Melbourne buyers and their advocates are calling for a crackdown on underquoting as properties continue to sell for hundreds of thousands of dollars beyond the top range of price estimates.
Consumer Affairs Victoria has been inundated with complaints about underquoting, recording 383 inquiries between February and the end of April, a 129 per cent increase on the same period last year and up 34 per cent from 2019.
To read the entire article by Henrietta Cook on The Age, please click here.
Tags: auction results, price guides, underquoting