10 days to sell is the norm in this suburb – realestate.com.au

For people who want to buy something at this hotspot on the east coast, there is no time to lose.

September PropTrack figures show the average time it takes to sell a home in Seven Mile Beach is just 10 days.

Around the same time last year, Seven Mile Beach was Hobart’s fastest suburb. But in 2024, the Market Trends report showed that business was much slower, with an average time to sell of 22 days.

Across Hobart, agents have been reporting a booming market lately for properties in the $600,000 to $750,000 range.

But in Seven Mile, it’s not just the more affordable properties that are selling quickly or drawing crowds. Ambitious houses do that too.

MORE: Homeowners in Hobart’s suburbs never want to leave

‘Stunning’: Benchmark set by the chic Seven Mile Beach home

SOLD: No.30 Lewis Ave, Seven Mile Beach.

---

SOLD: No.30 Lewis Ave, Seven Mile Beach.

---

Peterswald director Harry Coomer listed number 30 Lewis Ave at $1.45 million plus and said competing offers were on the table eight days later.

“It was purchased by a young local family who were looking for a change in lifestyle,” he said.

“Research showed that the building was immediately popular because of its architectural flair.

“People immediately reached out. They were blown away by how incredible it was.

“Most of the homes of this type and character in the area we have sold have been purchased by locals – from middle-aged couples downsizing to families who have upsized. They have been our best buyers.”

MORE: The quirky Tassie wonderland is looking for a new maze master

Have it all: 9 car garage, water views, pool, spa, outdoor kitchen

Peterswald director Harry Coomer.

---

The story was similar for David Gunning, director of EIS Property, who last month put No.42 Woodhurst Rd on the market in the $1.7 million to $1.8 million price range and sold it in about a week.

“Woodhurst sold very quickly, it was gone straight after the first open house,” Mr Gunning said.

“Two local thirty-somethings wanted to buy it and both made a strong offer.

“I was surprised by how quickly it sold.

“The view, north-facing and towards the golf course, was seen as very attractive.”

SOLD: No.42 Woodhurst Rd, Seven Mile Beach.

---

SOLD: No.42 Woodhurst Rd, Seven Mile Beach.

---

Mr Coomer said the size of the suburb and the relatively few homes available to buy contribute to the speed at which homes in Seven Mile Beach are selling.

“There is a strong desire for a community-oriented suburb, an area where you see children riding bikes and where families have Christmas gatherings with their neighbors in the cul-de-sac – and you can find that in this area,” he said.

“As Hobart grows, some areas have lost that community spirit, but Seven Miles Beach has retained elements of it and that is attractive.

“This goes hand in hand with the beach lifestyle. I bet almost everyone who lives there walks on the beach on the weekend.

“It’s an example of a pace of life that is calm and desirable.”

MORE: Moonah shopping center with Good Guys, Burson Auto for sale

The dessert empire’s Salamanca jewel is being auctioned

EIS Property director David Gunning.

---

Mr Gunning said the beach lifestyle is one factor that makes Seven Mile Beach an attractive place to live.

“And it’s only a 15- to 20-minute drive into town,” he said.

“There aren’t many houses coming on the market in this suburb, but our last four or five sales there should have been sold within weeks.

“Buyer demand is always strong.”

---

Angus Moore, executive manager of economics at REA Group, said the time it takes to sell a house is a good measure of how competitive a market is.

“It not only reflects how much demand there is for homes, but also the availability of homes for buyers to choose from,” he says.

“When homes sell faster, it indicates there are more buyers for a given home and more competitive conditions.

“It doesn’t always correlate perfectly, but it’s a useful summary measure.”