The Statement of Information is a pricing fact sheet that you must prepare for every residential property you are engaged to sell in Victoria, regardless of whether you advertise the property for sale.
The Statement of Information must include:
an indicative selling price for the property
details of the three most comparable property sales to the property that is for sale
the median house or unit price for the suburb – this can be for a period of between 3 to 12 consecutive months, and must not be more than 6 months old.
You can use any source to determine the median price. You must state the period and source of the median price in the Statement of Information.
The Statement of Information must be:
displayed at all open for inspections
included with any internet advertising
given to prospective buyers within two business days of their request.
Any recent sale price that you submit to us cannot be modified or reverted to be undisclosed due to the under-quoting legislation and the requirement to disclose any sale price you are aware of on the report.
Due to this requirement, you may enter a recent sale price against any property, even if the property sale price is undisclosed.
For more information, please refer to consumer.vic.gov.au/underquoting