The Real Estate Institute of Australia (REIA) President, Graham Joyce, joined the REISA June Board meeting to discuss a variety of issues affecting real estate at a State and national level.
One of the key issues discussed was national broadband policy which Mr Joyce listed as a priority for both agents and consumers.
“Most real estate listings are now advertised on the Internet, and consumers undertake much of their property research before buying, selling or renting a home on the Internet,” Mr Joyce said.
“Rural and regional businesses and consumers in particular will benefit from improved services and speeds, for example, for distance training and education purposes.”
Mr Joyce also discussed the REIA national campaign to ‘Relax the Tax’, a campaign aimed at the State Governments to encourage them to review hefty property tax rates.
“Nationally, State and Territory governments collected $16,937 million in property taxes in 2005/06. This was up 5.6% on 2004/05,” Mr Joyce said.
“These taxes need to be reviewed so that they do not act as a disincentive to property purchase.”
During the meeting, REISA President, Mr Mark Sanderson, highlighted the strength of the property market in South Australia, particularly in recent months.
“Demand for property in South Australia has been red hot over the past six months and with the mining expansions planned for the future, this should help to sustain a very healthy market,” Mr Sanderson said.
Mr Joyce agreed saying that the Western Australian minerals boom had significantly driven their local market and the same is now being seen in this State.
“A strong economy is a key driver in the real estate market and South Australia has been enjoying good times which the property market has benefited from.”