Home sellers happiest in Tasmania — study

By Gerv Tacadena

Homeowners in Tasmania were the most satisfied with their sales in June.

Homeowners in Tasmania were the most satisfied with their sales in June, according to a new study by RateMyAgent.

The study found that Tasmania held a significant lead amongst all states, achieving 51% above expectation for property prices, followed by the Australian Capital Territory (34%) and South Australia (32%).

"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," RateMyAgent CEO Mark Armstrong said.

Also read: Tasmania set to witness strong housing market gains

While Sydney and Melbourne are at the forefront of the burgeoning house-price recovery, their parent states are in the middle of the pack. Victoria and New South Wales reported respective sale-price satisfaction levels of 31% and 29%.

On the other hand, Queensland (26%) and Western Australia (15%) continued to feel the property blues at the bottom of the leaderboard. 

Overall, seller satisfaction in Australia increased, from 26% in April to an annual high of 31% in June.

"The smiles are coming back to the property market, and this quarter's report demonstrates that, quite literally, price expectation continues to recover from a low at the end of 2018," Armstrong said.

Below is the list of places where sellers were the happiest:

  1. Hobart TAS (56% net above) 
  2. South-East TAS (53% net above) 
  3. Central TAS (51% net above) 
  4. Outer North Melbourne VIC (50% net above) 
  5. The Mallee VIC (49% net above) 
  6. Launceston TAS (47% net above) 
  7. The Riverina NSW (46% net above) 
  8. Mid-North Coast NSW (41% net above) 
  9. Inner Melbourne VIC (38% net above) 
  10. Inner West Sydney NSW (37% net above) 
  11. Southern Melbourne VIC (36% net above) 
  12. Central Highlands and Goldfields VIC (36% net above) 
  13. North Western NSW (36% net above) 
  14. Northern Melbourne VIC (35% net above) 
  15. Western Melbourne VIC (34% net above) 
  16. Metropolitan Adelaide SA (34% net above) 
  17. Canberra ACT (34% net above) 
  18. Canberra Region NSW (33% net above) 
  19. North-East VIC (32% net above) 
  20. Central West NSW (31% net above) 

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