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A Victorian Contract of Sale is the legal agreement between a vendor and purchaser for the sale of real property. It must be accompanied by a vendor's statement (a "section 32 statement") disclosing prescribed information about the property, given to the purchaser before they sign. If a vendor fails to provide it, or supplies false information, the purchaser may have grounds to rescind the contract.
Last reviewed: 21 August 2026
The Contract of Sale sets out the price, terms, and settlement date agreed between vendor and purchaser. It is distinct from the Sale Authority, which is the agreement between the vendor and their agent - the authority governs the agent's engagement to sell the property, while the contract governs the sale itself.
A Victorian Contract of Sale is the legal agreement between a vendor and purchaser for the sale of real property. It sets out the price, terms, and settlement date, and must be accompanied by a vendor's statement (a "section 32 statement") disclosing prescribed information about the property.
A section 32 statement is a disclosure document required under section 32 of the Sale of Land Act 1962. The vendor must give it to the purchaser before the purchaser signs the contract. If a vendor fails to provide it, or supplies false information in it, the purchaser may have grounds to rescind the contract.