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.
The REIV is expecting about 1350 auctions in 303 suburbs this week.
Read moreThe most recent quarter showed strong demand for larger, family sized 3-bedroom apartments in the CBD, even while smaller apartments faced tough selling conditions.
Read moreThe REIA has released its Housing Affordability Report for the June 2025 quarter, highlighting a second consecutive improvement in both housing and rental affordability, following an all-time low in December 2024.
Read moreThe rental market across Victoria has grown strongly over the past five years, outperforming the sales market in metropolitan areas.
Read moreUnderquoting and the challenges it creates for consumers has long been a matter of media attention, fuelling distrust in our sector. The introduction of underquoting legislation in 2017 brought new requirements, including Statements of Information, and while most of the sector has complied, public perception remains that underquoting is widespread. This continues to erode consumer confidence in our profession.
Read moreThe Real Estate Institute of Victoria (REIV) welcomes the opportunity to contribute to the Victorian Government’s review of the Owners Corporations Act, putting forward recommendations designed to build a highly professional, transparent, and well-qualified sector ready to meet future growth.
Read moreStatement by the Monetary Policy Board: Monetary Policy Decision
Read moreThe Real Estate Institute of Victoria (REIV) is pleased to announce First AML as its preferred Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance provider for Members across Victoria.
Read moreThe Real Estate Institute of Victoria (REIV) reiterates the Institute’s commitment to helping to ensure a fair and transparent property sector in Victoria. Strongly denouncing any form of unlawful underquoting, the REIV has called for a Victorian Government-led, sector-wide response to the issue, involving a genuine stakeholder consultation process.
Read moreThe REIV is keenly aware of how instances of non-compliance with Victoria’s underquoting laws can erode consumer confidence in the fairness of the residential property market.
Read moreWe invite you to share your insights through this short survey to help shape the Owners Corporation Act Review.
Read moreREIV’s Agency Leaders Summit delivered key insights on AML/CTF reforms, risk management, and reputation—empowering real estate leaders to navigate change.
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