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NSW cracks down on real estate under quoting

NSW cracks down on real estate under quoting

Sunrise · LiSTNR

March 15, 20263m 8s

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Show Notes

New South Wales is introducing reforms to crack down on controversial real estate practices like under quoting and dummy bidding, with agents facing fines up to $110,000 for misleading buyers. The proposed changes would require every property listing to include a clear price guide explaining how the estimate was calculated. The Australian Property Institute is advocating for independent valuations rather than agent-provided estimates to ensure transparency and fairness for both buyers and sellers.

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