Thursday, 3 April 2025

North-Eastern Metropolitan Region

Aiv PUGLIELLI (North-Eastern Metropolitan) (12:42): (1525) My question today is to the Minister for Consumer Affairs. I have been contacted by a constituent from my region who is attempting to buy their first home with their wife. They have found the process of househunting in the North-East Metro Region to be very frustrating and quite disappointing. They are coming across houses at auctions where the reserve price is set at a higher rate than the advertised range for the home, and after investing time and resources in considering the purchase of a home, they then find out that it is in fact unaffordable for them. Minister, their proposal is that the underquoting legislation should be updated to stipulate that any auction reserve price must be no more than the advertised price range for the home. Will you consider making these changes?