The suburbs where buyers become sellers the fastest

The home at 162 Park Ave, Nirimba, went under contract in October three years after it last sold in 2022. Picture: realestate.com.au

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Homeowners in the Queensland’s speediest re-sell suburbs are listing their properties within just a few year of buying, new data has found.

The latest PropTrack Market Trends report revealed properties were owned for less than four years on average in the 10 markets with the lowest hold periods.

In the Bells Creek house market on the Sunshine Coast, properties were owned for just 1.9 years on average before changing hands, which was the shortest hold period in the state.

The newer suburb has a median house price of $870,500 after an annual increase of 8.1 per cent.

Second place was the neighbouring Nirimba house market, with owners holding onto their properties for 2.3 years average.

This was followed by the house markets in Brisbane’s Pallara (2.5 years) and the Gold Coast’s Stapylton (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 last sold. Picture: realestate.com.au

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AJ Milner, owner of AJ Milner Real Estate and recent Nirimba resident, said the short hold periods in Bells Creek and Nirimba were mostly due to price growth in the region.

“Five years ago the median house price was around $500,000 and now it’s around $900,000,” he said.

“If you bought a first home or investment property and it’s doubled in value, you’re going to see a good return.”

Mr Milner said he recently sold his family home in Nirimba to upsize to neighbouring Banya, and noticed many other residence doing the same as values went up.

“These are young families who made $200,000 or $300,000 on their principal 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, developing infrastructure and a new train station in the works.

“You can live on the southern end of the Sunshine Coast and have a new five-bedroom house with side access and swimming pool for $1.4m,” he said.

“That’s around the price of a post-war home somewhere in Brisbane.”

The property at 191-193 High Rd, Burpengary East, sold for $1,757,500 in October, four years after it last sold. Picture: realestate.com.au

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Place Albany Creek lead agent Daylan Goodsell said the heated market was certainly contributing to low hold periods.

“I’m seeing a lot of people capitalising on the market,” he said.

“They’re able to sell their one-bedroom apartment and move up to a two-bedroom apartment or even a house.

“Investors in the short term rental game, they are paying their mortgages quicker, cashing out and looking to move on to another property.”

Mr Goodsell said it was hard to predict how hold periods would trend in the coming years, especially with property values expected to shoot up around the 2032 Brisbane Olympics.

“People are paying more in anticipation of the economy rising once the Olympics come,” he said.

“Then there’s people holding on for the long term for that expected growth associated with the Olympics.”

Mr Goodsell said the one thing he was certain of was property wasn’t going to go down in value.

“The property market has its spikes and troughs but the trend line has always gone up,” he said.

“We’re in a strong market, properties are selling within seven to 14 days and there is no point holding off on purchasing because the market will always increase.”

The home at 32 Harper St, Pallara, sold for $1.2m in September, three years after it last sold. Picture: realestate.com.au

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QUEENSLAND SUBURBS WITH SHORTEST HELD PERIODS

(SOURCE: PropTrack)