Leads by trade

Real estate leads: how agents get more appraisals and listings in a soft spring

By Mark Haydin, SuccessWithMark. Updated . 6 minute read.

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Quick answer

How do real estate agents get more listings?

Real estate agents get more listings by answering appraisal requests fast, publishing useful suburb market updates and staying in touch with past buyers and renters who may later sell. Marketing emails and texts must follow the Spam Act, cold calls must be washed against the Do Not Call Register, and price advertising must meet state underquoting rules, with new Victorian rules starting 1 October 2026.

Key takeaways

  • Cotality's 1 October 2026 index showed new listings 9.2% lower than a year earlier and a median of 39 days to sell, against 23 a year ago.
  • In NSW, advertising below your estimate or using "offers above" or "+" can bring a $2,200 infringement notice, a court fine of up to $22,000 and loss of commission.
  • From 1 October 2026, Victorian agents must disclose the reserve 7 days before auction and publish the sale price within 7 days of an unconditional sale.
  • Marketing emails and texts need consent, a clear sender and an unsubscribe honoured within 5 working days.

What is happening to listings in spring 2026?

Listings are scarce this spring: Cotality's Home Value Index for 1 October 2026 showed values fell in every capital except Darwin in September, new listings were 9.2% lower than a year earlier, and sales over the past three months were down 19.1%. In 2025 Cotality described "the usual start of spring upswing in new listings", yet homes now take a median of 39 days to sell.

A steady system for appraisal leads means your pipeline does not hang on the next referral, so a slow month is not a scramble, so you can plan listings a quarter ahead, so Sundays are for your family instead of the phone.

Where do vendor and appraisal leads come from, and what rules apply?

Vendor and appraisal leads come from a handful of sources, each with its own consent rule under the Spam Act or the Do Not Call Register. Get the rule right first, then make the message worth reading.

Lead sources for agents: the rule to follow and what to send
Lead sourceConsent or rule to followWhat to send
Appraisal request on your websiteThey asked, so reply; ask separately before adding them to marketingA personal reply within minutes and a few recent nearby sales
Past buyers who bought through youInferred consent can cover directly relevant marketingA yearly home value update
Renters in homes you manageSame Spam Act rules; keep management messages separate from sales marketingBuyer information now, an appraisal offer once they own
Open home attendeesAsk at sign in whether they want updates, and message only those who agreeThe result for the home they inspected
Cold calling homeownersWash the list against the Do Not Call Register and call only in permitted hoursA relevant reason to call, such as a sale in their street
Letterbox dropsOutside the Spam Act, which covers electronic messages, but claims must be accurateA one page suburb update with real sales data

What are the rules for cold calling and marketing texts?

Cold calls must be checked against the Do Not Call Register, and marketing emails and texts need consent, a clear sender and a working unsubscribe. ACMA's April to June 2025 report on scams, spam and telemarketing listed real estate services among the most complained about industries, alongside solar and retail.

  • Once a number has been on the register for 30 days, call it only with consent; a number published online is not consent.
  • Call only from 9am to 8pm on weekdays and 9am to 5pm on Saturday, never on Sundays or public holidays.
  • Identify yourself and end the call immediately if asked.
  • Honour SMS and email unsubscribes within 5 working days. ACMA penalised Telstra $626,000 in 2025, partly because its opt out asked people for personal information.

How do the underquoting rules change price advertising?

Underquoting rules stop an agent advertising a price below their own reasonable estimate, and NSW and Victoria are both tightening them.

NSW: ranges can be no wider than 10%, and "offers above" or "+" are banned. New laws expected towards the end of 2026 require a price or price guide in every ad, ban advertising below rejected offers, and lift the maximum penalty to $110,000 or 3 times the commission, whichever is greater.

Victoria from 1 October 2026: estimates still rest on the 3 most comparable sales, the Statement of Information becomes the Property Price Statement, and "offers above", "from" and "+" remain banned.

How can suburb market updates win appraisals without being spam?

A suburb market update wins appraisals when it tells homeowners something useful about their own streets, such as recent sales, days on market and what buyers asked at open homes. Google's spam policies call out doorway abuse, including pages "targeted at specific regions or cities that funnel users to one page", so I would rather see one real update per suburb you sell in than dozens of clones with the name swapped.

