The REIA Story
Since 1924, REIA has worked to represent Australia’s real estate professionals on a wide range of important issues affecting Australia’s property market.
The Australian real estate professional is fundamental to Australia’s economy and the way Australian’s live.
Agency businesses represent 46,793 Australian businesses
99 percent of real estate agencies are small businesses
Agencies employ 130,000 Australians
In the past five years agents have facilitated on average around 500,000 sales each year
Agents help 6.9 million Australians into new homes/ rentals each year
Sales amount to nearly $360 billion per annum
There are some 2.7 million rental properties in Australia with around 80% of properties are managed by agents
Rent collected by agents is around $49 billion per annum
The Australian property industry is worth $300 billion to the Australian economy as a measure of GDP
Our headquarters are located in Canberra at Real Estate House, an iconic ACT building, designed by renowned architect Enrico Taglietti.
Our history
The Institute was established in 1923 to:
- Bring about a uniform legislation for the real estate practice across Australia
- Coordinate training and educational facilities for real estate professionals to advance the industry
- Represent the interests of the sector and the interchange of rights and privileges between members in different states
