I need to change my Property Price Statement (formerly the Statement of Information, SOI)

If you are selling a residential property in Victoria, you must provide a Property Price Statement. It replaced the Statement of Information (SOI) from 1 October 2026, so if you've seen either name, it's the same document. PropertyNow creates this for you. For a new listing you don't need to send us comparable sales: we prepare the statement before your listing goes live, and we'll get in touch if we need anything from you. See Selling in Victoria: new reserve price and sold price rules. However, if the market changes or you find better comparable sales, you may need to update this document to ensure your indicative selling price remains accurate and compliant.

Mandatory requirements for comparable sales

To comply with Consumer Affairs Victoria regulations, the three comparable properties you choose must meet the following criteria:

• Number of sales: You must list the three most comparable properties. From 1 October 2026, if only one or two comparable sales can be found, list those and give the reason fewer than three were available.
• Property type: They must be of a similar standard and condition to your own.
• In metropolitan Melbourne: If your property is in the Melbourne corporate area, the sales must have occurred within the last 6 months and be located within 2km of your property.
• In regional Victoria: If your property is outside the Melbourne corporate area, the sales must have occurred within the last 18 months and be located within 5km of your property.

How to update your statement

You can update your statement by providing our team with the new data. You have two options:

Option 1: Provide the data via email

If you would like our team to generate the updated document for you, please email support@propertynow.com.au with the following details for each replacement property (up to three):

1. Full Address
2. Date of Sale
3. Sale Amount

Note: Please specify if you want these to replace all existing comparables or just specific ones (e.g., "Please replace comparable #2 with this new sale").

Option 2: Provide your own PDF

If you have already prepared a compliant Property Price Statement (either via a research tool or manually), you can simply email the PDF file to us. We will upload it directly to your listing across all portals.

Turnaround and compliance

Once we receive your update request or your new PDF, our team will update your listing within 24 hours.

Important: It is the seller's responsibility to ensure the indicative selling price on the statement matches the price displayed on the listing. The indicative selling price can be a single price or a range of no more than 10%, and it's separate from the price on your ad. If they don't match, just tell us the figure or range you want and we'll update the statement for you. For more information on your legal obligations, visit the Consumer Affairs Victoria – Underquoting Page.

Updated on: 02/11/2026