Revealed: The 10 happiest places in Australia

Brighton Beach in southern Melbourne, which is the area deemed to be the happiest in the country. (Image: Getty)

A real estate agent rating website has come up with its interpretation of the happiest and unhappiest locations in Australia.

RateMyAgent polled 40,000 respondents to determine whether home sellers in specific areas achieved sale prices that were above, below or matching expectations.

With this data, the company calculated that nationally "happiness" doubled from 20 per cent in December 2018 to 41 per cent in December 2019.

Of course, happiness for sellers can mean the opposite for buyers who have to fork out more money.

"Our Price Expectation Report shows just how far the property market has recovered," said RateMyAgent chief Mark Armstrong, attributing it to "strong gains in metro areas and a surging Victorian market".

"As we look to the year ahead there are plenty of reasons for optimism."

10 happiest locations in Australia

Victoria dominated the ten happiest places:

• Southern Melbourne VIC (68% net happiness)

• The Mallee VIC (62% net above)

• Eastern Melbourne VIC (60% net above)

• Inner West Sydney NSW (59% net above)

• Outer East Melbourne VIC (58% net above)

• Northern Melbourne VIC (57% net above)

• Inner Melbourne VIC (57% net above)

• Hobart TAS (56% net above)

• North Shore Sydney NSW (55% net above)

• Inner Sydney NSW (55% net above)

Agent from Leading Real Estate, Adam Sacco, said the Victorian market is in an excited state.

"Melbourne has the second highest median house price in Australia and this is causing buyers to venture to Melbourne’s fringes – something which is undoubtedly accelerating growth in these areas."

10 unhappiest locations in Australia

Unfortunately for Queenslanders, their state dominates the ten least happiest ladder:

• Far North Queensland QLD (15% net above)

• Peel WA (19% net above)

• Wide Bay-Burnett QLD (19% net above)

• Central Queensland QLD (21% net above)

• Southern and Hills SA (21% net above)

• Metropolitan Perth WA (23% net above)

• Mid North Coast NSW (28% net above)

• South East Queensland (Regional) QLD (32% net above)

• South East Queensland (Metro) QLD (33% net above)

• South West WA (34% net above)

Overall the real estate market recovery has seen sentiment improve in all states and territories, across both metropolitan and regional areas.

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