NSW to crack down on property underquoting with penalties set to triple NSW government introduces tougher underquoting laws with penalties rising from $22,000 to $110,000 to stop property price guides misleading buyers.

NSW to crack down on property underquoting with penalties set to triple

#NSWProperty #RealEstate #Underquoting #AusNews

thedailyperspective.org/article/2026-03-14-nsw-t...

Melbourne auctions reveal the curious ritual of hope over logic New data shows 39% of Melbourne properties relisted after failed auctions ask higher prices. Victoria's new laws aim to stop the practice.

Melbourne auctions reveal the curious ritual of hope over logic

#MelbourneRealEstate #PropertyAuction #AusRealEstate #Underquoting #AusNews

thedailyperspective.org/article/2026-03-13-melbo...

Original post on rants.au

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

Minimum acceptable sale price, visible to everyone, and legally binding — nothing short of that is workable in my opinion […]

There's a lot wrong with the Melbourne real estate market. Here's one outrageous example. #UnderQuoting