NSW Real Estate News
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Eview set their sights on the south-side of Sydney
The Eview Group, has set their sights on the south-side of Sydney, launching an unapologetically sleek and fearless partnership.With almost four decades of combined real estate expertise, Danny Fox and Jed Wood are ready to inject leading industry innovation, as they commit to high-end, client-centric service through their savvy, bold brand, Fox & Wood. “It’s been nothing but pure delight,…
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The Hemsworth brothers plan a Byron yoga centre
It’s modest, considering the mammoth mansion that Chris Hemsworth built in Byron, but plans have been submitted for a small yoga studio to be built on a 35 hectare block the Hemsworth family bought last year, for a cool $4.25 million. The cabana will be just 58sqm, and is situated by an artificial dam the family has also built on…
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New C21 office opens in Burwood NSW
An experienced team of real estate professionals have opened an agency in Sydney’s inner west under the Century 21 brand. Directors Eugene Ganke, Jada Vi, Betty Lu, and Ricky Kong are a team that are passionate about property. Together they will operate the Burwood real estate business after having worked together in different roles across independent and franchise agencies. “We…
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Build-to-rent incentives ‘a shot in the arm’
The Property Council of Australia has spoken out in favour of the NSW Government’s new measures to help boost the growth of the ‘build-to-rent’ sector. “The incentives announced today will help to attract institutional investment into new housing, giving the one-third of Australian households who rent their home more choice, certainty and better amenity,” said the Property Council’s Chief Executive,…
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How to turn a $35K marketing budget into $300,000
On the back of some tricky times for sales agents, marketing strategies have been playing a more important role than we’ve seen for many years. Tulo Sila, leading sales agent from Upstate on Sydney’s Northern Beaches, has started to generate some impressive results for his vendors, thanks to the ability to increase his marketing budget. Mr Sila has been utilising…
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Stamp duty relief welcomed by Property Council and HIA
The NSW Government’s plans to provide stamp duty relief for first home buyers purchasing newly built properties worth up to $1 million has been welcomed by numerous bodies. Under the new plans, from August 1, the stamp duty exemption limit will be lifted from $650,000 to $800,000 for the purchase of a newly-built home. The stamp duty concession will also…
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Sydney’s top office towers to tumble in value
Sydney’s most expensive office towers are expected to fall in value by as much as 30 per cent, according to a new report from Goldman Sachs. The drop in values will be due to both the impact of the pandemic on the economy, and a “cyclical downturn” already well under way before COVID-19. “The first six months of the 2020…
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Shopping mall windfall kicks against COVID trends
Two Sydney shopping centres have been bundled up and sold for $91.5 million, a price in step with valuations made in a pre-COVID market. This is despite shopping mall vacancies hitting a 20-year high in May. The Pemulwuy Marketplace and West Ryde Marketplace were taken to market by the Charter Hall Retail Partnership No.1 Trust. “Both centres represented an opportunity…
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Return to print is a sign of confidence in the real estate sector
News Corp Australia will resume printing of three community papers in lucrative Sydney real estate markets this week. The Wentworth Courier, The Mosman Daily and North Shore Times will return. Not coincidentally, these papers were among the few community print titles to be spared from News Corp recent cull, where 76 papers moved to digital-only. These three papers reach 85…
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$83m ‘Planning Reform’ will cut a lot of red tape
The NSW Government’s newly-announced $83m plan to remove swathes of red tape currently wrapped around the planning system is being celebrated as a huge win by Property Council NSW. They predict the NSW Planning Reform Action Plan will “speed up the planning system, create jobs and support the economic recovery” of the state. The Action Plan will streamline many processes…
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Miranda Kerr bought a historical Hunter Valley vineyard
Miranda Kerr has been revealed as the mystery buyer of QT Hotels’ $7.5m Loggerheads Estate in the NSW Hunter Valley. The 215-acre property sold for the full asking price, having last sold in 2016 to QT Hotels for $6m. The property boasts the vineyard, which spans for 10 acres, a fully-licensed cellar door wine sales outlet, a seven-bedroom residence, plus…
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More of Sydney’s CBD to go pedestrian-only from next week
The City of Sydney has fast-tracked plans to turn more of George Street into a pedestrian-only boulevard, a move that will substantially change the heart of Australia’s largest city. From Monday, the following changes will be made to the city. The extension of the existing southbound lane closure of George Street between Bathurst and Campbell streets to Rawson PlaceClosure of…
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Mount Panorama property surrounded by iconic race track hits the market
