Victoria continues to tackle underquoting with new laws.

Property price transparency is set to increase in Victoria as the state moves to require publication of residential sold prices. The reform is aimed at reducing underquoting and improving access to reliable market data, making Victoria the first state to mandate earlier disclosure.

For valuation purposes, more timely and consistent access to confirmed sale prices can materially improve the quality of comparable evidence. Reduced reliance on delayed or incomplete data sets may lead to more accurate and timely assessments, particularly in active metropolitan markets such as Melbourne.

The change is likely to be most relevant in established councils including Boroondara, Whitehorse and Darebin, where transaction volumes and price sensitivity make comparable sales a critical input. Clearer visibility of actual sale outcomes may also reduce pricing ambiguity in tightly held residential markets.

As transparency increases, the benchmark for evidence-based valuation rises. Access to verified sale prices closer to the transaction date will play a greater role in supporting lending security, insurance assessments and recovery strategies tied to residential property.

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Clear, independent valuation advice is essential when changes to market transparency influence pricing evidence. To obtain evidence-based assessments across Boroondara, Whitehorse and Darebin, call Mason’s Valuation Office on 0417 741 481 or visit https://propertyvaluation.melbourne/about-us/#contact.