09/09/2026
π¨ BIG CHANGES ARE COMING TO VICTORIAN REAL ESTATE π‘
If youβre thinking about buying or selling property in Victoria, there are some important new rules you need to know about.
The Victorian Parliament has passed new laws aimed at improving price transparency, reducing underquoting and making the buying and selling process fairer and clearer.
π
Most of the changes take effect from 1 October 2026.
Hereβs whatβs changing:
πΉ RESERVE PRICE DISCLOSURE
For auctions and fixed-date sales, the sellerβs reserve price must be publicly advertised at least 7 days before the sale. If it isnβt disclosed within this timeframe, the sale cannot proceed.
πΉ PROPERTY PRICE STATEMENT
The current Statement of Information will be replaced by a new Property Price Statement (PPS).
The PPS will include key information about the property being sold and comparable properties, and it must be prominently displayed in online advertising.
πΉ SOLD PRICE DISCLOSURE
Once a sale becomes unconditional, the sold price must be included on the PPS within 7 days, unless an exemption applies.
The PPS must then remain publicly available for at least 18 months.
πΉ MORE CHANGES COMING IN 2027
Further changes will be introduced between June and December 2027, including changes around:
β’ Commission and deposits
β’ Earlier availability of Section 32 statements
β’ Providing sold price information to Consumer Affairs Victoria
These changes will have an impact on how properties are marketed, priced and sold across Victoria.
As your local real estate professional, Iβm staying across these changes so I can continue to provide my clients with clear, accurate and compliant advice.
If you're considering selling or buying in the coming months, now is a good time to understand what these changes could mean for you.
π² Have questions about the new rules or thinking about making a move? Get in touch
0844 616 754
I'm always happy to help.