Consumer Legislation Amendment Bill 2026
The Victorian Government has tabled an omnibus bill that impacts across the real estate sector. For the latest on the Bill’s progress through Parliament, 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.
Major changes to the pricing and marketing of residential real estate are proposed in this Bill. The legislation is currently in Parliament. The information below is an overview based on information currently available and is subject to change. Key changes to current real estate processes as amended by this Bill are listed below.
- Upcoming
Training and Events
- September 2
| Principal Act | Reform | Commencement Date |
|---|---|---|
| Conveyancers Act 2006 | Authorise the Business Licensing Authority (BLA) to suspend a conveyancer’s licence if they fail to comply with trust account audit requirements. | The day after the Bill receives Royal Assent |
| Estate Agents Act 1980 | Authorise the BLA to suspend an estate agent’s licence if they fail to comply with trust account audit requirements. | The day after the Bill receives Royal Assent |
| Estate Agents Act 1980 | Require real estate agents to disclose a seller’s reserve price at least 7 days before an auction or fixed-date sale | 1 October 2026 |
| Estate Agents Act 1980 | Increase 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 PPS | 1 October 2026 |
| Estate Agents Act 1980 | Require 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 information | 1 December 2027 |
| Residential Tenancies Act 1997 | Limit the amount of compensation that may be ordered by the Victorian Civil and Administrative Tribunal for the early termination of a residential rental agreement | The day of proclamation |
| Residential Tenancies Act 1997 | Prevent residential rental providers from unreasonably refusing a renter's request for an additional key or security fob | The day of proclamation |
| Residential Tenancies Act 1997 | Enables the Residential Tenancies Bond Authority to receive bond payments directly from a renter rather than through the rental provider | The day after the Bill receives Royal Assent |
| Sale of Land Act 1962 | Require 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 sale | 1 June 2027 |
| Sale of Land Act 1962 | Repeal section 27 of the Sale of Land Act and prohibit real estate agents from taking commissions from deposits before settlement | 1 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:
Disclose 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
Day after Royal Assent
Day after Royal Assent
ALL AGENTS
Day after Royal Assent
25 November 2026
25 November 2026
1 April 2027
The REIV Blueprint
The REIV Blueprint is REIV’s proposed framework to improve property price transparency and tackle underquoting, while keeping the sales process fair and practical for buyers, vendors and agents.
REIV Concerns
REIV’s response to the Consumer Legislation Amendment Bill 2026, highlighting concerns with proposed property reforms and recommending changes to make them more practical for agents, buyers and sellers.