The Real Estate Institute of Australia (REIA) has announced that Adelaide and Bendigo Bank will sponsor two key industry reports.
Under the terms of the relationship, the bank will become the exclusive sponsor of REIA’s market data and analysis publications, Real Estate Market Facts and the Housing Affordability Report.
REIA chief executive officer Amanda Lynch described the new partnership as a “perfect match”.
“Support like this is critical to enable us to do the number-crunching work our members expect of us. We’re very excited to have such a respected partner on board to ensure the continuation of these important publications,” she said.
John Billington, an executive at Bendigo Wealth, said the bank’s involvement in the production of the reports will result in tangible benefits for banking customers and the bank’s business partners, such as mortgage brokers and independent financial planners.
“Nobody understands the real estate industry like the Institute and its members and this partnership will help give us additional insights that we can use for the benefit of customers,” Mr Billington said.