In welcoming the report by the Senate Economics Reference Committee Economics Committee Affordable Housing Report, the Real Estate Institute of Australia (REIA) said it is time for a comprehensive approach to tackle declining affordability in particular for first home buyers who are at historical lows in the market.
The Real Estate Institute of Australia (REIA) has welcomed today’s Reserve Bank of Australia’s (RBA) second rate cut for this year, which has dropped the official interest rate to a new record low since the late 1950s.
The Commonwealth Government is taking action to strengthen the integrity of the foreign investment framework. Foreign investment is integral to Australia’s economy and we welcome all investment that is not contrary to our national interest.
According to the Real Estate Institute of Australia, the March 2015 quarter CPI figures reinforce the RBA’s underlying measures which signpost stable inflation.
The Real Estate Institute of Australia (REIA) says the figures for February 2015 show, in trend terms, that the number of owner-occupied finance commitments rose by 0.2 per cent. This increase follows five consecutive months of increases of 0.3 per cent per month. If refinancing is excluded, in trend terms for February, the number of owner-occupied finance commitments fell by 0.2 per cent.
The Real Estate Institute of Australia (REIA) welcomes recommendations in the Harper Review Final report that highlight the need for the Productivity Commission to undertake an overarching review of intellectual property. REIA President, Neville Sanders said, “The recommendation follows REIA’s strong support in our response to the draft report in which we highlighted how intellectual property can be dominated by large corporations in a bid to stifle competition and specifically website domain names.”
The Real Estate Institute of Australia (REIA) has welcomed today’s release of the Government’s Taxation Discussion Paper as it signals the start of the long awaited and much needed debate on taxation reform. REIA President, Neville Sanders said “We are pleased that the paper is comprehensive and puts GST on the table. Debate around GST is vital as it is the second largest source of Government revenue after income tax and to have excluded it would have constrained the debate as well as the possible solutions. ”
Brisbane-based property market analyst and buyer’s agent, Simon Pressley, has received one of the most prestigious real estate awards in Australia having been inducted into the Real Estate Institute of Australia’s (REIA) Hall of Fame. Mr Pressley, Managing Director of Propertyology, received the highly acclaimed accolade after winning the national award for Buyer’s Agent of the Year for three consecutive years - 2012, 2013 and 2014. Mr Pressley now joins a very elite but small group of real estate professionals who hold the honour.
The Real Estate Institute of Australia (REIA)’s National Awards for Excellence soared to new heights last night with 16 winners selected from a highly competitive pool of 116 finalists.
The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) reflect flat lending activity for housing.
