Minimum Financial Requirements - What you need to know
Victoria's new Minimum Financial Requirements (MFR) for home builders took effect on 1 July 2026. The rules set financial thresholds builders must meet to hold a domestic building licence.
What are Victoria's new Minimum Financial Requirements for home builders from July 2026?
Builders in Victoria must now meet new financial standards to keep their licence. Failure to comply could affect their ability to legally trade.
Key takeaways
- Victoria's new Minimum Financial Requirements for home builders started on 1 July 2026.
- The MFR rules set financial thresholds builders must meet to hold a domestic building licence in VIC.
- Builders who don't meet the new requirements risk losing their licence and ability to legally trade.
- Victorian builders should review the MFR rules now to confirm they remain compliant.
Related
Victoria expands scheme to subsidise ceiling insulation installations
The Victorian government has expanded the Victorian Energy Upgrades (VEU) program to include upfront discounts on ceiling insulation. The government says households could save more than AU$400 a year on power bills.
Why it matters: Insulation installers, builders and carpenters in Victoria may see more demand as upfront discounts make ceiling insulation cheaper for households. Accredited providers should check the VEU requirements.
New rules add thousands to the cost of a new home as Tasmania falls years behind on housing
From today, all new homes built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home.
Why it matters: Builders and carpenters in Tasmania must now design and build to the full livable housing standard, which raises per-home costs and may change quoting, design and compliance work.
ACT housing approvals slump puts 2030 target under pressure
Building approvals in the ACT dropped by half in the three months to August compared to a year earlier. The slump raises serious doubts about whether the territory can meet its 2030 housing supply target.
Why it matters: Builders and related trades in the ACT face a shrinking project pipeline, meaning fewer contracts and less work ahead if approvals don't recover.