Media Releases 2017

  • Date of Release

    Title

  • 17 August 2017

    Australasia’s best auctioneers vie for ultimate gavel

    Adelaide will be the venue for the 2017 Australasian Auctioneering Championships from 6-7 September 2017, hosted by the Real Estate Institute of South Australia.

    The annual competition showcases Australia and New Zealand’s best auctioneers who are ready to take up the challenge with a frenzy of calling, bidding and selling.

    “The Australasian Auctioneering Championships is an annual event conducted jointly by the Real Estate Institute of Australia (REIA) and the Real Estate Institute of New Zealand (REINZ) representing the most skilled auctioneers that Australia and New Zealand have to offer,” Malcolm Gunning, President of the Real Estate Institute of Australia said.

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  • 09 August 2017

    First Home Buyers Returning to Housing Market

    The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) show that first home buyers are returning to the market as finance approvals for investor housing trend downward, according to the Real Estate Institute of Australia (REIA).

    “The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA President Malcolm Gunning said.

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  • 26 July 2017

    Low CPI is good news for homebuyers and renters

    The June 2017 quarter CPI figures suggest the continuation of historically low interest rates for some time yet which is good news for homebuyers and renters, according to the Real Estate Institute of Australia (REIA).

    “The All Groups CPI, increased by 0.2 per cent in the June quarter giving an annual increase of 1.9 per cent. This is marginally lower than the annual increase to the March quarter of 2.1 per cent,” REIA President Malcolm Gunning said.

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  • 11 July 2017

    Investor housing finance on downward trend

    The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm finance approvals for investor housing are on a downward trend, according to the Real Estate Institute of Australia (REIA).

    “The value of investment housing commitments decreased by 1.5 per cent in May in trend terms. This follows a fall in the previous month and is well down from its 2015 peak”, REIA President Malcolm Gunning said.

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  • 19 June 2017

    Melbourne drives increases in national median house price: REIA

    The median house price across Australian capital cities has continued to increase with the weighted average median prices rising by 2.9 per cent for houses and 2.5 per cent for other dwellings, according to the latest research from the Real Estate Institute of Australia.

    REIA Real Estate Market Facts for the March quarter 2017 show the weighted average median price for houses for the eight capital cities increased
to $763,892.

    REIA President Malcolm Gunning said the median price was driven by increases in Melbourne and Sydney and, to a lesser extent, in Darwin.

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  • 09 June 2017

    Affordability increases, first home buyers out in the cold

    Housing affordability improved across all states and territories in the first quarter of 2017, however, the number of both first home buyers and loans decreased, according to the Real Estate Institute of Australia (REIA).

    The latest Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments decreased by 1.3 percentage points to 30.4 per cent.

    REIA President Malcolm Gunning said first home buyers now make up 13.4 per cent of total owner occupied housing. This rate has been dropping steadily over the past 5 years yet seems to have stabilised over the past 18 months.

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  • 09 June 2017

    Regulators Impacting on Investor Housing Finance

    The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm the actions by the regulators and banks to dampen investor demand for property is working, according to the Real Estate Institute of Australia (REIA).

    “The value of investment housing commitments decreased by 1.0 per cent in April in trend terms. This is down 2.3 per cent from a year ago, in seasonally adjuster terms, and is well down from its 2015 peak,” Mr Malcolm Gunning, President of the REIA said.

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  • 05 June 2017

    Foreign resident capital gains withholding tax too low: REIA

    The threshold for foreign resident capital gains tax withholding has been reduced to an unnecessarily low level and agents and conveyancers will be subject to additional red tape and costs for no valid reason, according to the Real Estate Institute of Australia (REIA).

    The initiative outlined in the 2017 Budget sees the threshold for foreign resident capital gains tax withholding reduced to $750,000 from the current $2 million from 1 July 2017.

    REIA President Malcolm Gunning said in REIA’s view the proposed threshold of $750,000 is unjustifiable.

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  • 01 June 2017

    Fed Govt should rethink deductibility of investment outgoings, travel: REIA

    The Federal Government should reconsider changes announced in the 2017 Budget to allowable deductions for investment property related to depreciation and travel to inspect property, according to the Real Estate Institute of Australia (REIA).

    “Whilst REIA supports the curbing of abuse of deductions, these two initiatives are contrary to the principles of a good tax system and the ATO has existing means for addressing abuses and excesses,” REIA President Malcolm Gunning said.

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  • 15 May 2017

    Investor housing finance moderating

    The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm that finance approvals for investor housing is moderating, according to the Real Estate Institute of Australia (REIA).

    “The value of investment housing commitments decreased by 0.3 per cent in March 2017 in trend terms. This is down from its 2015 peak,” Malcolm Gunning, REIA President said.

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