Real estate industry heavyweights are backing major changes to underquoting laws in Victoria, with one of the country’s biggest brands pushing for a controversial Queensland-style model that bans the provision of any price estimate to prospective buyers.

In the wake of The Age’s Bidding Blind investigation , which revealed more than half of properties sell above the top of their advertised range, the Real Estate Institute of Victoria has brought together real estate agency chief executives and other leading property figures to develop a blueprint for price guides.

This masthead spoke to six members of the REIV’s newly formed strategic working group, who agreed there was appetite for change, but had radically different opinions on the potential reforms. Many said they still had an open

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