Victoria is set to implement an additional levy for the owners of short-term rental properties leased. This change may affect local rental property trends. 

A rent roll exchange can take months, but it will drag out far longer than necessary if the vendor isn’t well-prepared going into the process. What’s more, a lack of preparation can lead to a deal falling apart in the later stages, which is frustrating for everyone involved.

A rent roll exchange is more like selling a business than a house. The process can take several months because of the steps and due diligence required. 

At a time when rental properties are already scarce, it is concerning as a property industry professional to hear reports saying investors are leaving the Victorian market.