Which NSW suburbs top national best-seller list?
Which NSW suburbs top national best-seller list?
Posted on Tuesday, April 01 2014 at 8:59 AM
While New South Wales can lay claim to Australia’s most in-demand markets, there was a strong showing by most states according to property website, realestate.com.au.
Arthur Charlaftis, a general manager at realestate.com.au, says their
data shows which suburbs have become the nation’s most watched markets.
“The top sellers’ markets looks at supply and demand in each suburb and
ranks the suburbs accordingly.
“A position in this list suggests that it could be a good time for
property owners in these areas to consider selling as there are a high number
of buyers looking for property in that suburb.”
The ranking is based on realestate.com.au’s internal data from December
2013 to February 2014 and relies on taking the average number of listings in
each suburb over that period.
The website then compares the number of clicks on property listings
against the number of available properties in that suburb to create a supply
versus demand ratio.
Suburbs are then ordered by the extent to which demand outstrips supply.
NSW had the most number of suburbs in the top 10 ranking, filling four
of the positions.
Coming in at number one is Balgowlah, about 10 kilometres north of the
Sydney CBD.
South Australia claimed two of the top 10 spots, compared to five last
quarter, while Victoria had three in the national list.
The Queensland suburb of Holland Park was the state’s only finalist,
coming in eighth.
Three Victorian suburbs have entered the national list this quarter,
compared to the website’s previous analysis.
Of all the suburbs, eight are newcomers with Balgowlah, Albert Park,
Frenchs Forest, Brighton, Fitzroy North, Holland Park, Ormond and Engadine all
making their first appearance.
Norwood in SA slipped from second position last quarter to third this
quarter, while Cherrybrook in NSW moved up from ninth to fifth.
The realestate.com.au top sellers’ markets for the three months are:
1. Balgowlah (NSW)
2. Albert Park (Vic)
3. Norwood (SA)
4. Frenchs Forest (NSW)
5. Cherrybrook (NSW)
6. Brighton (SA)
7. Fitzroy North (Vic)
8. Holland Park (Qld)
9. Ormond (Vic)
10. Engadine (NSW)
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