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

Suburb Profile Reviews – Bottom 10

Suburb Profile Reviews – Bottom 10
July 13, 2016 Josh Rowe
suburb profile reviews bottom 10

Suburb Profile Reviews – Bottom 10

Home buyers are not professional property valuers. Real estate agents have superior local market knowledge. There are good real estate agents who are able to quote property prices within 10% of the final sale price. Which is why it is soul destroying when homes are underquoted. The bottom 10 suburb profile reviews show there are real estate agents which are very inaccurate at quoting property values prior to auction.

Home buyers love real estate agents which provide truthful facts and figures.

Does the suburb you’re looking to purchase a home in make the top 10 suburb profile reviews list?

Suburb Profile Reviews – Bottom 10

VIC Inaccurate real estate agents by suburb profile reviews Sold Price vs Agent Quote Sold Price vs realAs.com
1 Blackburn North 30.0% 8.0%
2 Glen Huntly 28.2% 7.8%
3 Maidstone 27.3% 12.5%
4 Mitcham 25.9% 8.9%
5 Kingsville 25.5% 8.0%
6 Moonee Ponds 25.1% 9.0%
7 Murrumbeena 24.1% 9.2%
8 Forest Hill 23.7% 8.2%
9 Bulleen 23.7% 5.8%
10 Mentone 23.4% 7.8%
Source: realAs.com June 2016

 

NSW Inaccurate real estate agents by suburb profile reviews Sold Price vs Agent Quote Sold Price vs realAs.com
1 Eastwood 17.9% 8.4%
2 Millers Point 17.7% 11.5%
3 Bexley 16.9% 8.4%
4 Epping 16.3% 7.4%
5 Hunters Hill 16.1% 8.8%
6 Artarmon 16.0% 7.3%
7 Lugarno 15.8% 11.0%
8 Rozelle 15.0% 4.6%
9 Newtown 14.9% 5.0%
10 Maroubra 14.9% 5.0%
Source: realAs.com June 2016

 

With respect to the survey:

  • it is for auctions in June 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.


Summary
Review Date
Reviewed Item
Suburb Profile Reviews – Bottom 10
Author Rating
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2 Comments

  1. Rosyv 3 years ago

    You should come to Brisbane. They can under quote by more than that. Try low $2ms turning into offers over $3 after auction. I contemplated sending him a bill for my wasted time.

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