Want to buy a house in Sydney? Be prepared to pay nearly $120,000 over the advertised price

 


As states attempt to tackle underquoting, new data reveals fewer than 4% of real estate agents are listing homes within 3% of the final sale price, with properties selling for more than $100,000 above the price guide in several parts of the country. Analysis looking at all published price guides for residential sales in the six months to April, compiled by the property data app Homer, has revealed that across all capital cities, the typical above-guide sale overshoots by 4-9%, while the typical below-guide sale undershoots by only 3-5%.

Comments

Post a Comment

Popular posts from this blog

Why buyers are fearful of Sydney's housing market right now

Image
 Sydney's rising house prices have long been a thorn in the side of prospective buyers, given that the most expensive city in the country has experienced sustained growth over the past 25 years. A new Domain report suggests that trend is set to continue, with the median house price in Sydney forecast to rise by 7 per cent in the 2025-26 financial year. The record-high $1.83 million median price tag is inhibitive to most, considering national median earnings are $67,600, as per Australian Bureau of Statistics data. To read more, click here-  https://www.abc.net.au/news/2025-06-20/sydney-property-prices-on-the-rise-prospective-buyers-react/105437154
Read more

Australian Property Market: Average Price Hits $1 Million

Image
  The average home across Australia has reached $1 million, according to new data released today. According to the latest figures by the Australian Bureau of Statistics (ABS), the value of Australia’s residential properties rose by $130.7 billion to $11.4 trillion in the March quarter 2025. This pushed the national mean price of residential property to $1,002,500. ABS head of finance statistics, Dr Misha Tan, said that Western Australia, South Australia and Queensland were the “main drivers of the rise, with Queensland reaching the second highest mean price in Australia, behind New South Wales”.  However, Dr Tan noted: “Despite the quarterly rise in national dwelling value, annual growth in the March quarter slowed to 5.9%. This was down from 9.5% in March quarter 2024”.  To read more, click here-  https://www.forbes.com/advisor/au/personal-finance/property-market-update/
Read more

How Smart Buildings Are Affecting Commercial Tenancies?

Image
 Smart buildings are changing the way commercial tenancies work by offering more comfort, control and savings. These buildings use smart systems to manage lighting, temperature, security and energy use, which helps lower costs and improve the experience for tenants. Businesses are now looking for office spaces that support remote access, better air quality and real time data on how the space is used. This makes smart buildings more attractive and competitive in the rental market. Tenants also benefit from improved safety features and easier building management. As technology keeps growing, more landlords are upgrading their spaces to keep up. Smart buildings are quickly becoming the new standard, shaping the future of commercial leasing and how people work every day. Read more-  https://www.commercialproperty2sell.com.au/blog/2025/05/how-smart-buildings-are-affecting-commercial-.php
Read more