NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings

The Guardian - World NewsCenter-LeftEN 1 min read 100% complete by Ben SmeeMarch 15, 2026 at 01:17 AM

AI Summary

short article 1 min

The New South Wales government will implement new laws this week targeting property underquoting. These laws mandate that sellers publish price guides on all property listings. The initiative aims to create a fairer property market by preventing real estate agents from providing misleading price estimates to inflate interest. Fines for underquoting and dummy bidding will significantly increase, reaching $110,000. The government hopes these measures will discourage deceptive practices and promote transparency in the NSW property market. The draft laws were initially announced last year.

Key Entities & Roles

Key Player Opposition Context

Australia 60% New South Wales 90% New South Wales government 95%

Keywords

property underquoting 100% nsw 90% price guide 80% real estate 70% misleading price estimates 70% dummy bidding 60% property market 60% fines 60% property listings 50%