As at late 2026, when marketing a Victorian property for auction, which of these advertising practices is permitted?
Correct Answer
A) Advertising without a price, with the Property Price Statement linked from the ad.
Victorian agents may advertise an auction without quoting a price, but the Property Price Statement must be shown prominently on the main online advertisements and linked from physical advertising, for example by a QR code, and for an auction it must include the seller's reserve at least 7 days before the sale. Any price that is quoted must not be below the estimated selling price or a rejected written offer, must not be qualified by words such as 'offers above' or symbols such as '+', and a range must be within 10%.
Why This Is the Correct Answer
An auction can be advertised without a price, as long as the Property Price Statement is shown with or linked from the advertising.
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