Josh's joshings 'The buck starts here' Josh
"The finest and most perceptive blog in the entire Universe" - Jayson (not Tony) Blair
Email me *
How easy is it to recognise irony.
Big boys (& girls)
British Journalism Review*
Worth a look
The Feral Eye*
I live on your visits*
Jak - Vancouver*
Reflections in D minor*
Drabness is a state of mind
Tuesday, January 14, 2003
Since Australia is such a desirable place to live, I have been looking into how houses are bought and sold. This has led to my finding out a few more things about the property market here. I note that the majority of sales are achieved through auction. This, in turn, has led to a television programme following selected auctions. It’s a bit like a combination of Hot Property and Location; Location; Location, both of which have their equivalent here, too. (Oh yes, and there’s an Aussie ‘Ground Force’, sans Alan Titchmarsh. Shame, really.)
That so many properties are sold through auction does not have universal approval. Indeed, there is one estate agent who thinks it about time the sector cleaned up its act. Could this be true? An ethical estate agent? Whatever next?
Well, this agent has written and published a book about industry malpractice. Curiously enough, I have just received a circular on the same subject, trying to exert some influence over Victorian state legislation governing auctions. It appears that current proposals do too much to benefit the industry and not enough to protect the consumer. These are some of the naughty things, together with the remedies suggested:
Dummy bidding. These are often slipped into auctions - I’ve seen it on the ‘Hot auction’ programme here. The suggestion is that bidding should start at the reserve price.With agents like this rooting for appropriate legislation, one might feel that consumerism was getting an entirely appropriate crack of the whip. There is more information here.
Comments: Post a Comment