Latest News

CAUTION FOR BUILDING STIMULUS PACKAGE

May 29th, 2020

The Real Estate Institute of Australia expressed caution over the Prime Minister’s announcement, the Treasurer and the Minister for Housing are working on a plan to support the residential building sector. “New home building at record levels has been a crucial support to economic growth over the previous three years. It stands to reason that […]

DOOMSDAY HOUSING PRICE FORECASTS HIGHLY QUESTIONABLE

May 21st, 2020

The REIA says that forecasts of housing price drops of as much as 30% are highly questionable and cannot be relied upon with any degree of confidence. “We are in unprecedented times and anyone that suggests they can forecast with any acceptable degree of probability is being highly fanciful,” said Mr Adrian Kelly, President of […]

REIA News - May 2020

May 20th, 2020

REIA News – May 2020 In this issue: Landlord Insurer provides COVID-19 clarity. Temporary change to FIRB requirements. Tax tips for rental property owners affected by COVID-19.

March Housing Finance Numbers a High Tide Mark

May 6th, 2020

The March 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the value of loans for housing continued to increase, albeit at a slower rate, with the increase being driven by owner occupiers, according to the Real Estate Institute of Australia (REIA). “Overall the figures for March 2020 […]

REIA BACKS FEDERAL GOVERNMENT’S TRACING APP

April 22nd, 2020

President of the Real Estate Institute of Australia, Adrian Kelly has backed the Federal Government’s new COVID-19 tracing app. “Our entire industry has been impacted by the virus and we must all pull together during these final stages to do everything we can to ensure its containment,” said Mr Kelly.

REIA News - March - April 2020

April 9th, 2020

REIA News – March – April 2020.  Feature article:  Winners of the 2020 REIA National Awards for Excellence. In this issue: Landlord and tenant responsibilities. Closing the super gender gap for women in real estate. Working remotely.

STATES AND TERRITORIES TO ORGANISE RENTERS AND TENANTS

April 7th, 2020

REIA president Adrian Kelly said he understood the complexity the Federal Government has had, dealing with eight jurisdictions in the realm of residential real estate. “Nevertherless, I am disappointed that a uniform approach could not have been agreed to for all Australians,” said Mr Kelly

FAIR WORK COMMISSION ASKED TO VARY AWARD TO KEEP REAL ESTATE AGENTS EMPLOYED

April 6th, 2020

The REIA, on behalf of the state and territory Real Estate Institutes, has made a submission to the Fair Work Commission to vary the Real Estate Industry Award 2020 in response to the COVID-19 pandemic to keep as many real estate sales people employed as possible. “Currently the Award requires that an agent make at […]

REIA PRESIDENT SLAMS LABOR PARTY COMMENTS

April 3rd, 2020

REIA President Adrian Kelly has addressed the comments made by Opposition Leader Anthony Albanese and his concerns over the actions of some real estate agents. “Firstly, I agree that estate agents providing financial advice to tenants is clearly illegal and  the REIA  doesn’t condone it,” said Mr Kelly.

MORATORIUM ON RENTS IS NOT A FREE RIDE

April 1st, 2020

REIA president Adrian Kelly said he welcomed the Minister for Housing Michael Sukkar’s words which were a clarification on what a moratorium on evictions  means. “A moratorium on evictions doesn’t mean rent is not payable, it is.  If circumstances mean that payment in full is not possible it is a holding off from payments, not […]