Real estate figures call for NSW to drop proposed ban on secret rent bidding and stop interfering with market

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Real Estate Institute of NSW warns of ‘adverse outcomes’ amid fears that rental auctions would drive up prices further

, but they are permitted to accept unsolicited offers.

“It’s an old saying that says the market never lies and the market does what the market will do. If we interfere with that then there will be adverse outcomes,” he said. McKibbin added: “If we deal with rent bidding, or we don’t, it really doesn’t matter. This is one of the points I made earlier about dealing with symptoms of the problem.”

“While I’m a believer in transparency, I just feel as though it’s going to drive prices higher and cause headaches for property managers,” she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines