Latest News

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 […]

FIRST HOME BUYERS DOMINATE AUSTRALIA’S PROPERTY MARKET FOR THE FIRST TIME IN A DECADE

December 2nd, 2020

Australia has recorded a ten-year high for first homes buyers in the last quarter, according to the latest REIA’s “The Housing Affordability Report (HAR)”. The report revealed a ten-year high for first home ownership and an overall improvement in housing affordability across Australia. REIA President, Mr Adrian Kelly, said that a combination of factors meant […]

REIA News - November 2020

November 27th, 2020

REIA News – November 2020. In this issue: Doom and gloom forecasts continue to be defied for Australian residential property. REIA President on mortgage deferral resumptions on Property TV. What the Royal Commission into Natural Disaster Arrangements means for Aussie real estate. To read more CLICK HERE

REIA SEEKS NEW FOREIGN INVESTMENT FEE STRUCTURE FOR RESIDENTIAL PROPERTY SECTOR

November 19th, 2020

The Real Estate Institute of Australia (REIA) has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020. REIA President Adrian Kelly has said that fees should be structured to reflect the cost of undertaking the assessment and administration by the Australian Government, instead of imposing […]

REDUCTION IN LOAN DEFERRALS DEFIES DOOM AND GLOOM FORECAST: REIA

November 18th, 2020

New figures from the Australian Banking Association showing that the number of deferred loans has fallen below 300,000 is positive news for property markets, according to the Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said that the data signalled a reduction of nearly 70 per cent from the peak of the pandemic, […]

NSW BUDGET SHOWS IT IS TIME TO GET SERIOUS ABOUT STAMP DUTY: REIA

November 17th, 2020

The Real Estate Institute of Australia (REIA) has today called for a coordinated approach to stamp duty reform as the Australian economy emerges from its CV-19 induced slump. REIA President, Mr Adrian Kelly, said that Australian property customers in owner-occupier categories were now paying on average 4 per cent of their entire value of the […]

RBA IMPROVES HOUSING AFFORDABILITY IF BANKS PASS ON CUT

November 3rd, 2020

The RBA’s decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability provided banks pass on the cut, according to the Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said if the full 0.15 percentage point decrease was passed on to mortgage rates, housing […]

SEPTEMBER HOUSING FINANCE REFLECTS IMPROVING HOUSING SENTIMENT

November 2nd, 2020

The September 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 fourth second consecutive month, according to the Real Estate Institute of Australia (REIA). “The seasonally adjusted value of new loan commitments for owner-occupied housing rose […]

REIA News - October 2020

October 30th, 2020

REIA News – October 2020. In this issue: Budget 2020 and what it means for the property market. Mortgage repayments have resumed. National Cabinet commits to reopening by Christmas, without WA.   To read more CLICK HERE

RENTS RECORD FIRST ANNUAL FALL

October 28th, 2020

The September 2020 quarter CPI figures show the impact that the COVID pandemic is having on the rental market, according to the Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the All Groups CPI rebounded with a 1.6 per cent increase in the September 2020 quarter following the largest fall in its […]