Darwin takes the longest time to sell property: CoreLogic

Darwin takes the longest time to sell property: CoreLogic
Darwin takes the longest time to sell property: CoreLogic

Darwin properties are taking the longest time to sell, according to CoreLogic’s latest weekly report.

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Darwin takes the longest time to sell property: CoreLogic

The property advisory firm says that the average time to sell a house in Darwin is 127 days while for units it takes 113 days.

In contrast, in Sydney it takes 26 days to sell a house while for units it takes 27 days to sell.

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Darwin takes the longest time to sell property: CoreLogic

NSW’s month on month change for mortgage market activity has increased by 13% resulting in an index value of 191.

However for a month on month trend it has declined by 0.4%.

In Tasmania, both month on month and trend has increased with a 10% increase for month on month and 3% in trends resulting in an index value of 92.

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Darwin takes the longest time to sell property: CoreLogic

South Australia has the biggest increase in listing market activity with an increase of 22% along with a seasonal increase of 4%.

The listing market activity in Victoria has declined by 3% despite a seasonal increase of 0.4%.

Tags: 
Property market Corelogic

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