The April 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the value of loans for housing fell by 5.0 per cent in seasonally adjusted terms with the decrease being driven by owner occupiers purchase of existing dwellings, according to the Real Estate Institute of Australia (REIA). “The […]
The latest edition of Real Estate Market Facts, published by the REIA, shows an increase in house prices. “During the March quarter 2020, the weighted average median price for houses for the eight capital cities increased to $786,923, with Sydney, Melbourne, Hobart and Darwin all having increases,” said Mr Adrian Kelly, president, REIA.
The Real Estate Institute of Australia has welcomed the Government’s announcement of the ‘HomeBuilder’ package to support the residential building sector by providing assistance to owner occupiers to build new homes and renovate existing ones. “The REIA believes that the Federal Government’s announcement of the HomeBuilder scheme today will be a massive boost to the […]
The REIA Housing Affordability Report is out for the March quarter and shows a marginal improvement across the country to housing affordability. The proportion of income required to meet loan repayments decreased by 0.1 percentage points to 34.7% over the quarter, according to the report. In his introduction to the report REIA president, Adrian Kelly […]
The Real Estate Institute of Australia expressed caution over the Prime Minister’s announcement, the Treasurer and the Minister for Housing are working on a plan to support the residential building sector. “New home building at record levels has been a crucial support to economic growth over the previous three years. It stands to reason that […]
The REIA says that forecasts of housing price drops of as much as 30% are highly questionable and cannot be relied upon with any degree of confidence. “We are in unprecedented times and anyone that suggests they can forecast with any acceptable degree of probability is being highly fanciful,” said Mr Adrian Kelly, President of […]
REIA News – May 2020 In this issue: Landlord Insurer provides COVID-19 clarity. Temporary change to FIRB requirements. Tax tips for rental property owners affected by COVID-19.
The March 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the value of loans for housing continued to increase, albeit at a slower rate, with the increase being driven by owner occupiers, according to the Real Estate Institute of Australia (REIA). “Overall the figures for March 2020 […]
President of the Real Estate Institute of Australia, Adrian Kelly has backed the Federal Government’s new COVID-19 tracing app. “Our entire industry has been impacted by the virus and we must all pull together during these final stages to do everything we can to ensure its containment,” said Mr Kelly.
REIA News – March – April 2020. Feature article: Winners of the 2020 REIA National Awards for Excellence. In this issue: Landlord and tenant responsibilities. Closing the super gender gap for women in real estate. Working remotely.
