Housing affordability and availability

Housing affordability and availability

In September 2023, the Victorian Government released Victorian’s Housing Statement. It is an ambitious ten-year plan to build 800,000 new homes across the state to combat the current housing shortage that Victoria is experiencing. The REIV commends the government’s commitment to promoting housing provision and accessibility whilst improving housing affordability.

Key Documents

Victoria's Housing Statement

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REIV response to the Housing Statement

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Housing Statement

The REIV continues to be an integral advisor to the Victorian Government’s Housing Statement Industry Advisory Board. As the Housing Statement’s objectives continue to roll out alongside the Allan Government’s commitment to build 800,000 new homes across the next decade, it is key that industry figures contribute to its design and implementation.

The REIV is engaging with CAV and other stakeholders as they commence work on the design and development of Rental Dispute Resolution Victoria (RDRV).

It has been confirmed a review of the RTA is due to commence soon.

Inquiry into Rental and Housing Affordability Crisis in Victoria

The REIV submission to the Legislative Council Legal and Social Issues Committee’s Inquiry into the rental and housing affordability crisis in Victoria (Inquiry) outlines the REIV’s position on this important issue. There are a large number of factors contributing to the low availability and high cost of rental properties in Victoria, and they all ultimately relate to supply and demand. The single best solution for the state’s current so-called ‘rental crisis’ is to increase housing supply. Now.

The ecosystem that the Victorian rental market currently operates in, has led to a shortage of available rental properties and increased competition. To address this, there is a need to encourage more investment and increase the supply of available rental homes to meet rising rental demand.

REIV SubmissionSynopsis of the Inquiry Report

Victorian Government must support rental providers to avoid further damage to rental market

The REIV appreciates the Victorian Government’s intent to ensure renters are securely housed but warns its proposed changes to rental legislation will create further pressure on an already endangered rental ecosystem.

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REIV celebrates Victorian real estate industry excellence

The REIV celebrated it's annual Awards for Excellence last night. Congratulations to all the winners.

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REIV welcomes stamp duty cuts for off-the-plan units, apartments and townhouses

The Real Estate Institute of Victoria (REIV) welcomes the Victorian Government’s plan to offer stamp duty concessions on all new apartments, units and townhouses purchased off-the-plan in Victoria.

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Units and apartments in outer Melbourne suburbs rally in an otherwise stable market

Quarterly median price data from the Real Estate Institute of Victoria (REIV) showed modest price changes across the state for the period ending 30 September 2024, but outer Melbourne units and apartments bucked the trend showing considerable growth for the third consecutive quarter.

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Victorian Government must support rental providers to avoid further damage to rental market

The REIV appreciates the Victorian Government’s intent to ensure renters are securely housed but warns its proposed changes to rental legislation will create further pressure on an already endangered rental ecosystem.
Read more

REIV celebrates Victorian real estate industry excellence

The REIV celebrated it's annual Awards for Excellence last night. Congratulations to all the winners.

Read more

REIV welcomes stamp duty cuts for off-the-plan units, apartments and townhouses

The Real Estate Institute of Victoria (REIV) welcomes the Victorian Government’s plan to offer stamp duty concessions on all new apartments, units and townhouses purchased off-the-plan in Victoria.

Read more

Units and apartments in outer Melbourne suburbs rally in an otherwise stable market

Quarterly median price data from the Real Estate Institute of Victoria (REIV) showed modest price changes across the state for the period ending 30 September 2024, but outer Melbourne units and apartments bucked the trend showing considerable growth for the third consecutive quarter.

Read more

REIV appoints Jacob Caine as President for a second term.

Jacob Caine has been reappointed as President of the Real estate Institute of Victoria (REIV) for a second term following a vote of REIV board members last night.

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RBA Update September 2024

Statement by the Reserve Bank Board: Monetary Policy Decision

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Looking just next door

Often, buyers looking to buy a house or unit limit their search to a handful of known suburbs, blissfully unaware that some great alternatives may be available.

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REIV reinforces commitment to strengthening Owners Corporation Management in Victoria

The REIV has reinforced its commitment to an ethical and transparent Owners Corporation Management sector through training.

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New Plan for Victoria

New Plan for Victoria must consider diverse housing needs and strategies that attract investment to finance the Plan

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AI Powered Agents 2024 Workshop Series

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Election Of REIV Board Of Directors 2024

Anthony Molinaro and Joseph Walton have been elected to the REIV Board of Directors.

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New energy efficiency minimum standards are welcome, but rental providers need more support implementing them

The Victorian Government’s intent to improve the energy efficiency standards of rental properties is commendable. However, the reality of rolling out these standards too quickly will create significant financial pain for rental providers in a very short period.

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Have your say in the plan for Victoria

The Victorian Government has commenced its Developing a new plan for Victoria campaign. As part of its wider Housing Statement agenda, the government is seeking feedback for its Big Ideas initiatives.

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