Media Releases 2013

For media assistance, please contact REIA secretariat on 02 6282 4277 or at [email protected]

  • Date of Release

    Title

  • 21 October 2013
  • 21 October 2013

    Is Nola Wasting Taxpayer’s Money?

    The Real Estate Institute of Australia (REIA) is greatly concerned at the way the National Occupation Licensing Authority (NOLA) is spending its taxpayer funding. NOLA is conducting a round of interstate visits which appear to be both unnecessary and beyond the role the Authority should have.

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  • 14 October 2013

    First Home Buyers Hit Nine Year Low

    The Real Estate Institute of Australia (REIA) says the latest housing finance figures released by the Australian Bureau of Statistics (ABS) show that total lending for housing continues to grow steadily in response to interest rate cuts and the positive housing outlook, but that the rate of increase is slowing down.

    Housing finance figures for August 2013 show, in trend terms, that the number of owner-occupied finance commitments rose by 0.6 per cent – following increases of 1.0 per cent in July and 1.5 per cent in June. This was the lowest monthly increase, in trend terms, since January.

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  • 01 October 2013

    Holding Interest Rates the Right Decision

    The Real Estate Institute of Australia (REIA) has welcomed the Reserve Bank of Australia’s (RBA) hold on official interest rates with the CEO, Amanda Lynch, highlighting the importance of the low cash rate to home buyers.

    “The RBA Board has made a considered and accurate assessment of the property market and we are pleased that media speculation about a housing bubble has been dampened at today’s meeting.”

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  • 26 September 2013
  • 18 September 2013
  • 11 September 2013
  • 09 September 2013

    First Home Buyers Need Encouragement

    The Real Estate Institute of Australia (REIA) says the latest housing finance figures released by the Australian Bureau of Statistics (ABS) show that total lending for housing continues to grow steadily in response to interest rate cuts and the positive housing outlook, but that first home buyers are missing out.

    Housing finance figures for July 2013 show, in trend terms, that the number of owner-occupied finance commitments rose by 1.6 per cent – following increases of 2.1 per cent in June and 2.4 per cent in May.

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  • 04 September 2013

    NZ Model Best When It Comes to First Home Buyers

    The Real Estate Institute of Australia (REIA), says the Government should look to New Zealand’s Kiwisaver scheme if it wants to see how to improve Australia’s declining home ownership.

    The New Zealand Government is encouraging young Kiwis to contribute to voluntary superannuation via the Kiwisaver scheme, by allowing access to their resources to assist in buying a home.

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  • 04 September 2013

    Affordability Continues to Improve With Interest Rate Cuts

    The latest Adelaide Bank/REIA Housing Affordability Report shows that housing affordability has now been improving for the past two years, with the proportion of income required to meet repayments at 28.7% – its lowest in a decade.

    Real Estate Institute of Australia President, Peter Bushby says, “With the exception of the Northern Territory, all states and territories recorded improvements over the quarter, the largest in Queensland where the proportion of income required in order to meet loan repayments dropped by 1.9 percentage points to 26%.”

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