Victorian Property Price Statement (PPS): How to create a PPS

From 1 October 2026, Victorian agents must use the Property Price Statement (PPS) instead of the Statement of Information (SOI). You can create your PPS in Pricefinder from the same place you created your SOI, using the same workflow.

Consumer Affairs Victoria (CAV) introduced the PPS to help prevent underquoting. It uses new official forms, updated wording, and asks for more detail about the property, comparable sales and the sale outcome.

Before you get started: 

• Same workflow. Open a Property Report, click Create Report, then select Property Price Statement (VIC).
• The right form is chosen for you. Pricefinder picks the Metropolitan or Regional single residential form based on the address.
• Single residential properties only. Multi-unit forms are not supported yet. Please use the blank CAV forms for multi-unit properties for now.
• Everything is saved in one place. Every PPS you create is saved in your Appraisals Dashboard.
• Check before you publish. You are responsible for confirming every figure on your PPS is accurate and complies with CAV rules.

What is included in the PPS builder

How to create a Property Price Statement (PPS)

Please follow the below mentioned steps to create your PPS:

1. Open the PPS builder. Search for the property and open its Property Report. Click Create Report, then select Property Price Statement (VIC). The builder opens on the Property Features tab.

   

2. Check the Property Features. Review the property type, bedrooms, bathrooms and car spaces and make any adjustments required. If the Building Area is empty and you know the exact area, enter it here. Click Next Step.

   

3. Set up the Cover Page (optional). Tick Cover Page to add your branded cover, or untick it to leave it out. Add or update your agent and agency details, then click Next Step.

   

4. Choose three comparable sales. On the Recently Sold tab, click Search. Results default to the same property type, sold in the last 6 months, within 500 m. If there are not enough results, open Refine Search and widen the radius or date range (see the limits below). Select the three sales that best match the property, then click Next Step.

   

5. Add pricing on the Appraisal & Print tab.

   • Indicative selling price (required): Enter a single price or a range, or click Click Here to use the range from your comparable sales.
   • Suburb median (required): This fills in automatically. Adjust the property type or period if a different median better reflects the market.
   • Seller’s reserve price: For auctions and fixed-date sales only (see Updating and managing your PPS).
   • Sale outcome: Leave this blank while the property is for sale (see Updating and managing your PPS).

   

6. Finalise your PPS. Tick Display only Consumer Affairs PDF version for the official PPS pages only, or untick it to also include the Pricefinder comparable sales summary. Click Finalise PPS.

   

Your PPS is generated and saved to your Appraisals Dashboard.

Note: Blank fields stay blank on the PDF. You can fill them in directly on the downloaded document.

What to do if you have fewer than three comparable sales

You can still create your PPS with fewer than three comparable sales. CAV needs a short explanation of why, and Pricefinder prompts you for it. CAV only accepts fewer than three comparables if none were found within the search limits in the table above.

1. In the PPS builder, go to the Recently Sold tab, search within the limits and select the comparable sales you found.
2. Go to the Appraisal & Print tab. Under Indicative Price Range, the agent declaration is ticked for you and a text box appears.
3. Type a short explanation of why fewer than three sales were used (up to 350 characters).
4. Complete the rest of the tab and click Finalise PPS.

Your explanation is included on the PPS. If you add a third sale later, the declaration and explanation are removed automatically.

→ Next: Victorian Property Price Statement (PPS): Updating and managing your PPS

Need help? Chat with us in Pricefinder, submit a support ticket, or contact your Account Manager or Customer Success Manager.

Pricefinder makes no representations or warranties about the accuracy or completeness of data in the Property Price Statement. Agents and their representatives are responsible for checking all information complies with Consumer Affairs Victoria rules. Find the full legislation and guidance at consumer.vic.gov.au/underquoting.