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AAP
AAP
Farid Farid

Baiting home buyers with low prices to be chopped

Home Prices Anoulack Chanthivong
Home buyers are led on an emotional rollercoaster by agents who underquote home prices. (Diego Fedele/AAP PHOTOS)

Flashy real estate agents preying on buyers in an aggressive property market could be slugged with huge fines under an underquoting crackdown.

Under proposed reforms, maximum penalties will soar from $22,000 to $110,000 to remove the financial incentive for agents to dupe anxious clients in Australia's most expensive property market.

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