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

Three agents named

Three agents named
October 29, 2014 Josh Rowe

David MorrellWith all the talk of the market overheating – it’s incredibly property specific.  We continue to see many examples of reserves not being met and cooling of sentiment  in certain sections of the marketplace.

Whilst the agents, media and vendors are on green lights, smart buyers have the caution light blinking.  Smart buyers realise Christmas is approaching and the pressure is on the vendor to conclude a sale.

Don’t get caught up in the hype.

 

David Morrell 


Following my report about the Monstrous Blackburn underquoting I spoke with Jon Faine on 774 ABC Melbourne, listen to the full interview.

I have now received formal replies from Consumer Affairs Victoria, the Minister for Consumer Affairs and the Real Estate Institute of Victoria regarding the complaint.  I do not envy Consumer Affairs enforcing the unenforceable.

In the interest of balance, here are three examples of highly accurate agents.

3 Accurate Agents

2/34 High St Kensington SA
SOLD $725,000
#realAsPredicts $709,000 = 2% off
Agent $730,000 – $760,000 = 1% off

57 Winona Rd Mount Eliza VIC
SOLD $1,135,000
#realAsPredicts $1,080,000 = 5% off
Agent $1,100,000 = 3% off

6 Hillcrest Ave Bateau Bay NSW
SOLD $580,000
#realAsPredicts $580,000 = SPOT ON!
Agent $569,000 = 2% off
realAs.com predicts prices accurately and is an essential research tool for property buyers.

#realAsPredicts weekend wrap

Have you been following the #realAsPredicts results? Here’s how we did last weekend.

63 Empress Ave Kingsville VIC

63 Empress Ave Kingsville VIC

17/20 Riverview Parade Surfers Paradise QLD

17/20 Riverview Parade Surfers Paradise QLD

25 Phillips St Coburg was quoted by the Agent as $890k+ The property was passed in at auction and is now for sale for $1,030k just 1% off the realAs prediction.

 

Property Observer – Underquoting: Q&A with realAs’ Josh Rowe: how buyers can navigate the available information to make their own price predictions

Congratulations Kirra!  Winner of a new iPhone 6 for our (unofficial) The Block sale price guessing competition. Kirra’s guess for Shannon & Simon’s apartment was just seventy eight dollars off. Impressive.

House built in 21 days sells for $783,000 – great result for Children’s Cancer Institute Australia

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Happy house hunting.
Josh Rowe, CEO realAs.com

PS Share this post with your friend or work mate who is house hunting

realAs round up – Weekly news from the property industry together with unique realAs data insights.  By buyers, for buyers.

 

 

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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.