Real Estate

Price Expectation Report reveals the happiest places in Queensland

Price Expectation Report reveals the happiest places in Queensland
Written by The ReReport
As seen in the Source link, written by on 2019-03-06 07:52:51

Could be a sea change, a tree change or a search for more affordable housing, but people are paying above expected prices for properties in regional areas like the Scenic Rim. This property at 210 Beechmont Rd, Beechmont is currently for sale for $729,000. Anyone care to offer more?

Are you living on happy street? A national survey of seller satisfaction has found that our happiest property owners live in suburbs where a third of them regularly got more than they asked for off their homes sales.

The Scenic Rim and Moreton Bay were the happiest places in Queensland to sell a house, according to the national survey of sellers’ expectations by real estate agent rating agency, – with almost a third of sellers receiving more than they were expecting for their homes.

The Price Expectation Report’s net results are taken from a survey of over 36,000 house sellers who logged in to the website over the past eight months, asking if their house sale was above, in-line, or below expectation.


Sea changers are looking to Moreton Bay for inspiration. Perhaps 77-79 Prince Edward Pde, Redcliffe would put a smile on your face.

It also found one in four Sunshine Coast sellers received above what they were expecting for their properties.

The Top 10 results are listed below, but Brisbane, Ipswich and the Gold Coast reported almost one in five sellers exceeded their expectations when selling property in the last eight months.

“People are looking for affordability and looking for a tree change or a sea change, as prices become less affordable, people move away from metropolitan areas,” RateMyAgency founder Mark Armstrong said.

In Brisbane, 10 per cent of property prices fell below expectations.

For something set back from the waterfront, try 18 Prince St, Clontarf. It’s currently on the market for offers over $419,000.

Properties in the Scenic Rim are selling for more than expected prices. Follow the March 29 auction of this 10 hectare property at 200B Mount Flinders Rd, Peak Crossing.

The net results showed a steady decline in sales satisfaction over 2018, from a national average of 42 per cent in April, to 29 per cent in December.

The lowest net satisfaction in Queensland was reported in Gladstone (3 per cent), followed by Cairns (4 per cent).

The survey found regional sellers were the best at pitching their prices to the market and homeowners with properties over $1.5 million were the most likely to be unhappy with their sales results.

Mr Armstrong said looking at the market from a consumer angle rather than the movement of median property prices was the best way to gauge what consumers were thinking about the current property market.

Nationally, Tasmania was the happiest state overall, with 44 per cent of sellers reporting above expectation property prices.

The sleepy fishing town of Bicheno on Tasmania’s east coast, where 2 Jetty Rd (highlighted in green), is on the market for $1.79 million. A 1091sq m parcel of land next door was listed for $510,000 and sold for an undisclosed amount on January 31.

Mr Armstrong said the message to homeowners thinking of selling their homes this year was to be more realistic about their property prices.

“In Queensland it appears there’s a greater alignment of expectation to sale price than other states,” he said.

“It does take a little while to adjust to the new reality; lending practices have been really tightened.”


(percentages are the net above price expectation results based on a survey of 36,128 sellers)

1: Scenic Rim (32 per cent)

2: Moreton Bay (31 per cent)

3: Sunshine Coast (25 per cent)

4: Somerset (20 per cent)

5: Gold Coast (19 per cent)

6: Ipswich (19 per cent)

7: Brisbane (19 per cent)

8: Logan (17 per cent)

9: Mackay (15 per cent)

10: Rockhampton (13 per cent)

Source: Price Expectation Report, Feb. 2019. Prepared by