Can anything be done about the massive under-quoting of houses?

I’ve recently started looking for my first place and it’s ridiculous how these places get away with advertising the places for so much less than they go for.

Saw a 8-850 go for 920 Marshal white advertising a 3 bedroom in bloody hawthorn for 8-880 when it’s probably going to go for 1.1-.2 CHN showing a house that sold for 855 at 7-770, then lying about renovations being done after being sold at that price and under quoting the strata by 10%

Does consumer.vic care at all? Or is this just how it is

Edit: to everyone giving workarounds and advice, I already understand that I have to change my frame of reference to the current sales happening. I was just curious if it’s something worth reporting at all