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As a rule of thumb for many reasons in addition to this, I avoid OTP or even brand new (unless I'm living in it for lifestyle reasons). The Y-man

This is actually not that strange. Due to the FIRB, overseas buyers can only pick up OTP (and since they don;t have a choice, they prices can be marked up beyond what can be sold to a local market). These agencies you mention are there to sell direct to the overseas market - eg Chinese...

Just make sure they are a registered agent first up https://online.justice.vic.gov.au/cav/bla-search-criteria?mode=E Make sure any deposit goes to agent's trust fund (we were young and stupid - wrote it to the company, which wasn't even a registered REA - but then we weren't the only ones...

Yes one did and stole our $30,000 deposit many years ago. The Y-man