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

Transparent Price Quoting Pleases Home Buyers

Transparent Price Quoting Pleases Home Buyers
November 11, 2016 Josh Rowe
transparent price quoting pleases home buyers

Transparent Price Quoting Pleases Home Buyers

Home buyers are pleasantly surprised when home prices are accurately quoted by real estate agents.  Transparent price quoting saves buyers wasting their time, money and heartache searching for a home.

Whilst there are some real estate agents which are inaccurate in quoting prices, there are many others which are transparent and accurate in the prices they quote both buyers and sellers of homes.

This behaviour makes buyer and selling homes much more efficient and less stressful all round.

Here are the best 10 suburbs for real estate agents which accurately quote home prices.

Top 10 Suburbs for Accurate Price Quotes

NSW Accurate real estate agent quotes Sold Price vs Agent Quote Sold Price vs realAs.com
1 Camperdown 6.6% 8.1%
2 Woollahra 7.1% 3.6%
3 Baulkham Hills 8.1% 7.1%
4 Alexandria 8.5% 5.4%
5 Waterloo 8.5% 7.3%
6 Rozelle 8.6% 3.9%
7 Cronulla 9.1% 6.2%
8 Lugarno 9.4% 5.5%
9 Hurstville 9.6% 5.8%
10 Castle Hill 9.9% 9.3%
Source:REALas.com October 2016

 

VIC Accurate real estate agent quotes Sold Price vs Agent Quote Sold Price vs realAs.com
1 Belmont 9.1% 5.4%
2 Altona 9.7% 5.1%
3 Keilor East 10.2% 7.3%
4 Fairfield 11.5% 3.2%
5 Hillside 12.0% 6.8%
6 Carlton 12.1% 3.2%
7 Kew 12.5% 6.0%
8 North Melbourne 12.5% 4.3%
9 Abbotsford 13.1% 5.6%
10 Elwood 13.8% 8.9%
Source:REALas.com October 2016

 

With respect to the survey:

  • it is for auctions in October 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.


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