According to Ray White Group, the national median time to sell a house has stabilised at 31 days, though market conditions vary dramatically across different regions.
“Perth leads Australia as the fastest-selling capital city, with houses taking just 13 days to sell,” Atom Go Tian, Senior Data Analyst at Ray White Group said.
“While this is up slightly from nine days last year, it still represents a decade low.
“The numbers are remarkable: 76 per cent of Perth suburbs sell within 0-14 days, and another 21 per cent sell within 15-30 days.”
This means nearly all Perth properties (97 per cent) typically sell within a month, demonstrating a complete market transformation from buyer-dominated to intensely seller-favoured.
Perth now claims eight of the top 10 fastest-selling suburbs nationally.
Brisbane follows as the second-fastest market with a median of 21 days to sell, showing strong overall health with 83 per cent of suburbs maintaining healthy selling conditions.
“Brisbane shows remarkable consistency, with five suburbs selling within 8-9 days across a tight price band of $522,500 to $750,000,” Mr Tian said.
Adelaide has emerged as Australia’s most representative property market, maintaining the smallest difference from national averages over the past decade.
“Adelaide’s median days on market has remained remarkably stable around the 32-day mark over the last three years, showing minimal volatility compared to other capitals,” he said
Three capital cities are experiencing increasing median days on market with Sydney, Hobart, and Melbourne, each approaching their decade highs but with different underlying factors.
Sydney has slowed significantly from 25-30 days a decade ago to its current 34 days.
However, the research revealed an interesting pattern in the harbour city.
“Sydney’s three fastest suburbs – Bow Bowing, Fairlight, and Werrington County – all cluster around 7-9 days, but their price ranges vary dramatically from $915,000 to $3.4 million for Fairlight,” Mr Tian said.
“This suggests that even in expensive markets, premium suburbs can achieve reasonable selling times when priced appropriately.”
Melbourne currently sits at 36 days, placing it among the slower-selling capitals, though the trend suggests a return to its normal range of around 30 days.
Hobart has experienced the most extreme market swings of any capital city over the past decade, starting at 34 days in 2015, dropping to single digits during the mid-to-late 2010s, and now returning to 35 days.
“Despite this volatility, Hobart demonstrates that pockets of exceptional performance can exist even in volatile markets,” Mr Tian said.
“Seven Mile Beach ($1.04 million) shares top spot as Australia’s fastest-selling suburb in just 6 days.”
Canberra and Darwin have consistently been the slowest markets over the last decade, with current medians of 47 and 54 days respectively.
The analysis revealed Canberra has a unique selling pattern with 68 per cent of suburbs selling in the 31-60 day period, suggesting “a very methodical, deliberate market rather than a distressed one.”
Darwin, while the slowest market nationally, has actually improved significantly from peaks of over 70 days in recent years to reach what is now a decade-low median of 54 days.
The research concluded that understanding these regional variations is crucial for sellers setting realistic expectations when entering the market, as timing can vary dramatically depending on location.
