South Australia’s Parkside takes out top spot, but who else made the cut? Top 10 sellers’ markets

South Australia’s Parkside takes out top spot, but who else made the cut? Top 10 sellers’ markets
South Australia’s Parkside takes out top spot, but who else made the cut? Top 10 sellers’ markets

The Top Sellers’ Markets from realestate.com.au has seen Parkside, South Australia take out top billing.

Parkside also received the top honour in August 2013, while it came in second in May this year.

However, New South Wales was also highly represented on the total list, with two Victorian suburbs scraping a mention, and another South Australian area in third place.

The data compares the number of people looking per listing, to come up with the top sellers’ markets.

The August 2014 top 10 list:

  1. Parkside, SA

  2. Cherrybrook, NSW

  3. Norwood, SA

  4. Winston Hills, NSW

  5. East Melbourne, VIC

  6. Engadine, NSW

  7. South Penrith, NSW

  8. Bella Vista, NSW

  9. Drummoyne, NSW

  10. Surrey Hills, VIC

May 2014 (previous quarter) saw the following take out the top spots:

  1. Albert Park, VIC

  2. Parkside, SA

  3. Freshwater, NSW

  4. Belair, SA

  5. Blackburn North, VIC

  6. Kirrawee, NSW

  7. Cherrybrook, NSW

  8. Norwood, SA

  9. Balgowlah, NSW

  10. Holland Park, QLD

August 2013 (one year prior)

  1. Parkside, SA

  2. Freshwater, NSW

  3. Belair, SA

  4. Newmarket, QLD

  5. Surrey Hills, VIC

  6. Ashwood, VIC

  7. Blackburn South, VIC

  8. Fitzroy North, VIC

  9. Stanmore, NSW

  10. Fullarton, SA

Comparing the quarters, South Australia have moved up as Victoria has fallen a little out of favour. Queensland has completely dropped off the top 10.

Parkside has been in the top spot for six times over the past 10 quarters, while South Australia’s Malvern has also been first in two consecutive quarters.

General manager of sales and operations at realestate.com.au Arthur Charlaftis said increased buyer interest is the metric behind the result.

“Top Sellers’ Markets data is derived from the supply and demand in each suburb and ranks the suburbs based on the ratio of buyer demand. A suburb that features 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 searching for property in that area,” said Charlaftis.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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