Latest News

2016 National Awards for Excellence Winners

March 10th, 2016

The REIA 2016 National Awards for Excellence co-hosted by the Real Estate Institute of Victoria were announced last night at Crown Melbourne. The awards recognise the real estate industry’s top performers and are designed to encourage, recognise and promote excellence and best practice in the profession. See winners HERE.

Median house price falls for the first time in three years

March 10th, 2016

After thirteen consecutive quarters of growth, the weighted average median house price for the eight Australian capital cities decreased in the last quarter of 2015. Australia’s housing market recorded the first decrease since the December quarter of 2012, according to the latest REIA Real Estate Market Facts publication. The REIA President Neville Sanders says, “The […]

Labor's plan won't achieve stated goals

February 15th, 2016

Yesterday’s announcement by the Opposition that it intends to limit negative gearing to newly constructed investment properties will not achieve the claimed objectives of improving both the supply of housing and housing affordability according to the Real Estate Institute of Australia (REIA). “The policy is built on the popular perception of the declining amount of […]

Time to review macro prudential measures

February 12th, 2016

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show a continued increase in owner occupier lending and a decline in investor activity. The Real Estate Institute of Australia (REIA) says the figures for December 2016 show, in trend terms that the number of owner-occupied finance commitments increased by 1.1 […]

REIA CALLS FOR ACTION ON AFFORDABLE HOUSING AND STAMP DUTY IN BUDGET

February 10th, 2016

REIA’s Pre Budget Submission to Government focuses on housing affordability and taxation as it relates to property. The Submission notes that as Australia’s economy transitions from resource investment growth to other drivers of growth and economic activity, dwelling investment has been a significant contributor to Australia’s economic growth. Providing a stimulus to economic activity outside […]

Good news for home buyers and renters in CPI

January 27th, 2016

According to the Real Estate Institute of Australia, the December 2015 quarter CPI figures confirm the RBA Board’s assessment that inflationary pressures are well contained and are likely to remain within the RBA’s target over the next one to two years. REIA President, Neville Sanders, says “this means that we can expect a sustained period […]

Lending figures confirm a continuing increase in owner occupier activity

January 15th, 2016

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show a continued increase in owner occupier lending and a decline in investor activity. The Real Estate Institute of Australia (REIA) says the figures for November 2015 show, in trend terms that the number of owner-occupied finance commitments increased by 0.8 […]

REIA News December edition

December 16th, 2015

The December issue of REIA News is our final newsletter for the year! Along with our regular industry and political updates, we review the year and provide snapshots of housing affordability and real estate market facts for the September quarter. CLICK HERE

Media release: Lending figures point to a continuing increase in owner occupier activity

December 9th, 2015

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show a continued increase in owner occupier lending. The Real Estate Institute of Australia (REIA) says the figures for October 2015 show, in trend terms that the number of owner-occupied finance commitments increased by 0.8 per cent. This increase is the […]

Media Release: Growth in median prices slowing

December 9th, 2015

The Real Estate Institute of Australia (REIA) says that Australia’s housing market continued its growth in the third quarter of 2015, according to the latest REIA Real Estate Market Facts publication, however the rate of growth was slower than in the previous quarter. The REIA President Neville Sanders says, “The weighted average, capital city median […]