While the state’s new regulations bring it in line with Victoria and WA, industry figures say rules already allow for action against the unethical practice.
, data from consultancy SQM Research shows. The tight market is prompting real estate agents to expand their rent roll, or property management business, even as sales commissions slow.
“We see a lot of competition. We’ve seen groups of 30 to 40 people for individual properties in recent times.” “If someone does offer over the asking price, out of courtesy you go back to every other applicant and say out of courtesy there has been an offer over the asking price. You’re not trying to solicit bids from people.”Tenant advocates welcomed the government intervention but said the proposed regulations would do little to affect the problems renters faced.
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