Turbulent Year for Renters

The Real Estate Institute of Australia (REIA) has released its annual summary of the residential and commercial real estate market today, providing a unique insight into what the market has done over the 2006-07 financial year.

No Room At The Inn

Residential rental vacancy rates have averaged an all-time low of 1.9% across Australia for the past two and a half years, according to data published today in the Mortgage Choice/REIA Real Estate Market Facts report, September quarter edition. Increasing house prices and declining home loan affordability are keeping more people in the rental market, with the short-term outlook difficult for lower income earners in particular. Over the medium term, there should be an improvement in vacancy rates, and a slowdown in rent increases, as improved yields make it more attractive for investors to place their funds in the property market.

Industry calls for Housing Minister in Cabinet

The REIA has called on the Rudd Government to promptly appoint a dedicated Minister for Housing within Cabinet, to reflect the wide ranging socio-economic implications of housing. REIA President Noel Dyett said there was an unprecedented level of interest in housing affordability during the Federal election campaign which had brought the issue firmly onto the national agenda. The REIA looks forward to the Rudd Government implementing its housing affordability policies as soon as possible.

Affordability lowest on record, set to worsen

It is yet again disastrous news for home buyers, with home loan affordability at its lowest point in the 22 years that REIA has published affordability data. The September quarter 2007 edition of the Deposit Power / REIA Home Loan Affordability Report found that 36.6% of family income was required to meet average home loan repayments.

Housing prices continue to move upwards

Prices for houses and other dwellings across much of Australia are moving upwards, according to September quarter price data released today by the REIA. There are two distinct markets emerging in Australia. In the first home buyer market, declining affordability is having a major impact and buyer numbers have fallen, with first home buyer loans only representing 17.7% of total loans in September, compared with the longer term average of 20%. There is a second healthier market for established buyers who are able to leverage equity and higher incomes to cope with the increasing median prices for both houses and other dwellings, says Noel Dyett, REIA President.

The worm likes support for saving, but is the problem addressed immediately?

The REIA welcomes the Coalition’s inclusion of housing affordability as a key issue in its election campaign launch, says Noel Dyett, REIA President. It is significant that both parties have recognised the key role of home ownership for social stability, and have promoted a culture of saving.

Noel Dyett New REIA President

Noel Dyett of Victoria has been elected 2008 REIA President. He served as the REIA Deputy President for 2007, and has represented Victoria as a director of REIA since October 2005, following the completion of his term as President of the Real Estate Institute of Victoria. Noel Dyett will be supported in his role by the new Deputy President, Chris Fitzpatrick, of the Real Estate Institute of New South Wales.

DOORS CLOSE ON ASPIRING HOME BUYERS

Today’s interest rate rise will close the doors on many aspiring home buyers,’ says Graham Joyce, REIA President. The extra $60 per month to meet average home loan repayments as a result of the interest rate increase will push affordability to its lowest level since 1985 when the REIA began recording affordability data. The increase will mean that 37.7% of median weekly family income will now be required to service the average new home loan, taken out by all home buyers, not just those buying their first home. This does not include people refinancing their homes. The other highest peak was in September and December 1989 when 36.4% was required to meet average loan repayments on new loans.

FIRST HOME SAVER ACCOUNTS A GOOD START, BUT NO HELP UNTIL 2012

The first home saver account scheme proposed by the ALP will help first home buyers kick-start their savings for a home deposit, by providing favourable tax treatment under the auspices of current superannuation arrangements. This is an initiative that promises additional help for first home buyers to put together a deposit and as such, is welcome, says Graham Joyce, REIA President. However, there will be no improvement in first home affordability until at least 2012, because that’s how long today’s savers will have to wait to be able to access their money.

BUYING POWER KEY TO HOUSING AFFORDABILITY

Housing occupancy cost data released by the Australian Bureau of Statistics this week paints a very grim picture for Australian families struggling to find a way into the housing market,’ says Graham Joyce, REIA President. ‘This is not surprising given the significant sum of money required for a home deposit, and the high proportion of family income required to meet home loan repayments. ABS housing occupancy and costs data show that between 2003-06, 44.5% of all first home buyers spent more than 30% of their gross income on housing costs, while 10.4% spent more than 50%. Those first home buyers in the lowest income quintile were hardest hit, with 67.2% spending more than 30% of their gross income on housing.

