In Victoria, as of December 2025, sellers are legally obligated to disclose any known material facts that could affect a buyer’s decision to purchase a property. This includes both physical defects and other relevant information about the property’s history.
Currently in Melbourne, the Vendor Statement (Section 32) is the primary document for disclosure. It requires sellers to detail things like building permits, planning overlays, easements, mortgages, and any known issues with the property – for example, past flooding, asbestos, or significant structural problems. Fletchers’ experienced agents guide sellers through this process, ensuring compliance. In 2026, we anticipate continued scrutiny of disclosure requirements, particularly regarding natural disaster risks. Buyers in the Eastern Suburbs, where established gardens are common, often enquire about tree root systems and potential damage to infrastructure. Preparing a comprehensive disclosure upfront can streamline the sales process, potentially avoiding delays or legal challenges later. It’s also worth noting that while a building inspection isn’t mandatory to disclose, failing to disclose known issues discovered *during* a buyer’s building inspection can have serious consequences. Typical preparation costs in Melbourne, including addressing minor issues identified during pre-sale inspections, range from a few hundred to several thousand dollars.
Full and accurate disclosure is crucial for a smooth and transparent property sale in Victoria, protecting both the seller and the buyer.