Brett Warren , National Director – Metropole Group
The Victoria rental market is evolving – and for property investors, that presents both challenges and opportunities.
As highlighted in a recent editorial by the Real Estate Institute of Victoria (REIV), the ecosystem is under pressure, but there’s reason for optimism if we can restore balance and fairness for all involved.
Since 2021, more than 130 legislative changes have reshaped the rental landscape in Victoria. Many reforms rightly protect renters – but they’ve also introduced complexities for those supplying rental homes. It’s not about competing rights. It’s about ensuring that all parties in the rental relationship are respected and supported.
The REIV’s Striking a Balance submission to the Victorian Government calls for smart, evidence-based tweaks to the Residential Tenancies Act. These aren’t sweeping changes – they’re measured steps that would give rental providers clearer tools to manage risks while keeping homes in the market.
From aligning notice periods to enabling fair possession rights in cases of serious breaches or rental default, these proposed reforms are designed to strengthen investor confidence. And that’s critical. Because maintaining a stable, thriving rental market hinges on keeping investment viable.
What’s most refreshing about REIV’s stance is its emphasis on collaboration and not confrontation. Property investors play a vital role in housing supply. They’re partners in providing homes, not just portfolio builders. By reinforcing fair conditions for them, we help sustain rental stock and affordability long-term.
So, if you’re a property investor wondering what’s next, take heart. Industry voices are advocating with clarity and common sense – and with reforms like these on the table, the future looks a lot more balanced.
