If you've bought a house lately - or tried to - then you'd know the price advertised for properties in the big cities are, more often than not, way below what they sell for. 

But we've never really had a handle on how widespread underquoting is. Until now.

In a new investigation that analysed tens of thousands of property sales in Sydney and Melbourne, our mastheads have uncovered an extraodinary level of misinformation and deception faced by property buyers.

In today's episode, reporters Aisha Dow and Lucy Macken take us through the results of this investigation and how dodgy price estimates are an open secret in Australia's property market.

To read all the stories in the 'Bidding Blind' series, go to: https://www.theage.com.au/national/bidding-blind-melbourne-20250724-p5mhkc.html

If you've bought a house lately - or tried to - then you'd know the price advertised for properties in the big cities are, more often than not, way below what they sell for.&nbsp;
But we've never&nbsp;really&nbsp;had a handle on how widespread underquoting is. Until now.
In a new investigation that analysed tens of thousands of property sales in Sydney and Melbourne, our mastheads have uncovered an extraodinary level of misinformation and deception faced by property buyers.
In today's episode, reporters Aisha Dow and Lucy Macken take us through the results of this investigation and how dodgy price estimates are an open secret in Australia's property market.
To read all the stories in the 'Bidding Blind' series, go to: <a href="https://www.theage.com.au/national/bidding-blind-melbourne-20250724-p5mhkc.html">https://www.theage.com.au/national/bidding-blind-melbourne-20250724-p5mhkc.html</a>

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

'You're not imagining it': Inside our 18-month investigation into 'misleading' property price guides

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/e7c99669-76c4-4151-a319-b33300449022/transcript

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