NSW Auctioneers take their place once again in the Australasian Championships

The Australasian Real Estate Institutes’ Auctioneering Championships, representing the most professional and skilled auctioneers that Australia and New Zealand have to offer held its New South Wales heat at the Novotel Hotel Sydney Olympic Park today.

The NSW Heat was contested by fifteen of the state’s leading Auctioneers all competing to progress onto the National championships to join contestants from around Australia & New Zealand at the final event which is being held at Crown Perth on the 23rd-25th of September.

One of the judges today Scott Kennedy-Green was the last NSW contestant to take out the Australasian Championships in 2006. Estate Agents Co-operative Ltd Vice Chairman Peter Carmont said “It is about time that NSW took the title again and we look forward to our winner and runner up taking it up to New Zealand which has won the title four times in the last five years.”

The Real Estate Institute of Australia and Estate Agents Co-operative Ltd, the hosts of the NSW heats,  are proud to announce the Winner for the NSW heat is Gavin Croft from Bresic Whitney Estate Agents and would like to congratulate Gavin on his performance.

Gavin has 12 years in experience in real estate and is currently the sales manager and auctioneer for the Darlinghurst and Glebe offices.

We are also proud to announce and would like to congratulate Edward Riley also from Bresic Whitney Estate Agents who is the Runner Up in today’s heat.

Both Gavin and Edward will be going through to the finals to be held in Perth where they will compete against auctioneers from the other states and New Zealand.

Special mention should also go to Nick Boyd for his very strong and capable performance in the heat.

We would like to thank all the contestants for participating in this year’s heats of the 2013 Australasian Real Estate Institutes’ Auctioneering Championships. The other contestants included:

Stewart Kirkby – LJ Hooker Lane Cove
Vic Lorusso – Vic Lorusso
Matthew Harvey – First National Real Estate
Michael McCaffery – First National Real Estate
David Cale – Cale Property Agents
Thomas McGlynn – McGrath Estate Agents
Paul Millett – Cooley Auctions
Andrew Cooley –  Cooley Auctions
Andrew Coulson – Think Real Estate
Brian Cannan – Think Real Estate
Will Hampson – My Auctioneer
Kate Lumby – My Auctioneer
Nick Boyd – Think Real Estate

We would like to thank the Judges Scott Kennedy-Green, Stephen Pratt, Brett Roenfeldt, Chris Mourd and Amanda Lynch.

David Crombie, Chief Executive Officer of Estate Agents Co-operative Ltd would like to thank our Major Event Sponsor OAMPS Insurance Brokers and our Event Sponsors My Desktop, Realty Print and iVisual for their support which allowed us to hold a successful and professionally run event.

Government Action Required on Housing Affordability

A new report by the National Housing Supply Council clearly identifies the need for a concerted approach by Governments to address housing affordability, particularly for first home buyers, according to the Real Estate Institute of Australia (REIA).

“The Housing Supply and Affordability Issues 2012–13 report shows that it now seems certain the aggregate rate of home ownership in Australia will drop from around the rate of 70 per cent that it has been for the last three decades,” says REIA President, Peter Bushby.

“Affordability is identified as the main reason for this change.”

“Exacerbating the difficulty for first home buyers is that during 2012, the Governments of Queensland, New South Wales and South Australia announced that they would only provide the First Home Owner Grant (FHOG) to purchasers of new property and not to those buying established housing.”

“The actions of the state governments ignore the evidence that first home buyers have a clear preference for established houses. Only 18 per cent of Australian first home buyers are buying new homes with 82 per cent purchasing established dwellings,” says Mr Bushby.

“In its Pre Budget Submission, REIA has urged the Government to address the plight of first home buyers.”

“As part of a package of measures to address the affordability problem, REIA proposes that the Commonwealth Government should establish a scheme to encourage young Australians to contribute to voluntary superannuation by allowing access to these resources for the purposes of raising a deposit for a first home.” “A good example of how this can work is provided by a Singapore where home ownership is at 87.2 per cent.”

“The issue of first home buyers and affordability is a major issue for both sides of politics to address in this election year,” concluded Mr Bushby.

Source: Real Estate Institute of Australia Media Release 4 March 2013

Estate Agents Co-operative Ltd is an Affiliate Member of the REIA.


