The rules are changing—again. Victoria’s rental market is already under pressure, yet recent reforms could push even more rental providers out of the game. With 75% of rental providers calling for the repeal of ‘no-reason’ notices to vacate and concerns mounting over stricter energy efficiency standards, it’s clear: property owners are feeling the squeeze.
The Real Estate Institute of Victoria (REIV) has made one thing clear—without meaningful support for rental providers, these changes may do more harm than good. While reforms like mandatory smoke alarm checks and clear rental application standards are steps in the right direction, increasing regulatory burdens without incentives risks shrinking rental supply – and that’s bad news for everyone.
REIV’s December 2024 survey of members revealed what’s hitting rental providers hardest:
✔️ 75% want the ‘no-reason’ notice to vacate repeal overturned.
✔️ 74% are concerned about the cost of new energy efficiency standards.
✔️ 45% say longer notice periods for rent increases will cause issues.
So, what exactly is changing? What do rental providers need to prepare for? And most importantly, how can they navigate these reforms while protecting their investment?
Here’s the breakdown:
- No-reason notices to vacate repealed: Rental providers will no longer be able to end a tenancy after the first fixed term without specific grounds.
- Rental bidding banned: Even unsolicited offers above the advertised rent will be prohibited, with hefty fines for breaches.
- Longer notice periods: Rental providers must give 90 days’ notice for rent increases or ending a lease, up from 60 days.
- Stricter energy efficiency standards: Minimum standards will apply before a property can even be advertised.
- Privacy protections for renters: Strict rules around collecting, storing, and destroying renter data will now apply.
- More training and licensing for agents: The industry will see tighter regulations for property managers and estate agents.
With these changes taking effect, rental providers must stay informed, adjust their strategies, and ensure they’re compliant. The right preparation now could save significant costs—and headaches—down the track.
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The information provided in this blog is for general informational purposes only and should not be considered legal, financial, or professional advice. While we strive to ensure accuracy, real estate laws, market conditions, and regulations may change. Bendigo Real Estate encourages readers to seek independent advice from qualified professionals before making any property-related decisions. We are not liable for any actions taken based on this content. Always verify information with relevant authorities to ensure compliance with current Australian laws and guidelines.