Housing Statement
Consumer Legislation Amendment Act 2026

Consumer Legislation Amendment Act 2026

Changes to residential property sales


The Victorian Government has passed an omnibus law titled the, Consumer Legislation Amendment Act 2026. This has wide impacts across the real estate sector. It covers major changes to the pricing and marketing of residential real estate, amongst other reforms. Key changes to current real estate processes as amended by this Act are listed below.

The Bill received Royal Assent on September 8, 2026 and is now law. The REIV is reviewing all Authorities and any updates will be available on VicForms in coming days. For more detail on the legislation, click here

Training:

The REIV offers a range of training and resources to support the sector prepare for the proposed changes. Refer to the upcoming professional development opportunities or contact us on cpd@reiv.com.au to arrange a bespoke training session for your team at your office.  

The Changes

Principal ActReformCommencement Date
Conveyancers Act 2006Authorise the Business Licensing Authority (BLA) to suspend a conveyancer’s licence if they fail to comply with trust account audit requirements.9 September 2026
Estate Agents Act 1980Authorise the BLA to suspend an estate agent’s licence if they fail to comply with trust account audit requirements.9 September 2026
Estate Agents Act 1980Require real estate agents to disclose a seller’s reserve price at least 7 days before an auction or fixed-date sale1 October 2026
Estate Agents Act 1980Increase the prominence and accessibility of the statement of information (SOI) and selling price information by: changing the name of the SOI to the property price statement (PPS) requiring the PPS and indicative selling price to be displayed prominently on internet advertisements requiring real estate agents to include the sale price of a residential property on the PPS within 7 days of the sale going unconditional (unless an exemption applies) and to publish the PPS on an internet site where it is to be available free of charge for at least 18 months following the sale, and requiring real estate agents to include the key features of the property being sold and the key features of each comparable property on the PPS1 October 2026
Estate Agents Act 1980Require real estate agents to give property sale information, such as its sale price and key features, to the Director of Consumer Affairs Victoria within 7 days of a property sale going unconditional, and enable the Director to publish that information1 December 2027
Residential Tenancies Act 1997Limit the amount of compensation that may be ordered by the Victorian Civil and Administrative Tribunal for the early termination of a residential rental agreement1 June 2027
Residential Tenancies Act 1997Prevent residential rental providers from unreasonably refusing a renter's request for an additional key or security fob1 June 2027
Residential Tenancies Act 1997Enables the Residential Tenancies Bond Authority to receive bond payments directly from a renter rather than through the rental provider9 September 2026
Sale of Land Act 1962Require vendors to make a property’s ‘section 32 statement’ available at least 14 days before an auction or fixed date sale, or within 14 days of advertising a property for sale1 June 2027
Sale of Land Act 1962Repeal section 27 of the Sale of Land Act and prohibit real estate agents from taking commissions from deposits before settlement1 June 2027

RESIDENTIAL SALES

Effective 1 October 2026:
Must be displayed prominently on internet advertising, adjacent to the advertised price.

Must include key features of the subject property and of each comparable property — not just the address and price.

  • the type of building;

  • the number of bedrooms;

  • the number of bathrooms;

  • the number of car spaces;

  • the size of internal built areas (floor space) in square metres;

  • the total size of the land in square metres;

  • any other prescribed feature

Must include the sale price within 7 days of the sale going unconditional, published for at least 18 months, which is accessible to the public for free.

Effective 1 October 2026:
Publish seller’s reserve price at least 7 days before an auction or fixed-date sale

Effective 1 October 2026:
PPS updated with sold price within 7 days of sale becoming unconditional

Effective 1 June 2027

Effective 1 June 2027

RESIDENTIAL RENTAL

Effective 1 June 2027

Effective 1 June 2027

ALL AGENTS

9 September 2026

25 November 2026

25 November 2026

1 April 2027

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