The under-quoting law is coming back to bite buyers on the bum....

The under-quoting law is coming back to bite buyers on the bum. Agents are now raising their quote for auctions and the price on private sales DURING the sales campaign according to the level of buyer interest to avoid being prosecuted for under quoting.

Melbourne agents are continuing to see their rent-rolls diminish due to investor clients telling them to sell! And in most cases the buyers are owner occupiers.