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Selling property in Victoria: costs and the Section 32 you must provide

Selling in Victoria puts one legal obligation on you before the property is even advertised: the vendor must prepare a signed Section 32 vendor statement and give it to the buyer before they sign the contract. That single duty shapes a seller's costs, timing and risk more than anything else. This guide covers what you must disclose, who does the work, what selling actually costs, how a mortgage is discharged, and what happens on settlement day from the vendor's side.

This guide provides general information only. It is not legal advice. For advice specific to your sale, engage a licensed Victorian conveyancer or property lawyer.

The seller's side of a Victorian sale

A Victorian sale front-loads the seller's work. Unlike a buyer, whose most important task (reviewing the contract) happens in the days before signing, a seller's central obligation is discharged before the property is marketed at all. Under the Sale of Land Act 1962 (Vic), you must have a completed and signed Section 32 vendor statement ready to give any prospective buyer before they sign the contract of sale. Everything else, from agreeing a price to settling, follows from having that statement right.

In broad order, selling in Victoria runs: appoint an estate agent and a conveyancer or lawyer; have your conveyancer prepare the Section 32 and the contract; market the property; accept an offer (private sale) or sell under the hammer (auction); pass through the buyer's cooling-off period on a private sale; and complete settlement, usually electronically, when the price is paid and title transfers out of your name.

Your Section 32 duty and what it must disclose

The Section 32 statement (its formal name is the vendor's statement) is the document at the centre of a Victorian sale. Section 32 of the Sale of Land Act 1962 sets out, across its lettered provisions, the matters you must disclose. In practice these fall into nine groups:

Gathering this is the bulk of the seller's conveyancing job, because most of it requires ordering certificates and searches from councils, water authorities, the titles office and any owners corporation. The deeper, buyer-facing walkthrough of every category is in the Section 32 vendor statement guide.

What a defective Section 32 costs you

The reason accuracy matters so much is the buyer's remedy. Section 32 of the Act gives a purchaser a right to rescind the contract before they accept title (in practice, before settlement) where the vendor supplied false information in the statement, or failed to supply information the section requires. Consumer Affairs Victoria puts it plainly: if the vendor's statement contains false, incorrect or insufficient information, a buyer may be able to withdraw from the sale or take legal action.

The Act does provide a defence where the vendor acted honestly and reasonably and the purchaser is substantially in as good a position as if the statement had been complete, but you should not rely on it: a rescission days before settlement can collapse the sale, and if you have already committed to buying elsewhere, the consequences are expensive. This is exactly why sellers engage a conveyancer or lawyer to prepare the statement rather than attempting it themselves. (This guide describes the statutory position; it does not summarise case law, and your own conveyancer will advise on your specific statement.)

Estate agent versus conveyancer: who does what

Two professionals are usually involved on the seller's side, and they do different jobs:

You can engage your conveyancer before you appoint an agent, and there is an argument for doing so: the Section 32 can take time to assemble, and having it ready lets the campaign start without delay. If you are still weighing which professional to use, our conveyancer versus solicitor guide explains the difference.

Seller conveyancing costs in Victoria

A seller's costs look different from a buyer's, because your conveyancer's core task is preparing the Section 32 and the contract rather than reviewing them. The main items are:

Cost item Typical treatment Paid to
Conveyancer or lawyer professional fee About $880 to $2,200, often nearer the top for a sale (market estimate, GST inclusive) Your conveyancer or lawyer
Section 32 disbursements Title search, council and water certificates, planning and owners corporation searches Councils, water authorities, titles office (via your conveyancer)
Mortgage discharge fee Charged only if a loan is registered on the property Your lender
Estate agent commission Usually the largest selling cost; negotiated as a percentage of the sale price Your estate agent
Land transfer duty Not payable by the seller (a buyer cost) n/a

The professional-fee range is a market estimate for a standard residential matter (Conveyed and Eagle Peak, 2026), not an official schedule, and is GST inclusive. Disbursement amounts vary by council and property. Agent commission is set by your agency agreement, not by law. Any capital gains tax is a separate federal matter for your accountant, not a conveyancing cost. The full buyer-and-seller cost picture, with the duty and registry figures computed from official rates, is in the conveyancing cost Victoria guide.

Do sellers pay stamp duty in Victoria? No

Land transfer duty (Victoria's name for stamp duty) is paid by the buyer, not the seller, on a standard residential sale. It is assessed by the State Revenue Office Victoria on the buyer's purchase and is often their single largest cost, but it is not a seller expense. If you are curious how much your buyer will pay, or you are selling one home to buy another, the stamp duty Victoria guide sets out the rates and a calculator.

Discharging your mortgage

If a loan is registered against the property, it must be discharged at settlement so the buyer takes clear title. Once you have a signed contract, tell your lender you are selling and request a discharge of mortgage; lenders typically ask for several weeks' notice and charge a discharge or administration fee. Your conveyancer coordinates the timing so the lender is ready to release its security in the electronic settlement workspace at the same moment the buyer's funds arrive. The loan balance is paid out of the sale proceeds before the remaining funds reach you.

Settlement day for the seller

Most Victorian settlements now complete electronically through the PEXA platform, so there is no in-person meeting. On the day, both conveyancers are in the settlement workspace with the agreed figures. At the settlement time, the buyer's funds are transferred, your mortgage (if any) is discharged from those funds, agent commission and your conveyancing costs are accounted for, and the net proceeds are paid to you. The transfer of title is lodged with Land Services Victoria, moving ownership to the buyer. Once settlement confirms, your agent releases the keys. You should have vacated and removed your belongings by the settlement time set in the contract, because the buyer is entitled to possession as soon as settlement completes.

After settlement, Land Services Victoria registers the transfer, the title updates to show the new owner, and your conveyancer provides a settlement statement showing how the proceeds were applied.

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Conveyancing Explained provides general information about property transactions in Australia. It is not legal advice and does not create a client relationship. For advice on your situation, engage a licensed conveyancer, settlement agent, or property solicitor in your state or territory.