REALas Australia’s most accurate property price predictions
REALas Australia’s most accurate property price predictions

Inaccurate Real Estate Agents Bottom 10

Inaccurate Real Estate Agents Bottom 10
December 3, 2016 Josh Rowe
inaccurate real estate agents bottom 10

Inaccurate Real Estate Agents Bottom 10

Inaccurate real estate agent quoting before auctions is endemic in some suburbs. Home buyers new to the property market can waste valuable time, money and emotional energy if they haven’t done their property price research.

Before buyers commit precious time, money and emotion to property research they must have confidence in the accuracy of real estate agent quotes.

Here are the most inaccurate suburbs for real estate agent quotes in Victoria and New South Wales

Inaccurate Real Estate Agents Bottom 10

VIC Inaccurate real estate agent suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Doncaster East 31.2% 12.3%
2 Coburg North 28.5% 11.2%
3 Fitzroy 28.0% 8.6%
4 Heidelberg West 26.9% 10.8%
5 Parkdale 25.2% 6.4%
6 Werribee 24.6% 8.4%
7 Box Hill South 23.1% 10.3%
8 Moorabbin 22.9% 5.9%
9 Moonee Ponds 22.2% 7.6%
10 Black Rock 22.2% 5.9%
Source: REALas.com November 2016

 

NSW Inaccurate real estate agent suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Chatswood 25.1% 14.1%
2 North Ryde 23.3% 11.3%
3 Marrickville 22.7% 10.1%
4 Lane Cove 22.5% 12.3%
5 Kensington 22.0% 10.1%
6 Ryde 20.4% 8.8%
7 Randwick 20.2% 9.3%
8 Carlingford 19.1% 4.3%
9 Newtown 18.7% 6.6%
10 Padstow 18.7% 8.4%
Source:REALas.com November 2016

With respect to the survey:

  • it is for auctions in November 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

 

 

  • property values

    The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of REALas.


 

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