As a result of considerable change in the property market, the State Government has announced a review to ensure current consumer laws are best supporting fair and easy access for the whole community.
The review will examine consumer protections for those looking to purchase property, including laws relating to underquoting, off-the-plan sales, and estate agent conduct.
An expert panel has been appointed to conduct the review and public consultation. The panel will be led by Carolyn Bond AO and Enzo Raimondo.
Bond has more than 30 years’ experience as a consumer advocate, including more than six years as the co-CEO of the Consumer Action Law Centre. Raimondo has more than 20 years’ experience in the property sector, including as the CEO of the Real Estate Institute of Victoria (REIV).
The panel will explore whether further reform is required to ensure agents and agents’ representatives have the expertise, skills, and education they need to maintain ongoing good practice within the industry.
The review will seek contributions and feedback outlining people’s experiences and perspectives to ensure that current consumer laws are best supporting fair and easy access to the housing market.
Online submissions for the property market review are now open. Submissions can be made up until 11.59pm on 1 April 2022.
To have your say, visit Engage Victoria.