Do you own vacant residential land? Do you know about the new changes coming into effect 1st January 2026?

Residential land in metropolitan Melbourne that has remained undeveloped for at least 5 years may attract VRLT from the 1st of January 2026 onwards.

What does this mean?

• Residential land capable of development cannot remain undeveloped without attracting VRLT.

• From the 1st of January 2026, VRLT may also apply to residential land outside inner and middle Melbourne with a residence that has been uninhabitable or under construction or renovation for more than 2 years.

What do I need to do next?
If you own residential land anywhere in Victoria that has been uninhabitable or under construction or renovation since the 31st of December 2023 or earlier, you may need to pay VRLT in 2026.
Remember, if you own residential land that was vacant for 6 months or more in the previous calendar year, you must notify the SRO by the 15th of January.

Are there any exemptions?
Yes. Land that cannot be used or developed for residential purposes, or land that is contiguous to the owner’s principal place of residence or holiday home, is exempt.

How can I find out more?
If you think you need to report, please call Beck Legal on (03) 5445 3333 or visit our sro.vic.gov.au/vacant for more information.