Overview
In September 2023, the Victorian Government released Victoria’s Housing Statement. It is an ambitious 10-year plan to build 800,000 new homes across Victoria to combat the current housing shortage. The REIV commends the government’s commitment to promoting housing provision, whilst improving affordability.
The REIV continues to advocate to government on legislation and regulations introduced through Housing Statement reforms.
Key reforms include:
Banning rental bidding, including from renters, and application fees.
Removing ‘no reason’ notices to vacate.
Extending notice periods for rent increases and notices to vacate.
Introducing prescribed rental application forms to standardise data collection and improve compliance.
Implementing new privacy and data-handling requirements for renter and applicant information.
Requiring minimum property standards before advertising a property for lease.
Enhancing registration and CPD education requirements for agents’ representatives, estate agents, and owners corporation managers.
The REIV has consolidated the list of reforms and will provide additional information as it is released
