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Enough reports ­ letīs have action on property spruikers

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Written by REIA Press Release   
Wednesday, 04 June 2008

The release of the Green Paper on Financial Services and Credit Reform by the Government is welcome, but it’s now time for action on property spruikers. The result of this consultation process must not be yet another report to be filed away on dusty parliamentary library shelves. Consumers need action to be taken on the regulation of property spruikers,’ says Noel Dyett, President of the Real Estate Institute of Australia (REIA).

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Relief as interest rates stay unchanged

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Written by REIA Press Release   
Tuesday, 03 June 2008

Last week, the Deposit Power/REIA Housing Affordability Report published data showing that home loan affordability was at an all-time low with 38% of median weekly family income required to meet loan repayments on new home loans. It will be with much relief that new borrowers greet the news that official interest rates will remain unchanged for the moment.

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St Hilliers raises $200 million with development to core fund

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Written by Company Announcement   
Saturday, 31 May 2008

St Hilliers Funds Management Limited has raised $200 million of equity with two of Australia’s major superannuation funds investing in its fourth property fund, a development to core fund.

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Charter Hall Drops Price for Channel Nine Studios

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Written by Marc Pallisco   
Friday, 30 May 2008

Charter Hall is believed to have dropped the price it will offer for Channel Nine's Richmond television studios by about $20 million.

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Interest Rate Increases Bite Hard

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Written by HIA Announcement   
Wednesday, 28 May 2008

‘Renters and buyers are feeling the fallout from consecutive interest rate rises,’ says Noel Dyett, President of the Real Estate Institute of Australia (REIA). ‘The Deposit Power/REIA March quarter 2008 Housing Affordability Report shows a deterioration in both rental and home loan affordability across Australia.’

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