A Section 32 Vendor Statement is a comprehensive document legally required in Victoria when selling a property. It provides potential buyers with crucial information about the property and the sale process, ensuring transparency and allowing them to make informed decisions.
As of December 2025, preparing a Section 32 involves gathering around 34 different pieces of information, including council rates notices, mortgage details, planning certificates, building permits, and any easements or covenants affecting the property. In Melbourne’s Eastern Suburbs, where properties often have complex histories and zoning regulations, this process can be particularly detailed. Fletchers agents routinely manage this for our clients, coordinating with solicitors to ensure full compliance. Currently in Melbourne, buyers and their conveyancers thoroughly review this statement during the due diligence period – typically two to four weeks – and can raise questions or concerns. The statement doesn’t disclose hidden defects; however, it does require disclosure of known building orders or notices. Changes announced for 2027 will streamline some aspects of the statement, but the core requirement for comprehensive disclosure remains. Preparing a Section 32 typically adds $1,500 – $2,500 to the overall selling costs, covering legal fees.
The Section 32 Vendor Statement is a fundamental part of a Victorian property sale, designed to protect both the seller and the buyer by ensuring a clear and legally sound transaction.