Latest News

RENTAL EVICTION MORATORIUMS SHOULD BE REVISITED BY NATIONAL CABINET

January 22nd, 2021

Real Estate Institute of Australia (REIA) President, Adrian Kelly has said with rental evictions ending in some states and unemployment at 6.6% it is time for all the Covid-19 rental eviction moratoriums to be removed so that some normality for both tenants and property owners can resume in 2021. Mr Kelly said that National Cabinet agreed […]

HOUSING CONTINUES ITS RECORD RUN

January 15th, 2021

The November 2020 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 sixth consecutive month and reached a record high, according to the Real Estate Institute of Australia (REIA). REIA President, Adrian Kelly said the seasonally adjusted […]

HOUSING MARKET READY TO BE PUT TO THE TEST IN 2021

January 12th, 2021

Australia’s housing market recorded respectable growth over 2020 and with limited stock and strong demand, 2021 should see further price increases, REIA President Adrian Kelly said. Mr Kelly said the winding back of Jobkeeper and Jobseeker may see temporary issues for tenants in some capital cities but the trend to relocate to the regional areas […]

OCCUPATIONAL MOBILITY MUST SERVE PROPERTY CUSTOMERS: REIA SAYS

December 18th, 2020

REIA has called on the Australian Government to remove real estate agents from the proposed Automatic Mutual Recognition (AMR) Occupational Mobility Project, a policy objective intended for tradespeople. REIA President, Adrian Kelly, said the opening of consultation on Occupational Mobility, has raised critical concerns about the inclusion of real estate agents adding that concerns had […]

REIA News - December 2020

December 18th, 2020

REIA News – December 2020. In this issue: REIA President Adrian Kelly (View Real Estate) and Deputy President Hayden Groves (dethridgeGROVES) re-elected for 2021. JobMaker Hiring Credit, new JobKeeper deadlines and must-do drone registration. REIA’s Housing Affordability Report and Real Estate Market Facts released. To read more CLICK HERE

MYEFO POINTS TO GAINS FOR THE PROPERTY MARKET PROMPTED BY QUICKER ECONOMIC RECOVERY

December 17th, 2020

The Real Estate Institute of Australia (REIA) says the Mid Year Economic Forecast Outlook (MYEFO) released today is positive news for both the economy and the property sector. REIA President, Adrian Kelly said the $16bn improvement in the forecast deficit is largely due to fewer people needing the JobKeeper wage subsidy and reflects a better-than-expected […]

REIA WELCOMES STATE OF THE NATION’S HOUSING REPORT

December 15th, 2020

The Real Estate Institute of Australia (REIA) has welcomed the National Housing Finance and Investment Corporation’s (NHFIC) first State of the Nation’s Housing Report. REIA President, Mr Adrian Kelly said this is the first assessment of housing demand and supply across Australia since the National Housing Supply Council (NHSC) was abolished at the end of […]

RE-ELECTED REIA PRESIDENT, ADRIAN KELLY SAYS MEMBERS ARE REPORTING STRONG RECOVERY AFTER CHALLENGING YEAR

December 11th, 2020

REIAs AGM sees President, Adrian Kelly and Deputy-President, Hayden Groves re-elected after providing strong leadership in a challenging year. In addressing the AGM, Mr Kelly said although it’s been a difficult year, property values have largely held in all regions and in fact in most regional parts of Australia, property values are on the rise. […]

AUSTRALIA’S HOUSING MARKET PROVES RESILIENT OVER 2020 WITH PRICE RISES IN MOST STATES

December 9th, 2020

Australia’s weighted average capital city median price for both houses and other dwellings has increased over the September 2020 quarter, the latest Real Estate Market Facts report by REIA has found. REIA President, Mr Adrian Kelly said over the September quarter, the weighted average capital city median price increased by 0.4% for houses and by […]

VALUE OF HOME LOANS HIT PRE-GFC HIGH DESPITE COVID-19

December 3rd, 2020

The ABS October Lending and Business Figures have today revealed the value of new loan commitments for housing grew for the fifth consecutive month and the value of owner occupier home loan commitments have reached record highs. Real Estate Institute of Australia (REIA) President, Adrian Kelly said the sustained recovery in lending is encouraging and […]