Bait pricing and underquoting, just how effective is legislation ?

We start today by commenting on this article about New laws to combat underquoting. While we don’t think that the new Baird government bait pricing laws introduced earlier this year to the housing industry were a bad thing – quite the contrary – we should also keep in mind that the slowing Sydney housing markets will have also helped lower the variance figures between the prices quoted and prices sold, which make these laws now look so effective. But it has been a good thing, and anything that stops unscrupulous agents gets our vote. List pricing in Victoria is all over […]

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