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Understand the Victorian Real Estate law changes from October 2026

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Summary

Learn how to prepare for the Victorian Consumer Legislation Amendment Act 2026, effective from October 2026. This article outlines the new requirements and clarifies what is and is not changing in Box+Dice.

This article covers:

About the 1st October changes

From 1 October 2026, the Victorian Government and Consumer Affairs regulator is introducing new requirements relating to property price advertising and disclosure.

The following requirements come into effect from 1 October 2026:

  • Property Price Statement (PPS) - A new Property Price Statement replaces the Statement of Information (SOI). The PPS must be prominently displayed in online advertising alongside key details of the subject property and comparable properties. 
  • Reserve price publication - Selling Agents must publish their Vendor's reserve price for at least 7 days before an auction date or Sale-by-fixed date. The PPS must be updated with the reserve price, and the reserve price must be displayed publicly in all digital and physical advertisements as a single dollar amount without qualifying words. If the Vendor's reserve changes, the auction must be rescheduled. This applies to sales conducted on or after 1 October 2026. 
    Check Consumer Affairs Victoria for guidance on listings with auctions scheduled/announced for early October before the commencement of the new rule. 
  • Sold prices - Agents must update the PPS with the final sold price within 7 days of an unconditional sale and keep it publicly available for 18 months
  • Comparable properties - If three comparable properties cannot be identified, one or two comparable properties may be used where available
Note: You can find out more about these requirements through the Real Estate Institute of Victoria .

What is changing in Box+Dice?

References to 'Statement of Information' or SOI will be changed to 'SOI/PPS', supporting both NSW and VIC terminology.

The existing 'Vendor Price' field will be renamed 'Vendor/Reserve Price'.

What is not changing?

You will continue to:

  • Upload the document using the existing process
  • Send the document using the existing process
  • Use the Vendor Price field to record reserve price information
  • Continue using the Display Price field to publicly publish the listing's price, including update it to the reserve price as a single dollar value at least 7 days before the Auction date.

The process for managing Property Price Statements is the same as the existing Statement of Information workflow.

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