New Zealand's commerce watchdog found Valocity may have restricted competition, leading to costlier property valuations.

New Zealand's Commerce Commission found that Valocity, a property valuation firm, may have been limiting competition and leading to higher property valuation costs. Valocity agreed to let borrowers reject set fees and request quotes from valuers, changes expected in March 2025. The Commerce Commission sees this as a step to improve competition and consumer options in property valuations.

December 03, 2024
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