New congestion levy announced for 2026
In December 2024, the Victorian Government announced changes to the congestion levy for parts of inner Melbourne, which will come into effect in January 2026
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Rental Bonds fall significantly across Victoria
The report provides critical insights into the private rental market in Victoria through key statistics. Notably, rental bonds for new lettings have significantly fallen across the state, a concerning indicator for the rental ecosystem.
Reminder that VRLT and AOS notifications are due
This is a reminder that notifications for the vacant residential land tax (VRLT) and absentee owner surcharge (AOS) are due today (15 January 2024). Further, changes have been made to the VRLT.
Read moreShort Stay Levy in Place Effective 1 January
The SRO has issued reminders on changes to Victoria’s tax system, effective 1st January 2025. This includes changes to the short-stay levy, which passed the Victorian Parliament in October 2024.
Read moreAnnual Reports – An overview
Key updates from CAV, Tenants Victoria, SRO, and VCAT highlight compliance, taxation, and dispute resolution shaping Victorian real estate.
Read moreCapital gains withholding: Impacts on foreign and Australian residents
Capital gains withholding changes: 15% rate applies to all property sales from Jan 2025.
Read moreRBA Update December 2024
Statement by the Reserve Bank Board: Monetary Policy Decision
Read moreThe Senate has released its findings on Australia’s financial regulatory framework and its impacts on home ownership
A Senate inquiry calls for reforms to help first-home buyers, including changes to APRA’s lending rules and support for co-ownership lending. The report urges policies to improve homeownership access.
Read moreFederal Parliament Legislative Changes December 2024 Update
The Albanese Government passed key bills, including incentives for build-to-rent developments, the Help to Buy scheme, and expanded anti-money laundering rules for real estate professionals.
Read moreKey Changes in the 2024 Housing Reform Bill
The Victorian Government's 2024 Housing Reform Bill introduces new regulations for the rental market, real estate professionals, and planning processes, including stricter rent increase rules, mandatory licensing, and streamlined development approvals.
Read moreFurther proposed rental reforms risk more damage to rental market
In response to new legislation, the REIV welcomes some measures but warns that other new measures will add further strain to a rental market already under pressure.
Read moreReal Estate Sector Raises Concerns Over AML/CTF Bill's Compliance Costs
The federal government’s AML/CTF Amendment Bill has been scrutinised by the Legal and Constitutional Affairs Legislation Committee through an inquiry.
Read moreOff-the-plan stamp duty concessions sail through Parliament
The Victorian Government’s temporary off-the-plan stamp duty concession is expected to pass through Parliament without any amendments.
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Real Estate Matters - A podcast by the REIV
The REIV provides a platform for informed, expert led conversations on the topics that matter to real estate professionals and enthusiasts.
A new episode of the REIV-owned podcast will launch every six weeks. The podcast will feature interviews with property sector experts and will include guests from the REIV membership, kindred bodies, policy makers and regulators.