by Sila
Established in 1975, REI Super is the only super fund built by, and for real estate professionals. In fact, REI Super is one of the oldest industry super funds in Australia, with over 45 years of delivering strong results for our members.
Move to where more real estate professionals live
As a specialised fund dedicated to delivering a better retirement for real estate professionals, we understand you and your industry better than any other fund. No more trying to explain what you do to someone on the other end of a phone. We ‘get’ you.
And with over 27,000 members and approximately $2B in funds under management, REI Super is small enough to offer genuine, personalised service, yet big enough to provide the security and peace of mind of having your super invested with one of the most established funds.
A history of strong performance
For 48 years, REI Super has only delivered profits to members, not shareholders. Our track record of delivering returns which exceed benchmarks, combined with competitive fees, means more money goes into building your super. Which is exactly where you need it after a hard-working career – allocated towards providing you with a comfortable life beyond work.
Plus, REI Super combines professional investment management with a choice of investment options. This ensures you can invest your super at a level of risk you’re comfortable with, and change it as your stage of life evolves.
An important option for SMSF holders
In real estate, it’s important to remember the importance of diversifying your wealth strategy beyond property. Many members with SMSF’s rely on REI Super as their easy access to investing in the financial markets via our various investment options, while taking advantage of the insurance options available. And, if you ever find that managing an SMSF becomes too hard or expensive, REI Super helps simplify the process of transferring to your industry fund.
Tailored Insurance and tax effective pension options
People often forget that they can get access to cost-effective personal insurance options through their super. Given that REI Super is specially designed for real estate professionals, we have tailored our insurance options to your needs – for example, we allow for commissions.
And as you get closer to retirement, REI Super has a number of great pension options that provide both a tax-effective transition to retirement (TTR Pensions), as well as allocated pension options for when the time comes to fully retire.
So maybe it’s time to move your super to the same place that over 27,000 people, just like you, already have?
To join, or for more information, please contact our friendly team.
Click to view offer
Phone: 1300 13 44 33
Disclaimer: The information contained in this article has been provided by REI Super and does not constitute financial product advice. However, to the extent that the information may be considered to be general financial product advice, REI Super advises that REI Super has not considered any individual person’s objectives, financial situation or particular needs. Individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation. Members should obtain and read REI Super’s Product Disclosure Statement and Target Market Determination before making any decisions. REI Superannuation Fund Pty Ltd ABN 68 056 044 770 AFSL 240569. RSE L 0000314 REI Super ABN 76 641 658 449 RSE R1000412 MySuper unique identifier 76641658449129. April 2023.
by Sila
I’m not saying it’s now or never, but it seems we are getting closer and closer to a situation where authorities need to address the aspect of affordable housing as the highest priority. It is difficult to have overnight solutions, but actions and perceptions do matter.
The official cash rate at 3.85% is a whopping 3.75% increase since April 2022. Significantly reducing mortgage holder ability to meet housing loan commitments and equally noteworthy is the heightened difficulty for new borrowers to raise capital to purchase dwellings. The proportion of the family income in NT to meet rental payments is 26% which is ahead of the national average at 23%. The good news is that this number has not varied much in 2022. On the contrary, the proportion of the income to meet average loan repayments increased to 32% from 25% 12 months ago. Most significantly we experienced a 27% drop in first-home buyer loans over the last 12-month period. We should all endeavour to keep the door open for this important cohort.
Residential Sales
Of the total NT volume of sales during this quarter, Palmerston contributed 33%. Alice Springs and Katherine contributed 14% and 4% respectively. Although the Median House prices in Darwin over the quarter increased the annual prices dropped by 4%. Darwin North and Palmerston median house prices during the quarter increased by 13% and 4%. Alice Springs median house price movements were negligible. Unit/Town House sales in Darwin reduced materially during the quarter but increased in Alice Springs. Median unit prices in overall Darwin are reporting lower as well.
Residential Rentals
Darwin’s overall rental yields remain strong at 6% and 6.2% for a 3-bed house and 2 bed unit with marginal variance from the previous quarter. However, approximately 2% increase is reported quarter on quarter for weekly rentals. An average weekly rental of $480 for a two-bed unit in overall Darwin is a 13% increase over the last 12 months. Following a similar trend, the weekly rentals of a 3 bed house in Darwin have increased by 12%. A significant increase thus indicating a higher demand for rental properties. Although the unit rental yields in Alice Springs haven’t varied during the quarter, Katherine’s yields increased rapidly and are closing upon double digits.
Vacancy Rates
Darwin’s overall dwelling vacancy rates continue to remain low around 2.5%. As anticipated, higher house vacancy rates are offsetting significantly lower vacancy rates reported in units. However, it is noteworthy to report on vacancy rates in Alice Springs and Katherine. On the back of recent lease breaks from tenants, the vacancy rates of these two regional areas have increased to 5%. Needless to state improvements in security would facilitate lower rates.
