New Victorian auction and set-date laws, what sellers need to know

Victoria’s new auction and set-date laws explained – all your questions answered – for herald sun real estate Victorian home sellers will be subjected to the state’s new auction ban laws from next week amid warnings of missing information and unintended consequences. Industry groups are warning government delays in releasing key details have put sellers in an unfair position this spring, with yet to be clarified parts of the laws including mandatory documents and new rules for setting home prices. And while requirements to disclose sold figures are being dubbed “the death of undisclosed sales results”, mortgagee auction specialists have cautioned disputes on reserves could end up in court as defaulted owners seek injunctions. RELATED: Just two bidders now competing at typical Melbourne auctions New Victorian auction law will cost sellers, create legal underquoting Expert guide to navigate Victoria’s unpredictable spring market in 2026 It is also apparent the laws will go much farther than initially purported, with agents signalling even homes being sold via private treaty will be at risk of being subjected to the new requirements after clarifications from Consumer Affairs Victoria ...