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Sydney Tops the Charts for Misquoting

sydney tops charts misquoting

Sydney Tops the Charts for Misquoting

The Sydney suburb of Eastwood has topped the charts for misquoting of property prices. Melbourne’s Tullamarine was a close second in the high stakes game which causes angst for many home buyers.

Here are the top 10 misquoted suburbs for Melbourne and Sydney:

NSW Suburb Sold Price vs Agent Quote
1 Eastwood 22.6%
2 Rockdale 17.8%
3 Artarmon 16.6%
4 Waverton 13.7%
5 Dee Why 13.5%
6 Epping 13.0%
7 Surry Hills 12.8%
8 Padstow 12.7%
9 Carlingford 12.7%
10 Drummoyne 12.6%
Source: REALas.com May 2017

 

VIC Suburb Sold Price vs Agent Quote
1 Tullamarine 21.3%
2 St Albans 18.9%
3 North Melbourne 18.8%
4 Abbotsford 18.8%
5 Frankston 18.8%
6 Melton South 18.2%
7 Bell Post Hill 17.7%
8 Gladstone Park 17.6%
9 Keilor Downs 17.6%
10 Oak Park 17.2%
Source: REALas.com May 2017

 

With respect to the survey:

  • it is for auctions in May 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 for REALas property price predictions by address or suburb using the search box above. Happy home hunting!

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