The push to ban street auctions

Nowhere else in the world sells houses quite like Australia does – on a stranger's nature strip or in their backyard, in front of a crowd, hammer and all. Street auctions have grown in popularity over recent years, as property values soar to unprecedented heights. The Victorian Greens claim the system is designed to push up prices by pressuring buyers into paying more, and they want these street auctions gone entirely. Today we unpack why Australia does this in the first place, the state of play overseas, and whether the proposed ban is actually realistic. Hosts: Emma Gillespie and Elliot LawryProducer: Orla MaherVideo Producer: Rosa Bowden Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here. Shot on Fujifilm.See omnystudio.com/listener for privacy information.