Guide · Selling and buying in Greater Shepparton

Property Price Statements: what changed on 1 October 2026

The short answer

  1. On 1 October 2026 the Property Price Statement replaced the Statement of Information for homes sold through an agent in Victoria. For auctions and fixed-date sales, it applies to those held from 16 October 2026.
  2. When a sale goes unconditional, the agent must add the sold price to the statement within 7 days and keep it online for at least 18 months. Wanting privacy is not enough on its own to avoid this.
  3. For auctions and fixed-date sales held from 16 October 2026, the seller's reserve price must be published at least 7 days before.

Source: Consumer Affairs Victoria, New changes to property sales and underquoting laws and Industry Q&As, checked 2 October 2026. General information, not legal advice.

01What changed

What changed, and when

ChangeWhat it meansWhen
A new Property Price StatementIt replaces the Statement of Information. It adds the key features of the home and of each comparable sale: building type, bedrooms, bathrooms, car spaces, floor area and land size in square metres. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.From 1 October 2026. Auctions and fixed-date sales: those held from 16 October 2026.
The statement sits next to the priceOnline ads must show or link it on the first visible part of the ad, right next to the advertised price. Signboards and print ads with details of the home need a web address or QR code that leads to it. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.With the new statement.
Sold prices are publishedThe sold price goes on the statement within 7 days of the sale going unconditional. The statement stays online for at least 18 months. Source: Consumer Affairs Victoria, New changes to property sales and underquoting laws, checked 2 October 2026.Sales that go unconditional on or after 1 October 2026, even if the contract was signed before.
Reserve prices are publishedThe seller's reserve goes out as one dollar figure at least 7 days before an auction or fixed-date sale. No 'from', 'over' or '+'. If it isn't out in time, the sale can't go ahead. Source: Consumer Affairs Victoria, New changes to property sales and underquoting laws, checked 2 October 2026.Auctions and fixed-date sales held from 16 October 2026. A sale on 16 October needed its reserve out by 9 October.
Fewer than 3 comparable salesIf an agent can only find 1 or 2 comparable sales, they must use those, list them and explain why they couldn't find 3. Source: Consumer Affairs Victoria, Understanding property prices and underquoting for buyers, checked 2 October 2026.From 1 October 2026. Auctions and fixed-date sales: those held from 16 October 2026.

Coming later

  • 1 June 2027: the Section 32 vendor statement must be available earlier. For private sales, within 14 days of the home being advertised.
  • 1 July 2027: early release of the deposit moves into the contract, and agents can't take commission straight from a deposit released before settlement.
  • 1 December 2027: agents must give sold price information to the Director of Consumer Affairs Victoria, unless an exemption applies.

Source: Consumer Affairs Victoria, New changes to property sales and underquoting laws, checked 2 October 2026.

02If you're selling

What it means if you're selling

Your sold price will be published

When your sale goes unconditional, the sold price must be added to your Property Price Statement within 7 days. The statement must then stay online for at least 18 months. This includes off-market sales, where the home was never advertised. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Wanting privacy isn't enough on its own

A seller's or buyer's general preference to keep the price private won't be enough on its own. The only exemption is for family or personal violence involving the seller or buyer. The seller, buyer or agent applies to the Director of Consumer Affairs Victoria within 7 days of the unconditional date. While an application is pending, the price must not be published. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Agreements signed before 1 October 2026

There is one carve-out. If your written agreement with your agent was signed before 1 October 2026 and it has a term saying the sale price must not be disclosed, the sold price doesn't have to be published. Otherwise the rule covers any sale that goes unconditional from 1 October 2026, even if the home was listed or the contract signed earlier. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Selling by auction or by a set date? Your reserve goes public

For auctions and fixed-date sales held from 16 October 2026, your reserve price must be published at least 7 days before, as a single dollar figure. If you change it, the 7 days start again. Inviting offers by a certain date and time could count as a fixed-date sale. Pre-auction offers are treated as a private sale. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Private sale with no set date

The reserve price rule doesn't apply to a private sale without a fixed date. The sold price rule still does. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Signboards and brochures

Any physical ad that gives details of your home, like a signboard or brochure, must include a web address or QR code that leads to the Property Price Statement. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

03If you're buying

What it means if you're buying

Where to find the statement

At the open for inspection. Online, shown or linked right next to the advertised price on the first visible part of the ad. Or ask the agent, who must give it to you within 2 business days. Source: Consumer Affairs Victoria, Understanding property prices and underquoting for buyers, checked 2 October 2026.

