Last week the REIV released guidelines to ensure some consistency with the advertising of prices for residential property auctions. This followed a review of auction results which showed many variations of pricing currently in use. I personally reviewed the results which included comparing information contained in the Auction authority, such as the Estimated Selling Price, the Reserve, comparable sales analysis and advertisements during the Auction marketing campaign. To see examples of advertising in use... click here.

A MYSTERY Western Australian- based syndicate of property investors swooped in to Lend Lease's Mosaic apartment tower in Docklands last weekend, buying six units and spending $3.5 million.

INSIDERS are all but certain the mystery buyer of Steve Vizard's Orrong Road mansion is Good Guys electrical retailer Andrew Muir. Early speculation was that the house had been bought by Peter Edwards of the Smorgon family but he has vehemently denied this. Mr Muir is overseas and unavailable for comment.

WESTPAC Bank may have some explaining to do after claims it will choose the "least green" of its three shortlisted options, as its Melbourne CBD office digs.