At a time when the local real estate market is experiencing a spike in demand as buyers from Sydney and elsewhere discover the area’s charms, the peak body for the industry, the Real Estate Institute of NSW (REINSW), is coming to Batemans Bay next week to meet key local representatives and business people.
CEO Tim McKibbin, President Leanne Pilkington and industry experts will visit on Tuesday May 4 to brief members and the local community on new developments in the industry, including a raft of current reforms which could change the real estate landscape forever.
The team will also be undertaking new training and education for REINSW members and seeking meetings with local stakeholders to discuss the future of the state’s largest industry.
There will be a networking event at Club Catalina at 154 Beach Road, Batemans Bay, from 4pm on Tuesday May 4.
“Real estate is a major economic and employment contributor and its importance as a local industry is growing rapidly,” says REINSW CEO Tim McKibbin.
“Batemans Bay as a place to call home is on more peoples’ radar and the Eurobodalla region as a whole is experiencing considerable growth. PRD figures show the median house price of $569,000 as at December 2020 grew a substantial 10.5% over the previous year.
“The number of transactions in the area was up a significant 14.1% for the same period.
The pandemic has focused peoples’ attention on key regional centres and with $192.2 million in new local projects in Eurobodalla commencing in 2021, the recent growth is expected to continue.
“The trend has shone the spotlight on the lack of available homes to buy and rent in popular regional markets like Batemans Bay. Vendors may be enjoying strong prices for their homes but for people looking to rent, finding a suitable home is a real challenge.
“The real estate landscape is changing markedly in the local area and this is coinciding with a range of reforms to the industry that have the potential to re-shape the market for the long term,” Mr McKibbin says.
Yfoundations, the NSW peak body for youth homelessness, is part of the initiative to educate property managers across the state about its free personalised training program called Foot in the Door. It’s a professional development, training and information program connecting real estate professionals with youth and other specialist homelessness services.
Foot in the Door equips property managers with the information and skills to better understand vulnerable tenant groups to increase the likelihood of them accessing and sustaining tenancies, and to work collaboratively with specialist homelessness and community services in supporting existing tenants facing hardships.
Pam Barker, CEO of Yfoundations, says: “An informed and skilled response to social issues such as youth homelessness, domestic violence and mental health is now imperative for the property industry and we are happy to collaborate with REINSW on this.”
Yfoundations is also looking forward to supporting the development of opportunities for local young people interested in a career in real estate with training through REINSW.