The real estate sector’s contribution to the Victorian economy is significant; larger than the mining, agriculture, and manufacturing sectors combined.
Buyers, sellers, owners and renters directly contribute billions of dollars in stamp duty, land tax and other state government charges, accounting for more than 40 per cent of government revenue.
Real estate businesses employ more than 15,000 people in Victoria in a market that handles around $76 billion in transactions annually, totalling 20 per cent of Gross State Product.
REIV strives to work with policy makers, legislators and regulators, collaboratively, to ensure that informed regulatory policy is developed so that the sector has certainty and fairness.
