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 has welcomed the Victorian Government’s decision to delay the planned increase to the Emergency Services and Volunteers Fund.
Read moreThe REIV has reiterated its strong support for strengthened education standards and mandatory continuing professional development (CPD) in its submission regarding the Victorian Government’s proposed changes to education and registration fees.
Read moreThe Victorian Parliament, through the Legislative Assembly Environment and Planning Committee, has released its final report on the supply of homes in regional Victoria, confirming what the REIV and regional agents have long warned: housing supply across regional communities is not keeping pace with demand.
Read moreDespite rising property listings, properties in Melbourne are selling faster than any time since August 2023. This highlights the improved sentiment of buyers amid rising demand for Melbourne property.
Read moreThe Victorian Government has released its updated Residential Tenancies Regulations, confirming significant reforms that every property manager must understand
Read moreThe Real Institute of Victoria (REIV) calls on the Victorian Government to shift its focus from over-regulation to investment incentives if it is to achieve the critical market balance needed to overcome the state’s rental housing supply issues.
Read moreThe REIV welcomes effective regulatory reform to address underquoting concerns but cautions the Victorian Government against adopting an overly narrow and reactive approach.
Read moreStatement by the Monetary Policy Board: Monetary Policy Decision
Read moreRevolutionary digital platform to unlock private sector investment for essential worker housing
Read moreThis column is designed to give you the inside information on what the latest data shows and what you need to know for your discussions with buyers and vendors.
Read moreNearly 7,500 properties were sold under the hammer across Victoria in the September quarter 2025, marking the state’s strongest result for this period since 2017.
Read moreThe Real Estate Institute of Victoria (REIV) today announced the appointment of Toby Balazs as Chief Executive Officer, commencing 10 November 2025. Sam Hatzistamatis, REIV President, said Mr Balazs’ extensive industry experience and high-performance credentials distinguished him as the standout leader to progress the REIV’s vision.
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