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

Top 10 Underquoting Best and Worst

Top 10 Underquoting Best and Worst
February 5, 2015 Josh Rowe

Top 10 Underquoting Best and Worst

A decade ago when travellers researched accommodation in a city they had never visited before, they may have sought the advice from a travel agent, friends or a travel guide book.

Now, there are numerous online travel sites and apps which provide travellers with rich reviews, not just from expert travel editors, but from “the crowd” – fellow travellers.

Digital disruption of the travel industry has delivered better information to travellers to help make their next trip perfect.

Conversely, home buyers are frustrated by the lack of trustworthy information available to them to make one of the biggest purchases of their lives.

Price is the most important piece of information in a property sale.

Home buyers seek the truth when it comes to real estate but the current sources do not satisfy their thirst for information.

realAs.com accurately predicts home sale prices, powered by “the crowd” of home buyers.  You.

Underquoting best and worst.  

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

The realAs.com December 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 quoting real estate agents for NSW

NSW Sold vs
realAs.com
Sold vs
Agent
1 Hurstville 15% 28%
2 Brighton Le Sands 9% 23%
3 North Epping 7% 21%
4 Epping 8% 19%
5 North Ryde 7% 19%
6 North Rocks 12% 18%
7 Leichhardt 8% 18%
8 Redfern 7% 18%
9 Hunters Hill 9% 17%
10 Alexandria 6% 16%

Source: realAs.com

2. Top 10 accurate real estate agents for NSW

NSW Sold vs
realAs.com
Sold vs
Agent
1 Newport 8% 6%
2 Wahroonga 5% 7%
3 Cronulla 4% 8%
4 Ballina 9% 8%
5 Paddington 3% 9%
6 Castle Hill 7% 9%
7 Darlinghurst 6% 9%
8 Waverton 3% 9%
9 Ryde 7% 9%
10 Drummoyne 5% 10%

Source: realAs.com

3. Top 10 accurate realAs predictions for NSW

NSW Sold vs
realAs.com
Sold vs
Agent
1 Fairlight 3% 13%
2 Waverton 3% 9%
3 Baulkham Hills 3% 13%
4 Mosman 3% 11%
5 Paddington 3% 9%
6 Cronulla 4% 8%
7 Rozelle 4% 12%
8 Newtown 5% 16%
9 Lilyfield 5% 11%
10 Eastwood 5% 14%

Source: realAs.com

4. Top 10 under quoting real estate agents for VIC

VIC Sold vs
realAs.com
Sold vs
Agent
1 Box Hill South 11% 27%
2 Murrumbeena 10% 27%
3 Northcote 7% 27%
4 Mont Albert North 9% 27%
5 Sunshine North 15% 26%
6 Springvale South 13% 26%
7 Surrey Hills 7% 26%
8 Nunawading 8% 26%
9 West Footscray 9% 26%
10 Toorak 10% 26%

Source: realAs.com

5. Top 10 accurate real estate agents for VIC

VIC Sold vs
realAs.com
Sold vs
Agent
1 Sydenham 8% 4%
2 Rye 5% 7%
3 Keilor Downs 5% 10%
4 Maidstone 7% 11%
5 Newport 6% 11%
6 Elwood 7% 11%
7 Fawkner 5% 12%
8 Dandenong 2% 12%
9 Taylors Lakes 5% 12%
10 Fitzroy North 6% 12%

Source: realAs.com

6. Top 10 accurate realAs predictions for VIC

VIC Sold vs
realAs.com
Sold vs
Agent
1 Fairfield 1% 15%
2 Carlton North 2% 17%
3 Dandenong 2% 12%
4 Flemington 2% 17%
5 Strathmore 3% 15%
6 Brighton East 3% 22%
7 Clifton Hill 3% 17%
8 Maribyrnong 3% 16%
9 Elsternwick 4% 18%
10 Blackburn South 4% 16%

Source: realAs.com

 

 

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