REIA proposes long-term solutions to assist the first home buyer market

REIA LogoThe Real Estate Institute of Australia (REIA) has urged the Government to review the amount of the First Home Buyers Grant (FHOG) in its Pre-Budget Submission, so that it maintains its relativity to when it was introduced in 2000.

“We are calling on the Government to increase the FHOG to $15,000, for both new and established homes, and then index the grant to median house price movements annually”, said REIA President, Mr David Airey.

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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, President of the Real Estate Institute of Australia (REIA).


The Government recognised the significant socio-economic problems which arise as a result of declining home loan affordability and convened a Productivity Commission inquiry into first home ownership in 2004. Since then, things have only got worse.

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