The build-to-rent model is a more recent approach to rental provision that aims to attract investment and development whilst providing stock specifically for the rental market under unique conditions. Although there are slight jurisdictional differences on what constitutes build-to-rent, it is effectively a large strata-type arrangement that is run under a singular management structure that...

The link between building approvals and the prevalence of rental bonds in the market is not necessarily an obvious one. However, it is self-evident in some parts of the state that an increase in approvals leads to improvements in housing supply that is then delivered to the rental market.As the REIV maintains its efforts to promote the provision of housing supply across Victoria, we looked back at a...

Opinion article published in the Herald Sun 12/03/2024 - "Don't Tax Housing Ambitions"Jacob Caine, REIV PresidentIn order to meet its objective of delivering 800,000 new homes in the next decade, the Victorian Government will need to consider modernising its property taxation strategy to one that both retains and attracts private investment.As Victoria’s house prices continue to soar and renters face...

While median house and unit prices across Victoria saw a stable but subdued performance in the fourth quarter of 2023, Melbourne’s eastern and south-eastern suburbs defied the remainder of the state with solid growth. According to the Real Estate Institute of Victoria’s median data for the quarter ending 31 December 2023, Frankston South was among suburbs with the highest quarterly growth, with...

Another day, another tax; property sector bewildered by blissfully ignorant State Government Opinion Editorial published in the Herald Sun on 05 October 2023By Quentin Kilian, CEO Real Estate Institute of Victoria Yet again, we are left floored by the Victorian Government’s ability to disregard industry engagement, ignore expert property sector recommendations and undermine the...

Agencies and Residential Rental Providers who fail to complete rent increase notices correctly may be at risk of having to reimburse any increased amounts to renters in the future by determination at VCAT. We urge all property management teams and administration staff to review their processes and practices in issuing notices of proposed rent increases to ensure alignment and compliance with the Victorian...

Opinion Editorial published in the Herald Sun on 21 September 2023By Quentin Kilian, CEO Real Estate Institute of Victoria REIV welcomes, in principle, yesterday’s government efforts to ensure the long-term sustainability of Victoria’s housing supply. While we applaud the focus on improving the availability and quality of social and affordable housing in Victoria’s Housing Statement...

For the first time since the June 2021 quarter, houses and units across inner, middle, and outer Melbourne all recorded growth according to the Real Estate Institute of Victoria’s quarterly median data for September 2023 Statewide, the data shows growing signs of stability as outer suburbs drive Victorian price growth, up 1.3 percent (for houses) and 1.8 per cent (for units) compared to last...