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
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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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realAs.com
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Inaccurate Real Estate Agents Bottom 10
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