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NSW Boosts Homebuyer Protections with Tough New Real Estate Laws

3/15/2026

Summary

Story summary

The New South Wales government will introduce laws requiring property sellers to publish price guides in advertisements to curb underquoting.
Fines for underquoting by real estate agents will rise to $110,000, five times the previous amount.
The reforms impose penalties for "dummy bidding" to increase transparency.
NSW Fair Trading Minister Anoulack Chanthivong said the reforms will protect homebuyers and deter misconduct.
Similar measures are being considered in Victoria.

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Story summary

The New South Wales government will introduce laws requiring property sellers to publish price guides in advertisements to curb underquoting.
Fines for underquoting by real estate agents will rise to $110,000, five times the previous amount.
The reforms impose penalties for "dummy bidding" to increase transparency.
NSW Fair Trading Minister Anoulack Chanthivong said the reforms will protect homebuyers and deter misconduct.
Similar measures are being considered in Victoria.