17/06/2026
🚨 Proposed Changes to Victoria’s Property Laws, This One Could Affect Almost Everyone 🚨
Last week, we spoke about the Victorian Government’s proposed changes requiring auction reserve prices to be disclosed 7 days before auction.
Another proposed amendment that’s flying under the radar is the repeal of Section 27 – commonly known as the early release of deposit.
What does this mean?
When you sell your home, you’re often able to access the buyer’s deposit before settlement. Many people use these funds as the deposit for purchasing their next property.
If this change goes ahead, those funds would generally remain locked away until settlement.
For many Victorians, that could mean needing tens of thousands of dollars sitting in the bank just to secure their next home.
The reality is, not everybody has an extra $50,000, $70,000 or more readily available.
Whether you’re a buyer, seller, upgrader or downsizer, this proposed change has the potential to significantly impact how people move from one home to the next.
What are your thoughts? Is this an added layer of consumer protection, or does it create another hurdle for everyday Victorians trying to buy and sell property? 🤔