It is evident the NT market is changing rapidly. Challenges remain but early assessment of the environment and sound decision making could augment the negatives. We will keep supporting our valued members in this endeavour of sound decision making
Aswin De Silva
REINT, CEO
Q1 RELM CEO Report – March 2023 – to read the full report:
Members Click here
Non Member Click here
by Sila
The real estate industry is one that is increasingly being targeted by cyber criminals and the threat may be a lot closer to home than many real estate professionals realise.
In this article, our partner Aon provides an overview of what cyber crime in the real estate industry entails, how you can prepare your business, and how Cyber Insurance can help –
View full article:
https://business-insurance.aon.com.au/sme-talk/professions/cyber-crime-real-estate-industry
by Sila
As the peak body that represents the interests of the real estate industry in the Northern Territory, the Real Estate Institute of the Northern Territory (REINT) recognizes the importance of raising the profile of the property management profession. Through a well-designed advertising campaign, REINT aims to build trust, create awareness, and promote career opportunities in property management.
Here are some benefits of creating the Raising the Profile campaign:
Increased Visibility:
Resulting in the public understanding of the profile of a Property Manager and the Contribution to a business relationship. This increased visibility will also benefit property managers themselves, as it will help them be seen and valued among other real estate professionals.
Improved Reputation:
A well-executed advertising campaign can improve the reputation of the property management industry and its professionals. By highlighting the benefits of professional property management and showcasing the expertise of property managers, the campaign can create a positive perception of the industry, which can help build trust with the public, landlords, and tenants.
Easier Recruitment and higher retention:
By promoting career opportunities in property management, the campaign can help attract new talent to the industry and improve the retention rates of current employees. This can help address the current shortage of skilled property managers and ensure the sustainability of the industry in the long term.
Industry Collaboration:
By involving REINT members and other real estate professionals in the campaign, REINT can foster greater collaboration within the industry. This can lead to improved communication, knowledge sharing, and better outcomes for clients.
Given the potential benefits of this campaign, members are strongly advised to contribute ideas and views by joining the PM’s Perspective Meeting. This will help us to shape the concept and messaging, thus directly benefiting the Property Manager and the Principal in the conduct of business.
The meeting will be held in the REINT Training Room on Tuesday 9 May at 8am with ZOOM available.
Please see the below Agenda:
RAISING THE PROFILE – the PM’s Perspective
Stage 1: Develop an Industry Informed Advertising Campaign to raise the professional profile of Property Managers in the NT
- Improve perspective for the public, landlords and tenants
- Increase recruitment to the industry
We would love to brainstorm the following as part of Stage 1 of this project. Please feel free to bring a team member.
- Determine the advertising goals: What are the specific objectives of the advertising campaign?
- Define the target audience: What are their needs, interests, and pain points?
- Identify the unique value proposition of property managers: What are the benefits of hiring a property manager in the Northern Territory? How do they help property owners and tenants?
- Industry Advice and Insights of the Market: What is the current state of the property management market in the Northern Territory and what are their strengths and weaknesses?
- Develop the message: What is the key message that we should communicate? What are the key selling points that will resonate with the target audience?
by Sila
As a member of the REINT, you’ll be pleased to know that we are taking steps to empower our members to have a greater say in the direction of the industry.
REINT is forming chapter committees this year comprising members representing their regions and professions. These committees will advise the REINT on issues directly impacting their roles, to create member-led solutions that are industry-informed and actionable.
This is an exciting initiative that allows members to have a direct impact on the issues affecting their day-to-day work. By participating in these committees, you can help shape the future of the real estate industry in the Northern Territory.
If you’re interested in getting involved, here’s what you need to know:
- Find out which chapter committee you can join. The REINT will be forming committees for each region and profession. Find out which committee you can join and make sure it’s relevant to your work.
- Attend the meetings. The committees will be meeting throughout the year to discuss the issues affecting their respective regions and professions. Attend the meetings and participate in the discussions.
- Share your ideas. The committees are looking for member-led solutions. Share your ideas and be proactive in coming up with practical and effective recommendations.
- Collaborate with other members. The committees are an opportunity to network and collaborate with other members in your region or profession. You may be surprised by the insights and perspectives that others can offer.
- Stay informed. Keep up-to-date with the latest industry news and developments. This will help you make more informed contributions to the committee discussions.
The formation of chapter committees by REINT is a positive step towards building a more engaged and responsive real estate industry in the Northern Territory. By participating in these committees, you can help shape the future of the industry and make a positive impact on your profession. So, get involved and make your voice heard!
We have already tested the waters this year with some informal meetings made up of Darwin region Principals and property managers, initially with a focus on independent agencies.
These initial meetings were fundamental in spearheading some major projects and changes we’ve started to develop this year.
Our next meeting will be on RAISING THE PROFILE read more about the agenda here. This will be a brainstorming session that will be open to all members with a focus on Property Management. Zoom will be available, and we invite all regions to participate.
If you would like to get involved, RSVP by emailing Sila: pd@reint.com.au
If you would like to read the minutes of our meeting so far download them below:
10.02.2023 | Informal PM Meeting
14.03.2023 | PM Meeting – Training and Recruitment
