Episode 83: Underquoting Crackdown Falls Flat

Hosts Ciaran O'Brien and Peter O'Malley take a hard look at the NSW Government’s underquoting reforms, which have resulted in just 95 fines—each a mere $2,200—doing little to curb misleading price guides in Sydney’s high-stakes market. With buyers now instinctively adding 10–25% to quoted prices, transparency is collapsing, and trust is eroding.

We break down why the current system enables compliant underquoting, how buyers and vendors are responding, and what lies ahead as the market enters a typically slower stretch around Easter, Anzac Day, and the looming federal election.

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