Agents could soon be required to disclose the final sale price of homes under a housing shake-up designed win over younger voters ahead of a tightly contested state election.
The pledge joins another sweetener spruiked by the Victorian government, which would make vendors responsible for pre-sale property and pest inspections.
Redbridge pollster Kos Samaras said the policy targeted a growing block of younger voters struggling to break into the housing market.
"Clearly it's a policy pitch towards a group of Victorians who are going to be very instrumental in terms of that election result," he told AAP.
The Victorian government on Friday revealed it was committed to making it compulsory for agents to disclose the sale price immediately after a contract becomes unconditional.
It is not uncommon recently sold properties to have their price publicly listed as "withheld" or "contact agent", and can take months for sale prices to be published by Valuer-General Victoria.
Non-disclosure distorts the market due to a lack of transparency around prices for similar homes in the area and makes it more difficult to track underquoting.
"When you're making the most significant financial decision of your life, you need all of the information at your disposal," Consumer Affairs Minister Nick Staikos told reporters.
It builds on another plan, announced on Thursday, which will see sellers required to organise and pay for building and pest inspections before a sale and make the reports available to all prospective buyers.
At present, buyers tend to arrange and pay for their own inspections, with costs mounting if they miss out at auction or negotiations fall through.
The Allan government has yet to provide detailed plans but says it will consult its counterpart in the ACT, where vendors can be reimbursed by buyers after a successful sale.
Introduced in 2003, the scheme has been a success for buyers and sellers, according to Real Estate Institute of the ACT chief executive Maria Edwards.
"It's created a fair system where, if something isn't compliant, that burden is not being transferred from one owner to another," she told AAP.
Although the Australian Institute of Building Surveyors have warned only qualified people should be undertaking the inspections.
"Ideally this is achieved through a registration scheme for people conducting this work so that vendors can't just get the least competent person at the cheapest possible rate they can find to do the inspection to satisfy the obligation to provide an inspection report," a spokesperson said.
Opposition Leader Jess Wilson said the coalition would wait for more detail before deciding whether it would support the policy.
"I don't understand why the government is holding this up as a big cost-of-living relief exercise if they're not intending to implement it for Victorians now," she said.
