Latest News

Real Estate Industry Recognises Profession's Outstanding Performers

March 24th, 2017

The Real Estate Institute of Australia recognised the profession’s most outstanding performers at the 12th Annual REIA National Awards for Excellence last night at the Hyatt Hotel Canberra. REIA President Malcolm Gunning said more than 250 real estate professionals came together to celebrate winners across sixteen categories. “To be presented with an REIA National Award […]

First Homebuyers Access to Super not a Radical Idea

March 21st, 2017

Giving first homebuyers access to their own money in a superannuation fund should not be a controversial idea, according to the Real Estate Institute of Australia. “One of the biggest hurdles young people have in buying their first home is saving enough money for a deposit and the transaction costs. With rising house prices, the […]

Property prices reflect state economies: REIA

March 15th, 2017

The median house price across Australian capital cities has increased by 4.1 per cent for houses and 2.1 per cent for other dwellings, according to the latest research from the Real Estate Institute of Australia. The REIA Real Estate Market Facts for the December quarter 2016 saw the weighted average median house price for the […]

REIA Launches Course for Agents Providing Financial Advice

March 14th, 2017

The Real Estate Institute of Australia in partnership with the Institute of Public Accountants (IPA) has launched a new training course for real estate agents providing advice regarding property as an investment. REIA President Malcolm Gunning said the RG146 Advice in Real Estate Course designed by IPA and provided through Mentor Education will allow property […]

Real Estate's Night of Nights Comes to the Nation's Capital

March 9th, 2017

The Real Estate Institute of Australia (REIA) congratulates all the state and territory finalists vying for national awards honour when the real estate profession’s night of nights comes to Canberra later this month. “The REIA National Awards for Excellence 2017 will be held at the Hyatt Hotel Canberra on Thursday 23 March 2017 and will […]

Affordability declines despite historically low interest rates

March 8th, 2017

Housing affordability declined across all Australian states in the December quarter of 2016, with New South Wales remaining the least affordability state or territory for homebuyers, according to the Real Estate Institute of Australia. The latest Adelaide Bank/REIA Housing Affordability Report saw the proportion of income required to meet loan repayments rise to 30.4 per […]

Renters Forgotten Victims of Negative Gearing Reforms: REIA

March 6th, 2017

Changes to negative gearing policy would drive up rents and affect the most vulnerable people in the community, according to the Real Estate Institute of Australia. REIA President Malcolm Gunning said political gamesmanship has seen the plight of first homebuyers, low-income earners and other renters forgotten in the debate around reforms to negative gearing. “One […]

REIA News - February 2017

February 16th, 2017

Included in this issue: REIA calls for action on affordable housing & property taxation Finalists announced for the REIA National Awards for Excellence 2017 – book your tickets now Money laundering and real estate Real estate agents and the Tax Agent Services ACT 2009 (TASA) To access your copy CLICK HERE

REIA calls for action on affordable housing and property taxation

February 1st, 2017

REIA’s Pre Budget Submission to Government focuses on taxation as it relates to property and the need for a holistic approach and housing affordability including the need to address the rapid decline in the number of first home buyers. The Submission notes that dwelling investment supported by historically low interest rates has been a significant […]

REIA welcomes Government decision on change to FIRB rules

November 29th, 2016

Following industry representation the Government has announced changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement on it. Previously, the on-sale of an off-the-plan apartment was regarded as a second-hand sale, which was not open to foreign buyers who are […]