HOUSING AFFORDABILITY MUST BE ON THE ELECTION AGENDA

Housing affordability, now at critically low levels right across Australia, must be on the election agenda as a priority, says Graham Joyce, REIA President. With only five weeks left until election day, Australia’s aspiring first home buyers want both major parties to declare their position on housing affordability and outline strategies which will provide real solutions to one of the major socio-economic challenges of recent times.

HOME MORTGAGEES WELCOME TAX CUTS, BUT FIRST HOME BUYER PROBLEMS STILL TO BE ADDRESSED

‘Home mortgagees will welcome tax cuts proposed by the Government, but the structural issues underpinning Australia’s declining housing affordability are still to be addressed.’ says Graham Joyce, REIA President. ‘The phased approach to tax cuts will minimise the risk of interest rate pressure, an issue important for all home buyers, and particularly buyers with sizeable mortgages. More money in home buyers’ pockets will assist in reducing mortgage stress for those who entered the market in recent years.

Demand-supply imbalance drives prices, rents up

The imbalance between demand and supply in the housing market has begun to drive prices up, with house prices increasing during the June quarter in Sydney, Melbourne, Canberra, Adelaide, Darwin and Hobart, according to the June quarter edition of the Mortgage Choice/REIA Real Estate Market Facts. Perth prices were unchanged over the quarter.

New Zealand auctioneer wins 2007 Australasian Real Estate Institutes Auctioneering Championship

New Zealand auctioneer, Mark Sumich, has won the 2007 Australasian Real Estate Institutes Auctioneering Championship, held in Perth from 2 to 4 September. Sixteen of the leading auctioneers in Australia and New Zealand participated in the championship, which is held annually.

ALP IR POLICY: MORE WORK NEEDED

The REIA is concerned that Labor’s Industrial Relation’s policy announced this week has not adequately focused on the needs of small business employers, and does not provide a sufficiently flexible employment environment. REIA President Graham Joyce, says, ‘While a fair workplace is essential for employees, there also has to be protections in place for business owners. The policy lacks balance for small business across different employment sectors

Affordability plummeting, more pain to come

Home loan affordability is close to the lowest point recorded by the REIA in the 22 years it has published affordability data. The June quarter 207 edition of the Deposit Power/REIA Home Loan Affordability Report found that 36.2% of family income was required to meet average home loan repayments. Following the August 2007 interest rate rise, more pain is set to come for home buyers.

Fair Pay Commission decision fair for employees and employers

The REIA welcomes the decision of the Australian Fair Pay Commission to return the right of employees and employers in the real estate sector to agree on commission-only payment arrangements in circumstances where the employee is experienced and has a demonstrated capacity to earn ‘sufficient income’, above the Federal Minimum Wage.

More certainty for residential tenancy database users

The announcement this week of regulations to extend the coverage of the Privacy Act to Residential Tenancy Databases will provide more certainty for all users, including operators, real estate agencies and tenants, according to the REIA.

Rental assistance – in part deposit on the solution

The ALP National Rental Affordability Scheme is a good start to addressing the rental affordability issue and will assist in providing lower-cost accommodation options for renters, as well as enhancing their ability to save a deposit to purchase their own home, says REIA President Graham Joyce.

DOORS CLOSING ON PEOPLE TRYING TO BUY A HOME

Today’s decision by the Reserve Bank of Australia to lift interest rates by 0.25% is very unwelcome news for already stretched home buyers, says Real Estate Institute of Australia (REIA) President Graham Joyce. ‘This interest rate rise will put further pressure on home loan affordability. While all borrowers should budget for potential changes in interest rates, there is no doubt that a 0.25% rate (or an average $50 per month) increase puts pressure on buyers already stretched to their financial limit and locks out many potential first homebuyers,’ he says.

HOUSING AFFORDABILITY FUND A WELCOME INITIATIVE

The $500 million Housing Affordability Fund announced by the ALP is a welcome initiative, says Graham Joyce, REIA President. Addressing supply barriers is critical in the development of solutions to declining housing affordability. Infrastructure costs levied by State and local Governments add significant upward pressure to house prices. Likewise holding costs borne by builders and developers because of delays in planning and approval processes add to the financial burden on home buyers. The Housing Affordability Fund would assist in reducing red tape and reining in these additional costs.

Affordability issues of enduring concern, not just ‘topic of the month’

The REIA was pleased to participate in today’s housing affordability summit, and welcomes the range and diversity of solutions raised at the summit as a starting point for responding to the housing affordability issues faced across Australia. It supports the initiative announced by Kevin Rudd to establish a National Housing Supply Research Council consisting of a range of representatives including governments and industry to monitor and advise on housing affordability.

