Ararat the slowest Victorian locality to sell units: Investar
Ararat is the slowest locality in Victoria to sell a unit, according to a recent Investar report.
The property data firm says that it takes 849 days in Ararat to sell a unit.
This is followed by Portland with 695 days and Kyabram with 594 days.
Suburb | Postcode | Bedrooms | Days on market | Current median price |
Ararat | 3377 | 2 | 849 | $215,000 |
Portland | 3305 | 2 | 695 | $175,000 |
Kyabram | 3620 | 2 | 594 | $185,500 |
Cowes | 3922 | Studio and 1 | 581 | $235,000 |
Bairnsdale | 3875 | 3 | 574 | $295,000 |
A two bedroom unit at 6/27 Basham Street, Ararat (above) has been on the market since 2011.
Another two bedroom unit at 6/130 Lambert Street, Ararat (below) was sold this year for $147,000 after spending 480 days on the market.
Built in 1975, it last sold in 2010 for $145,000.