Through various channels over a six month period, the Real Estate Institute of Victoria (REIV) have demonstrated to the Victorian Government that their proposition to legislate reserve price disclosure seven days prior to auction is counter productive. The REIV’s efforts extended to consultation, independent research, meetings, dedicated working groups and media engagement.
Despite this and irrespective of the evidence and information provided to the contrary, the Government has introduced a Bill to Parliament, progressing the legislation. The REIV say the legislation is reckless, and will result in less pricing transparency for Victorians.
They strongly recommend contacting your local MP and voicing your opposition to the Bill.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
To book a free 20-minute consultation, simply click here and choose a time convenient to you.
By Wendy Chamberlain
Copyright 2026 | All Rights Reserved