00:00Bringing down the hammer on dodgy practices.
00:05And underquoting is dishonest, it is unethical, and it is cruel.
00:10The Victorian government's drafting new laws, making it compulsory for real estate agents to publish the reserve price of properties a week before auction.
00:19The changes would be in Australian first, and mean agents could be stopped from selling if they don't comply.
00:25The main victims of underquoting are young, prospective first home buyers.
00:31It is a blunt instrument that vendors will then no longer have the choice as to how they bring their property to market.
00:37Congratulations, sold!
00:40Home buyers aren't the only ones who feel the property market is stacked against them.
00:45There was mould on both the inside and the outside of the tap, so we had no drinking water for 18 months.
00:51For renter Jaren Patterson, resolving his rights at VCAT was an 18-month ordeal.
00:57Mentally, it's taken up pretty much every second that I've had.
01:01In June, rental dispute resolution Victoria was created to help clear VCAT's backlog.
01:07It's resolved more than 5,000 cases since, the majority within two weeks.
01:12It doesn't seem like fairness is being prioritised. It seems more like efficiency is most important to the mediator.
01:19In its latest report, Annika Legal spoke with 50 renters defending bond claims through the RDRV,
01:26and found 94% were told to make an offer of settlement before the landlord shared any evidence,
01:32while nearly half were told they would have to give up some of their bond amount.
01:36Landlords should not have this kind of disproportionate power over renters.
01:41Keeping the house in order is no easy feat.
01:49The RDRV is a reliable building on every PAYLEN,
01:52not only 1,000 people who are committed to unrest.
01:54This can be considered by a new PAYLEN.
01:55It includes an actual CYC and a new PAYLEN.
01:57It's not designed by an actual PAYLEN.
01:58It's indeed a PAYLEN.
01:59It extends the PAYLEN.
02:00It's currently been paid for its own PAYLEN.
02:01It's not advertised for the current PAYLEN.
Comments