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The Guardian - AU
The Guardian - AU
National
Catie McLeod Consumer affairs reporter

Real estate agents may have to include price guides on all NSW listings ‘so buyers don’t waste their time’

New South Wales Labor NSW Fair Trading
Sydney housing
The Minns government’s underquoting laws are modelled on Victorian legislation, which passed in 2016. Photograph: mikulas1/Getty Images/iStockphoto

Real estate agents in New South Wales could be fined $110,000 or more if caught underquoting properties under proposed laws intended to stamp out misleading price estimates and increase transparency for buyers.

The Minns government has started consultation with the property sector as it prepares to draft legislation to enact tougher underquoting laws, which it expects to introduce to parliament next year.

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