Victoria Requirements: Property Price Statement and Reserve Price

What's new?

Victorian listings in Sell now include updated Price Guide, Property Price Statement and Reserve Price requirements.

These changes affect Sell, buy.realtair, public listing pages and Share QR code PDFs.

Price Guide

A Price Guide is now required when you manually activate a Victorian listing or edit an auto-activated listing. This applies to every method of sale.

Property Price Statement

The document previously called Statement of Information is now labelled Property Price Statement in the activation and property workflows.

The document remains required and may be prefilled from your CRM.

Reserve Price

For Victorian auctions, you must provide and publish the vendor’s Reserve Price at least seven days before the sale.

Realtair tracks the Reserve Price through the property checklist and displays it publicly on Victorian auction listings when supplied.

Starting Offer for Private Treaty and Timed Sale listings

Victorian Timed Sale listings and Private Treaty listings with a fixed end date use a Starting Offer instead of a Reserve Price.

A Starting Offer:

• Sets the minimum offer amount buyers can submit.
• Displays on the public listing when supplied.
• Displays on generated Share QR code PDFs when supplied.

The Starting Offer must be provided and published at least 7 days before a Timed Sale or fixed-date Private Treaty sale.

Automatic Price Guide Display

The Display Price Guide option has been removed for Victorian listings. When you provide a Price Guide for a Victorian Private Treaty listing, Realtair displays it automatically.

Public listing and QR code updates

Public Victorian listings now display:

• The Price Guide
• The Property Price Statement link
• The Reserve Price for auctions, or Starting Offer for Timed Sale & Private Treaty, when supplied 

Share QR code PDFs reflect the same information.

What do I need to do?

When you activate or edit a Victorian listing:

1. Enter the Price Guide.
2. Upload or confirm the Property Price Statement.
3. For an auction or fixed-date sale, provide and publish the Reserve Price or Starting Offer at least 7 days before the sale. 
4. Check the property checklist.
5. Review the public listing and generate a new Share QR code PDF if you make changes.

Need help?

For step-by-step instructions, see:

• How to add a Price Guide and Property Price Statement to a Victorian listing
• How to add a Reserve Price to a Victorian auction listing

• How to add a Starting Offer to a Victorian Private Treaty or Timed Sale listing