30/10/2026
🏡 A quick share about Victoria’s new auction reserve rules.
The seller’s reserve price must be published at least seven days before auction day. Once the auction is underway, the seller can respond to the market bidding and interest, including accepting a bid above or below the published reserve.
If the property suits you, be there on auction day and stay engaged. Turn up, hold the last bid as the vendor can move their reserve during the auction to meet the market.
Nathan Arrowsmith, Ray White Bayside Group