Reserve prices to be published under Victorian government underquoting crackdown

Real estate agents in Victoria will be required to publish a property’s reserve price at least seven days…
#NewsBeep #News #Headlines #AU #auction #auctions #Australia #pricebaiting #Realestate #underquoting #Victoriangovernment
https://www.newsbeep.com/261536/

‘Massive reform’: New laws will lock in pre-auction honesty
https://www.theage.com.au/national/massive-reform-new-laws-will-lock-in-pre-auction-honesty-20251119-p5ngle.html

Minimum acceptable sale price, visible to everyone, and legally binding — nothing short of that is workable in my opinion. Property price underquoting is a plague, and nothing on Earth will make Real Estate Agents honest. But, people on both sides of the exchange — selling and buying homes — are getting a raw deal, and it's wasting everyone's time.

#AusPol #VicPol #RealEstate #RealEstateAgents #Housing #HousingCrisis #Underquoting