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Regardless of this point, it is a contravention of the Australian Consumer Law to deliberately underquote a property through its price guide. Yes, consumers can see through this by doing market research, but the obligation is initially on the estate agents, not on consumers. You can't justify...

Auctions I attended over the weekend were frankly scary, multiple bidders and sales well over reserve/price guide. Hopefully (for buyers) the activity dies down after a few big auction weeks. There's definitely a build up of buyers from the Christmas/New Year hiatus.