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

Top 10 underquoted suburbs

Top 10 underquoted suburbs
December 11, 2014 Josh Rowe

In Victoria and New South Wales underquoting is common place in many suburbs.

This realAs.com November report quantitatively demonstrates the severity of the underquoting problem.  However, it also shows that there are real estate agents which can accurately quote what homes will sell for.

Which information do you rely on as a home buyer? The real estate agent, realAs.com predictions or other sources?

1. Top 10 under quoters for NSW

Suburb Sold vs
Agent
Sold vs
realAs
1 Bexley 27% 11%
2 Lugarno 27% 12%
3 North Ryde 23% 8%
4 Chatswood 21% 8%
5 Ryde 21% 8%
6 San Remo 21% 10%
7 Carlingford 20% 7%
8 Eastwood 20% 6%
9 Coogee 20% 10%
10 Neutral Bay 19% 7%

Source: realAs.com

2. Top 10 under quoters for VIC

Suburb Sold vs
Agent
Sold vs
realAs
1 Chadstone 28% 10%
2 Ormond 28% 7%
3 Box Hill North 27% 9%
4 Ringwood North 26% 9%
5 Murrumbeena 25% 8%
6 Alphington 25% 8%
7 Nunawading 25% 10%
8 Surrey Hills 25% 6%
9 Blackburn South 25% 6%
10 Carnegie 24% 6%

Source: realAs.com

3. Top 10 most accurate agents for NSW

Suburb Sold vs
Agent
Sold vs
realAs
1 Surry Hills 6% 10%
2 Newport 7% 5%
3 Cremorne 8% 6%
4 Stanmore 8% 5%
5 Gymea Bay 8% 7%
6 Waverton 8% 5%
7 Crows Nest 10% 4%
8 Balmain 10% 3%
9 Paddington 10% 4%
10 St Leonards 10% 5%

Source: realAs.com

4. Top 10 most accurate agents for VIC

Suburb Sold vs
Agent
Sold vs
realAs
1 Pakenham 4% 6%
2 Endeavour Hills 6% 4%
3 Frankston South 6% 9%
4 Taylors Hill 6% 8%
5 Southbank 7% 8%
6 Port Melbourne 7% 9%
7 Frankston 7% 9%
8 Prahran 9% 8%
9 Williamstown 9% 7%
10 Brighton 10% 5%

Source: realAs.com

5. Top 10 most accurate realAs.com predictions for NSW

Suburb Sold vs
Agent
Sold vs
realAs
1 Balmain 10% 3%
2 Fairlight 14% 3%
3 Baulkham Hills 13% 3%
4 Randwick 13% 4%
5 Paddington 10% 4%
6 Artarmon 15% 4%
7 Balgowlah 11% 4%
8 Crows Nest 10% 4%
9 Naremburn 14% 4%
10 Mosman 13% 4%

Source: realAs.com

6. Top 10 most accurate realAs.com predictions for VIC

Suburb Sold vs
Agent
Sold vs
realAs
1 Aberfeldie 19% 2%
2 Brooklyn 15% 2%
3 Collingwood 15% 2%
4 Bellfield 15% 3%
5 Kew 20% 3%
6 St Kilda 16% 3%
7 Montmorency 14% 3%
8 Heidelberg 13% 3%
9 Altona 16% 3%
10 Hadfield 14% 3%

Source: realAs.com

 

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  • 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.


3 Comments

  1. cameron 5 years ago

    Your section on suburbs is somewhat misleading as its postcode based not the actual suburb itself and therefore the median prices differ significantly. Ie Blackburn, Blackburn South and North are all 3130, same when referencing nunawading 3131 also includes Forest Hill.

    • Author
      joshrowe 5 years ago

      Hi Cameron, The lists in this blog post are grouped by suburb name.

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