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Australian house hunters and sellers warned about using real estate agent comparison websites

Real estate buyers and sellers have been warned to be wary of online companies promising to connect them with the best possible agent in their area to help with their property transactions.

Most consumers assume the firms, once contacted, check all the agents operating in their suburb, carry out due diligence on them and then work out which ones best suit their needs. But sometimes they turn out to be simply computer programs aggregating agents in the suburb and passing their details and fees on with no checks or balances – and then claiming commission from any successful agents.

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R&H Suburb Profile: Newtown

R&H Suburb SummaryHouses
Number of sales 179
Average Price $1,275,863
Median Price $1,290,000
Median Rental Price $745 p.w.
Change in Rental Rate (5yr) 24 %
R&H Suburb SummaryUnits
Number of sales 112
Average Price $639,496
Median Price $706,000
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 28 %
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Newtown, NSW - Median Trend

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Raine & Horne Newtown

99 King Street
Newtown 2042


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