by Greg Cooper | Jan 6, 2024 | Uncategorized
Despite a crackdown announced in September 2022, underquoting is still widespread in Melbourne. This is despite Consumer Affairs (CAV) having issued fines of over $1 million over the 15 months since they activated a taskforce to target offenders. At $11,000 per...
by admin@lgtdigital.com.au | May 8, 2021 | Uncategorized
The Melbourne property market is currently hot. Not exactly new information. But under cover of the spiking prices, agents have fallen back into underquoting to buyers. It’s bad enough that prices are moving beyond reach for many buyers, without being deliberately...
by admin@lgtdigital.com.au | Dec 7, 2019 | Uncategorized
Of course, there are also the ones that steal. First up, most agents do not cheat or steal on a daily basis. But some do. If your definition of lying is fudging prices to underquote to buyers or overquote to sellers, then there is a substantially larger pool of agents...
by admin@lgtdigital.com.au | Jun 2, 2018 | Uncategorized
As is now becoming more obvious, property prices in Melbourne are down. Probably by more than most people realise, as the published figures lag behind the current reality. As an indication of how serious the impact has been, properties are now regularly selling for...
by admin@lgtdigital.com.au | Feb 24, 2018 | Facebook Post
In an eye-popping defense of Underquoting, the owner of the rating site RateMyAgent, Mr Mark Armstrong, explains why it is quite appropriate to select an agent, a Director of Fletchers Real Estate, as their Agent of the Year. Never mind that he was directly implicated...
