Fair Trading news and announcements

NSW Fair Trading (NSWFT) has undertaken unannounced visits to 64 real estate and property services businesses on the Central Coast resulting in on the spot fines, warning letters and the opening of an investigation into a real estate agent for repeated underquoting breaches.

The Minns Labor Government has continued its crackdown on underquoting by issuing ‘please explain’ notices to 25 real estate agencies in NSW showing indicators of misleading price estimates in recently sold properties.

More than 1.2 million people who live in strata homes across the state are set to benefit from another suite of reforms being introduced to NSW Parliament in the final stage of the Minns Labor Government’s ambitious program to modernise strata laws.

The Minns Labor Government is set to overhaul the state’s underquoting laws, with consultation beginning on proposed reforms to lift professional standards across the real estate sector, improve transparency in property listings and boost buyer confidence. 

NSW Fair Trading has released its annual Strategy and Priorities Annual Report for 2024-25, outlining the significant actions taken against its Strategy and Regulatory Priorities during the period.

New strata laws are now in place to provide relief for owners facing cost-of-living pressures.  This includes new powers for NSW Fair Trading to ensure repairs and maintenance of common property aren’t neglected in a bid to prevent owners from being hit with expensive special levies. 

Victim-survivors of domestic violence will have greater power to leave unsafe homes and protect their privacy under sweeping tenancy reforms passed by the NSW Parliament yesterday evening.

NSW Fair Trading has prosecuted the owner of wedding photography company Andres & Co.

A wedding photographer and videographer who accepted payments from couples and failed to deliver the product has been convicted, fined $48,250 and ordered to pay $51,760 to compensate those couples.

The regulation of NSW retirement villages has been strengthened with improved transparency for residents, reduced administrative burden for operators and new powers allowing NSW Fair Trading to address operators not complying with regulations.