Private Treaty

The most common sale method — a listed asking price and negotiation between buyer and seller.

Private treaty is the standard "for sale" listing format where the seller advertises an asking price and buyers submit offers via the agent. Cooling-off periods apply (varies by state). Buyers can include conditional clauses (subject to finance, subject to building inspection). Most regional and outer-suburb Australian sales are private treaty; auctions are more common in metro Sydney and Melbourne.