NSW Real Estate News
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REINSW crowns its 2020 award winners
The Real Estate Institute of New South Wales has recognised outstanding achievements, crowning the winners of its 2020 REINSW Awards for Excellence. Now into its third decade, the REINSW Awards for Excellence is the most prestigious and respected industry awards event in New South Wales, recognising the best, bravest and brightest work across the real estate industry. REINSW President Leanne…
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HIA wins SafeWork NSW award for pandemic initiatives
The Housing Industry Association has been announced as the winner of the 2020 SafeWork NSW Awards for "outstanding work health and safety support to members in the changed working environment due to COVID-19." The 2020 SafeWork NSW Awards recognise excellence and innovation in work, health and safety response to COVID-19,…
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Cullen and Royle partner in new boutique property agency
Deborah Cullen has a background in prestige residential property, and Richard Royle is an expert is in rural assets.
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The Southern Highlands set to showcase agent’s new brand
Eview Group's momentum continues throughout their most successful year of expansion, as they set their sights on the Southern Highlands, launching an unapologetically bold and savvy new brand.
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RE/MAX team adds sales and leasing specialist in key role
Business Development Manager Richard Masigan wasted no time when he joined RE/MAX Xtra in Parramatta on July 1 this year; he grew a rent roll of 68 to 93 in the September quarter. “My goal is to have 140 on the rent roll by the end of 2020 and at that point we’ll be growing the property management team,” said…
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Both NSW and QLD need to revitalise their CBDs
The latest results from the ANZ/Property Council Survey show that, while confidence levels in the real estate industry have risen in both Queensland and New South Wales, ghostly city centres in both states are continuing to cause concern.
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Ray White launches new specialty division
Ray White has broadened its service offering with the launch of a new division. Sydney-based business division, ‘Ray White Commercial Asian Investment Services’ (known as ‘Ray White AIS), is a new initiative from the team at Ray White Commercial Western Sydney. It was borne out of a need to provide a fully integrated commercial property advisory service for Sydney’s Asian investors.…
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Sydney’s vacancy rate on the rise again
Despite a slight turnaround in August, vacancies in Sydney are once again on the rise.
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Cooley Auction Rooms rebranded as Homely Auction House
Homely.com.au has signed on to sponsor Cooley Auctions’ esteemed Double Bay auction rooms, rebranding the space as the Homely Auction House.
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Epic Bondi auction fields over 200 bids
The reserve price on a four-storey, five-bedroom house on Moore St in Bondi was set at $3.6 million.
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Byron Bay price record smashed again
A sprawling property on Wategos Beach was on the market for less than a week before breaking the area's price record, netting a price just shy of $22 million.
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The Agency Thirroul reduce their footprint and support community
The global pandemic has changed all of our lives, how we work, how we live and where we live. Covid-19 has sped up the transition from traditional office-bound jobs to the majority of people working from home and…
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NSW Fair Trading issues clarification on mandatory COVID-19 Safety Plans
We have republished their article below, with the clarifications made by Fair Trading in bold.
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REINSW blasts NSW Government: “We expected better”
The Real Estate Institute of New South Wales (REINSW) has blasted the NSW Government's decision to extend its rental moratorium.
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Surge in premium sales across the Sydney’s Lower North Shore
There is little doubt we are in unchartered waters when it comes to the current property market performance and the Covid-19 pandemic. Currently, the Lower North Shore of Sydney is experiencing a surge in premium sales; it is not only strong, but firing. The Agency’s local team has achieved over $42 million worth of sales, across seven transactions in just…
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Queensland’s border may open to Sydneysiders in under a fortnight
More hopeful border news, following on from the pending reopening of South Australia to all NSW residents, and the softening of Queensland's restrictions to allow 41 postcodes near the border to cross freely. The Queensland…
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HIA welcomes relaxed Qld border restrictions
Thousands of builders and tradies working either side of the NSW/QLD border will breathe a sigh of relief today.
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Application date extended for land tax relief scheme
NSW landlords who reduced their tenant’s rent due to COVID-19 can still apply for the NSW Government’s land tax relief, with the submission date now extended until December 31. Relief is available to commercial or residential landlords whose tenants can prove financial distress due to COVID-19, and who have reduced their tenant’s rent for any period between 1 April, 2020…
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COVID-19 Safety Plans now mandatory for NSW open homes and auctions
COVID-19 Safety Plans are now mandatory for open homes and auctions.
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Jason Roach heads up The Agency Upper North Shore
Former banker and lead agent Jason Roach is joining The Agency.