Google says early AI Mode testers asked questions nearly 3 times longer than traditional searches, so answer questions like "how long are homes taking to sell in my suburb" in plain text. The AI search guide explains how.

How fast should agents reply to an appraisal enquiry?

Reply to an appraisal enquiry within minutes, with a personal message, because the homeowner may be asking more than one agent. In a Harvard Business Review audit of 2,241 US companies sent a web enquiry, 23% never responded at all. Treat an appraisal like a quote and follow it up, using the sequence in the quote follow up guide.

An answering service on the office line during Saturday opens means the call from two streets over gets booked, so Monday starts with appointments instead of callbacks. The missed calls guide covers text back.

How should agents handle Google reviews and testimonials?

Ask every vendor and buyer for a review after settlement, quote testimonials exactly as given, and never pay for or filter reviews.

  • Google bans asking only happy clients and asking for reviews that name a staff member, so do not ask vendors to mention the agent by name.
  • Consumer Affairs Victoria says agent testimonials must be accurate, with no invented quotes, even from real clients.
  • The ACCC issued a removalist a $6,600 infringement notice for claiming testimonials were genuine when they were not.
  • Reply briefly and politely to every review. The Google review rules guide covers the details.

What should an agent do this week?

  1. 1Time how long your last five appraisal enquiries waited for a personal reply.
  2. 2Wash your calling list against the Do Not Call Register and record the date.
  3. 3Check every advertised price against your estimate and your state's rules.
  4. 4Write one real suburb update with recent sales and your own view.
  5. 5Take the free 15 second lead score quiz to see where your appraisal leads leak.

Frequently asked questions

Can real estate agents cold call homeowners in Australia?

Yes, but only numbers not on the Do Not Call Register, or people who have consented. Wash lists before calling, do not treat a number found online as consent, and keep to ACMA's weekday and Saturday hours, never Sundays or public holidays.

Can I send market updates by SMS to past clients?

Usually, if you have express consent, or inferred consent from an existing relationship and the update is directly relevant. Each text must identify you and your agency and include a free opt out, and the Spam Act requires opt outs to be actioned within 5 working days.

What changed for Victorian real estate agents on 1 October 2026?

Victorian agents must now disclose the reserve price 7 days before an auction or fixed date sale, and publish the final sale price within 7 days of an unconditional sale. The Statement of Information is now called the Property Price Statement, and existing underquoting rules still apply.

When do the new NSW underquoting laws start?

The NSW Government says the new laws are expected to start towards the end of 2026. The bill passed on 24 June 2026, according to the Law Society Journal, and commences by proclamation, so confirm the date before changing ad templates.

Read next

Lead guides for other trades

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Start from the overview: marketing for tradies and service businesses.

Sources

  1. Cotality, Home Value Index October 2026 (2026)
  2. Cotality, Housing values bloom ahead of a very active spring selling season (2025)
  3. NSW Government, Underquoting guidance (2026)
  4. NSW Government, NSW cracks down on underquoting with tough new laws (2026)
  5. Law Society Journal, New laws crack down on underquoting in NSW (2026)
  6. Consumer Affairs Victoria, Underquoting information for real estate agents (2026)
  7. Consumer Affairs Victoria, Advertising and representations (2026)
  8. ACMA, Avoid sending spam (accessed 2026)
  9. ACMA, Action on scams, spam and telemarketing: April to June 2025 (2025)
  10. ACMA, Telstra penalised for spam breaches (2025)
  11. ACMA, Do Not Call Register (accessed 2026)
  12. ACMA, Telemarketing compliance alerts (accessed 2026)
  13. Google Search Central, Spam policies for Google web search (2026)
  14. Google Australia Blog, Introducing AI Mode in Australia (2025)
  15. Harvard Business Review, The short life of online sales leads (2011)
  16. Google, Maps user generated content policy: prohibited and restricted content (accessed 2026)
  17. ACCC, Online reviews (2026)

Sources checked on 6 October 2026. Rules and figures change, so confirm anything legal with the regulator in your state.

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