Victorian to head REIA

NOEL Dyett has been elected 2008 president of the Real Estate Institute of Australia.

Dyett has served as the REIA deputy president for 2007, and has represented Victoria as a director of REIA since October 2005.

He will assume his new role following the completion of his term as president of the Real Estate Institute of Victoria.

Dyett said in 2008, the main issue facing the real estate market will be the pervasive problem of low home loan affordability.

“With yet another interest rate rise announced by the Reserve Bank of Australia this week, and with some economists predicting more rises in the near future, the affordability of homes is an issue which is deservedly at the top of our agenda.

“The REIA will also continue its valuable work with State regulators, aiming to achieve nation-wide consistency in education and harmonise the practice of real estate across state and territory boundaries,” Dyett added.

Noel Dyett will be supported in his role by the new deputy president, Chris Fitzpatrick of Real Estate Institute of New South Wales.

Australian Property Journal