You can sell a car in Victoria without a roadworthy certificate, but there’s a catch: you can’t transfer the registration without one.
So your options are to supply a current RWC (valid for 30 days), cancel the rego and sell it unregistered, or sell it to a licensed dealer who can sort the paperwork later.
If the buyer wants it sans RWC, that’s fine—just know they can’t legally drive it on public roads until it’s registered (an Unregistered Vehicle Permit is the boring but useful workaround).
In short: yes, you can sell it, but the rego can’t change hands without that piece of paper; otherwise, it’s an “as-is, where-is” arrangement with towing involved.

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