Auction price guides banned in Queensland

Auctions in Queensland are set to go through perhaps one of the most drastic – and illogical changes in legislation.

Price guides has been used to align buyers expectations with properties sold at auctions. Starting December of this year, it will be deemed illegal for real estate agents to provide a price guide, or at the very least, discuss prices of properties – both auctioned and even prices of surrounding homes. This legislation is supported by the Real Estate Institute of Queensland.

Read more about this on the Property Observer website.