How to read it

It gives a selling price or a range of up to 10%, the home's key features, the 3 most comparable sales with their features, dates and prices, and the suburb median. Within 7 days of the sale going unconditional, it also shows the sale price. Source: Consumer Affairs Victoria, Understanding property prices and underquoting for buyers, checked 2 October 2026.

What counts as a comparable sale around Shepparton

Outside metropolitan Melbourne, a comparable property is one of a similar standard sold in the last 18 months and within 5 kilometres. That's the rule for homes across Greater Shepparton. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Checking what homes really sold for

Recent Property Price Statements for similar homes are now required to show the price they sold for. Consumer Affairs Victoria suggests looking at them when you research prices. Source: Consumer Affairs Victoria, Understanding property prices and underquoting for buyers, checked 2 October 2026.

Our own recent sales, with prices where we can publish them, are on our recent sales page.

04On this site

How we handle it here

  • On our listing pages, a home's price statement link sits right under its price, in the first part of the page you see.
  • If a home for sale doesn't have its statement on file yet, our page shows “Contact agent” instead of a price until it does.
  • Some listings from before 1 October 2026 still link a Statement of Information. We label each file by what it is.
  • Our recent sales page lists the team's sales with the month and the price. Some sales from before October 2026 are marked Undisclosed. We only show a price when we know it can be public.

Questions about your own sale? Call Xavier on 0403 152 642 or Rodney on 0420 906 406. You can also read how we sell.

05Questions

Common questions

What is a Property Price Statement?

It's the price document every home advertised for sale by an agent in Victoria must have. It replaced the Statement of Information on 1 October 2026. It shows a selling price or range of up to 10%, the home's key features, the 3 most comparable sales and the suburb median. Source: Consumer Affairs Victoria, Understanding property prices and underquoting for buyers, checked 2 October 2026.

Is a Statement of Information still OK?

The Property Price Statement replaces it. Agents need to update existing listings for homes going to auction from 16 October 2026, and Consumer Affairs Victoria says it understands agents may need some time to move existing listings across. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Do I have to publish my sold price if I sell in Shepparton?

In most cases, yes. For sales that go unconditional on or after 1 October 2026, the sold price goes on the statement within 7 days and stays online for at least 18 months. The exceptions are an approved family or personal violence exemption, or an agent agreement signed before 1 October 2026 with a term that the price not be disclosed. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Can I sell off market and keep the price private?

Not just by choosing to. The sold price rule applies even if the home was never publicly advertised. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Do agents have to publish the reserve price now?

Yes, for auctions and fixed-date sales held on or after 16 October 2026. The reserve goes out as one dollar figure at least 7 days before the sale. Source: Consumer Affairs Victoria, New changes to property sales and underquoting laws, checked 2 October 2026.

Does 'offers close by' count as a fixed-date sale?

It could. Inviting offers by a certain date and time could be a fixed-date sale, which needs the reserve price published for 7 days before the sale can go ahead. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

My contract was signed in September. Does the sold price rule apply?

If the sale went unconditional on or after 1 October 2026, yes, even though the contract was signed earlier, for example where a cooling-off period ran past 1 October. The carve-out is an agent agreement signed before 1 October 2026 with a term that the price not be disclosed. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

What happens if an agent doesn't publish the sold price?

Agents who fail to publish sold prices as required face maximum penalties of 240 penalty units. Source: Consumer Affairs Victoria, Industry Q&As, checked 2 October 2026.

Sources

Where this comes from

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