Perth has been revealed as home to six of the top 10 Australian capital city suburbs where houses require the longest average time to sell, according to RP Data.
The list, compiled using RP Data’s December suburb data, revealed that Brisbane and Sydney suburbs also featured in the top 10, with two suburbs each.
Topping the ranking of capital city suburbs with the longest selling period was Holmview, a suburb 29km from the Brisbane city centre, where houses are on the market for an average 229 days.
Other suburbs included Perth locations Highgate and Hernie Hill, where properties are on the market for periods exceeding 220 days, on average.
Including regional towns and cities, Ouyen, a small town 441km north-west of Melbourne, emerged as the number one suburb in all of Australia for the length of time that properties are on the market, with an average 324 days on the market.
Known as a centre for the Victorian grain farming industry, Ouyen’s small population and relative obscurity, mean it is not surprising that the suburb holds this distinction, despite an affordable median house price of $120,000.
The data included only suburbs where the median selling price was under $1m.
Longest time on market in capital cities:
|
Suburb |
Median house price |
12 month growth |
Time on market (days) |
|
HOLMVIEW, QLD |
$320,000 |
-6% |
229 |
|
HIGHGATE, WA |
$320,000 |
-17% |
228 |
|
HERNE HILL, WA |
$745,000 |
n.a. |
225 |
|
DANGAR ISLAND, NSW |
$770,000 |
0% |
216 |
|
OAKFORD, WA |
$841,500 |
-9% |
187 |
|
BURNS BEACH, WA |
$862,500 |
-4% |
186 |
|
KILLCARE, NSW |
$720,000 |
-32% |
186 |
|
EAST PERTH, WA |
$957,500 |
-2% |
178 |
|
HOVEA, WA |
$967,500 |
n.a |
173 |
|
KARANA DOWNS, QLD |
$427,500 |
-1% |
173 |
Source: RP Data, Dec
Longest time on market nationally:
|
Suburbs |
Median house price |
12 month growth |
Time on market (days) |
|
OUYEN, VIC |
$120,000 |
17% |
324 |
|
JAMBEROO, NSW |
$485,000 |
-1% |
235 |
|
MOUNT BARKER, WA |
$245,000 |
-19% |
231 |
|
RIVER HEADS, QLD |
$362,500 |
-2% |
231 |
|
HOLMVIEW, QLD |
$320,000 |
-6% |
229 |
|
HIGHGATE, WA |
$693,750 |
-17% |
228 |
|
HERNE HILL, WA |
$745,000 |
n.a |
225 |
|
BAROOGA, NSW |
$257,500 |
24% |
225 |
|
SAPPHIRE BEACH, NSW |
$552,500 |
0% |
224 |
|
PARADISE BEACH, VIC |
$143,000 |
19% |
221 |
Source: RP Data, Dec
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