Building Electrification – RIS

Building Electrification – RIS

Member feedback on the Victorian Government’s Regulatory Impact Statement (RIS) on Building Electrification.

Five things to consider in selecting a real estate training provider

Given the real estate industry’s size and importance to so many Australians – particularly amid the current housing supply and cost-of-living challenges – the need to support and maintain the professional standards of industry practitioners has never been greater.

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RTBA Report: Bond Numbers Drop, but Total Value Rises Amid Tightening Rental Market

The latest Residential Tenancies Bond Authority (RTBA) Annual Report for 2023-24 highlights key shifts in Victoria’s rental market.

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Improved affordability provides buyers with choice across Victoria

Quarterly median price data from the Real Estate Institute of Victoria (REIV) shows a continuation of modest price changes for the period ending 31 December 2024, creating a window of opportunity for discerning buyers.

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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.

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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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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.

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Short 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.

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Annual Reports – An overview

Key updates from CAV, Tenants Victoria, SRO, and VCAT highlight compliance, taxation, and dispute resolution shaping Victorian real estate.

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Capital gains withholding: Impacts on foreign and Australian residents

Capital gains withholding changes: 15% rate applies to all property sales from Jan 2025.

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RBA Update December 2024

Statement by the Reserve Bank Board: Monetary Policy Decision

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The 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.

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Federal 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.

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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.