17/09/2026
🚨 Big changes are coming to Victorian property auctions.
From October 1 (with a two-week grace period), vendors will need to reveal their reserve price at least seven days before their residential auction date.
One leading Melbourne auctioneer has already reported a surge in bookings as agents rush to get ahead of the changes — but industry experts say there's still some key grey areas: if a vendor lowers their reserve, will they need to reset the clock and wait another seven days?
What if there’s an acceptable offer prior to auction?
Watch this space — we'll keep you posted as details unfold. 👇
https://www.realestate.com.au/news/melbourne-homeowners-race-to-auction-before-new-rules-begin/