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flag Melbourne's property market faces underquoting, with over 50% of homes selling above advertised prices.

flag Melbourne's property market is grappling with underquoting, where properties sell well above advertised prices, especially in the north, east, and outer suburbs. flag This issue, highlighted by an investigation of 26,000 property sales, sees over 50% of houses and 56% of townhouses sell above their price guide. flag The Real Estate Institute of Victoria supports transparency measures like disclosing reserve prices and providing free building reports to combat these practices.

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