Reserve property prices to be published in underquoting crackdown

News Brief

Summary

The Victorian government will introduce new laws requiring real estate agents to publish a property’s reserve price at least seven days before auction to combat illegal underquoting.

Key Points

  • New Law: Mandatory publication of reserve price 7 days before auction/sale.
  • Problem: Underquoting (advertising below estimated price) remains a significant issue.
  • Impact: Aims to provide fairness and transparency for home buyers, especially first-timers.
  • Enforcement: Agents cannot proceed with the auction if they fail to disclose the reserve on time.
  • Opposition View: The laws don’t address housing affordability, just transparency.
  • Industry Concern: Real estate institute calls it an “over-correction” that punishes sellers.

新闻简报

总结

维多利亚州政府将出台新法律,要求房地产经纪人在拍卖前至少七天公布房产的保留价,以打击非法低价报价行为。

关键点

  • 新法律: 强制要求在拍卖/销售前7天公布保留价。
  • 问题: 低价报价(广告价格低于预估售价)仍然是一个严重问题。
  • 影响: 旨在为购房者,尤其是首次购房者,提供公平和透明度。
  • 执行: 代理商若未按时披露保留价,则无法进行拍卖。
  • 反对党观点: 该法律只解决了透明度问题,并未解决住房 affordability(可负担性)。
  • 行业担忧: 房地产协会称这是”过度矫正”,会惩罚卖家。

Original Article Link: https://www.abc.net.au/news/2025-11-20/victorian-government-announces-real-estate-underquoting-laws/106031070

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