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The Guardian - AU
The Guardian - AU
National
Caitlin Cassidy

New taskforce to crack down on real estate underquoting in Victoria

Victoria CAV David Morrell Melissa Horne
A real estate advertising board is seen next to block of white apartments
The taskforce embedded in Consumer Affairs Victoria will focus on monitoring property prices and conducting inspections to check for compliance with underquoting laws. Photograph: Lukas Coch/AAP

The Victorian government has announced a dedicated taskforce to crack down on underquoting in the real estate industry, but buyers advocates say tougher penalties are needed to stamp out the practice.

The $3.8m taskforce will investigate allegations of deceptive property prices across the state, building on Consumer Affairs Victoria’s (CAV) auction monitoring, inspections and investigations.

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