Negative gearing improves housing affordability

Labor has made the right call by supporting the retention of negative gearing as part of the policy mix to improve housing affordability, says REIA President Graham Joyce. Unless property has the same investment conditions as other asset classes, including negative gearing on expenses related to the investment, investors will not buy property and renters will have even greater difficulty finding a home and will pay higher rents.

LAND AUDIT WELCOMED

A national audit of Federal and State/Territory owned land to determine areas that could be released for new housing is a positive contribution to the housing affordability debate, says Graham Joyce, President of the Real Estate Institute of Australia. This is one of a number of initiatives which the Commonwealth Government could undertake in collaboration with the State and Territory Governments which will enable them to better address housing affordability problems.

SAVING FOR A HOME DEPOSIT MUST BE MADE EASIER

REIA welcomes the major announcement made by the Federal Labor Leader Kevin Rudd today regarding housing affordability. It is pleasing that recognition has been given to actions which need to be taken at every level of government to address issues such as the tax burden related to property purchase, land supply constraints and charges, strategies to attract private investors to the market, and importantly, the capacity for first home buyers to save a deposit.

More investment property owners rely on agents

More investment property owners rely on agents now, compared with five years ago, according to 2006 Census data. In 2006, 50.5% of all rented dwellings were managed by real estate agents, compared with 43.8% in 2001. There were 1,043,198 properties under real estate agency management.

NO SURPRISE FEWER HOMES OWNED OUTRIGHT

Census data released today showing fewer Australians own their homes outright is no surprise, says REIA President Graham Joyce. Compared with 2001, the proportion of fully-owned dwellings has decreased from 39.8% to 32.6%, while those with a mortgage increased from 26.5% to 32.2%. The percentage of people who own or are buying their home has fallen to 64.8% from 66.3% five years ago, and from 69.1% twenty years ago. The reason for the dramatic decrease in the percentage of people who own their home outright, and for the overall fall in home ownership or purchase, is that home loans are much less affordable now than they have been in the past. Since 1994, the trend in home loan affordability has been a downward plunge.

HIGH SPEED COMMUNICATIONS ESSENTIAL FOR SMALL BUSINESS, CONSUMERS

Recent broadband policy announcements by both major political parties are welcomed by the REIA. This is a long overdue focus on the communications needs of small businesses and consumers, particularly those in rural and regional areas. To date, there has been insufficient attention paid to communications infrastructure, and notably, the development of a broadband environment which will provide Australian businesses and consumers with world-standard e-commerce opportunities. High speed broadband is the modern electronic equivalent of hard infrastructure such as roads, rails and ports – why is there a debate?

PROPERTY INVESTMENT DISINCENTIVES MUST BE REMOVED

An imbalance between high demand and sluggish supply is pushing rents up, but more needs to be done to stimulate investment in residential property. Property investment disincentives must be removed in order to get owner-occupiers and investors back into the market, says Real Estate Institute of Australia (REIA) President Graham Joyce.

STABLE INTEREST RATES GOOD NEWS FOR AFFORDABILITY

Stable interest rates proved to be good news for home loan affordability in the March quarter 2007, according to the Deposit Power/REIA Home Loan Affordability Report. Home loan affordability improved by 1.4% over the quarter, although there was an 8.0% deterioration over the year to March 2007.

FLAT 12.5% WITHHOLDING TAX ESSENTIAL FOR INTERNATIONAL COMPETITIVENESS

A flat and final withholding tax of 12.5% on distributions from Australian managed funds to non-resident investors, is essential for international competitiveness and for attracting foreign investment to Australia, says Real Estate Institute of Australia (REIA) President, Graham Joyce. The Budget announcement of a 30% withholding rate does not signal to foreign investors that Australia is open for business.

Housing Affordability Has Not Made The Headlines

The 2007-08 Federal Government Budget will promote continuing sound economic management including full employment and low inflation. However this Budget has not seriously addressed the critical social issue of housing affordability.

REAL ESTATE AGENTS SEEK BALANCE IN IR POLICY

REIA has expressed concern that Labor’s Industrial Relation’s policy does not strike the right balance for its members. REIA President Graham Joyce said that while a fair workplace was essential for employees, there also had to be protections for business owners. This is particularly the case for the 1.8 million small businesses, including real estate businesses, which dominate the Australian economy and employ millions of people.

