Media Releases 2013
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Date of Release
13 December 2013
The President of the Real Estate Institute of Australia, Peter Bushby, applauds the decision by COAG to can the proposed National Occupational Licensing Scheme reform in favour of a sensible and workable solution.
“Australia’s 118,000 real estate professionals are happy that COAG has delivered them an early Christmas present. The decision reflects what REIA and its members have been saying for the last 18 months that the proposal did not deliver the expected benefits and that there is a better way to achieve them.”
12 December 2013
The Real Estate Institute of Australia (REIA) says it is astonished that the Productivity Commission would propose that COAG adopt a rushed deadline to implement an ineffective legislative scheme that ‘dumbs down’ the real estate profession.
The President of the REIA, Mr Peter Bushby, said that REIA believes that mutual recognition is the answer rather than creating a centralized bureaucracy through the National Occupational Licensing Authority (NOLA) which is wasting millions of taxpayer dollars a year.
11 December 2013
The Real Estate Institute of Australia says the figures according to the latest Bendigo Bank/REIA Real Estate Market Facts publication indicate that Australia is in a growth phase when it comes to housing.
Real Estate Institute of Australia (REIA) President Peter Bushby says, “The weighted average, capital city, median price increased 3.0% for houses and 2.2% for other dwellings during the September quarter.”
10 December 2013
The Real Estate Institute of Australia (REIA) says the latest housing finance figures released by the Australian Bureau of Statistics (ABS) show overall confidence in the housing market.
The figures show growth in the number of investment housing commitments in response to interest rate cuts and the more positive housing outlook for much of the country, however first home buyers continue to shy away from the market.
08 December 2013
04 December 2013
The Real Estate Institute of Australia (REIA) says that in the September quarter of 2013 the ACT remained the most affordable state or territory in which to buy a home, NSW remained the least affordable and first home buyers are disappearing.
REIA President Peter Bushby says, “The latest Adelaide Bank/REIA Housing Affordability Report shows an improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 1.2 percentage points to 29.8%.”
27 November 2013
27 November 2013
In its submission to the National Commission of Audit, the Real Estate Institute of Australia (REIA) has again called for a re-working of the current national licensing model which has been proposed for the real estate profession.
REIA President Peter Bushby says, “For miniscule financial benefit to the states/territories, the current model, if passed, will negatively impact consumers and those working in real estate. The process has been flawed from the start.”
11 November 2013
23 October 2013
The September 2013 quarter Consumer Price Index (CPI) figures show that the Reserve Bank of Australia’s (RBA) consumer price measures of inflation continue to be stable and are well within their target zone.
Real Estate Institute of Australia (REIA) President, Mr Peter Bushby, says the Reserve Bank should maintain the current level of interest rates.