Yahoo Finance Revealed: The happiest states in Australia
A real estate agent rating website has revealed its interpretation of which states and territories have the happiest residents and which states have the least happiest.
RateMyAgent's latest Price Expectation Report has shown what more than 20,000 Australian home sellers think of housing prices in their area.
The Australian Capital Territory was declared the happiest using this criteria, with 45 per cent of home sellers satisfied with the market.
Victoria and South Australia were not far behind with 40 per cent each:
1. Australian Capital Territory (45%)
2. South Australia (40%)
2. Victoria (40%)
4. Tasmania (39%)
5. New South Wales (37%)
6. Queensland (37%)
7. Western Australia (27%)
Nationally, satisfaction decreased by 5 per cent, which RateMyAgent attributed to the coronavirus lockdown.
It must be noted "happiness" measured with this criteria can mean the opposite for potential buyers, who have to pay more.
RateMyAgent chief Mark Armstrong said the latest report showed the impact of the coronavirus wasn't as bad as expected.
"While we still need to analyse the long-term effect of the pandemic and keep a close eye on economic conditions, we are seeing the industry begin to recover, particularly with the easing of restrictions and a slight drop in the national house price," he said.
"We will be closely monitoring vendor price satisfaction in the coming months, to see if industry predictions regarding June as the new March or even spring (with more stock coming into the market) will come to fruition."
City and suburban sellers felt worse than their regional counterparts, with Melbourne and Sydney seeing declines of 10 to 16 per cent.
The result comes after a buoyant March quarter that saw satisfaction nationally rise 17 per cent.
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