New Regulations Aim to Curb Underquoting in Victoria's Real Estate Market
November 20, 2025 - 12:52
Real estate agents in Victoria will soon be mandated to disclose a property's reserve price at least seven days prior to its auction date. This initiative is part of new legislation introduced by the state government, aimed at combating the prevalent issue of illegal underquoting in the property market.
Underquoting, where properties are advertised at prices significantly lower than their actual selling price, has been a contentious issue, misleading potential buyers and creating an unfair competitive environment. The new law seeks to enhance transparency and trust in the real estate sector, ensuring that buyers have a clearer understanding of the property's value before bidding.
This regulatory change is expected to level the playing field for buyers and sellers alike, fostering a more equitable marketplace. Real estate agents will need to adjust their practices accordingly, ensuring compliance with the new requirements. The government hopes that these measures will lead to a more honest and informed real estate environment in Victoria.
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