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Australia’s housing market proves resilient over 2020 with price rises in most states

MEDIA RELEASE: Australia’s weighted average capital city median price for both houses and other dwellings has increased over the September 2020 quarter, the latest Real Estate Market Facts report by REIA has found.

09/12/2020

9/12/2020 12:00:00 AM10/12/2020 12:20:53 PM

First home buyers dominate Australia’s property market for the first time in a decade

MEDIA RELEASE: Australia has recorded a ten-year high for first homes buyers in the last quarter, according to the latest REIA’s “The Housing Affordability Report (HAR)”.

02/12/2020

2/12/2020 12:00:00 AM2/12/2020 2:00:24 PM

Pandemic makes moderate impact on property: June Real Estate Market Facts

MEDIA RELEASE: The Real Estate Market Facts quarterly report has shown an impact on prices from the COVID-19 pandemic, but it has not been as dramatic as some have predicted.

14/09/2020

14/09/2020 12:00:00 AM14/09/2020 2:41:05 PM

Best rental affordability results since 2007: REIA

MEDIA RELEASE: The REIA Housing Affordability Report has been released and shows housing affordability has improved slightly across the country in the June quarter.

03/09/2020

3/09/2020 12:00:00 AM3/09/2020 9:10:12 AM

REIA reports - June Housing Finance Follows COVID Rollercoaster

MEDIA RELEASE: Following the historic fall in the value of loans in May, the June 2020 Lending to Households and Business figures released today by the Australian Bureau of Statistics, show the value of new loan commitments for housing has rebounded.

05/08/2020

5/08/2020 12:00:00 AM11/11/2020 2:01:28 PM

Housing finance numbers on slippery slope, says REIA

MEDIA RELEASE: REIA President says decline in housing finance is a reflection of the slowing market, Royal Commission into Banking and APRA restrictions.

26/06/2020

26/06/2020 9:49:07 PM4/08/2020 11:43:15 AM

Farewell to Jock Kreitals, CEO, REIA

After five years of taking up the reins as CEO and twelve years in total at the Real Estate Institute of Australia, it has come time to farewell Jock Kreitals.

04/03/2020

4/03/2020 12:00:00 AM12/02/2021 1:28:01 PM

Justin Nickerson wins auctioneering silverware for third time

MEDIA RELEASE: Congratulations goes to Justin Nickerson of Queensland who took out the title of the 2019 Australasian Real Estate Institutes’ Auctioneering Champion.

25/10/2019

25/10/2019 12:00:00 AM26/06/2020 9:40:24 PM

Housing finance numbers show cautious optimism

MEDIA RELEASE: REIA predicts strengthening market, citing slower rate of decline.

18/07/2019

18/07/2019 12:00:00 AM5/08/2020 8:40:08 AM

REIA says rate cut to help affordability for home buyers

MEDIA RELEASE: REIA says first home buyers are winners with new rate cut.

02/07/2019

2/07/2019 12:00:00 AM5/08/2020 8:44:17 AM

REIA President's message to members

MEDIA RELEASE: REIA President, Adrian Kelly, addresses the appointment of a Minister for Housing.

07/06/2019

7/06/2019 12:00:00 AM5/08/2020 8:36:45 AM

Rate cut will help affordability, says REIA

MEDIA RELEASE: First homebuyers to benefit most from RBA interest rate cut, says REIA.

04/06/2019

4/06/2019 12:00:00 AM5/08/2020 8:42:58 AM

REIA endorses First Home Buyer initiative

MEDIA RELEASE: REIA says direct assistance is always better than sweeping legislative changes.

13/05/2019

13/05/2019 12:00:00 AM5/08/2020 8:43:48 AM

NSW wins at REIA national awards

NSW takes out two categories at the REIA National Awards for Excellence gala dinner.

22/04/2019

22/04/2019 12:00:00 AM5/08/2020 8:41:59 AM

Real Estate Institute launches Federal Election campaign

MEDIA RELEASE: The Real Estate Institute of Australia (REIA) has launched a campaign to give its members and the property sector a voice.

