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Here's what i think is a classic case of under quoting http://www.realestate.com.au/property-residential+land-nsw-baulkham+hills-201151575 Agent told everyone the price guide was $800-$850k. He showed other vacant blocks of land sold for around $800-$900k as part of his sales "pack"...

Surely the concept of having reserve prices published at the beginning of an auction campaign has been brought up in the past..... any idea what happened to it?

hehe i like that one. Im going to try that out. Does that apply to auctions as well? It really annoys me when agents say "we dont know what the reserve is until 20 mins before the auction commences". Seriously WTF? As if the vendor doesnt know what price they want. Also im curious, its against...