Sliding scale for capital gains tax will promote housing affordability, self-funded retirement

REIA calls on the Government to give consideration to implementing a sliding scale for capital gains tax and linking it to superannuation. The REIA sliding scale model provides an incentive for individuals to invest in property in the longer term with a view to making a significant contribution to their self-funded retirement. It also addresses concerns that the capital gains tax regime fuels a housing affordability problem.

ALP DISMISSAL PLATFORM UNFAIR ON SMALL BUSINESS

Changes to unfair dismissal laws proposed by the ALP this week will reduce flexibility for small businesses, increase red tape, and ultimately will be unfair to small business, according to the REIA.

Home buyers breathe easy

Today s decision by the Reserve Bank of Australia to leave interest rates on hold is welcome news for home buyers, says REIA President Graham Joyce. Low affordability is a serious challenge for Gen X and Y, the Rent Generation. Those seeking to get into the home buyer market will be relieved that interest rates continue to be stable, although they should budget for possible future increases when considering taking out a home loan.

State Treasurers Stop the stamp duty rort

The REIA agrees with the Commonwealth Treasurer s call for State Governments to reduce or abolish state property taxes, in order to improve housing affordability. The State Treasurers have an opportunity to commit to making a real difference to housing affordability at their meeting on Friday 30 March. There are a number of reasons why housing affordability is at its lowest point in 25 years apart from a one year period between June 1989 and June 1990. A major reason is stamp duty. The stamp duty rort must be stopped now.

Best of the best: Australia’s top real estate agents honoured

Australia's top real estate professionals have been honoured with the Real Estate Institute of Australia's 2007 National Awards for Excellence, presented in Sydney on Thursday 22 March 2007, and proudly supported by realestate.com.au. The REIA National Awards for Excellence aim to encourage, recognise and promote excellence and best practice in the real estate profession. The select group of top performing real estate professionals who competed for the National Awards had all previously been honoured as award winners at State level by their State or Territory Real Estate Institute.

YIELDS NEED TO RISE

Property investment has produced excellent returns averaged annually over five and ten years, ranging between 7.5% and 25.5% across Australia. However rental yields, currently between 2% and 4%, would need to rise, in order to attract investors back to the property market and alleviate the apparent rental shortage, says REIA President Graham Joyce.

LOW AFFORDABILITY CHALLENGES GEN X, Y

Gen X and Y Australians, stuck in the rent trap and struggling to save a deposit for a first home purchase, may well be called the Rent Generation, says REIA President Graham Joyce. Home loan affordability plunged in the December quarter 2006 with 35.2% of median weekly family income required to meet average loan repayments, according to the Deposit Power/REIA Home Loan Affordability Report. Across Australia, home loan affordability declined by 3.9% over the quarter and by 8.0% over the year, worsening in all States and Territories except Tasmania over the December quarter.

QUICK FIX SOLUTIONS AND BLAME-SHIFTING NOT THE ANSWER

Across Australia, finding a place to rent is extremely difficult, and rents are increasing rapidly. Quick-fix solutions and blame shifting are not the answer. The Real Estate Institute of Australia (REIA) calls on the State and Commonwealth Governments to stop passing the buck and address the issue of home loan and rental affordability seriously.
‘It is the right of every Australian to be adequately housed and we call upon our Governments to begin showing leadership in addressing this matter. The rental crisis will get worse as demand continues to exceed supply,’ says Graham Joyce, REIA President.

THE MATERNITY LEAVE AND EMPLOYMENT BALANCE IS IMPORTANT FOR SMALL BUSINESS

REIA is concerned about media reports of industrial relations policy being considered by the ALP. Reports indicate that the ALP is considering policy to introduce legislation which will provide for two years unpaid maternity leave and a woman’s right to demand part-time employment upon her return to the work force. The President of REIA, Graham Joyce, stated that “Such a policy is not sustainable by small business employers. It is simply unworkable. This approach does not take account of the nature and risks of small business”.

REIA announces finalists in 2007 National Awards for Excellence

Australia's leading real estate professionals will vie for the Real Estate Institute of Australia's National Awards for Excellence, to be presented in Sydney on Thursday 22 March 2007, and proudly supported by realestate.com.au. The REIA National Awards for Excellence aim to encourage, recognise and promote excellence and best practice in the real estate profession.

