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10 Most Satisfying Suburbs in Real Estate

satisfying suburbs real estate

10 Most Satisfying Suburbs in Real Estate

In 5 out of every 10 auctions in Sydney the final selling price was less than 10% over the agent quoted price (December, 2016).  Accurate price quoting is satisfying for home buyers.  Every time a house is actually in the real budget range of a home buyer this saves them time, money and heartache.

The suburbs which were most satisfying for home buyers were:

VIC Accurate real estate agents Sold Price vs Agent Quote Sold Price vs REALas.com
1 Point Cook 7.8% 8.8%
2 Gisborne 8.1% 2.0%
3 Alphington 9.0% 4.1%
4 Belmont 9.3% 6.4%
5 St Kilda East 9.7% 8.7%
6 Carlton 10.3% 5.4%
7 Abbotsford 10.3% 7.0%
8 North Melbourne 10.4% 6.5%
9 St Kilda 10.7% 9.8%
10 Caroline Springs 10.8% 5.1%
Source: REALas.com December 2016

 

NSW Accurate real estate agents Sold Price vs Agent Quote Sold Price vs REALas.com
1 Chippendale 2.9% 7.6%
2 Merrylands 4.1% 10.4%
3 Camperdown 5.7% 7.9%
4 Lugarno 6.6% 8.3%
5 Narraweena 7.0% 6.9%
6 Parramatta 7.3% 5.7%
7 Waterloo 7.3% 7.7%
8 Panania 7.6% 3.3%
9 Surry Hills 7.6% 5.5%
10 Carlton 7.8% 6.6%
Source: REALas.com December 2016

 

With respect to the survey:

  • it is for auctions in December 2016
  • from Victoria and New South Wales
  • only suburbs with 4 or more publicly available quotes and auction results were included
  • the “Sold Price vs Agent Quote” is the average percentage difference between the sold price and the public agency quote
  • the “Sold Price vs realAs.com” is the average percentage difference between the sold price and the realAs.com prediction

REALas accurately predicts property values

REALas property values are 5% off home sale prices on average – Australia wide including auctions and private sales.  Almost 9 out of 10 of REALas home price guides are just 10% off the final home selling price. Does your real estate agent, property valuer or real estate data provider get even close to that?

There are thousands of homes on REALas.com

We help home buyers research the right price to pay for a home.

realAs real estate property valuation home price guide report

 

Summary
Review Date
Reviewed Item
10 Most Satisfying Suburbs in Real Estate
Author Rating
5
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