Darebin – South12446-62.90%
Brunswick – Coburg7246-36.10%
Nillumbik – Kinglake6058-3.30%
Yarra Ranges525913.50%
Whitehorse – East486025.00%
Stonnington – East376062.20%
Glen Eira526117.30%
Melbourne City556314.50%
Source: Domain

Change in days on market for units

Just like with houses, Domain reports that there are some regions where units are selling quicker (days on market are falling), and other locations where it is taking longer for units to sell.

Region January 2020 January 2021Percentage rise/ fall
Darebin – South11055-50.00%
Glen Eira8064-20.00%
Port Phillip10067-33.00%
Stonnington – East7671-6.60%
Casey – North7774-3.90%
Hobsons Bay10075-25.00%
Whitehorse – East487760.40%
Source: Domain

Now is the time to take action and set yourself up for the opportunities that will present themselves in property this year.

Metrople Team

Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.

You can trust the team at Metropole to provide you with direction, guidance, and results.

Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi-award-winning team at Metropole.

We help our clients grow, protect and pass on their wealth through a range of services including:

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Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
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