Real Estate
9 February, 2025
Seven-point housing behest
THE Real Estate Institute of Australia has unveiled a comprehensive election commitment plan to tackle Australia’s ongoing housing challenges.
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REIA has presented their election commitment requests to political parties and key independents to address the country’s housing affordability issues, boost supply and streamline regulations, ultimately benefitting Australian families, the real estate industry and the broader economy.
REIA president Leanne Pilkington said the housing crisis in Australia “demands urgent and effective action”.
“Our election commitment requests presents clear, actionable strategies that will address these critical issues and deliver tangible benefits for Australians across the nation,” she said.
“The plan calls for significant reforms that will help solve our housing shortage and reduce the financial pressure on renters and homebuyers.
“REIA’s election commitment plan comes at a time when housing affordability is at its lowest point since 1996.
“With mortgage repayments consuming a significant portion of household income and rental stress rising, REIA’s strategy aims to address these issues head-on.
“REIA’s plan provides a comprehensive response to supply issues and positions the real estate sector as a key partner in addressing the housing crisis.
“REIA’s proposals are designed to guide political parties and independent candidates ahead of the next federal election.
“The real estate industry faces a range of challenges that directly impact its ability to thrive, particularly for small businesses and the broader workforce.
“To address these issues, two key proposals have emerged.
“REIA is advocating for support for small businesses in the sector, particularly around the implementation of the new anti-money laundering and counter-terrorism financing obligations.
“REIA is pushing for the inclusion of real estate and property services, such as property managers, in critical workforce initiatives.
“These measures aim to build a highly skilled workforce capable of effectively managing Australia’s $3 trillion rental market.
“Together, these initiatives seek to enhance both sector compliance and workforce capability, which are crucial for sustaining the industry’s growth and stability.
“By advocating for these reforms, REIA is not only aiming to resolve immediate housing market challenges but also laying the foundation for long-term housing stability and growth.”
To view the REIA’s seven-point election commitments, visit https://bit.ly/3EvW7zD