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 Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents

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RR Phantom

RR Phantom

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Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents Vide
PostSubject: Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents   Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents Icon_minitimeSun Aug 21, 2011 4:00 am
CONSUMER Affairs Victoria has raided the offices of the real estate agents that last night auctioned the four properties in Channel Nine's The Block series.

It is believed that they took copies of documents relating to The Block properties that are used to detect the illegal practice of underquoting, whereby a property's value is deliberately underestimated to bait interest from home buyers.

More than 2 million people are expected to watch tonight's television finale, which will reveal who sold, who didn't and which couple won the popular reality renovation contest.

But the contestants - Jenna and Josh, Katrina and Amie, Polly and Waz, Tania and Rod - sold in a tough market and under unusual conditions at a closed auction last night attended by about 200 people. Channel Nine last night said that there were more than 20 registered bidders.

http://www.theage.com.au/victoria/state-raids-the-block-estate-agents-20110820-1j3xj.html?from=smh_ft
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RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents Vide
PostSubject: Re: Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents   Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents Icon_minitimeTue Aug 23, 2011 6:22 am
Block producer slams watchdog


The executive producer of The Block has slammed Consumer Affairs Victoria for scaring off potential buyers from the group-auction finale held on Saturday and broadcast on Sunday night to a year-best audience of 3.09 million viewers.

Anti-free trade OZschwitz Consumer Affairs raids popular television program's estate agents Bwide-408x264

Julian Cress, co-owner of Watercress Productions, which made the show for Nine, said the investigation into underquoting by the four estate agents contracted by the contestants on the reality renovation show had created the impression that the reserve prices on all four houses were well above $1 million when history would show that was clearly not the case.

‘‘It was an absurd investigation in the first place and I’d think today they’d be taking a long hard look at themselves,’’ said Mr Cress.

http://www.smh.com.au/entertainment/tv-and-radio/block-producer-slams-watchdog-20110822-1j6qe.html
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