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Straight from the Fair Trading Website on how to protect yourself from gazumping. http://www.fairtrading.nsw.gov.au/Tenants_and_home_owners/Buying_property/Making_an_offer/Gazumping.html

In NSW the REA must present all bonafide offers to the vendor, you can also request they provide proof that this has occured. If the REA or Vendor advises that they have had other offers you can demand written proof that these offers have been made. Regards Andrew