Surprisingly, no.

In this week’s FUNdamental Friday, Shane Pope is joined by veteran auctioneer Glen Coutinho to unpack Victoria’s recent auction rule changes and explain why they may be creating more confusion rather than clarity.

They discuss:

✅ What happens when a reserve price is published
✅ Whether a vendor is actually required to sell
✅ Why buyers may be misunderstanding the new rules
✅ How auctions are changing in response to the legislation
✅ Why some properties may still sell below their advertised reserve
✅ The opportunities that confusion can create for prepared buyers

Because in today’s market, not understanding the rules could mean missing the right property altogether.

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⌛Timestamps
0:00 Has the new legislation made auctions harder?
0:24 Why Shane is frustrated
1:11 The reserve price question
1:16 Does a vendor have to sell?
1:53 Why the legislation creates confusion
2:14 Has the policy achieved its goal?
2:34 Alternative selling methods emerge
2:50 Why expressions of interest are increasing
3:14 Why buyers may miss opportunities
3:31 Shane’s advice to buyers
4:01 The buyer’s agent question
4:20 The key clue buyers miss
4:47 Why you should still attend auctions
5:04 Opportunity in a confusing market
5:23 Some of the best buying opportunities
5:58 PRE-Purchase success stories