Could pre-publishing auction reserves backfire on buyers and sellers?
Victoria's new reserve price rules and upcoming changes in NSW are raising questions about whether greater price transparency could deter buyers and sellers alike.
Auction reserves can be influenced by buyer feedback and competing interest throughout a campaign, raising questions about the value of locking in a public figure before auction day. (Image source: Mehaniq/Shutterstock.com)
Transparency is essential to a fair property market. Buyers deserve accurate information so they can make informed decisions, and sellers should have confidence that their property is being represented honestly.
But as governments introduce new rules around property price information, it is worth asking whether every measure intended to improve transparency will deliver better outcomes for buyers and sellers.
Victoria now requires sellers to publ…
