30/09/2026
Victoria’s property price rules change TOMORROW 🏡
From 1 October, reserve prices go public at least 7 days before an auction or fixed-date sale, as one dollar figure with no “from”, “over” or “+”. If the reserve isn’t published in time, the auction can’t go ahead.
Buyers 👉 you’ll know the real number before you spend money on inspections and reports. Sold prices will also be public for 18 months.
Sellers 👉 your reserve is now public, so it has to be right from day one. If you change it, the new figure has to be up for another 7 days before the auction can go ahead. Get your pricing strategy sorted before the campaign starts.
The reserve rule applies to auctions from October 1 with a two week grace period for agents.
Buying or selling this spring? Let me help you navigate the new changes comment below with your thoughts on the changes!