NSW Real Estate Agents Must Now List Prices More Transparently: What That Means for Conveyancing

The NSW Government has introduced reforms requiring real estate agents to advertise a single price — or a narrow price range — rather than vague guides that can mislead buyers. The intent is to reduce the frustration of buyers who attend auctions only to find the property sells well above the advertised range.

What does this mean for buyers?

If you are purchasing property in NSW, these changes give you a more accurate starting point for your budget. However, a listed price is not a guaranteed sale price — auction conditions and vendor expectations still apply. Before signing any contract, you should have it reviewed by a solicitor who can identify any conditions, special clauses, or risks that the price tag does not reveal.

What does this mean for sellers?

Vendors and their agents will need to be more deliberate about price guidance. Underquoting — a practice that has long frustrated buyers — carries greater regulatory risk under the new rules. If you are selling, your conveyancer can help ensure your contract and marketing approach are compliant.

The conveyancing angle

Price transparency reforms do not change the fundamentals of conveyancing — contract review, searches, settlement, and title transfer remain as important as ever. What they do is shift the information landscape slightly in favour of buyers. At Djeric Legal, we review contracts thoroughly so you understand exactly what you are buying before you are committed. If you are purchasing or selling property in NSW, contact us to discuss how we can assist.