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Misquoting Reaches New Heights

misquoting reaches new heights

Misquoting Reaches New Heights

The real estate market growth rate may be slowing in Sydney and Melbourne. However, misquoting of property prices certainly has not. In fact it is reaching new heights.

The top 10 misquoted suburbs in Melbourne and Sydney are:

VIC Suburb Sold Price vs List Price
1 Avondale Heights 20.0%
2 Fawkner 19.6%
3 Seaford 17.3%
4 Ringwood North 17.2%
5 Pascoe Vale South 17.0%
6 Keilor East 17.0%
7 Albion 16.8%
8 Caulfield North 16.8%
9 Templestowe 16.7%
10 Brunswick West 16.7%
Source: REALas.com June 2017

 

NSW Suburb Sold Price vs List Price
1 Epping 16.8%
2 Marsfield 16.0%
3 Manly 13.8%
4 Marrickville 13.3%
5 Bexley 12.1%
6 Eastwood 11.3%
7 Neutral Bay 11.1%
8 Ryde 11.1%
9 Chatswood 10.4%
10 Newtown 9.8%
Source: REALas.com June 2017

 

With respect to the survey:

  • it is for auctions in June 2017
  • from Victoria and New South Wales
  • only suburbs with 4 or more publicly available quotes and auction results were included
  • the “Sold Price vs List Price” is the average percentage difference between the sold price and the public list price

 

REALas predicts property prices

REALas predicts property prices – Australia wide including auctions and private sales.

Between April 2016 and May 2017, the median accuracy of REALas predictions was within 5% of the final sale price. REALas predicts potential final sale prices for properties currently advertised for sale.

Search REALas property price predictions.

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