Media Releases 2012
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Date of Release
14 December 2012
REIA calls on the Standing Council on Federal Financial Relations to advise COAG to jettison real estate into the second tranche of national licensing reform with the other property professions.
“Agents across Australia will be looking to the Treasurers to show leadership on this matter when they meet on Monday,” said Real Estate Institute of Australia (REIA) President, Mr Peter Bushby.
12 December 2012
The capital city weighted average median price decreased by 0.6% for houses and by 1.2% for other dwellings over the September quarter, according to the Bendigo Bank/REIA Real Estate Market Facts publication.
Real Estate Institute of Australia (REIA) President, Mr Peter Bushby says “The weighted average median house price for the eight capital cities is now $515,669.”
10 December 2012
Tasmanian Peter Bushby has been elected as the new President of the Real Estate Institute of Australia (REIA).
Mr Bushby takes over from Pamela Bennett, who has held the role for the past 18 months.
10 December 2012
Real Estate Institute of Australia (REIA) President, Mr Peter Bushby says the housing figures released today by the Australian Bureau of Statistics (ABS) show there’s been a modest response to the interest rate cuts of May, June and October.
Housing finance figures for October 2012 show, in trend terms, that the number of finance commitments has increased by a very modest 0.6 per cent, following similar increases in September and August.
05 December 2012
The Real Estate Institute of Australia (REIA) says the September quarter of 2012 recorded a minor improvement in housing affordability.
REIA President Ms Pamela Bennett says, “The proportion of income required to meet loan repayments decreased slightly, just 0.1 percentage points to 31.8%. Housing affordability has been improving very gradually for five consecutive quarters.”
05 December 2012
The Real Estate Institute of Australia wants best practice, not a lowering of standards for the profession as is proposed by the Consultation Regulation Impact Statement and has called on the Council of Australian Governments (COAG) to move real estate to the second tranche of national occupational licensing reforms, so these concerns can be addressed.
04 December 2012
The Real Estate Institute of Australia (REIA) says today’s announcement by the Reserve Bank of Australia (RBA) to cut official interest rates by 0.25 percentage points to 3% is a great boost for home owners and potential buyers.
REIA President Ms Pamela Bennett says, “What we want to see now are the banks passing on the cut in full and giving housing affordability a real shot in the arm.”
28 November 2012
The Real Estate Institute of Australia (REIA) says Continued Professional Development (CPD) should be mandatory for all real estate professionals.
Under COAG’s proposed national licensing model, CPD would no longer be guaranteed for real estate agents. Currently half the States and Territories have mandatory CPD.
22 November 2012
The Real Estate Institute of Australia (REIA) says consumers will suffer if COAG’s proposed changes to qualifications for Auctioneers under National Licensing, is allowed to go ahead.
REIA President Ms Pamela Bennett says, “Auctioneers don’t just call the numbers at the front of an auction. They’re not ‘trained actors’. They play a significant role in the sale of a property.”
20 November 2012
The Real Estate Institute of Australia (REIA) says that contrary to recent reports, the National Licensing debate is not resolved.
REIA President Ms Pamela Bennett says, “There are a number of areas still to be negotiated and REIA will not be pushed into a lowering of standards that will have a negative affect on Australian consumers. Full stop.”