12/04/2019

12/04/2019 12:00:00 AM5/08/2020 8:43:18 AM
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On alert! Cyber-crime on the rise

Social engineering fraud has increased in frequency and severity in recent years. Fraudsters have become especially sophisticated when targeting unsuspecting victims and the financial consequences of these crimes can be devastating.

25/02/2021

25/02/2021 12:00:00 AM25/02/2021 9:33:46 AM

Slow and steady: The commercial market to run its own race in 2021

It’s easy to see how COVID-19 has negatively impacted the commercial real estate space, but new data shows CBD workers are slowly, but surely, making their way back into the office.

24/02/2021

24/02/2021 12:00:00 AM24/02/2021 9:37:17 AM

Pre-meeting electronic voting for elections

Clause 14 of the Strata Schemes Management Regulation 2016 (NSW) should be amended to make it clear that pre-meeting electronic voting does not extend to elections.

23/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

23/02/2021 12:00:00 AM23/02/2021 9:20:22 AM

Combustible cladding: interest-free loans to speed up removal from NSW apartment buildings

Interest-free 10-year loans have been welcomed to fast-track the removal of high-risk combustible cladding from apartment buildings across NSW.

22/02/2021

22/02/2021 12:00:00 AM23/02/2021 2:42:02 PM

Quorum

The provisions regarding the quorum at a meeting need to be redrafted, so that it is clear, particularly in the case of small strata schemes, what happens if there’s not a quorum.

19/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

19/02/2021 12:00:00 AM19/02/2021 9:08:35 AM

How agents can help vendors

Not every `Sold’ sticker placed on a real estate signboard is accompanied by a smiling vendor jumping for joy. Divorce, debt and death are among the most challenging reasons for selling property and often super charged with emotion.

18/02/2021

18/02/2021 12:00:00 AM18/02/2021 10:04:20 AM

Items requiring statutory warranty

Further guidance needs to be provided regarding the need to include an item on the Annual General Meeting agenda to consider building defects and rectification where warranty periods under the Home Building Act 1989 (NSW) apply.

17/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

17/02/2021 12:00:00 AM19/02/2021 9:25:20 AM

Take charge of compliance

The 1 April 2021 implementation deadline for the Supervision Guidelines is looming. Here’s what you need to know to ensure compliance.

16/02/2021

16/02/2021 12:00:00 AM16/02/2021 10:01:11 AM

Record keeping

The legislation should be amended to allow for the better maintenance of strata records, including electronic storage and back-up, as well as a requirement to maintain an overall index of records.

15/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/02/2021 12:00:00 AM19/02/2021 9:24:23 AM

Small fluctuations in rental vacancies welcome the New Year

MEDIA RELEASE: After a year of uncertainty and dramatic fluctuations, the REINSW Vacancy Rate Survey results for January 2021 show that rental vacancies across the major metropolitan markets remain largely stable.

12/02/2021

12/02/2021 12:00:00 AM12/02/2021 3:48:25 PM

Insurance valuations

The requirement for an Owners’ Corporation to obtain a building insurance valuation every five years should be reintroduced and amendments made to remove reinstatement from the valuation exercise.

12/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

12/02/2021 12:00:00 AM12/02/2021 2:29:41 PM

Window safety devices

The legislation needs to clarify who is responsible for the ongoing maintenance of window safety devices and address the many practical issues that are currently causing confusion.

11/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/02/2021 12:00:00 AM19/02/2021 9:18:53 AM

Taking trust to the next level

Neil Webster, the winner of the John Greig OAM Community Service category at the 2020 REINSW Awards for Excellence, reveals how community service can set you up for a thriving career, build trust with clients and help make the world a better place.

10/02/2021

10/02/2021 12:00:00 AM10/02/2021 11:58:29 AM

Minor renovations by owners

There should be a statutory requirement to register minor renovations to common property carried out by lot owners.

09/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

9/02/2021 12:00:00 AM19/02/2021 9:17:13 AM

Your CPD obligations

Continuing Professional Development has changed and all agents need to understand what their obligations are in accordance with their classification in the licensing structure.

08/02/2021

8/02/2021 12:00:00 AM12/02/2021 10:30:03 AM