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With the welcome news that an additional 70,000 new jobs were added to the economy in March and with unemployment now sitting at 5.6%, the May 2021 Budget is expected to focus on getting Australia back to a ‘new normal’ and looking beyond the pandemic. With the vaccination roll out now being addressed by bi-weekly […]
The February 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing fell after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA). “The seasonally adjusted value of new loan commitments for owner occupier housing […]
Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields have fallen to all-time lows. Real Estate Institute of Australia (REIA) President, Adrian Kelly said housing investors have been driven more by expected capital gains rather than rental yields. According to data from REIA, […]
REIA News – March 2021. Updated Mutual Recognition framework contains consumer risk exemption. In another deregulation agenda matter. REIA Research. To read CLICK HERE
Real Estate Institute of Australia (REIA) has welcomed the return to normality with the end of rental eviction moratoriums but with this has urged landlords and tenants to keep the lines of communication open. REIA President, Adrian Kelly said the rental eviction moratoriums in jurisdictions like Tasmania and Queensland have not been catastrophic but moving […]
REIA has called for more evidence to back claims that AMR will grow productivity and reduce red tape with the introduction of the Mutual Recognition Bill to the Lower House this week for Australian real estate agents. The Bill claims that: “PwC estimated that AMR could lead to additional economic activity of around $2.4 billion […]
The Real Estate Institute of Australia (REIA) is pleased to announce a unique new sponsorship agreement today in Adelaide with Australia’s #1 address in property, realestate.com.au. REIA President, Adrian Kelly said the affiliation of the two key industry leaders represents an exciting phase for both the REIA and realestate.com.au who will be utilising and expanding […]
Real Estate Institute of Australia’s latest report, Real Estate Market Facts found that in the December quarter 2020, the weighted average capital city median price for both houses and other dwellings increased in the Australian residential property market. REIA President, Adrian Kelly said the weighted average capital city median price increased by 6.0% for houses […]
Real Estate Institute of Australia’s (REIA) latest Housing Affordability Report (HAR) shows that housing affordability in Australia declined nationally in the December quarter 2020 although, overall it improved over the year by 0.7 percentage points. REIA President, Adrian Kelly said that the decline in affordability is largely attributable to higher house prices and larger loans.
The January 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the eighth consecutive month and reached another record high, according to the Real Estate Institute of Australia (REIA). “The seasonally adjusted value of new loan commitments […]