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Underquoting laws miss the mark, report finds

The Australian Financial Review (AFR) •
November 10, 2026 • 01:10 AM
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Data reveals most Victorian homes still sell outside their price guides, prompting industry warnings that similar underquoting reforms in NSW are bound to fail.

Underquoting laws miss the mark, report finds

New research has found that less than half of Victorian homes sold do so within their advertised price guide, despite nine years of underquoting laws and a government-backed enforcement taskforce .

A report for the Australian Property Institute, with property data firm Homer, analysed 102,681 Victorian residential sales in the year to June 2026 and found just 43 per cent sold within the first guide buyers saw.

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