Money Underquoting: Hocking Stuart Yarraville, Professionals Croydon admit breaches

12:36  12 january  2017
12:36  12 january  2017 Source:   The Age

Man spends life savings on field in bid to find lost medieval city

  Man spends life savings on field in bid to find lost medieval city A history fan was so convinced that secrets were hidden beneath the soil of an empty field he blew his entire life savings to purchase it. Stuart Wilson has been finally proved right 12 years later after he dug it up to discover it was home to a medieval city.

Taskforce Vesta also found that O’Brien Real Estate Croydon , trading as Professionals Methven Croydon , had underquoted in advertising for several properties in Croydon , Mooroolbark, Wonga Park and Chirnside Park. The directors of both Hocking Stuart Yarraville and O’Brien Real Estate admitted the breaches and agreed to pay ,000, as well as signing an enforceable undertaking that requires them to employ, at their cost, compliance officers.

Hocking Stuart Yarraville , has admitted to underquoting 63 Ballarat Rd, which broke the Footscray price record in 2015. TWO more Melbourne real estate agencies have been punished for underquoting , with one caught telling a client the practice was “just a little (marketing) ploy we do” to “get people through the door”. Hocking Stuart , Yarraville , and O’Brien Real Estate, Croydon , are the latest to admit to misleading buyers by quoting price ranges that were lower than estimated sale prices. RELATED: Hocking Stuart , Doncaster facing legal action over underquoting claims.

Real estate agents in Melbourne's west and east have been caught deliberately underquoting properties for sale, in some cases by hundreds of thousands of dollars.

In one case L & L Dardha Real Estate, which operates as a franchisee of Hocking Stuart in Yarraville, admitted to a vendor that they deliberately underquote to get buyers interested.

The 25 Most Common Passwords Of 2016 Are Still Garbage

  The 25 Most Common Passwords Of 2016 Are Still Garbage "123456" is still the most common password that is used online. That's despite numerous security experts warning against using simple passwords. Make it stop. We have some advice for people who are too lazy to think up secure passwords.

Dr. Oz Admits 'Mistake' In Backing 'Miracle' Weight.

A judge fines Hocking Stuart Richmond for underquoting properties, saying consumers were likely to be significantly inconvenienced, disappointed and deceived.

The vendor emailed agent Leigh Dardha and asked him to bump up the price advertised for 1 Gordon Parade, Yarraville, to a discussed value of $895,000.

In an email cited by Consumer Affairs Victoria documents, Mr Dardha replied: "With the quote range leave this with me we are going to start at $850plus [sic] to get people through the door and then bump the price up the second week of the campaign. It's just a little marking [sic] ploy we do."

The vendor set an auction reserve price of $1.05 million, and the property was passed in at $997,550.

The investigation was carried out by Taskforce Vesta as part of the Andrews government's crackdown on underquoting. Earlier this month Consumer Affairs Victoria announced it was taking Hocking Stuart Doncaster and Fletcher & Parker Balwyn to court.

The world's most popular password is depressingly easy to guess

  The world's most popular password is depressingly easy to guess  Recommendations about good security practices are just failing to get through to a lot of people. "The list of most-frequently used passwords has changed little over the past few years," it writes. "That means that user education has limits. While it’s important for users to be aware of risks, a sizable minority are never going to take the time or effort to protect themselves. IT administrators and website operators must do the job for them."Longer passwords can be harder to remember. But that's not an excuse to just use qwerty.

Australia's largest-selling daily newspaper, published in Melbourne. Includes Victorian, national and world news, plus entertainment, sport and business. Real estate underquoting : Hocking Stuart Richmond to face court.

Oh no! Looks like we've made a room and flatmate connection already. This advert has been closed studio flat 1 month croydon .

Taskforce Vesta also found that O'Brien Real Estate Croydon, trading as Professionals Methven Croydon, had underquoted in advertising for several properties in Croydon, Mooroolbark, Wonga Park and Chirnside Park.

The investigation found that the agent knew that vendors were not prepared to sell for a price quoted in advertisements.

The investigation into Hocking Stuart Yarraville also found that at other properties, agents emailed prospective buyers quoting prices below the agreed value with the vendor.

At 63 Ballarat Rd, Footscray — which sold for $2.1 million in December 2015 on a reserve of $1.55 million — the company emailed prospective buyers that the price would be either $1 million-plus or $1.2-$1.3 million despite the property selling in March 2014 for $1.3 million and the house being renovated. The property was also advertised for $1 million-plus.

Artist Creates Monochromatic 'Abandoned' Mansions With LEGOs

  Artist Creates Monochromatic 'Abandoned' Mansions With LEGOs The eerie homes look like they're crumbling from disrepair.Doyle has three crumbling houses in his Abandoned Houses series so far: 'Victorian on Mud Heap,' 'Victorian With Tree,' and 'Two Story With Basement.' Each creation has a similar old-timey, Halloween feel to it. Impressively, all the houses are made purely with LEGO, void of any foreign objects, paint, or glue. Our favorite of the bunch, Victorian With Tree, uses 50,000 to 60,000 pieces, and took about 450 hours to build. You can check Doyle's website for details on how each structure was built.

