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Real estate agents are delivering for Australian home sellers, as happiness among vendors is at a year high.
RateMyAgent surveyed 17,000 people who sold their homes recently and found an increase in those happy with their sales price.
Overall satisfaction is at an annual high of 31 per cent, the highest since June 2018.
“The smiles are coming back to the property market and this quarter’s report demonstrates that, quite literally, [as] price expectation continues to recover from a low at the end of 2018,” RateMyAgent CEO Mark Armstrong said.
Sydney and Melbourne have been the core of the market recovery, while the most satisfaction has been seen in Tasmania, Mr Armstrong said.
“Spring often sees an increase in the number of properties coming onto the market, which places downward pressure on real estate value. The rise of vendors selling property above expectation is good news for vendors, and as we look to the remainder of the year, we anticipate prices are likely to hold firm.”
More than half the properties sold in Tasmania achieved above expectation, with the ACT following with 34 per cent and South Australia with 32 per cent.
When it came to the happiest cities for sellers, Tasmania led the charge with four locations in the top 10. However, the unhappiest area is South West, WA, which only had 4 per cent of properties selling above expectation.
Happiest areas in Australia (full list):
1. Hobart, Tas (56 per cent net above)
2. South East, TA (53 per cent net above)
3. Central Tas (51 per cent net above)
4. Outer North Melbourne, Vic (50 per cent net above)
5. The Mallee, Vic (49 per cent net above)
6. Launceston, Tas (47 per cent net above)
7. The Riverina, NSW (46 per cent net above)
8. Mid-North Coast, NSW (41 per cent net above)
9. Inner Melbourne, Vic (38 per cent net above)
10. Inner West Sydney, NSW (37 per cent net above)
Unhappiest areas in Australia:
1. South West, WA (4 per cent net above)
2. North Queensland, Qld (13 per cent net above)
3. Metropolitan Perth, WA (15 per cent net above)
4. Peel, WA (19 per cent net above)
5. Central Queensland (19 per cent net above)
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