NSW forces price guides on property ads and hikes underquoting fines
Mar 14th 2026
The NSW government will require price guides and calculation statements on all listings, raise underquoting and dummy bidding fines to $110,000, and ban misleading price advertising as it tightens real estate rules.
- Sellers must publish a price guide on all property advertising in new draft laws.
- Underquoting fines increase to $110,000 or three times an agent's commission, whichever is greater.
- Dummy bidding will carry a $110,000 penalty.
- Agents must publish a statement of information detailing how the price was calculated, including comparable sales and average prices.
- Agents cannot advertise a property at a lower price than one previously rejected.
- Victoria is introducing similar disclosure rules, marking wider momentum for tougher real estate regulation.
Articles
- Australia news live: new laws to crack down on property underquoting in NSW; inflation could reach ‘high fours’, Chalmers says www.theguardian.com
- NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings www.theguardian.com
- No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says www.theguardian.com