Bernadette on 2GB Radio - Episode 5

In her latest 2GB segment, Bernadette Cilia unpacked the issue of underquoting in the property market, explaining how some agents have historically listed properties below their true value to attract more buyers. She touched on the recent crackdown by the Department of Fair Trading and the introduction of higher penalties, which have led to more realistic price guides this year. Bernadette also walked listeners through how auctions work, clarifying the use of vendor bids, the illegality of dummy bidders, and why understanding a property’s true value is critical in a fast-moving market with no interest rate cuts expected in the short term.

She went on to explain why buyers should commission their own pest and building inspections to protect themselves legally and financially, even though this can mean additional upfront costs. Throughout the segment, Bernadette emphasised the importance of going into an auction fully informed to avoid overpaying or ending up in a difficult position if finance approval falls short. She highlighted how working with a professional buyer’s agent like BMC Buyers Agency can help buyers navigate pricing, due diligence, and bidding with confidence, making the purchasing process far less stressful and more transparent.

You can catch Bernadette on 2GB Radio every Saturday at 4:35pm.