The sector urges the Government to review the regulations to allow students to undertake practical work under supervision while undertaking a Certificate IV in Property Services, without impacting the recently elevated training standards.
The REIV applauds the Victorian government for lifting entry standards, however, the unintended consequence is that it has significantly slowed the new talent coming through the sector.
The real estate profession is a leading economic contributor, currently employing thousands with almost 73 per cent (2021 ABS Census of Population and Housing) of all rental properties are managed by a real estate agent.
Since 2017, Victoria has seen an increase of 53 per cent to 56,000 people employed in the property sector. Its potential to employ thousands more is in front of government and industry, and a few simple changes could see the state attract more professionals, including many from interstate.
The Victorian Government needs to help attract new talent to work in the real estate industry, as the sector is experiencing significant staffing shortages, especially in residential property management and junior roles.
The VCAT (Fees) Regulations 2026 have now been made and will operationally commence from 27 June 2026.
Read moreJune 2026 Column by Cameron Kusher
Read moreThe Real Estate Institute of Victoria (REIV) has written to all Members of Parliament warning that the Consumer Legislation Amendment Bill 2026 (Bill), unless substantially amended, will create further complexity in property transactions.
Read moreFrom 1 July 2026, most Australian real estate agencies will become “reporting entities” under the Anti Money Laundering and Counter Terrorism Financing (AML/CTF) regime. AUSTRAC has confirmed that AML/CTF obligations will apply to the real estate sector from that date, supported by new “tranche 2” risk and indicator guidance.
Read moreThe Victorian Government has tabled an omnibus bill that impacts across the real estate sector.
Read moreThe Victorian Government’s introduction of legislation requiring sellers to disclose auction reserve prices seven days before auction will have a counter-productive effect on price transparency and worsen the buying experience for Victorians.
Read moreThe Victorian Government has published its long-awaited OC Act Review and announced legislation based on its recommendations.
Read moreMay 2026 Column by Cameron Kusher
Read moreWith the 2026 State Election approaching, new independent research commissioned by the Real Estate Institute of Victoria (REIV) has revealed a significant vote of no-confidence in the State Government’s proposed response to underquoting, with 94% of Victorian property owners saying they would fundamentally change their selling strategy if forced to disclose their reserve price seven days before an auction.
Read moreThe Commercial & Industrial Conference 2026, the first to be held at REIV HQ, was a runaway success, delivering a day of practical insights into tenancy insolvencies, arrears recovery, eviction challenges, and the key risks shaping the commercial and industrial property sector
Read moreStatement by the Monetary Policy Board: Monetary Policy Decision
Read moreThe Real Estate Institute of Victoria (REIV) has described the 2026-27 Victorian State Budget (Budget) as a failed chance to restore much-needed confidence in Victoria’s rental market through property tax reform. While welcoming certain positive budgetary aspects, including increased support for social and affordable housing, the REIV said this was a missed opportunity to attract and retain investment in Victoria’s property market.
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