Estate Agents Co-operative Ltd Joins Real Estate Institute of Australia Affiliate Council

The Estate Agents Co-operative Ltd (EAC) today announced its appointment to the Real Estate Institute of Australia’s (REIA) Affiliate Council to benefit from what REIA currently offers its members.

As an REIA Affiliate Council member EAC will have alignment with the leading industry association for Australia’s real estate profession, benefitting from REIA’s advocacy on their behalf and through their strong relationship with national media. Another role of the REIA Affiliate Council is to have participation in ongoing discussions and updates on issues and submissions REIA prepares.    

“EAC is pleased to be associated with the national institute for the real estate profession and looks forward to working with the REIA and other affiliate members to ensure that the interests of EAC Members and practitioners in NSW are protected”, commented Dale Whittaker, EAC Chairman. “We are actively working with government bodies at a state level and the Board of EAC recognises the importance of having representation at a national level, as we face issues such as the introduction of national licencing”.

REIA CEO, Ms Amanda Lynch and President, Mr Peter Bushby presided over the Affiliate Council meeting on Monday, 25th February, with senior representatives of the real estate networks including David Crombie, EAC Chief Executive Officer. The agenda included the industry’s opposition to diluting standards with national licencing, tax reform, a fair and consistent approach to buyers of established with the first home owner grant and the need for national tenancy laws.

Estate Agents Co-operative Ltd

About Estate Agents Co-operative Ltd
Estate Agents Co-operative Limited (EAC) began as a co-operative of real estate agents first formed in 1960. We are known in the marketplace for Membership Services, Agency Practice Support, Red Square, Real Estate Forms and more recently the realestateworld.com.au Property Portal and supporting Publications.

EAC is now a premium technology based service provider to the real estate and property industry, providing a range of services to over 2,000 real estate professionals, comprising of independent agencies, valuers, Government departments and franchise offices from all the major groups.






About REIA
The Real Estate Institute of Australia (REIA) is the national association for Australia’s real estate profession. REIA is a politically non-aligned organisation that provides research and well-informed advice to the Federal Government, Opposition, members of the real estate profession, media and the public on a range of issues affecting the property market.

No rate increase: CPI inflation within the RBAs target

REIA Media Release

The September 2010 quarter Consumer Price Index (CPI) for the housing group, increased 2.3 per cent, compared to all groups, which increased 0.7 per cent. These figures increased 5.2 per cent and 2.8 per cent respectively over the twelve month period. The housing group is up from the 0.6 per cent level of the previous quarter.
Contributing to the annual increase of 5.2 per cent for the housing group were substantial increases in the price of utilities – 12.4 per cent for electricity, 12.8 per cent for water and sewerage, 9.8 per cent for gas and other household fuels and 6.2 per cent for property rates and charges.
President of the Real Estate Institute of Australia (REIA), Mr David Airey said, “The CPI inflation rate is well within Reserve Bank’s target zone of 2-3 per cent which should send a very clear message; that rates need not be increased next week.”
The index for house purchase increased 3.2 per cent for the year, with rents increasing 4.3 per cent for the year.
“REIA’s Deposit Power Housing Affordability Report has shown a dramatic worsening in housing affordability, with the average Australian now putting nearly 35 per cent of their income towards loan repayments,” he continued. “Increasing rates next week will only cause greater mortgage stress for home owners and will further flatten demand in the property sector,” he said.
Mr Airey concluded by commenting on today’s comments in the Financial Review that the Australian Bureau of Statistics (ABS) were conducting a review of the CPI indicator saying, “REIA put forward a submission to the ABS on this matter supporting the RBAs recommendation that CPI should be released on a monthly basis. Given the importance of the CPI in the monetary policy decision-making process, a monthly CPI would improve the forecast of inflation, would provide a better input to identifying the trend of inflation and detecting turning points,” concluded Mr Airey.
The Real Estate Institute of Australia (REIA) is the national professional association for the real estate sector in Australia.
For further information or interview opportunities, please contact:
David Airey REIA President 0418 906 002
Neil Fisher REIA CEOnon McClelland Manage0412 637 550
Rhiannon McClelland REIA Manager Communicationsn 0421 422 919