Fair Trading investigators found that 20 of 23 properties (flats especially) presented a discrepancy of more than 20 per cent between the minimum promoted price and the price achieved on auction day. Two of those returned a difference of more than 50 per cent.
Spokesman Graham Humphreys says there is no list or guideline in terms of tolerances.
"Each case is looked at on its merits and the circumstances involved because property prices vary so much dependent on suburb and location," he says. "So we look at individual cases to see what's reasonable in the circumstances."
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