The REIV is the trusted voice of Victoria’s real estate profession. We work closely with government, regulators, industry stakeholders, and the media to shape fair and practical policy outcomes that support members, protect consumers, and strengthen the property sector.
Through active engagement, evidence-based submissions, and public advocacy, the REIV ensures the interests of our industry are heard at every level of decision-making.
The Victorian Government has released its Housing Statement, outlining reforms aimed at increasing housing supply and improving affordability, including measures relevant to the rental market. It sets out planning, investment, and delivery initiatives intended to deliver new housing, encourage a diverse mix of dwelling types, and improve rental availability over the medium to long term across metropolitan and regional Victoria.
The Australian Government is extending anti-money laundering and counter-terrorism financing (AML/CTF) obligations to the real estate sector. These changes are intended to strengthen the integrity of the property market by reducing exposure to financial crime, while providing a clear regulatory framework for industry participants.
The Victorian Government has implemented changes to property taxation as part of broader revenue and housing policy settings. REIV continues to advocate for property taxation reform that supports housing supply, encourages investment, and avoids unintended impacts on rental availability, while contributing to a stable and sustainable property market.
The Residential Tenancies Act 1997 governs rental agreements in Victoria and sets out the rights and responsibilities of rental providers and renters. The Act outlines legal obligations for real estate agents regarding advertising, rent collection, maintenance, bond management, disclosures, entry notices, and dispute resolution.
The Estate Agents Act 1980 governs the licensing, conduct, and responsibilities of real estate agents in Victoria to ensure ethical and professional standards across the industry. The Act outlines the rules and regulations agents must follow, including licensing requirements, duties and responsibilities, and procedures for resolving disputes.
The Owners Corporations Act 2006 governs the management and operation of owners corporations, formerly known as body corporates. The Act outlines the duties and powers of owners corporations, including maintaining common areas, financial management, dispute resolution, and rule enforcement.
The Retail Leases Act 2003 governs retail shop leases in Victoria and aims to protect small business tenants by ensuring fair and transparent leasing practices. The Act outlines clear disclosure of lease terms, ensures tenants receive adequate documentation before signing, indicates what costs landlords can pass on, and mandates minimum lease standards.
The Sale of Land Act 1962 governs how land is sold, focusing on protecting buyers by requiring important disclosures from vendors before contracts are signed. The Act outlines the conduct of auctions, deposit handling, sunset clauses for off-the-plan sales, and prohibits misleading or deceptive conduct.