REIA elects new President

The Real Estate Institute of Australia has elected a new President, David Airey.
Airey is currently Deputy President of the Real Estate Institute of Western Australia (REIWA), and is a licensed agent and auctioneer with over 30 years experience in the real estate industry. He joined the REIA Board in 2006, and was elected Deputy President in 2008.
Airey replaces Noel Dyett, who has held the role of President since 2007, while the role of Deputy President will now be filled by Chris McGregor, who is an REIA Board member and has served on the Real Estate Institue of Tasmania Board sine 1989.
As his first order of business, Airey has the banks in his sights.
"The issue of housing affordability will remain high on the REIA agenda. While the Federal Government and the Reserve Bank of Australia are responding to affordability issues, I will be urging banks to also play their role following the decision by some of the banks not to pass on this week's RBA cut in full," he said.
"The RBA does not cut interest rates without reason, they are doing what they see fit to take the financial pressure off households around Australia and to address the global economic crisis. This week's decision by the RBA to cut official interest rates should have been welcome news for those contemplating home ownership and existing home owners," Airey said.