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The Aussie state where it takes the longest to sell a property

Hot property markets across the country mean properties aren't up for sale long before they're snapped up by new buyers.

Also read: Is property investor activity accelerating once again?

In Sydney it takes approximately 26 days to sell a house and 27 days to sell a unit, according to CoreLogic Data as prices and demand booms and first time buyers fall over themselves to get onto the property ladder.

Canberra came a close second for houses with 25 days, just ahead of Melbourne where it takes 29 days to sell a house and 31 days to sell an apartment.

Also read: Mass property exodus is underway in Sydney as prices hike

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However up in Australia's Northern Territory capital, Darwin, the average time for a sale is far longer at 127 days for a house or 113 days for a unit, the property advisory firm said.

As a result, the rate of vendor discounting - the differed between the original listing price and the final selling price - was the highest in the country at -9.0% for houses and -10.2% for units.