Advocacy

Advocacy

Your Voice For Our Industry

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.

Current Issues

Housing Affordability and Availability

REIV response and engagement on Victoria’s Housing Statement

Property Tax Reform

Proposals and discussion on tax reform to attract and retain private investment in Victoria.

Interim Certificate IV

Creating a pathway for employment in the sector

AML/CTF Reforms

New anti-money laundering and counter-terrorism compliance measures are being introduced for real estate professionals.

Sector Legislation & Regulation

Estate Agents Act

Operation and management of real estate agencies including business broking

Residential Tenancies Act

Leasing and management of rental housing including rooming houses

Owners Corporation Act

Management of common property across all real estate in Victoria

Retail Leases Act

Leasing and management of retail premises

Sale of Land Act

Matters relating to the buying and selling of land

Estate Agents Education Regulations

Qualifications and licensing requirements to work in the real estate sector

Latest News

REIV Commends State Opposition’s Commitment to Abolish Stamp Duty for First Home Buyers

The Real Estate Institute of Victoria (REIV) welcomes the State Opposition’s commitment to abolish stamp duty for first home buyers, an overdue reform that will help address the housing affordability crisis facing many Victorians.

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CEO Announcement

The Real Estate Institute of Victoria (REIV) today announces a leadership transition, with Chief Executive Officer Kelly Ryan stepping down from her position. REIV President Jacob Caine has been appointed as Interim CEO, taking a leave of absence from the Board.

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Another status quo budget for Victoria’s property sector is a missed opportunity to address critical housing supply issues

The Real Estate Institute of Victoria (REIV) has highlighted the lack of meaningful property sector reform in the 2025-26 Victorian State Budget (Budget), amid concerning new data reflecting diminishing investor confidence and the Victorian government reportedly forecast to generate $18.2 billion from property taxes this financial year.

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RBA Update May 2025

Statement by the Reserve Bank Board: Monetary Policy Decision

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