Media Releases 2013
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Date of Release
04 September 2013
Australia’s fight for higher standards in the real estate profession is in the spotlight at the International Federation of Real Estate (FIABCI) Asia Pacific Real Estate Congress (APREC), currently on in Singapore. The theme of the Congress is Globalisation of Asia Pacific Real Estate – Challenges and Opportunities.
FIABCI World President Elect for 2014-15, Robyn Waters will highlight the issues Australia is facing when she addresses the Congress on the regulatory framework for estate agency practice in Australia.
03 September 2013
The Real Estate Institute of Australia (REIA) says that the decision made by the Reserve Bank of Australia (RBA) to keep official interest rate on hold days before the election was the right one.
REIA President Peter Bushby says, “In recent years, lower borrowing costs have been a major driver of improving housing affordability and have helped many Australians with their mortgages.”
29 August 2013
Property taxes such as stamp duty are inefficient and should be abolished, says the Real Estate Institute of Australia (REIA).
REIA President Peter Bushby says, “The next Government needs to make the tough decisions. Action, not rhetoric, is what’s needed now.”
“Stamp duties on property transfers are not only inefficient but they are costly to manage, reduce national competitiveness and productivity and are unequally and unfairly applied.”
21 August 2013
The Real Estate Institute of Australia (REIA) says that small investors are an untapped resource when it comes to Australians in social housing making the transition to the private rental market.
REIA President, Mr Peter Bushby says, “Social housing is financially unsustainable for government with demand exceeding supply by as much as 30%.”
15 August 2013
15 August 2013
The Real Estate Institute of Australia (REIA) says difficulty accessing finance by small businesses has been questioned continuously, yet there is still little recourse or genuine feedback for those affected. REIA President Peter Bushby says,” This is not an issue that is going to go away.”
08 August 2013
The Real Estate Institute of Australia (REIA) says the major parties need to reveal their housing policies as part of the Federal election campaign and show how they are going to address affordability and supply challenges. REIA President, Peter Bushby says the great Australian dream of owning your own home is now out of reach for many.
07 August 2013
The Real Estate Institute of Australia (REIA) says the latest housing finance figures released by the Australian Bureau of Statistics (ABS) show that whilst total lending for housing is growing in response to interest rate cuts and the positive housing outlook, first home buyers are not responding. Housing finance figures for June 2013 show, in trend terms, that the number of owner-occupied finance commitments rose by 1.9 per cent – following increases of 2.3 per cent in April and 2.2 per cent in May.
06 August 2013
The Real Estate Institute of Australia (REIA) says the Reserve Bank of Australia (RBA) has provided homeowners with mortgage relief by cutting the official interest rate by .25 percentage points to a historic low of 2.5 per cent. The RBA has slashed official rates by a total of 2.25 per cent since this cutting cycle began in November 2011.
01 August 2013
The Real Estate Institute of Australia (REIA) says the National Occupational Licensing Authority (NOLA) has it wrong when it comes to Compulsory Professional Development (CPD) in the real estate profession. The Decision Regulation Impact Statement, currently released for discussion, recommends that CPD should not be mandated. REIA President Peter Bushby says “The benefits of mandatory CPD are real and documented and NOLA claiming the contrary is a continuation of the misinformation being peddled and the aggressive advocacy for national licensing.”