Victorian Government Passes Auction Reserve Price Disclosure Laws

The Consumer Legislation Amendment Bill 2026, effective October 1, 2026, mandates that agents disclose the exact reserve price publicly for a full week prior to auction. This reform aims to combat underquoting and enhance transparency for buyers.

This significant change will impact both sellers and agents in Melbourne's western growth corridor, requiring greater upfront transparency. Buyers will benefit from clearer pricing information, potentially streamlining their decision-making process at auctions.