Rent fair? Changes are coming to the Residential Tenancies Act in Victoria
Rent fair? Changes are coming to the Residential Tenancies Act in Victoria. Parliament voted through these changes late on the 6th of September, 2018. So tenants, landlords and property managers get ready for 130 changes that will affect your relationships going forward. At the latest, this will be introduced in July, 2020 but I expect […]
Victoria’s new underquoting laws
How is the real estate industry embracing and implementing Victoria’s new underquoting laws? Effective from the 1st of May, there are new laws introduced by Consumer Affairs Victoria (CAV) to prevent real estate agents and vendors from underquoting to prospective buyers. Many changes have been introduced. CAV’s website tells us the following: “All Victorian estate […]
Melbourne Agent fined $330,000 for underquoting
A Melbourne agent fined $330,000 for underquoting will be feeling the pain with this fine. It is true that deceptive practices such as underquoting waste the time and money of Victorians on properties they simply cannot afford. “Underquoting erodes the confidence of purchasers and vendors in the conduct of real estate agents.” According to the […]