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Top 10 Misquoted Suburbs in Real Estate

top 10 misquoted suburbs real estate

Top 10 Misquoted Suburbs in Real Estate

Real estate prices are sometimes misquoted. Misquoting is when the selling price for a home is significantly different to the list price. Misquoting can mean home buyers waste their time, money and have their hearts broken on homes they cannot afford.

The challenge for home buyers is that there is no set percentage which homes are misquoted by. The old adage to “just add 10%” to the list price simply doesn’t work. Our data proves it.

In contrast, REALas predictions are 5% from sale prices on average.

Here are the Top 10 suburbs for misquoted real estate prices:

VIC Top 10 misquoted suburbs Sold Price vs List Price
1 Glen Huntly 22.5%
2 Bulleen 21.5%
3 Carlton North 21.4%
4 Doncaster East 18.8%
5 Greenvale 18.7%
6 Keilor East 18.2%
7 Moonee Ponds 18.0%
8 Croydon 17.8%
9 Werribee 17.6%
10 Heidelberg Heights 17.6%
Source: REALas.com February 2017

 

NSW Top 10 misquoted suburbs Sold Price vs List Price
1 Carlingford 17.7%
2 Waverton 17.2%
3 North Ryde 16.5%
4 Epping 15.6%
5 Bexley 15.5%
6 Naremburn 14.6%
7 Rockdale 14.3%
8 Turramurra 14.2%
9 Marrickville 14.0%
10 Randwick 13.5%
Source: REALas.com February 2017

 

With respect to the survey:

  • it is for auctions in February 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 accurately predicts property values

REALas property values are 5% from 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% from the final home selling price.

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

 

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