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| 24 August 2010 |
REIA keeps an eye on lenders on behalf of consumers
Real Estate Institute of Australia (REIA) President, Mr David Airey has urged banks and other home loan lenders not to take advantage of the current political situation and increase interest rates above movements in the Reserve Bank cash rate.
“Without a clear outlook on who will govern Australia, the major lenders need to be responsible and make sure they do not take advantage of the political vacuum and raise margins simply because they can get away with it,” he said.
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| 19 August 2010 |
REIA welcomes Coalition’s “Plan for Real Action on Housing”
The Real Estate Institute of Australia (REIA) President, Mr David Airey today welcomed the release of the Coalition’s “Plan for Real Action on Housing”.
Mr Airey said the REIA had written to all major political parties including the Leader of the Opposition, The Hon. Tony Abbott MP requesting the development of a specific housing policy in the lead up to Saturday’s election.
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| 13 August 2010 |
REIA: Housing policy crucial
Real Estate Institute of Australia (REIA) President, Mr David Airey has called on all major political parties to take action regarding housing in the lead-up to the Federal Election.
“Neither the ALP nor the Liberal/National Coalition have developed a specific housing policy in their election campaigns, something that I find quite incomprehensible given that housing is a crucial part of our economy and is currently facing major challenges”, he said.
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| 11 August 2010 |
Government has the right objective but the wrong measure
Real Estate Institute of Australia (REIA) President, Mr David Airey said today’s announcement by the Government to provide cash incentives for workers to relocate is a creditable objective but the wrong measure.
“The appropriate measure is the removal of state based property taxes, such as conveyancing duties”, he said.
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| 09 August 2010 |
Downhill for housing finance
Australian Bureau of Statistics (ABS) Housing Finance figures for June show, in trend terms, the number of commitments for owner occupied homes fell 0.8 per cent, compared to the previous month. In seasonally adjusted terms, the number of commitments decreased 3.9 per cent.
“Except for the purchase of new dwellings, the decreases in lending were across established and construction of new dwellings and across all states and territories, expect Tasmania”, said Real Estate Institute of Australia (REIA) President, Mr David Airey.
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| 09 August 2010 |
REIA applauds bi-partisan support for negative gearing
The Real Estate Institute of Australia (REIA) has applauded both the Government and the Opposition for ruling out the abolition of negative gearing for the purpose of property investment at today’s debate at the National Press Club, Canberra.
“This is fantastic news for renters, affordable housing and real estate investors,” said REIA President, Mr David Airey.
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| 06 August 2010 |
REIA calls for Government to monitor HAF and NRAS
Real Estate Institute of Australia (REIA) President, Mr David Airey has called on the incoming Government to act on REIA’s recommendation to observe the effects of the Housing Affordability Fund (HAF) and the National Rental Affordability Scheme (NRAS) on housing supply and to conduct a review which considers additional measures to bridge the demand - supply imbalance.
“A factor that contributes to increases in house prices and the decline in housing affordability is the under supply of housing. Supply has been unable to keep pace with demand due to constraints on land availability, lengthy planning delays, skill shortages and lower yields, stemming from the increased cost of entering the property investment market,” he said.
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| 03 August 2010 |
Good news on rates
The Real Estate Institute of Australia (REIA) has welcomed no change to interest rates with the President highlighting it was a much needed outcome.
“With the current state of the housing market continuing to slow, increasing interest rates would have been devastating for home buyers and would have further impacted on the strength of the housing market,” said REIA President, Mr David Airey.
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| 29 July 2010 |
REIA calls for action from Government on proposal for a national property taxation framework
Real Estate Institute of Australia (REIA) President, Mr David Airey has called on the incoming Government to act on REIA’s recommendation for a national property taxation reform.
“REIA wants to see some real action and a commitment to ongoing consultation with stakeholders on inefficient state property taxes raised in the Henry Review. There needs to be a commitment towards abolishing taxes like stamp duty as well as guarantees for the retention of negative gearing and for no capital gains tax (CGT) on the family home or for increased capital gains tax on property investments”, he said.
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| 28 July 2010 |
Continued restraint needed on interest rates
The June 2010 quarter Consumer Price Index (CPI) for the housing group, increased 0.6 per cent – the same increase as the all groups. These figures increased 5.8 per cent and 3.1 per cent over the twelve month period respectively. The housing group is down from the 1.5 per cent level of the previous quarter.
President of the Real Estate Institute of Australia (REIA), Mr David Airey said, “The June figures indicated a housing sector in which demand is well down.”
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