Brisbane's Housing Market Heats Up: Walloon Homes Sell in Just 14 Days

Brisbane's property market is experiencing a surge in demand, with houses in some suburbs selling at lightning speed. Walloon, an outer Brisbane suburb, leads the pack with homes flying off the market a staggering 67% faster than they did a year ago.

Houses Gone in a Flash: Previously, houses in Walloon spent an average of 43 days on the market. Now, that number has plummeted to just 14 days, highlighting the intense competition among buyers. This trend reflects a broader national phenomenon, with Melbourne's Hurstbridge also experiencing a significant decrease in days on market.

Affordability and Location Driving Demand: Real estate agent Megan Acutt attributes Walloon's appeal to its affordability and strategic location. The suburb offers easy access to Brisbane and Toowoomba via major highways, while remaining close to the Amberley air base with its sizable workforce. Additionally, Walloon boasts properties priced under the $800,000 first-home buyer stamp duty discount threshold, making it an attractive option for many.

Market Insights: Acutt emphasizes the importance of proper presentation and pricing for sellers in this hot market. Homes meeting these criteria can experience quick sales, sometimes within the first open house. With median house prices already showing a significant increase of nearly 20% year-on-year, Walloon's housing market shows no signs of slowing down.