New home price laws divide experts in NSW

Industry experts are divided about new laws making home sellers in NSW display an asking price or price guide that will start within weeks. The new laws will force vendors and real estate agents to disclose an asking price or price range when advertising a home for sale in a bid to tackle underquoting. The NSW state government passed the the reforms through parliament earlier this year, with the new price disclosure laws taking effect from 17 November 2026.Read this explainer on the new NSW home price law changes.The state’s peak real estate body, the Real Estate Institute of NSW (REINSW), says the new laws will deliver little benefit, however buyers’ advocates have welcomed the change. “Let’s be clear: these changes are about politics, not policy,” REINSW general manager Aaron Barber said. “Sellers and buyers will experience little, if any, impact. Agents already use comparable sales to estimate an approximate sale price for a property but it is an inexact science, because a purchaser is free to make their best offer for any property they’re interested in. “The new laws simply add another layer of administration to the process.” What buyers wantLack of pricing persists as the top ...