Following public consultation, the Victorian government are proposing changes to the education and fee regulations that currently govern property industry professionals. The main changes cover:
Training for Owners Corporation (OC) Managers
Owners Corporation managers who are either registered as an individual or are an OIEC of an OC management business will need to meet new initial training requirements. This includes people already working in these roles, who must finish this training by 30 June 2027.
Continuing Professional Development (CPD) Requirements
People working in real estate and property services will need to undertake CPD on an annual basis. This includes real estate agents, estate agents’ representatives and conveyancers from 1st April 2027, and OC managers and OIECs from 1st April 2028.
Changes to Fees
The Government has reviewed the fees for licences and registrations with changes proposed to ensure fees cover the cost of running licence and registration systems. Fees are being introduced for agents’ representatives and OIECs of OC management businesses.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
To book a free 20-minute consultation, simply click here and choose a time convenient to you.
By Wendy Chamberlain
Copyright 2026 | All Rights Reserved