19.5% of Victorian auctions list reserves above previous price guides

Nearly 20% of homes auctioned in Victoria's first weeks under new rules had reserves above their previous price guides. The policy, implemented on October 16 to combat underquoting, revealed that 19.5% of 1,263 auction houses had this discrepancy. Experts suggest the change may shift buyer perceptions amid a challenging market.

Summary by OZbrief Editorial · SMH · Source