The sector urges the Government to review the regulations to allow students to undertake practical work under supervision while undertaking a Certificate IV in Property Services, without impacting the recently elevated training standards.
The REIV applauds the Victorian government for lifting entry standards, however, the unintended consequence is that it has significantly slowed the new talent coming through the sector.
The real estate profession is a leading economic contributor, currently employing thousands with almost 73 per cent (2021 ABS Census of Population and Housing) of all rental properties are managed by a real estate agent.
Since 2017, Victoria has seen an increase of 53 per cent to 56,000 people employed in the property sector. Its potential to employ thousands more is in front of government and industry, and a few simple changes could see the state attract more professionals, including many from interstate.
The Victorian Government needs to help attract new talent to work in the real estate industry, as the sector is experiencing significant staffing shortages, especially in residential property management and junior roles.
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
Read moreThis 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 moreThe 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 moreKey updates from CAV, Tenants Victoria, SRO, and VCAT highlight compliance, taxation, and dispute resolution shaping Victorian real estate.
Read moreCapital gains withholding changes: 15% rate applies to all property sales from Jan 2025.
Read moreStatement by the Reserve Bank Board: Monetary Policy Decision
Read moreA 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 moreThe 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 moreThe 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 moreIn 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 moreThe federal government’s AML/CTF Amendment Bill has been scrutinised by the Legal and Constitutional Affairs Legislation Committee through an inquiry.
Read moreThe Victorian Government’s temporary off-the-plan stamp duty concession is expected to pass through Parliament without any amendments.
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