Top 10 fastest selling suburbs in Australia (houses and units)

With a national housing shortage and an increasing demand on residential property across Australia, we take a look at which suburbs have the fastest selling stock and lowest average days on market.

The results are based on the average number of days it has taken to sell those properties sold by private treaty sale during the 6 month period ending March 2014. The calculation excludes auction listings. The days on market calculation uses the contract date on the property compared with the first advertised date.

1. Old Toongabbie, Parramatta, Sydney, NSW

Property type: House   |   Time on market: 12 days

Old Toongabbie is located approximately 29 kilometres west of the Sydney CBD. In 2011, 86.6 per cent of homes in Old Toongabbie were owner-occupied.

2. Coolbellup, Cockburn, Perth, WA

Property type: House   |   Time on market: 13 days

Coolbellup is located approximately 15 kilometres south of the Perth CBD. In 2011, 60.2 per cent of homes in Coolbellup were owner-occupied.

3. Lynwood, Canning, Perth, WA

Property type: House   |   Time on market: 13 days

Lynwood is a south-eastern suburb of Perth, located approximately 17 kilometres from the Perth CBD. In 2011, 73.1 per cent of homes in Lynwood were owner-occupied.

4. Parklea, Blacktown, Sydney, NSW

Property type: House   |   Time on market: 13 days

Parklea is located approximately 40 kilometres north-west of the Sydney CBD. In 2011, 74.8 per cent of Parklea homes were owner-occupied.

5. Quakers Hill, Blacktown, Sydney, NSW

Property type: Unit   |   Time on market: 13 days

Quakers Hill is located approximately 40 kilometres west of the Sydney CBD. In 2011, 73.1 per cent of Quakers Hill homes were owner-occupied.

6. West Gosford, Gosford, Sydney, NSW

Property type: Unit   |   Time on market: 14 days

West Gosford is located in the Central Coast region of New South Wales. In 2011, 43.9 per cent of homes in West Gosford were owner-occupied.

7. Willoughby, Willoughby, Sydney, NSW

Property type: Unit   |   Time on market: 14 days

Willoughby is located on the North Shore of Sydney, approximately 8 kilometres north of the Sydney CBD. In 2011, 70.5 per cent of homes in Willoughby were owner-occupied.

8. Lalor Park, Blacktown, Sydney, NSW

Property type: House   |   Time on market: 14 days

Lalor Park is located approximately 35 kilometres west of the Sydney CBD. In 2011, 61.4 per cent of Lalor Park homes were owner-occupied.

9. Werrington Downs, Penrith, Sydney, NSW

Property type: House   |   Time on market: 15 days

Werrington Downs is located approximately 52 kilometres west of the Sydney CBD. In 2011, 84.9 per cent of homes in Werrington Downs were owner-occupied.

10. Lane Cove North, Lane Cove, Sydney, NSW

Property type: Unit   |   Time on market: 16 days

Lane Cove North is located approximately 11 kilometres north-west of the Sydney CBD. In 2011, 58.0 per cent of homes in Lane Cove North were owner-occupied.

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