{"id":41050,"date":"2022-11-30T10:45:36","date_gmt":"2022-11-29T21:45:36","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=41050"},"modified":"2022-11-30T10:45:36","modified_gmt":"2022-11-29T21:45:36","slug":"whats-wrong-with-australias-real-estate-industry","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/whats-wrong-with-australias-real-estate-industry\/","title":{"rendered":"What&#8217;s wrong with Australia&#8217;s real estate industry?"},"content":{"rendered":"<p><strong>PHOTO: Four Corners wants to know about your real estate industry experiences and insights.<cite class=\"YtLlr _6-U8a eASP4 wyhGI _8teMo _5pKBM Z9DeZ\" data-component=\"Figure__cite\">(<span class=\"YtLlr _3KUwV eASP4 fm7dv _8teMo _5pKBM Z9DeZ\" data-component=\"Byline\"><span class=\"YtLlr eASP4 wyhGI _8teMo _5pKBM Z9DeZ\" data-component=\"Text\">Four Corners: Nick Wiggins, Unsplash: Steffen Wienberg<\/span><\/span>)<\/cite><\/strong><\/p>\n<p class=\"_39n3n\">It&#8217;s one of the most expensive decisions of your life:\u00a0finding a place to live.<\/p>\n<p class=\"_39n3n\">Whether you&#8217;re buying, selling or renting, the process can be stressful and financially draining.<\/p>\n<p class=\"_39n3n\">Yet stories abound about unethical and misleading tactics employed by the professionals who are supposed to guide us through this process: real estate agents.<\/p>\n<p class=\"_39n3n\"><strong>Four Corners wants to hear about your experience with the real estate industry. Use\u00a0<a class=\"Mgb+U eFAYl _6gEQP f7oap\" href=\"https:\/\/yourquestions.abc.net.au\/hc\/en-au\/requests\/new?ticket_form_id=5883012733455\" data-component=\"ContentLink\" data-uri=\"coremedia:\/\/externallink\/101705468\">this form<\/a>\u00a0to tell us your story.<\/strong><\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/man-alleged-to-threaten-top-real-estate-agents-home-opens-faces-fight-for-his-own\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image ls-is-cached lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap.jpg\" sizes=\"(max-width: 460px) 100vw, 460px\" srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap.jpg 2276w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-300x169.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-768x432.jpg 768w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-1024x576.jpg 1024w\" alt=\"Vivien Yap\" width=\"460\" height=\"259\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap.jpg 2276w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-300x169.jpg 300w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-768x432.jpg 768w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap-1024x576.jpg 1024w\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/11\/Vivien-Yap.jpg\" data-sizes=\"(max-width: 460px) 100vw, 460px\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/man-alleged-to-threaten-top-real-estate-agents-home-opens-faces-fight-for-his-own\/\" rel=\"bookmark\">Man alleged to threaten top real estate agent\u2019s home-opens faces fight for his own<\/a><\/h2>\n<\/header>\n<\/div>\n<p class=\"_39n3n\">Are you a <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=real+estate+agent&amp;submit=Search\">real estate agent<\/a> or do you work in the industry? We&#8217;d love to hear from you.<\/p>\n<p class=\"_39n3n\">Are you buying or selling? Have you been affected by\u00a0<strong>underquoting?<\/strong>\u00a0It&#8217;s a well-documented issue in the industry in which agents intentionally give a lower price for a property than what it&#8217;s estimated to sell for in order to artificially drive up competition.<\/p>\n<p class=\"_39n3n\">The ACCC warns of other unethical practices too, such as agents making\u00a0<strong>false claims<\/strong>\u00a0about offers on a property and\u00a0<strong>&#8220;dummy bidding&#8221;<\/strong>.<\/p>\n<p class=\"_39n3n\">Australia has a housing affordability problem, we are in the grip of a rental crisis, interest rates are rising and costs of living are soaring.<\/p>\n<p class=\"_39n3n\">We want to know how issues in the real estate industry are adding pressure to an already-overheated market.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/disgraced-real-estate-agent-karl-howards-week-long-drug-binge-watch\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/02\/Karl-Howard-306x270.jpg\" alt=\"Karl Howard\" width=\"306\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/02\/Karl-Howard-306x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/disgraced-real-estate-agent-karl-howards-week-long-drug-binge-watch\/\" rel=\"bookmark\">Disgraced real estate agent Karl Howard\u2019s week-long drug binge | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2022-11-30\/four-corners-what-wrong-with-australia-s-real-estate-industry\/101692242\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR IN NEW 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data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97176-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97176-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97176-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97176-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97176-featured-75x75@2.5x.jpg 2.5x, 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https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97060-featured-75x75@3x.jpg 3x\" alt=\"Jamie Cameron\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; --smush-placeholder-aspect-ratio: 75\/75;\" \/><\/a><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/ex-real-estate-agents-tiny-homes-company-goes-into-liquidation\/\" target=\"_self\" rel=\"noopener\">Ex real estate agent\u2019s Tiny Homes company goes into liquidation<\/a><\/li>\n<li><a href=\"https:\/\/www.propertynoise.co.nz\/young-real-estate-agents-brutal-response-to-sleazy-homebuyer\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97101-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97101-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97101-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97101-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/97101-featured-75x75@2.5x.jpg 2.5x, 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