Buyers’ agent Cate Bakos argued that the three to six month delay between a sale being agreed and its registration on the public record had made comparable sales evidence unreliable in a fast-moving market. She warned that desperate purchasers were paying well above assessed value and pushing benchmarks higher, and suggested tracking auctions and agents directly, adjusting older evidence for recent movement, and faster government reporting of sales.
Reported by
Cate Bakos, The Property Tribune, 7 April 2021
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
