{"id":31633,"date":"2021-04-09T13:10:33","date_gmt":"2021-04-09T01:10:33","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31633"},"modified":"2021-04-09T13:10:33","modified_gmt":"2021-04-09T01:10:33","slug":"hardest-place-to-buy-a-home-in-australia","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hardest-place-to-buy-a-home-in-australia\/","title":{"rendered":"Hardest place to buy a home in Australia"},"content":{"rendered":"<p><strong>PHOTO: Houses are selling at record speeds due to short supply<\/strong><\/p>\n<p class=\"description\">Australian residential properties are selling at record speeds while in short supply, with the average number of days homes are listed for sale on a popular website hitting record lows in every state in March.<\/p>\n<div class=\"story-content\">\n<p>According to the latest monthly housing indicators report by realestate.com.au\u2019s owner <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=REA+Group&amp;submit=Search\">REA Group<\/a>, dwellings were listed for 48 days on average last month, down from about 60 days in January and 71 days in June last year.<\/p>\n<p>Properties sold the fastest in the ACT \u2013 where demand has been buoyed by growth in public sector employment \u2013 at just 25 days.<\/p>\n<p>Following close behind was NSW (27 days) and Victoria (30 days).<\/p>\n<p>REA Group says average views per listing have also been surging, with every state hitting record highs in March.<\/p>\n<p>Nationally, views per listing were up 6.1 per cent over the month and 106.8 per cent year-on-year.<\/p>\n<div class=\"w650 h365 image media\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" class=\" image-loaded\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/752da20fc833951973341735bd155a63?width=650\" alt=\"With borrowing costs at record lows, buyers are seeking bigger, more expensive properties like this one in Alderley, Brisbane. Picture: Lyndon Mechielsen\/The Australian\" width=\"650\" height=\"365\" data-src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/752da20fc833951973341735bd155a63?width=650\" \/><\/div>\n<p class=\"caption\"><em><strong>With borrowing costs at record lows, buyers are seeking bigger, more expensive properties like this one in Alderley, Brisbane. Picture: Lyndon Mechielsen\/The Australian <span class=\"image-source\">Source: News Corp Australia<\/span><\/strong><\/em><\/p>\n<\/div>\n<p>The report\u2019s author, economist Anne Flaherty, says the red-hot growth could be attributed to factors including record low borrowing costs, government support packages for first-home buyers and limited available stock.<\/p>\n<p>\u201cBuoyed by low rates, buyers are searching for more expensive properties than they were a year ago,\u201d Ms Flaherty said.<\/p>\n<p>\u201cThey are also looking for more space, with inquiries for houses and land surging, while demand for units has softened.\u201d<\/p>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/buying\/australian-housing-selling-at-record-speeds-buyers-seeking-more-expensive-property-amid-cheap-loans\/news-story\/5bd6a0b2f4c154b1df59c3be77b36567\">NEWS.COM.AU<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul 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This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hardest place to buy a home in Australia - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/hardest-place-to-buy-a-home-in-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hardest place to buy a home in Australia - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Houses are selling at record speeds due to shortRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/hardest-place-to-buy-a-home-in-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" 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