2007 Real Estate Market Outlook

A continued softening of the residential sales market in the Eastern States, and rental increases in response to tight vacancy rates, will ultimately lead to improved residential investor yields, creating new interest to re-stimulate the market and values. The negative impact of the drought on the rural and regional economy can be expected to have a negative multiplier effect which will be particularly evident in rural and regional towns and cities, and may have a flow-on effect to the capitals.

AUSTRALIA-WIDE: IT’S A FULL HOUSE

MORE THAN A THIRD OF FAMILY INCOME NEEDED TO PAY HOME LOANS

Graham Joyce elected President of Real Estate Institute of Australia

THREE TIMES UNLUCKY: HOMEBUYERS PAY THE PRICE FOR AN ECONOMY HEADING TOWARDS OVERDRIVE

Negative gearing essential for the rental market

NSW auctioneer wins 2006 Australasian Real Estate Institutes Auctioneering Championship

ONE COUNTRY - BUT THREE DISTINCT HOUSING MARKETS

INTEREST RATES, CPI INCREASES MAKE HOME LOAN AFFORDABILITY TOUGHER

$11,000 MORE NEEDED TO PAY A HOME LOAN

STRONG DEMAND FOR RENTAL PROPERTIES: GOOD NEWS FOR INVESTORS

Address housing affordability: Stick to the facts

HOME LOAN AFFORDABILITY IMPROVES SLIGHTLY, BUT THE GOING IS STILL TOUGH FOR MANY

WA, NT House Prices Continue Booming, Steady Elsewhere

MANY POSITIVES FOR FAMILIES AND BUSINESSES, BUT BEWARE INFLATION

Interest rate rise a double whammy for families

New online resource for locating resort properties

Wanted: real tax reform

State property taxes, capital gains tax: reform needed

REIA proposes sliding scale for Capital Gains Tax

Australia's most outstanding real estate professionals honoured

December Quarter Market Facts Released

First home buyers struggling: NSW proposal for super access a solution

What will it take for Governments to really address the continuing deterioration in hoem loan affordability?

Median house prices up in five cities

REIA President to chair Colliers International

Let’s be Clear – Negative Gearing Must Stay

STILL STRONG CONFIDENCE IN THE HOUSING MARKET

GOOD NEWS ON HOME LOAN AFFORDABILITY FOR SOME

REAL ESTATE: THE BIG PICTURE IN 2005, AND FORWARD TO 2006
REIA releases Australian Property Market Indicators 2004 - 05

REIA welcomes in-principle ALP Future Cities paper and its focus on action for housing affordability

REIA welcomes ACT Government move to bring property law into line with other states

Tony Brasier elected President of the Real Estate Institute of Australia

WORKPLACE REFORMS A POSITIVE FOR BUSINESS

It’s official: the property market has cooled

THREE STEPS FORWARD AND ONE STEP BACK: HOMEBUYERS FACE THE AFFORDABILITY CRUNCH

NO PLACE FOR PROPERTY INVESTMENT SPRUIKERS IN THE PROPERTY INDUSTRY

Property investment advice report welcomed by real estate agents

Home loan affordability mixed after three quarters on the improve

HOUSE PRICES IN MAJOR CAPITAL CITIES OFF THE BOIL

SUPER CHOICE NOT SUPER NEWS FOR SMALL BUSINESS

REAL ESTATE PROFESSION WELCOMES LICENSING AND TRAINING REFORM

Tax breaks welcome, but structural reform needed for Australia's future

Inefficient taxes must go: no more excuses

Changes to state taxes a good start, but the job's not finished yet!

Rate decision welcome news for home buyers

For families, interest rate rise of 25 basis points = 2% decline in home affordability

Home loan affordability improves

WHAT’S INEQUITABLE, INEFFICIENT, AND MAKING HOUSING AFFORDABILITY JUST THAT MUCH HARDER?

Housing market healthy, stabilising

States: Let's get serious about reducing the tax burden on homebuyers

HOW CAN AUSTRALIANS GET AHEAD?

RBA: TAKE YES FOR AN ANSWER!

CAN COMMON SENSE STOP THE CAROUSEL ON PROPERTY LEGISLATION?

