Vacant residential land tax (VRLT) is an annual tax on vacant residential land in Victoria. It aims to increase the supply of housing. VRLT is based on how the property was used in the previous year. For example, if your property was vacant in 2025, you may need to pay VRLT in 2026. VRLT applies to all residential land in Victoria. Before 2025, it only applied to these council areas in Melbourne: Banyule, Bayside, Boroondara, Darebin, Glen Eira, Hobsons Bay, Manningham, Marib

If bids do not meet the seller's reserve, the property may be 'passed in' or 'withdrawn from auction'. The highest bidder then gets first right to negotiate a price with the seller. If the highest bidder and seller cannot agree on a price, the estate agent may approach another bidder to negotiate a sale price. If the seller cannot agree on a price with any buyer and they decide to leave the property on the market, they may offer it for private sale. If the agent advertises th

Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose...