Victoria Introduces Stronger Rental Protections: What You Need to Know
Victoria has just taken a significant step with new laws passed by the Allan Labor Government. These reforms, part of the Consumer and Planning Legislation Amendment (Housing Statement Reform) Bill 2024, build on the state’s extensive rental protections introduced since 2021. Whether you're a renter or a property owner, these changes will impact the way properties are rented and managed in Victoria.
Key Changes in Victoria’s Rental Laws
Rental Bidding is Now Banned
Landlords and agents can no longer encourage or accept higher offers from tenants.
Extended Notice Period for Rent Increases and Evictions
The notice period for rental increases and vacate notices has been extended from 60 to 90 days.
Ban on No-Fault Evictions
Landlords can no longer evict tenants without a valid reason or for ‘no reason’
Standard Rental Application Form & Privacy Protections
A new standard application form will replace agency-specific ones.
Real estate agents must now follow stricter privacy rules regarding renter information.
Ban on Fees for Rental Applications and Payments
Renters can no longer be charged fees by rental technology platforms when applying for a property or making rent payments.
Registration and Training for Property Professionals
Real estate agents, property managers, owners corporation (OC) managers, and conveyancers must now be registered and undergo ongoing professional development.
Harsher Penalties for Breaking the Law
Fines of up to $47,422 will apply to agents and sellers who break laws, such as underquoting or providing misleading property information.
Mandatory Annual Smoke Alarm Checks
All rental properties must undergo yearly smoke alarm safety checks.
Minimum Standards Must Be Met Before Advertising a Property
Previously, rental properties only needed to meet minimum standards before a tenant moved in. Now, they must comply before they are even listed for rent.
What This Means
For landlords and property managers, the new laws mean stricter compliance, increased accountability, and a greater focus on tenant rights. The requirement for professional registration and training will also help maintain industry standards.
When Do These Changes Take Effect?
The new laws will officially come into effect in November 2025, with additional reforms set to be introduced later in the year.
At Banksia Property Agency, we are committed to our clients informed about these changes. If you have any questions about how these new laws impact your rental property, feel free to reach out to us.
See more here.