The house at 162 Park Ave, Nirimba, went under contract in October, three years after it last sold in 2022. Photo: realestate.com.au
Homeowners in Queensland’s fastest-selling suburbs are listing their properties within just a few years of purchasing, new data shows.
The latest PropTrack Market Trends report found that properties were held for less than four years on average in the 10 markets with the lowest holding periods.
In the Bells Creek housing market on the Sunshine Coast, properties were owned for an average of just 1.9 years before changing hands, which was the shortest period in the state.
The newer suburb has a median home price of $870,500, following an annual increase of 8.1 percent.
In second place was the neighboring housing market in Nirimba, where owners held on to their properties for an average of 2.3 years.
This was followed by the Pallara housing markets in Brisbane (2.5 years) and Stapylton on the Gold Coast (2.9 years), and the Glenvale unit market in Toowoomba (2.9 years).
The home at 13 Jackson Ct, Dinmore, sold for $615,000 in December 2024, six years after it was last sold. Image: realestate.com.au
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AJ Milner, owner of AJ Milner Real Estate and recent Nirimba resident, said the short wait times in Bells Creek and Nirimba were mainly due to price growth in the region.
“Five years ago the average home price was around $500,000 and now it is around $900,000,” he said.
“If you have bought a first home or investment property and it has doubled in value, you will achieve a good return.”
Mr Milner said he recently sold his family home in Nirimba to upsize to neighboring Banya, and noticed many other properties doing the same as values rose.
“These are young families who have made $200,000 to $300,000 on their primary home and are making the choice to upgrade,” he said.
Mr Milner said while prices in the area continued to rise, the local market offered good value compared to Brisbane and the Gold Coast, as well as modern properties, infrastructure development and a new train station in the works.
“You can live on the south side of the Sunshine Coast and have a new five-bedroom house with side access and a pool for $1.4 million,” he said.
“That’s about the price of a post-war house somewhere in Brisbane.”
The property at 191-193 High Rd, Burpengary East, sold for $1,757,500 in October, four years after it was last sold. Image: realestate.com.au
Daylan Goodsell, chief agent at Place Albany Creek, said the heated market has certainly contributed to low wait times.
“I see a lot of people capitalizing on the market,” he said.
“They can sell their one-bedroom apartment and move to a two-bedroom apartment or even a house.
“Investors in the short-term rental game are paying their mortgages faster, cashing out and looking to move to another property.”
Mr Goodsell said it is difficult to predict how holding periods will develop in coming years, especially with property values expected to rise around the 2032 Brisbane Olympics.
“People are paying more in anticipation of a rising economy once the Olympics come,” he said.
“Then there are those who will hold on to the expected growth that comes with the Olympic Games for the long term.”
Mr Goodsell said the only thing he was sure of was that properties would not fall in value.
“The real estate market has its peaks and valleys, but the trend line has always been up,” he said.
“We are in a strong market, properties are selling within seven to 14 days and there is no point in waiting to buy as the market will always increase.”
The house at 32 Harper St, Pallara, sold for $1.2 million in September, three years after it was last sold. Image: realestate.com.au
QUEENSLAND SUBURBS WITH THE SHORTEST PERIODS
| SUBURB | REGION | PROPERTY TYPE | MEDIAN SALE PRICE | AVERAGE YEARS |
| Bells Creek | Sun Coast | H | $870,500 | 1.9 |
| I sing | Sun Coast | H | $844,500 | 2.3 |
| Pallara | Brisbane – South | H | $945,000 | 2.5 |
| Stapylton | Gold Coast | H | $420,000 | 2.9 |
| Glenvale | Toowoomba | YOU | $530,000 | 2.9 |
| Mount Peter | Cairns | H | $665,000 | 3.0 |
| Yarrabilba | Logan – Beaudesert | H | $719,500 | 3.5 |
| Burpengary East | Moreton Bay – North | YOU | $555,000 | 3.6 |
| Dinmore | Ipswich | YOU | $509,000 | 3.7 |
| Beaudesert | Logan – Beaudesert | YOU | $535,000 | 3.8 |
| They try | Sun Coast | H | $840,000 | 3.9 |
(SOURCE: PropTrack)
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