Demand for certain Brisbane suburbs is surging, with properties selling over three weeks faster in some areas compared to December 2023.
According to PropTrack’s latest data, the national median days on market for December 2024 was 32 days for houses and 31 days for units—longer than the 28 and 27 days recorded the previous year.
In Brisbane, selling times for both houses and units increased by five and six days, respectively, over the past year, mirroring national trends. However, Brisbane properties continue to sell faster than the national median, averaging just 23 days for houses and 21 days for units. This reflects the city’s sustained appeal to buyers.
Despite the overall trend of longer listing times, several Brisbane suburbs have seen homes selling even faster than the previous year.
- Houses:
- Russell Island: Sales times dropped by 27 days.
- Ormiston: Sales times reduced by 19 days.
- Edens Landing: Sales times decreased by 18 days.
- Logan Village and Carseldine: Houses sold 18 and 12 days faster, respectively.
- Units:
- Mango Hill: Sales times fell by 11 days.
- Morayfield: Reduced by 6 days.
- Auchenflower, Mount Gravatt East, and Cleveland: Units sold 5 days faster in each area.
The housing market is gradually balancing, driven by delayed interest rate cuts and an improved supply of homes for sale. Although current market conditions are keeping days on market shorter than pre-pandemic levels, recent months have shown an increase in selling times—a trend likely to continue.
