NSW Sold property listing with "Price Withheld"?

People,

I've seen some of the recently sold property in most online listing website showing as Price Withheld, is it by law to make it that way before the Settlement period passed?

Because in my case, before the Settlement period passed, the price was showing as withheld, but then now it is showing the actual price.

Would it be possible to ask the RE agent who sold the property to update the price back to Price Withheld?

Rgds,
Fred

 

Could save yourself a ton of time, by just asking the RE Agent instead of waiting for responses on a forum..

Let us know how you go

 

It's not a law for it to be published, some agents do it to generate interest (eg. interested parties call them up and they use that to try and get new business etc). Other reasons it may not be displayed are portal data format error, embarrassing sales price or conversely if someone over paid and doesn't want the general public to know they might request it not be displayed etc. Also, whilst the property is under offer/under contract - the negotiated price should not be disclosed in case the contract doesn't settle as this knowledge could disadvantage the seller when it goes back to market.

 

OK, somehow it is already beyond the RE agent control since it is the Valuer Generals office that is publishing the information.

Would that be possible for the actual homeowner to take down the price?

 

I noticed there were alot more 'price withheld' listings once the market was dropping. They were quite happy to put the price when it was growing quickly.

 

No, it is publicly available information supplied by the Land Titles office NSW. They sell this data to the Real Estate industry software providers like Core Logic RP Data, Domain's Pricefinder etc.

 

We had this experience, requested that the agent withhold the price, which was done until settlement and then it became public information.

 

This is usually a translation for "sold for less than reserve" in my experience.

 

or...the owners are so embarrassed by the price that they're too smug to show off.

 

Sold price on a listing

- Luke

 

Looks like there is nothing the agent or the vendor/buyer can do now to suppress the price.
It's the Office of the Valuers General decision to make this data Open to everyone via OSR.

 

Yep, seen this recently. Was watching a house that wanted 'offers over $1.49m'. (They were dreaming, but obviously trying their luck due to new development).
It sold for $980k, then it showed price withheld for a little while, and now it's saying it sold at $920k.

 

The era of open information, nothing is hidden

 

It never really was hidden, it just happened that you needed to pay to get the information.

 

Hm... I thought that everything is now free under the https://www.realestate.com.au and Real Estate | Properties for Sale, Rent and Share | Domain

I know that long time ago RPData charge a premium to see this data, but it is now widely available but after certain period of time.

 

Nope...always been available if you know where too look.

 

I believe I've seen price withheld before on potential family sale below market.

 

Unfortunately for the public SOLD prices can take significant time to appear on the major search portals (RE.com Domain), with subscriptions to the paid databases paying off if you want this information earlier and the agent won't supply it to you. Take a suburb such as Mosman, which still exhibits the CONTACT AGENT tag long after the databases (RPData, PDS) have the sold prices recorded. Always helpful to know someone with access if you can't afford it yourself

 

HM.. yes, that does make sense @Jacque

 

The locations where I'm looking at (Victoria ) there're lot of this "Price Withheld" on sold houses the last few days. Is there a way to check it now rather than waiting a few months?