That’s the short version. Below you’ll find what’s changing under the new law, what we’ve already updated in Aro, and the steps your team needs to take for every auction and fixed-date sale.
What’s changing in Victoria
The Statement of Information is now the Property Price Statement. From 1 October 2026, every Victorian residential sale needs a PPS in place of the SOI. The new form asks for more detail: the key features of the property you’re selling and of each comparable property, such as building type, bedrooms, bathrooms, car spaces, floor area and land size. Consumer Affairs Victoria has published new PPS templates for properties inside and outside metropolitan Melbourne.
Reserve prices must be published. For auctions and fixed-date sales held from 16 October 2026, the vendor’s reserve must be published at least 7 days before sale day. It must be a single dollar amount, with no “from”, “over”, “+” or “starting at”. For example, if your auction is on 16 October, the reserve must be published by 9 October.
The PPS must be easy to find. Online listings have to display the PPS prominently, not tucked away at the bottom of the page.
Sold prices go on the PPS. Within 7 days of a sale becoming unconditional, you need to update the PPS with the sold price. The PPS must then stay publicly available for at least 18 months.
What we’ve changed in Aro
The field has a new name. The process hasn’t changed. On Victorian residential sales listings, the Statement of Information field is now labelled Property Price Statement (PPS). Upload your PDF exactly as you do today. Listings in other states and other listing types are unchanged.
If you send listings to realestate.com.au from Aro, every new PPS goes there automatically. When you replace the PPS file on a listing, Aro sends it as a new document so realestate.com.au always has your latest version. realestate.com.au reads the reserve price from your PPS and shows it on the listing.
Your website shows the PPS next to the price. On our standard website templates, the property page now shows the PPS link directly after the price, so buyers can find it straight away. If your website uses a custom property page layout, we’ll contact you separately to add it.
What your team needs to do for auctions and fixed-date sales
- Add the reserve to the PPS. Use the new Consumer Affairs Victoria template and enter the vendor’s reserve as a single dollar figure.
- Upload the PPS at least 7 days before sale day. Replace the file on the listing in Aro. We recommend uploading a day or two before the deadline so the portals have time to update.
- Update your price text. Set the Show instead of price field to the reserve, for example “Reserve Price $799,000”, so the price on your website and the portals matches your PPS.
- Add the sold price after the sale. Within 7 days of the sale becoming unconditional, update the PPS with the sold price and upload the new version to the listing. The PPS must stay online for at least 18 months, and as long as the sold listing isn’t withdrawn in Aro, it stays on your Aro website.
What we’re still working on
A dedicated Reserve Price field for auction listings is on our roadmap. realestate.com.au plans to add its own reserve price field, but it isn’t using that data yet. Until then, your PPS and the Show instead of price field are how the reserve reaches buyers.
Some questions, such as what happens if a vendor changes the reserve in the final week, are still waiting on guidance from Consumer Affairs Victoria. We’ll update this post once that guidance is published.
Need a hand with the new rules?
Our support team can walk you through uploading a PPS or updating a listing in Aro.