Real Estate was in the news today in the Courier Mail (Saturday 30/11/2013) with comments and quotes from industry related businesses and agents.

The variety of information and commentary makes it easy to understand why average buyers and sellers are confused.

Page 9 – Bill to ban auction price help

According to the article price guides for properties going to auction will be prohibited under new legislation that will make buying a home more complicated and time consuming.

Under the Bill currently before the State Government we, as agents, will be penalised if we provide potential buyers with any sort of price guide. However, with the seller’s consent we can give a potential buyer who directly requests it a comparative market analysis (CMA) or a “written opinion” of what the property is worth. That seems contradictory in itself and would mean that a buyer would have to “formally” request the CMA and receive it in writing from the agent before determining if the property was worth considering.

REIQ CEO Anton Kardash sSays it will “give clarity” while CEO of McGrath Estate Agency, John McGrath describes it as “insanity”. Andrew Winter of Selling Houses Australia said the legislation would hurt buyers and sellers.