The suburbs where home are selling faster across Brisbane

Several surprise suburbs across the city are selling their homes weeks faster than they would have in previous years.

With demand moderating and supply increasing, homes are taking longer to sell than a year ago. Despite this, demand for several Brisbane suburbs is on the rise, with properties selling over three weeks faster in some areas compared to December 2023.

According to new data from PropTrack, the national median days on market was 32 days for houses and 31 days for units in December 2024. This reflects longer listing times on realestate.com.au compared to the 28 and 27 days reported in the previous year.

While the time it takes to sell houses and units in Brisbane has increased by five and six days respectively, they’re still selling much faster than the national median. Picture: TEQ

In Brisbane, the time it takes to sell both houses and units has respectively increased by five and six days over the past year, which is consistent with national trends.

However, houses and units in Brisbane are still selling faster than the national median, averaging just 23 days and 21 days on the market respectively, reflecting the city’s ongoing appeal with buyers.

While the broader trend shows that properties are remaining on the market for longer, there are many suburbs in the city where homes are being purchased in fewer days than a year prior.

54 Deenya Pde, Russell Island. Russell Island is one of the suburbs where homes sold faster in December 2024, compared to that time last year.

Russell Island, Ormiston and Edens Landing were among the suburbs where houses sold faster in December 2024 compared to December 2023, with sales times reduced by 27, 19 and 18 days, respectively.

Logan Village and Carseldine also grew in popularity among house buyers, with properties respectively selling 18 and 12 days faster.

In Mango Hill, Morayfield, and Auchenflower, units sold significantly faster, reducing their market time by 11, 6, and 5 days, respectively, compared to December 2023.

Sale times for units in Mount Gravatt East and Cleveland also had notable reductions, with both experiencing decreases of 5 days.

PropTrack economic analyst Megan Lieu said the delay in interest rate cuts may have eased the demand for homes near the start of 2025.

The easing of demand, likely driven by later-than-expected interest rate cuts and an improvement in the number of homes for sale, have led to a shift towards a more balanced market.

While the days on market are still lower than pre-pandemic times, they have increased in recent months, and we anticipate that this trend will persist if current market conditions continue.

Megan Lieu is an Economic Analyst at REA Group’s PropTrack.

Originally published as The suburbs where home are selling faster across Brisbane