Property selling faster in Perth in December 2012 than December 2011

There was a marked decrease in the amount of time it took to sell property in Perth in December 2012 compared with December 2011, according to Australian Property Monitors.

Perth property took an average of 125 days to sell in December 2011, but in December 2012 that number had dropped to 104 days.

The APM report on the number of days on market indicator recorded an increase across 2012 in all other capitals except Canberra, where it remained steady at 78 days.

The biggest increase was in Brisbane, where the number of days on market increased 14%, from 120 days in December 2011 to 137 days in December 2012. 

In the December 2012 month Hobart's rate of sale quickened, but Brisbane fell back noticeably. In December 2012 Sydney's days on market stayed about the same, while in Melbourne it took an average of five days more to sell than in November 2012. 

The latest Darwin December 2012 figure dropped in an unusual way, suggesting it might not yet be considered a permanent realignment.