WHEN Steve Carroll put his family home on the market, he suspected it wouldn’t take long to find a buyer.
And his hunch was spot on the money with the classic 1950s weatherboard house in Warrane sold at its first open home.
“We thought it would sell pretty quickly, but that was a great result,” he said.
“Part of the reason would be the convenient location. Another part might be that we were not greedy with the price.
“I think it is better to put a reasonable price on a property instead of waiting months and months trying to sell for a higher price.”
Mr Carroll said his parents had lived in the house for 63 years and had bought it new.
“Warrane is changing, there is no one left in the street now from that era,” he said.
In the latest CoreLogic data, Eastern Shore suburb Warrane was ranked Australia’s No.1 in the houses category with the lowest days on market figure.
On average, it took just eight days on the market to sell a Warrane house in the 12 months to August.
The only faster market was the unit sector in Bulgarra, WA, at five days.
September quarter data from the REIT shows a time-on-market slowdown across greater Hobart, from 20 days last year to 27.
However, there are pockets of Hobart that are still setting a cracking pace.
Following Warrane, 17 Tasmanian property markets are selling, on average, between nine and 11 days, according to CoreLogic data.
LJ Hooker sales consultant Ben Ayers said the classic Warrane home that has been updated and renovated was now fetching in the low $400,000s range.
Blocks that are larger than 650sqm with the potential to build a unit in the backyard are “hot property”, he said.
“Warrane is ideal for young people looking to get into the market and for older buyers looking for somewhere flat, relatively affordable and close to shops, parks and buses,” Mr Ayres said.
“For similar properties in neighbouring Bellerive, Rosny or Lindisfarne, buyers would be paying hundreds of thousands more than they do in Warrane.
“There is also a good opportunity to make a return on investment here with the suburb’s strong rental yields.”
Suburbs where the days on market figures were just one day slower than Warrane include Gagebrook, Mornington and Chigwell (houses) plus Rosetta and Lindisfarne (units).
Suburb, days on market, sales, median
Warrane, 8, 40, $348,500
Gagebrook, 9, 24, $210,000
Mornington, 9, 39, $414,599
Chigwell, 9, 49, $320,000
Howrah, 10, 149, $540,000
Seven Mile Beach, 10, 21, $588, 750
Trevallyn, 10, 94, $363,000
Rokeby, 11, 80, $322,500
Cremorne, 11, 16, $742,500
Bulgarra, WA, 5, 23, $123,000
Lindisfarne, 9, 27, $451,000
Rosetta, 9, 12, $278,500
Howrah, 10, 46, $415,000
Oakdown,s 10, 30, $375,000
Old Beach, 11, 15, $355,000
Austins Ferry, 11, 20, $321,940
Lutana, 11, 17, $328,000
West Moonah, 11, 22, $356,500
Huonville, 11, 15, $285,000