EVERYTHING YOU NEED TO KNOW ABOUT THE 2004 PROPERTY MARKET

Signs of life as home loan affordability improves

REIA, Mortgage Choice alliance: Real Estate Market Facts leads the way in residential property data

New legislation clarifies GST for real estate agents, non-resident property owners

THE NEW TAX SYSTEM - GST EVEN HARDER FOR SMALL BUSINESS

Ian Wells elected President of Real Estate Institute of Australia

Gentle braking in the property market suggests cautious investors

Signs of life as home loan affordability continues to decline

Time for action, not political games, on property investment spruikers and tenancy databases

Practice makes perfect: New guidelines for real estate agents on the Trade Practices Act

National issue needs national response

Property spruiking unacceptable, regulation needed

The facts on the housing market: REIA March quarter data shows market remains healthy

Higher house prices, interest rates see home loan affordability decline

Housing and small business overlooked in a big-spending budget

Democrats should get facts straight on small business

Real estate industry more than just a dinner party topic

A national approach to tenancy database regulation needed to minimize breaches

State taxes: it’s time to tidy up unfinished business

Rising interest rates decrease home loan affordability yet again

Housing market still strong despite expectations of slowdown

Home ownership the key to economic prosperity for ageing Australians

Home affordability requires a coordinated whole-of-government approach

REIA welcomes Reserve Bank decision not to raise interest rates

REIA suggests cautious approach to interest rates

REIA supports BCTR calls for tax reform

Slower pace but strong potential for 2004 property market

Continuing price growth but clear signs housing market is softening

First home buyers left out in the cold

TOO MUCH, TOO SOON FOR THE PROPERTY MARKET

Real estate industry voice strengthened by new agreements

FIRST HOME BUYERS TO FEEL THE PINCH

REIA supports ACCC moves to stamp out illegal and deceptive practices

Australian John Greig elected World President of International Real Estate Federation (FIABCI)

Kareena Ballard elected President of Real Estate Institute of Australia

Trying to sell a secluded island property, a renovated castle or even a suburban dream home? Try the global approach

Homes less affordable : urgent answers needed

Home loan affordability falls to a seven year low

REIA support HIA's call for inquiry into housing costs

REIA weighs in behind BCTR's call for State Tax Review

House prices climb in all capital cities

Housing Market Reprieve For NSW and VIC

Home ownership a challenge as loan affordability continues decline

Focus on property marketeers welcomed by REIA

House prices continue growth in all capitals

Red Roof: blue chip investment

Property marketeers should declare their hand

Tenancy databases
REIA calls for co-ordinated government approach

Axe the housing tax -Victorian phase-out welcomed by REIA

Bricks and mortar still favourite

Home ownership under spotlight
PM’s think-tank welcomed by REIA

Stamp duty relief for NT first home buyers welcomed

Stamp duty on residential property - Australian families paying too much

Property market sustains economic balance

State policies place housing affordability and home ownership levels at risk, warns real estate industry

House prices continue to rise through March quarter

Mixed results, but overall national home loan affordability improves

Interest Rate Rise — Caution

Property taxes penalise families future

Property taxes stifle sustained growth

State Governments should reduce inequitable property taxes

Property prices continue to rise

Real Estate Institute of Australia part of 22-country real estate website

National home loan affordability reaches two-year high

Property — a confident market

Real estate industry calls for professional indemnity to be included in national insurance forum

Declining levels of home ownership should sound wake up call for Government

Real Estate Institute of Australia supports Reserve Bank decision to maintain current interest rates

Real Estate Institute of Australia endorses South Australian calls for consumer protection in real estate

Real Estate Institute of Australia supports Government proposal for meeting on public liability insurance

Real Estate Institute of Australia supports calls for review of public liability insurance

Residential property booms in September quarter 2001

Resilience of investment in the property sector highlighted during 2000/01

Real estate prepares for Privacy Act

Number of home loans issued jumps 25 per cent in a year … As home loan affordability remains stable

Real Estate Institute of Australia welcomes extension of First Home Owners Grant

Real estate: the economic engine

Real Estate Institute of Australia welcomes rate cut

New CEO appointed to Real Estate Institute of Australia

Real Estate Institute joins international consortium

New President for Real Estate Institute of Australia

Rate cut cautious but welcome

Strong growth in most house prices in June quarter 2001

A big jump in home lending as affordability improves

Major international property conference for Sydney

Property buyers are winners

House prices rise

Home lending and house prices improve but affordability still patchy

New annual report on Australia’s property market

Victoria’s better business taxes a good start says REIA

Another boost for property industry

Home loan affordability patchy but lending and house prices improve

House prices in some capital cities improve in the December quarter 2000

Cautious but promising rate cut

Rate cut a good start