hi guys
I live in Qld and am dumbfounded everyday when I have a look at re.com.au at how the prices have skyrocketed. I've always wondered - exactly what role in the 'market price' does an RE agent actually play? I mean, take Goodna (west of brisbane) - I sold my property for $220k in Dec (highest sale prev was $210k) so I pushed the 'mkt price' for Goodna up to $220k (listed at $225k on advice from the RE agent). Suddenly, every house sold thereafter was listed atleast at $225k.
Anyway, I'm wondering - RE agents have a DIRECT link to the market prices of property. Is this correct?
I live in Qld and am dumbfounded everyday when I have a look at re.com.au at how the prices have skyrocketed. I've always wondered - exactly what role in the 'market price' does an RE agent actually play? I mean, take Goodna (west of brisbane) - I sold my property for $220k in Dec (highest sale prev was $210k) so I pushed the 'mkt price' for Goodna up to $220k (listed at $225k on advice from the RE agent). Suddenly, every house sold thereafter was listed atleast at $225k.
Anyway, I'm wondering - RE agents have a DIRECT link to the market prices of property. Is this correct?