80. Market Update: Pricing Transparency & Buyer Behaviour!
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80. Market Update: Pricing Transparency & Buyer Behaviour!
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In this week’s episode, Kurt kicks things off with a slice of humble pie, correcting Chris on a recent mix-up about legislation. The pair clarify the rules around agents disclosing the price listed on the agency agreement when asked — an important one for both buyers and sellers.
Chris and Kurt double down on the need for greater pricing transparency in the market and throws out a fascinating stat: can you guess what percentage of buyers are skipping past properties with no price on the ad?
The team also unpacks when it's actually appropriate to not include a price guide, such as in the case of truly unique or incomparable homes. But they both agree on one major downside for agents: not listing a price can lead to losing listings — full stop.
And finally, how’s the Sydney market tracking? You’ll be surprised by the growth figures over the past 3 months — tune in to find out just how much values have shifted!
#SydneyPropertyMarket #RealEstateTransparency #PriceGuideMatters #UniqueHomesChallenge #PropertyGrowthUpdate