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

Summer Sale Suburbs Report

Summer Sale Suburbs Report
February 4, 2016 Josh Rowe

While holiday-makers flocked to the beaches, here were the most popular summer sale suburbs.

Not surprisingly, auctions in Melbourne and Sydney metropolitan suburbs practically ceased.  Whereas private sales in regional and holiday destinations were popular.

 

ACT Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Ngunnawal 5.5% 5.7%
2 Kingston 2.3% 4.9%
3 Calwell 1.1% 2.4%
4 Watson 1.4% 2.3%
5 Moncrieff 6.1% 6.1%
6 Lyons 2.7% 3.6%
7 Gordon 4.0% 6.1%
8 Bonython 4.3% 1.8%
9 Weston 4.8% 2.5%
10 Theodore 1.3% 1.7%
Source: realAs.com January 2016

 

NSW Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Forster 4.5% 5.4%
2 Umina Beach 3.9% 4.3%
3 Coffs Harbour 3.9% 4.4%
4 Banora Point 3.6% 3.7%
5 Taree 3.7% 3.9%
6 St Clair 7.2% 6.3%
7 Pottsville 2.5% 3.7%
8 Goulburn 2.9% 3.5%
9 Tamworth 4.1% 5.5%
10 Parramatta 4.7% 6.5%
Source: realAs.com January 2016

 

NT Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Katherine 10.6% 9.1%
2 Humpty Doo 13.1% 8.0%
3 Durack 12.1% 9.6%
4 Woodroffe 12.3% 7.9%
5 The Gap 6.1% 4.4%
6 Sadadeen 7.3% 6.3%
7 Rosebery 7.6% 9.1%
8 Nakara 8.2% 7.3%
9 Malak 10.3% 8.9%
10 Lyons 15.5% 12.3%
Source: realAs.com January 2016

 

QLD Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Kallangur 5.0% 4.0%
2 Forest Lake 3.6% 3.5%
3 Springfield Lakes 3.8% 4.0%
4 Varsity Lakes 4.0% 4.2%
5 Surfers Paradise 5.9% 4.3%
6 North Lakes 4.8% 4.6%
7 Labrador 4.1% 4.3%
8 Pacific Pines 3.0% 4.0%
9 Deception Bay 3.1% 4.2%
10 Upper Coomera 4.1% 2.6%
Source: realAs.com January 2016

 

SA Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Morphett Vale 3.5% 3.2%
2 Parafield Gardens 6.4% 5.3%
3 Mawson Lakes 2.3% 2.7%
4 Aldinga Beach 3.8% 3.9%
5 Paralowie 4.8% 2.9%
6 Paradise 6.1% 6.2%
7 Modbury Heights 6.2% 5.5%
8 Hope Valley 3.8% 2.1%
9 Para Hills 4.5% 4.0%
10 Camden Park 4.7% 5.4%
Source: realAs.com January 2016

 

TAS Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Glenorchy 7.1% 7.3%
2 Newstead 4.5% 5.5%
3 Riverside 4.2% 3.3%
4 Devonport 6.7% 4.4%
5 Wynyard 3.5% 2.7%
6 New Norfolk 3.1% 4.4%
7 Midway Point 6.1% 5.1%
8 Invermay 4.9% 2.0%
9 Swansea 6.8% 3.8%
10 St Leonards 6.6% 4.4%
Source: realAs.com January 2016

 

VIC Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 Pakenham 4.7% 3.9%
2 Melbourne 8.2% 7.0%
3 Hoppers Crossing 3.9% 8.4%
4 Frankston 7.3% 6.7%
5 Croydon 13.5% 4.6%
6 Narre Warren 8.8% 6.8%
7 Sunbury 3.6% 2.6%
8 Seaford 5.7% 5.6%
9 Rye 10.7% 9.6%
10 Langwarrin 4.7% 3.3%
Source: realAs.com January 2016

 

WA Summer Sale Suburbs Sold Price vs Agent Quote Sold Price vs realAs.com
1 High Wycombe 8.1% 7.8%
2 Secret Harbour 3.3% 4.1%
3 Quinns Rocks 3.7% 3.8%
4 Greenwood 5.8% 5.5%
5 Duncraig 2.4% 5.1%
6 Kingsley 4.4% 3.9%
7 Canning Vale 6.2% 4.9%
8 Bayswater 7.4% 6.4%
9 Australind 4.3% 3.3%
10 Willetton 3.9% 4.3%
Source: realAs.com January 2016

 

With respect to the survey:

  • it is for auctions and private sales in January 2016
  • from all Australian states and territories
  • each list is ordered by the highest number of sales
  • 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.