Houses Selling Within a Month

It only takes about 31-32 days to sell a home in Sydney and Melbourne, says a new report by data firm
CoreLogic. This is down from 70 days in January and February earlier this year.

In Sydney, property sold within 32 days in September this year, compared with 46 days in 2012. In Melbourne, the average sale period is 31 days, down from 62 days five years ago.

CoreLogic analyst Cameron Kusher says Sydney and Melbourne remain the most popular cities to buy in Australia and prices are unlikely to fall next year even though forecasters believe more new properties will come on to the market.

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