The Real Estate Conversation: An important message from REIA

The Real Estate Institute of Australia (REIA) is actively advocating on all fronts to emphasise the long reaching negative impact of the recent government announcements.

These have included rent freezes, rent caps, removal of the first home owners grant, to name just a few.
REIA have been raising the issues in mainstream media and will continue to do so and urges investors to have their say on the rental crisis.

REIA President Hayden Groves has called on family investors to have their say in the inquiry into worsening rental affordability.

Mr Groves said the continued politicking around rental affordability is causing further confusion for Australians and adversely impacting the housing supply.

Fast facts:

• There are 2.2 million family investors supplying rentals Australia wide.
• 30% of households rent their home with 27% renting from a private landlord.
• Only 3% rent from a government housing authority – half of what it was two decades ago.
• Rental affordability has been largely stable in Australia and was at its worst during the Global Financial Crisis.
• Rental availability has been severely challenged since the onset of COVID-19 will all major cities reporting vacancy rates of <3%.

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