Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


New Broker Academy 2022

The Adviser’s New Broker Academy aims to equip prospective brokers with the knowledge, skills and mindset to succeed...

LEARN MORE
VIEW ALL
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Listing prices smashed in capital cities

By Staff Reporter
17 September 2014 | 1 minute read
Sydneyapartments

Almost half of properties in Australia’s capital cities are selling for more than their listing price, according to new research.

A report by RP Data for Aussie Home Loans found that 43.6 per cent of houses in capital cities sold for more than their listing price in 2013/2014.

Apartments sold above their listing price on 46 per cent of occasions.

Advertisement
Advertisement

Sydney was the hottest market, with 59.4 per cent of houses and 63.6 per cent of apartments selling for more than their listing price.

Melbourne also ran hot in 2013/2014, with 50.4 per cent of houses and 45.4 per cent of apartments selling for more than their listing price.

However, the market was much cooler outside Australia’s eight capital cities, where the listing price was beaten for 32.8 per cent of houses and 37.2 per cent of apartments.

The top 10 suburbs for houses sold above listing price were all located in Sydney and Melbourne.

The top three were Middle Cove, Winston Hills and Alexandria, all in Sydney.

Places four and five were filled by Kilsyth South and Knoxfield, in Melbourne, while places six and seven were occupied by Sydney suburbs Cherrybrook and Carlton.

The top 10 was rounded out by Wantirna and Flemington in Melbourne, and Rodd Point in Sydney.

Aussie executive chairman John Symond said the report showed that momentum remained strong in capital cities.

“For those looking for capital growth, the theme clearly indicates capital cities are the places to invest, while regional areas are more about lifestyle than returns,” he said.

Listing prices smashed in capital cities
Sydneyapartments
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.