It is inevitable. All Commonwealth countries with torrens title land registration systems will all have vendor disclosure, without exception. Even Tassie the last bastion for caveat emptor is currently instroducing a vendor disclosure regime. Victoria which has had vendor disclosure since 1983 will one day, I believe, review the current legislation and push for more regulated vendor disclosure, probably akin to Tasmania, ACT or even the UK.
UK, which I admit I am not overtly familar with, is introducing vendor disclosure + electronic conveyancing. Its called the Home Information Pack.
From 1 June 2007 all home owners in England and Wales will need to arrange for a Home Information Pack to be prepared before putting their homes up for sale. Ruth Kelly, appointed as the new Secretary of State for the Department of Communities and Local Government said:
"Home Information Packs will bring together all the information people need to buy and sell a home, to help them make informed decisions about what is probably the most expensive purchase of their lives. The Packs will especially help first time buyers as they receive the packs for free."
The result of the UK model is it pushes more of the cost onto the seller to give the information upfront rather than on the buyer or the prospective buyer. Kinda makes sense. Plus if you combine vendor disclosure with online publishing as advocated by the 247legal model, it makes even greater sense.
Here's the link for the Department for Communities and Local Government website.
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