Yesterday’s statement from the REIA’s president Adrian Kelly regarding the conduct of auctions and open houses by real estate agents, was followed by the Prime Ministers statement to cancel the conduct of public auctions and open houses after last night’s cabinet meeting. “I acknowledge the Prime Minister’s decision as it was what we were calling […]
On Sunday night, the Prime Minister made it very clear that all Australians should immediately cease unnecessary travel and cease all unnecessary social interaction in order to limit the spread of the Coronavirus. With this in mind, the Real Estate Institute of Australia is now calling on all real estate agents across Australia to make […]
The REIA National Awards for Excellence, that were recently postponed, have now been cancelled completely for 2020. President Adrian Kelly said considering all the unknown factors of the Coronavirus pandemic, it was the wisest course of action to take.
The real estate industry across Australia is extremely concerned for the welfare of our tenants who reside in rental properties managed by the real estate industry. Across Australia there are over three million rental properties housing approximately eight million people. We know that many of our tenants are employed in sectors that are likely to […]
I have been asked by a number of our industry members if REIA intends to make a statement or provide direction in regards to Corona Virus. I don’t intend to make any comment about what precautions you, your employees and your families should take. The best advice to follow is that being provided by local, […]
In the December quarter 2019, the weighted average capital city median price for both houses and other dwellings increased in the Australian residential property market. REIA President Adrian Kelly said REIA Real Estate Market Facts for the December 2019 quarter show weighted average median prices increased by 4% for houses and by 3% for other […]
As interest rates continue to shrink on home loans, the ability for people to buy their own home also reduces. According to the REIA Housing Affordability Report for the December 2019 quarter, affordability has declined another two per cent. In practical terms this means the proportion of income required to meet loan repayments has increased […]
After five years of taking up the reigns as CEO and twelve years in total at the Real Estate Institute of Australia, it has come time to farewell Jock Kreitals. President, Adrian Kelly said he has been very appreciative of Jock’s contribution over the past decade and thankful for the excellent shape that he is […]
REIA News – February 2020. Feature article: Meet the Finalists of the 2020 REIA National Awards for Excellence. Also, in this issue: Surge in real estate climate change consciousness. Disaster recovery steps for owners of investment properties. Australian Women’s Leadership Symposia.
The value of loans for housing continues to be positive with the increase being driven by owner occupiers, according to the Real Estate Institute of Australia (REIA). These figures were revealed by the December 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics. “Overall the figures for December 2019 […]
