VIC Settlement Timeline
Victoria Settlement Deadlines:
Exchange to Keys
Victoria is Australia's largest residential property market by transaction volume. The standard settlement period is 60 days, with a 3 business day cooling-off period. The Section 32 Vendor Statement must be provided before exchange, making VIC the only state with mandatory pre-exchange vendor disclosure.
60Day Settlement
3Day Cooling-Off
47Steps Mapped
Key documentSection 32 Vendor Statement
Cooling-off period3 business days
Withdrawal penalty0.2% of the purchase price
PEXAMandatory for most residential transactions