A Crackdown On the Illegal Real Estate Practice of Underquoting

Victoria is cracking down on underquoting in real estate, netting $1 million in fines over the past 18 months, but what is the illegal practice, and how do we stop it?

Tamsin Lapointe and Tori Huxtable, who created the app Auction Snitch, recently explained on The Project…

Pennisi Real Estate is committed to transparency in everything we do. Every property sold by Pennisi is listed with an indicative selling price based on current market conditions and comparable, recently sold properties in the area.

Subsequently, sale prices are only ever withheld under exceptional circumstances where privacy is paramount, and made available to interested parties upon request.

For an accurate, honest assessment on the value of your property in an evolving market, click below to complete a 30-second form and we’ll be in touch with a no-obligation appraisal, empowering you to make better-informed decisions about the future of your greatest asset.