In this week’s Wealth Coffee Chats, property management expert Kat Schostit breaks down Victoria’s incoming rental reform laws taking effect this November — and what every property investor needs to know to stay compliant (and avoid costly fines). From the ban on rental bidding and rental price ranges to the extended 90-day notice period and the end of no-fault evictions, Kat explains how these changes impact landlords and property managers alike. He also covers updates to minimum standards, compliance checks, and the importance of keeping your property strategy aligned with the latest legislation. With more than $600,000 in fines already issued to non-compliant landlords and agencies, this episode is a must-listen for anyone who wants to keep their portfolio protected, profitable, and future-proof.

Episode Highlights:

1. Overview of the new Consumer Planning Legislation Amendment Bill 2024.
2. Ban on rental bidding — why price ranges are now illegal in property ads.
3. Extended notice-to-vacate period from 60 to 90 days.
4. The end of no-fault evictions and what that means for investors.
5. Why minimum standards and compliance checks matter more than ever.
6. Real fines and penalties — over $600,000 issued to non-compliant landlords.
7. Tips to keep your investment safe and strategy aligned with new laws.
8. Update on CPD requirements for property managers coming to Victoria by 2026–2027.
9. Final advice: stay informed, stay compliant, and keep your long-term property goals on track.