About REIA

In Australia, the property market is a major source of wealth creation for investors, contributing significantly to the socio-economic well being of all Australians. For example, in the financial year 2002/2003 property sales totalled $156 billion; 67% of Australians owned their own houses and 28% rented on the private market. Property affects everybody in Australia.

The Real Estate Institute of Australia (REIA) is the national professional association for the real estate industry in Australia. Since 1924, REIA has worked to represent real estate industry interests. REIA is a politically non-aligned organisation that provides researched and well-informed advice to the Federal Government, Opposition, media, and the public on a range of issues affecting the property market. REIA has an excellent reputation as the most credible source of knowledge and considered opinion regarding the commercial and residential property markets in Australia.

REIA has eight members, comprised of the State and Territory Institutes Real Estate Institutes, and through them about 6500 real estate firms and licensed agents (about 70 per cent of the industry nationally) are collectively represented.

REIA also represents Australian real estate internationally as a founding member of the International Consortium of Real Estate Associations (ICREA), a principal member of the International Real Estate Federation (FIABCI) and as a co-operating association with the National Association of Realtors (NAR) in the USA.