EstatePass
Property LawVICMEDIUM

A Section 32 vendor's statement in Victoria must be provided to the purchaser before they sign a contract of sale. Which of the following is NOT required to be disclosed in a Section 32 statement?

Correct Answer

C) The vendor's original purchase price for the property

A Section 32 vendor's statement must disclose mortgages, charges, easements, covenants, planning information, zoning, outgoings, building permits, owner builder warranties, and other matters. The vendor's original purchase price is not a required disclosure.

Answer Options
A
Details of any mortgages or charges over the property
B
Planning information including zoning
C
The vendor's original purchase price for the property
D
Details of any outgoings such as rates and taxes

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Property Law Question

Sign up free to unlock full analysis

Background Knowledge for Property Law

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Property Law

Sign up free to unlock full analysis

Common Mistakes to Avoid on Property Law Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

Section 32 vendor's statementdisclosure requirementsSale of Land Act 1962
Was this explanation helpful?

More Property Law Questions

People Also Study

Practice More AU Questions

Access 520+ Australian real estate practice questions and ace your Certificate IV.

Browse All AU Questions