realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Victoria rental laws could impact rental market

18 December 2019 Lyall Russell
REIV President Leah Calnan

Low vacancy rates in Victoria and rental law reform could make it harder for tenants to find a home.

The REIV has called on the state government to be mindful of the low vacancy rate in the state when it processes through the next stage of rental law reform.

The real estate body has analysed the proposed Residential Tenancies Regulations in great detail.

“The REIV has had a team looking at the changes and has made a submission that focuses on getting the best result for landlords, tenants and agencies,” REIV president Leah Calnan said.


“With record-low vacancy rates across Victoria, it’s already incredibly tough for a person to get a rental home. The REIV is deeply concerned that these rental reforms may force landlords to take their properties off the market, making our statewide rental housing shortage even worse.”

Like other rental reform legislation, the REIV pointed out this legislation erodes the control property owners have, which has made many landlords nervous about changes to their investment property.

“If rental housing stocks are impacted further, this legislation will make it harder for a tenant to get a rental home,” Ms Calnan said.

“If rental shortages continue to worsen, we have great concerns that the most vulnerable in our society will suffer, many families who are unable to obtain a rental home will be forced onto the streets, placing more pressure on welfare groups and charities.”

The state government has more than 130 reforms to rental laws on the cards, and they will be implemented by 1 July 2020.

Victoria rental laws could impact rental market
Leah Calnan REIV reb
lawyersweekly logo
Recommended by Spike Native Network

Why we’ll keep delivering for our communities in the face of COVID-19


As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.