State Pricing Limitations

The way that pricing can be displayed on your advertisement varies from state to state. It is important to be aware of what you can display in accordance with your state regulations.

New South Wales and Victoria have the most stringent pricing rules.

Please see a summary for each state below:

New South Wales & Victoria

In New South Wales, the pricing can only be displayed in the following ways:

• A Price Guide/Range ($XXX,XXX - $YYY,YYY)
• A Flat Price ($XXX,XXX)

Or, you can have text instead of an actual number, by using the following statements:

• EOI (Expressions of Interest)
• POA (Price on Application)
• Auction 

It must not be displayed as an open ended price. Such as:

• 'From $XXX,XXX'
• Offers Above $XXX,XXX
• $XXX,XXX plus'
• $'XXX,XXX+'

There must be a definitive value or range displayed, or no value at all.

It's also important to remember that if you reject a written offer from a potential buyer within your price range, you must update your listing to show the new price that you're willing to accept.
For example, if you have listed your property for $549,000 - $569,000 and you receive a written offer for $550,000 and decide not to accept it, you must update your price guide to show this, e.g. $555,000 - $575,000.

For all New South Wales price regulations, please read this article:

http://www.fairtrading.nsw.gov.au/ftw/Tenants_and_home_owners/Selling_property/Using_an_agent/Underquoting_information_for_sellers.page? 

For all Victorian price regulations, please read this article:

https://www.consumer.vic.gov.au/underquoting

Western Australia, South Australia, Queensland and Tasmania

The above restrictions to not apply to the rest of the states. These states have a lot of flexibility around displaying the price.

The following are examples are acceptable:

• 'From $XXX,XXX'
• Offers Above $XXX,XXX
• $XXX,XXX plus'
• $'XXX,XXX+'
• A Price Guide/Range ($XXX,XXX - $YYY,YYY)
• A Flat Price ($XXX,XXX)
• EOI (Expressions of Interest)
• POA (Price on Application)
• Auction 

This is not an exhaustive list.

When selling property privately through buyMyplace, these regulations must be followed.

For help on how to edit the price on through your property portal, please click 'here'