Real Estate Market Facts – Australia

The Australian weighted average median house price decreased by 1.3% during the December quarter to $442,038 compared with $447,950 in the September quarter 2008. This is a decrease of 6.2% compared to the December quarter 2007 when the Australian property market was at its peak and the Australian weighted average median house price was $471,216.

The Australian weighted average median price for other dwellings decreased 0.3% over the December quarter to $353,575, from $354,700 in the September quarter 2008. This is a decrease of 3.4% compared to the December quarter 2007 when the Australian weighted average median price for other dwellings was $365,977.

Source: Real Estate Institute of Australia

Are You Having Credit Issues With Your Bank?

The Rudd Government has called an emergency Summit of bankers and small business this Friday to test small business’s complaints of a credit crunch. Small Business Minister Craig Emerson has invited the two groups to Melbourne to try and to bridge the differences; the Minister has extended a specific invitation to the Real Estate Institute of Australia CEO Mr Neil Fisher to attend.

The banks insist they are not tightening lending to small business. Small business organisations accuse the banks of cutting off credit to many members.

This is a highly sensitive issue because of the importance of small business to the economy. Read the rest »

2009 REIA National Awards for Excellence

The event recognises the top achievers of Australia’s Real Estate Industry, with awards covering a wide range of categories including Residential and Commercial sales person of the year through to Corporate Support and Community Service person of the year.

Go now to: Real Estate Institute of Australia