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Josh Logan-Pye wins 2020 REINSW Novice Auctioneers Competition
Josh Logan- Pye beat out more than 25 novice auctioneers last night to take out the 2020 REINSW Novice Auctioneers Competition champion. “I’m blown away to be crowned NAC Champion,” says Logan-Pye. “I decided to…
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Sydney vacancy rates down for first time since COVID-19 hit
It might be too early to say for sure, but the REINSW Vacancy Rate Survey results for August 2020 suggest that the worst may be over. Vacancies across Sydney overall decreased for the first time in August, after five consecutive months of increases, and now sit at 3.7 per cent – a drop of 1.3 per cent from July. Similarly,…
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Bathurst indicative of tight regional rental market
Bathurst Real Estate principal Michael Whittaker has confirmed just how tight the rental market is in some regional areas of New South Wales, noting vacancy in his region is currently below 1 per cent. In…
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Sydney’s August clearance rate hits highest point since start of pandemic
The month of August saw Sydney achieve its highest clearance rate since the start of COVID-19, with the harbour city returning a success rate of 59.7 per cent. A report by Domain indicates Sydney’s clearance rate edged 1.8 per cent higher throughout the month, taking it to 23.6 percentage points above the 15-year low it hit in April. “While clearance…
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Builders and tradies the biggest losers in NSW/QLD border closures
The Housing Industry Association has warned the national cabinet it is “critical to both state’s economies” that they quickly come to an agreement to relax border restrictions between NSW and QLD, in order to assist thousands of builders and tradies working either side of the border who have been unduly impacted by closures. “When border closures started at 1am on…
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Central Coast real estate group announces big changes
One of the Central Coast’s largest and most reputable real estate businesses is set to shake up the local industry with the announcement of a major re-brand, which launched on September 1. Longstanding Principal Andre Kubecka and his team are exiting their group of 15 years to re-emerge as Brand Property, an exciting new Independent Group that is set to…
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Gavin Rubinstein: from #1 agent to #1 owner in a year
Ray White TRG founder Gavin Rubinstein is on top of his game and yet he feels like he is just getting started. In his first year of business ownership, Mr Rubinstein cemented his place as the number one Selling Principal in NSW & ACT based on commission for the Ray White Group. He was also awarded the Number One Principal…
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Ray White NSW | ACT celebrates its 2020 winners
Close to 1000 people tuned in to watch the Ray White NSW | ACT 2019-20 awards, which looked a little different this year, held over Zoom. Nonetheless, the night felt the same, as the network celebrated the achievements of its top offices and individuals. Ray White NSW CEO Andrew McCulloch said the iso-style awards were a sign of 2020 given…
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Landmark apartment act will protect NSW buyers from shonky buildings
The NSW Government is seeking to protect buyers from “shonky certifiers and dodgy developers” with the new Residential Apartment Buildings Act 2020, which came into effect on Tuesday. The new laws give the Office of the NSW Building Commissioner powers to stop defective apartment blocks from being built, or sold to prospective buyers. They also provide recourse if such a…
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Highly-regarded agent Carla Poletto joins DiJones Mosman
Highly-regarded agent Carla Poletto has officially joined the DiJones Lower North Shore team in Mosman. Having owned and operated her own real estate office for over a decade, Ms Poletto has an innate understanding of what it takes to provide a world-class client experience. “Carla has an exceptional reputation and enviable understanding of the real estate landscape, bringing over 26 years…
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Animals will now be allowed to live in strata buildings
An amendment has passed in the NSW Upper House, stopping strata management from passing by-laws that “unreasonably prevent owners and occupiers from having companion animals”. Animal Justice Party MLC Emma Hurst passed the groundbreaking amendment, making the following statement: “There are apartment and townhouse complexes in NSW that have by-laws that prevent people from having a companion animal, and there…
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Regional NSW vacancy rates drop
The REINSW Vacancy Rate Survey results for July 2020 shows that overall vacancies in Sydney increased for the fifth straight month, while many regional areas have dropped. The total vacancy rate in Sydney sits at 5.0 per cent, up 0.5 per cent from June, and up 2.0 per cent since March. Surprisingly, while the rest of the state seems to…
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Award-winning agents launch Belle Property Double Bay
Agents Peter Starr and Alain Waitsman are bringing their 60 years of combined experience to Belle Property, opening a new Double Bay office. “We are thrilled to welcome Peter and Alain to Belle Property as they are completely aligned with what our brand stands for and what it strives to achieve for its clients,” explained Peter Hanscomb, CEO of Belle…
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The Sydney suburbs with the most million-dollar mortgages
A study of Sydney’s housing market has revealed that 20 per cent of homeowners across the city are currently facing mortgage debt of over $1 million. According to findings by Digital Finance Analytics (DFA), over 20,000 homeowners have mortgages in the millions, a figure higher than anywhere else in Australia. It is also a historical record. The research, based on…
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BHGRE appoints new growth manager
With the continued growth of Better Homes and Gardens Real Estate offices and Aspire agents, the lifestyle real estate brand has announced the appointment of experienced real estate professional Melanie Spencer to its NSW/ACT growth team. Having worked in real estate her entire career, Ms Spencer has accumulated a diverse and deep knowledge of many facets of the industry, including…
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