Victorian Government Introduces New Laws to Combat Underquoting in Real Estate MarketThe Victorian government is set to implement new laws next year, requiring real estate agents to disclose a propertys reserve price at least seven days before auction. This move aims to tackle the persistent issue of underquoting, where properties are advertised for less than their actual selling price. The new regulations, hailed as an Australian-first, will bring more fairness to the home-buying process and prevent buyers from engaging in sales campaigns for properties they cant afford.

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