Kingsbury top Victoria's 10 fastest selling suburbs: RP Data
Kingsbury, a suburb 12-kilometres north east of the CBD – and with a median house price of $435,000 – is Victoria’s fastest selling suburb with an average of 30 days on the market.
Then the home to the world famous Melbourne Cup, Flemington comes in a close second with an average of 31 days on the market and a median house price of $640,000.
Third place is a draw between Croydon South and Tullamarine with an average of 33 days on the market.
Croydon South - 30 kilometres east of the CBD - has a median house price of $435,500
With hundreds of planes coming and going everyday at Victoria's main airport, Tullamarine has a median house price of $387,500, in fourth fatest selling location.
A three-bedroom house at 50 Flag Street Kingsbury was first listed for sale on June 19 2012.
It snappily sold 16 days later for $411,000 on July 4.
A property located at 10 Club Avenue Kingsbury was first listed for sale on September 10 2012.
The listing ended on October 31 – a total of 52 days on the market - after securing a $400,000 sale.
And a property at 105 Fairway Kingsbury sold after 35 days on the market.
It was first listed on June 10 2012 and secured a $402,000 sale on July 14.
However, located in Victoria's high country, Mount Beauty – with a median house price of $155,000 – is Victoria’s slowest selling suburb with a whopping average of 232 days on the market
The best of everything at Portside Wharf
The Mark at Sydney's Central Park
New data confirms two things we’ve been tipping: the decline of Gladstone and the rise of Rockhampton.
Brought to you by: Caydon
Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.
The schools that ate Sydney: no stopping prestige school expansion as they buy up the neighbourhoods
Consumer confidence, funding and lack of development sites the biggest challenges for commercial property businesses: NAB index