Do Private Sellers in Victoria Need a Property Price Statement (PPS)?
If you're selling your own property in Victoria without using a real estate agent, you generally do not need to prepare or display a Property Price Statement (PPS) as part of your property advertising.
Victoria's Property Price Statement and related underquoting requirements are directed at licensed estate agents and agents' representatives managing residential property sales.
Consumer Affairs Victoria confirms that the reserve-price disclosure rules for auctions and fixed-date sales do not apply to sales managed directly by property owners without an estate agent.
What is a Property Price Statement?
A Property Price Statement (PPS) is a document that licensed real estate agents must prepare when selling residential property in Victoria.
It provides buyers with information about the property's indicative selling price, key features and comparable property sales.
Estate agents must display or link to the PPS prominently in their advertising, including online property listings.
These requirements apply to agents engaged to sell residential property, rather than owners genuinely managing their own private sale.
Read Consumer Affairs Victoria's official PPS guidance
What rules apply when selling privately?
If you are selling your own property without appointing an estate agent, the agent-specific PPS requirements generally do not apply to your sale.
Consumer Affairs Victoria also confirms that the new reserve-price disclosure requirements for auctions and fixed-date sales do not apply to owner-managed sales without an estate agent.
This means you are not automatically required to prepare an agent's Property Price Statement or follow the agent-specific reserve-price advertising procedures simply because your property is advertised for sale.
However, private sellers must still comply with other applicable Victorian property laws, including requirements relating to accurate advertising, contracts and vendor disclosure.
View Consumer Affairs Victoria's official Industry Q&A
What are private sellers still required to do?
Selling privately does not remove your legal responsibilities.
As a Victorian property owner, you should ensure that:
- Your advertising is accurate and does not contain false or misleading information.
- Your asking price and property details are represented honestly.
- You have the appropriate Contract of Sale and Section 32 Vendor Statement.
- Required information and documents are provided to buyers in accordance with Victorian law.
- You comply with any other requirements relevant to your property and method of sale.
Is a Section 32 the same as a PPS?
No. These are two different documents.
A Section 32 Vendor Statement is a legal disclosure document that Victorian property sellers must provide to the purchaser before they sign the Contract of Sale.
It contains important information about the property, including title details, restrictions, easements, zoning and relevant outgoings.
Unlike the agent-specific Property Price Statement, the Section 32 requirements apply to private sellers as well.
We recommend engaging a qualified solicitor or licensed conveyancer to prepare your sale documents.
Read more about Section 32 statements and contracts
Can I advertise on realestate.com.au and Domain without an agent?
Yes. You can advertise your property through No Agent Property while managing your own private sale.
No Agent Property provides property advertising services that allow owners to promote their properties on major real estate websites, including realestate.com.au and Domain, without appointing a traditional selling agent.
You remain responsible for managing buyer enquiries, inspections, negotiations and the sale of your property.
We can also assist with professional photography, floor plans, property descriptions and other advertising services to help you present your property professionally.
If you're unsure about any legal documentation, our team can also help connect you with a solicitor or conveyancer.
Where can I find official information?
For further guidance on Victorian property selling requirements, visit:
- Consumer Affairs Victoria - Property Price Statements and underquoting
- Consumer Affairs Victoria - Industry Q&A on property sales requirements
- Consumer Affairs Victoria - Selling with or without an agent
- Consumer Affairs Victoria - Conveyancing and contracts for sellers
Important: This information applies to genuine owner-managed private sales where no estate agent has been engaged to sell the property. If an estate agent is involved in managing the transaction, different obligations may apply.
This information is general guidance only and does not constitute legal advice.