{"id":31307,"date":"2021-03-21T11:15:29","date_gmt":"2021-03-20T22:15:29","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31307"},"modified":"2021-03-21T11:15:29","modified_gmt":"2021-03-20T22:15:29","slug":"laughable-price-guides-buyer-frustration-spills-over-with-auctions","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/laughable-price-guides-buyer-frustration-spills-over-with-auctions\/","title":{"rendered":"&#8216;Laughable price guides&#8217;: Buyer frustration spills over with auctions"},"content":{"rendered":"<p><strong>PHOTO: Recent buyer Melissa Steckler said price guides were &#8220;laughable&#8221; as she quickly realised she was regularly underquoted. Photo: Peter Rae.\u00a0<span class=\"photographer\">Photo:\u00a0Peter Rae<\/span><\/strong><\/p>\n<p class=\"first-para\">Desperate <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Sydney&amp;submit=Search\">Sydney<\/a> buyers are facing the near-impossible task of finding homes they can afford as increasingly inaccurate price guides are throwing many off course in the hottest market the city has seen in years.<\/p>\n<p>A fire has been lit beneath the real estate market since the beginning of the year as cashed-up buyers with record savings and cheap credit face fierce buyer competition amid a shortage of properties.<\/p>\n<p>It has left prices soaring and those buying at auction completely frustrated by advertised price guides that are routinely being outpaced by the actual sale price.<\/p>\n<p>Recent eastern suburbs buyer Melissa Steckler watched on in dismay at a number of auctions before realising she would have to add an extra $300,000 to $600,000\u00a0to every price guide for a semi-detached home in the eastern suburbs that she was after.<\/p>\n<p>\u201cI found it pretty outrageous. It\u2019s confusing and it\u2019s also laughable,\u201d Ms Steckler said.\u00a0\u201cAnyone who has been in the market for a few weeks would see that what the agents were quoting wasn\u2019t even close to the probable sale amount.<\/p>\n<p>\u201cThe gaps between the quotes and reality was obvious. I just felt like you were getting fake information,\u201d she said, adding that she eventually had to increase her budget into the next price bracket to secure a home.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/buyers-struggle-to-get-hold-of-accurate-price-guides-in-hot-sydney-market-1036341\/\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"OnlyFans stars luxurious waterfront mansion | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/onlyfans-stars-luxurious-waterfront-mansion-watch\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/12\/OnlyFans-stars.jpg?fit=634%2C792&amp;ssl=1&amp;resize=40%2C40\" alt=\"OnlyFans stars luxurious waterfront mansion | WATCH\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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Hamish and Zo\u00eb Foster Blake add to their combined $40 million<\/a><\/div>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Recent buyer Melissa Steckler said price guides were &#8220;laughable&#8221;<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/laughable-price-guides-buyer-frustration-spills-over-with-auctions\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478098535,478115074,478108699,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478103375],"class_list":["entry","author-data123nz","post-31307","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-melissa-steckler","tag-price-guides","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney-buyers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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