A very interesting metric to keep an eye on and monitor are vendor discount rates, which tells us if suburbs are selling at above or below originally listed property sale prices.
PropertyDirector publishes vendor discount rates for every suburb in Australia's on a monthly basis, and along with this generates a monthly Top 50 suburb vendor discount ranking report, listing out the Top 50 suburbs in Australia where properties are selling at the highest discounts and the highest premiums.
Check out the Top 50 suburbs in Australia where properties have been selling at the highest and most premiums prices as at August 2024. To put it simply, these suburbs are selling at hot prices meaning it may be a great time to sell if you are a landlord and own real estate in these areas.
Here are 10 suburbs we've picked out of the Top 50. (NSW, SA, and VIC are the most dominant states in this list).
Ranked #1 - BASKERVILLE, WA, 6056 - selling at 50% higher than listed prices
Ranked #2 - KILBURN, SA, 5084 - selling at 47.22% higher than listed prices
Ranked #3 - BANKSTOWN, NSW, 2200 - selling at 46.25% higher than listed prices
Ranked #6 - MARAYONG, NSW, 2148 - selling at 38.97% higher than listed prices
Ranked #11 - BURNSIDE, SA, 5066 - selling at 30.91% higher than listed prices
Ranked #14 - CHATSWOOD, NSW, 2067 - selling at 29.64% higher than listed prices
Ranked #19 - CARRUM, VIC, 3197 - selling at 27.45% higher than listed prices
Ranked #29 - HUGHESDALE, VIC, 3166 - selling at 24.71% higher than listed prices
Ranked #39 - EASTWOOD, NSW, 2122 - selling at 22.20% higher than listed prices
Ranked #41 - SEVEN HILLS, NSW, 2147 - selling at 21.58% higher than listed prices
Register to the PropertyDirector 'Essential' plan to gain access to the vendor discount ranking report and our additional suite of market activity reports by going here - https://www.propertydirector.com.au/choose-plan.