Warning: require_once(/home/cbcbb/public_html/includes/framework.php): failed to open stream: Permission denied in /home/cbcbb/public_html/index.php on line 38. Fatal error: require_once Call to treat dental hygienists as professionals ».

no page selected Darren Debono admits to Attard hold-up.

Hocking Stuart Yarraville also admitted to misleading potential buyers by using a 'blind price' on real estate website causing properties to be advertised in a lower price bracket than the estimated selling price.

The directors of both Hocking Stuart Yarraville and O'Brien Real Estate admitted the breaches and agreed to pay $45,000, as well as signing an enforceable undertaking that requires them to employ, at their cost, compliance officers.

The companies must also display notices on its website and in its office that it underquoted properties.

Hocking Stuart chief executive Simon Jovanovic said he was disappointed the Yarraville office had done the wrong thing, warning that any future underquoting could result in the termination of the franchisee.

"As the franchisor of the Hocking Stuart group, we categorically reject unlawful activity. We are 100 per cent committed to ensuring our agents are operating at a best practice level for our customers," he said.

Acting Consumer Affairs Minister Lisa Neville said Victorian home buyers deserved a fair go and new laws would help house hunters.

Brangelina have released their first joint statement

  Brangelina have released their first joint statement Brad Pitt and estranged wife Angelina Jolie have released their first joint statement since the couple announced their split in September 2016.Their statement, released on Monday night local time to the Associated Press, revealed that they have reached an agreement to keep future details of their divorce confidential by using a private judge.

Terms of use | Privacy. Save Job SearchSave SearchSave Job Search: direct care professionals .

No Breaking News at this time. RELATED: ' Breach in protocol' led to infection of second Ebola patient.

"Underquoting is not a smart sales tactic – it's illegal. These undertakings serve as a serious warning to agents doing the wrong thing," Ms Neville said.

"There's nothing clever about deceiving people who are making one of the biggest purchases of their life."

What to watch next
  • Poor sanitation blamed for  India's poor health

    Poor sanitation blamed for India's poor health

    ABC News Logo
    ABC News
    1:51
  • Packer is rejoining the board of Crown resorts

    Packer is rejoining the board of Crown resorts

    ABC News Logo
    ABC News
    0:53
  • State Opposition is pushing for a radical change to the law

    State Opposition is pushing for a radical change to the law

    ABC News Logo
    ABC News
    1:55
  • Paul McNamee has called on Aus Open to raise prizemoney

    Paul McNamee has called on Aus Open to raise prizemoney

    ABC News Logo
    ABC News
    2:16
  • With the Australian Open now just six days away an army of ball boys and girls is preparing to share centre stage.

    With the Australian Open now just six days away an army of ball boys and girls is preparing to share centre stage.

    ABC News Logo
    ABC News
    1:37
  • Kelly O'Dwyer speaking about on parliamentary expenses.

    Kelly O'Dwyer speaking about on parliamentary expenses.

    ABC News Logo
    ABC News
    0:41
  • Extreme heatwave conditions in central and sth QLD

    Extreme heatwave conditions in central and sth QLD

    ABC News Logo
    ABC News
    1:57
  • NT govt could face compensation claims over abuse

    NT govt could face compensation claims over abuse

    ABC News Logo
    ABC News
    1:25
  • Government frontbencher Kelly O'Dwyer spoke to the media on Tuesday regarding concerns over parliamentary expenses.

    Government frontbencher Kelly O'Dwyer spoke to the media on Tuesday regarding concerns over parliamentary expenses.

    ABC News Logo
    ABC News
    13:27
  • Imagine not being able to see or hear

    Imagine not being able to see or hear

    ABC News Logo
    ABC News
    2:43
  • Ugly scene outside trial of Jakarta's Christian governor

    Ugly scene outside trial of Jakarta's Christian governor

    ABC News Logo
    ABC News
    1:11
  • Former juvenile detainees could be compensated

    Former juvenile detainees could be compensated

    ABC News Logo
    ABC News
    2:05
  • A heatwave is on its way for NSW

    A heatwave is on its way for NSW

    ABC News Logo
    ABC News
    0:32
  • Family hoping to tackle the city's homelessness

    Family hoping to tackle the city's homelessness

    ABC News Logo
    ABC News
    0:53
  • The reason behind record number of shark sightings

    The reason behind record number of shark sightings

    ABC News Logo
    ABC News
    1:37
  • Andrew Wilkie speaks on  parliamentary allowances

    Andrew Wilkie speaks on parliamentary allowances

    ABC News Logo
    ABC News
    7:44
UP NEXT
UP NEXT

Tait dumped for must-win BBL match .
Paceman Shaun Tait has been dropped from Hobart Hurricanes squad to take on Melbourne Renegades. Hobart Hurricanes have dumped paceman Shaun Tait for their must-win Big Bash clash with Melbourne Renegades.The paceman returned from a two-game injury absence on Sunday to be belted for 32 runs from two overs while failing to take a scalp against Sydney Thunder.Skipper Tim Paine confirmed Tait won't travel to the MCG for Thursday's game.

—   Share news in the SOC. Networks

Comments:

comments powered by HyperComments
This is interesting!