NSW government to establish task force to look into real estate agents underquoting of properties

A newly renovated two-bedroom home in a trendy inner west Sydney suburb was recently put on the market with a buyer's guide of $1.5 million.

The modest price estimate lured in many hopeful buyers with a budget south of $1.7 million.

But they never had a chance.
At the auction weeks later, the bidding started at $1.8 million and concluded with the Marrickville property selling for more than $2.1 million.

To read news in detail: https://www.abc.net.au/news/2024-08-10/underquoting-real-estate-housing-property-nsw/104202634