Breaking: Could Victoria's New Auction Rules Make Things Worse for Buyers?

Victoria has introduced major changes to the way residential properties are sold, including new reserve price rules for auctions and fixed-date sales. But will the reforms actually make things easier for buyers?

In this breaking news episode, Ben Kingsley is joined by Couch Crew regular Ben Thompson (qualified property investment adviser by day and licensed auctioneer on weekends) to unpack the new rules and the unintended consequences buyers need to know about. 

📖Read our full breakdown
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📋 Official Consumer Affairs Victoria guidance

Timestamps
0:00 Why Victoria is changing the rules 
1:22 Understanding property price discovery 
5:17 What underquoting actually means 
6:35 The new reserve price disclosure rules 
9:26 The new Property Price Statement explained 
13:05 Rejected above reserve? What buyers should understand 
15:39 Why reserve prices may become inflated 
19:59 The hidden impact on private sales 
24:37 Who wins and loses from these reforms? 
28:14 Final thoughts and key takeaways 

LISTEN TO THE FIRST 20 EPISODES HERE >>

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