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

Suburb Profile Reviews – Top 10

Suburb Profile Reviews – Top 10
July 11, 2016 Josh Rowe
suburb profile reviews

Suburb Profile Reviews – Top 10

Underquoting is a frustrating problem for many home buyers as they search for their dream home. Good real estate agents are able to quote property prices within 10% of the final sale price. The top 10 suburb profile reviews demonstrate there are real estate agents which are very accurate at quoting property values prior to auction.

Remarkably every single one of the top 10 suburb profile reviews from New South Wales was more accurate than the most accurate suburb profile review from Victoria.

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

Suburb Profile Reviews

NSW Accurate real estate agents by suburb profile Sold Price vs Agent Quote Sold Price vs realAs.com
1 Blue Haven 3.6% 2.7%
2 Blacktown 4.1% 7.1%
3 Erskineville 5.7% 3.0%
4 Wahroonga 6.7% 7.4%
5 Rosebery 6.7% 3.9%
6 Marrickville 7.5% 5.6%
7 Neutral Bay 7.7% 7.3%
8 Carlingford 7.9% 6.5%
9 Mosman 8.7% 3.9%
10 Paddington 8.7% 2.6%
Source: realAs.com June 2016

 

VIC Accurate real estate agents by suburb profile Sold Price vs Agent Quote Sold Price vs realAs.com
1 Broadmeadows 9.0% 5.7%
2 Abbotsford 9.7% 9.1%
3 Viewbank 9.7% 5.7%
4 Brunswick East 10.0% 7.0%
5 West Melbourne 10.1% 10.7%
6 Newtown 10.2% 9.8%
7 Fitzroy 10.3% 6.3%
8 Cheltenham 10.3% 6.9%
9 Elwood 10.4% 5.8%
10 Melbourne 10.5% 7.6%
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 - Top 10
Author Rating
51star1star1star1star1star

1 Comment

Leave a reply

Your email address will not be published. Required fields are marked *

*