Imagine being able to tell people your residential address is 489 Conrad Straight, Mount Panorama. The petrol-head’s dream property has just come onto the market: 17 acres surrounded by the world-famous Mount Panorama Circuit, home to the Bathurst 1000. Despite its treacherous turns and high-octane reputation as one of the hardest tracks on earth to traverse, the Mount Panorama Circuit…
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Josh Tesolin joins Ray White
Award-winning agent Josh Tesolin is set to soon open his own Ray White business in Quakers Hill. The elite performer has carved out a reputation in Sydney for his incredible work ethic and energy to not only deliver the best customer service but superior results for his clients. Over the past 12 months Mr Tesolin has sold a whopping 170…
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The new normal? Office blocks with touch-less entry
The technology wasn't developed for COVID-19. It had been in the pipeline for quite some time. But The Gateway building on Macquarie Street in Sydney is the country's first office tower to implement hand-scanning technology, allowing workers to enter without touching a thing. The Gateway building at Sydney’s Circular Quay has become the country’s first…
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Aussie cricket legend Steve Smith buys $6.6m Sydney property
Australian cricketer Steve Smith has added a luxurious Vaucluse pad to his bulging property portfolio. The former Australian captain paid $6.6 million for the six bathroom, four-bedroom property, which was initially listed for $6.8m. The beautiful property boasts views of Sydney Harbour, a large pool and cricket-friendly yard, a steam room and gym, a spacious wine cellar (plus an outdoor…
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Look inside Cate Blanchett’s $12m Sydney apartment
Cate Blanchett’s Macquarie Street split-level apartment in the historical Astor is on the market, with a $12 million guide price. Blanchett bought the eighth floor abode in 2015 for roughly $8 million. The 400sqm property has a stunning view of Sydney Harbour, overlooking the sails of the Opera House. For a further touch of glamour, the property initially belonged to…
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NSW Government offers free mental health work programs
Mental health is a growing concern in many industries, including real estate. The trauma of recent events has impacted workers far and wide, and the toll of such an upheaval in the day-to-day lives of all of us will be felt for some time to come. To help soften the impact of COVID-19, the NSW Government is offering a range…
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Celebrating the return of a familiar face
Richardson & Wrench welcomes the return of Graham Hodson to the Lithgow community with the launch of a new bespoke real estate franchise. This exciting and innovative business structure creates a more agile business under a trusted and well-recognised brand, whilst allowing Mr. Hodson to provide the same six-star service. R&W Managing Director Andrew Cocks said the flexible bespoke franchise…
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Are you eligible for a $3000 Small Business Recovery Grant?
As we all know all too well, the real estate industry has been hit hard by COVID-19. Luckily, things are improving, but many businesses still need a cash boost in order to make the transition back to normal.If you are a small business owner, you may be eligible for a grant of up to $3000 from the NSW Government.The Small…
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The Agency partners with Cooley Auctions in NSW
In line with The Agency’s continued growth, the brand has partnered exclusively with Cooley Auctions within NSW. This partnership brings the award-winning auctioneering service led by Damien Cooley, and his impressive team of 17 auctioneers, to The Agency. The Agency CEO Matt Lahood said Cooley Auctions auctioneering team is the most booked independent auction service in the country. Damien Cooley…
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Are you in a HomeBuilder boom area?
The Federal Government's Home Builder Grant looks set to stimulate the economy, with the December deadline to sign with a builder causing many to leap into home ownership.Wealthi's co-founder Domenic Nesci has pinpointed the areas most likely to see a boom in production."Western Sydney is perfectly placed to benefit from the incentives, new investments in…
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Thodey report recommends land tax, not stamp duty
NSW stamp duty should be replaced by land tax, according to a recommendation of the Thodey Report, which was released today. Instigated in 2019 by NSW Treasurer Dominic Perrottet and chaired by former Telstra Boss David Thodey, one of the draft report’s key recommendations is that broad-based land tax is more efficient and equitable than…
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Planning Development Unit a huge win for good growth in NSW
The Property Council of Australia has today welcomed the announcement from the NSW Government on the new Planning Delivery Unit (PDU) which will work with government agencies to unblock planning projects stuck in the system and streamline planning processes. “Today’s announcement is a significant win for the property and construction industry, and a positive step towards fixing the planning system…
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Independent real estate group BresicWhitney appoints Thomas McGlynn as part of the firm’s growth strategy
Renowned sales leader and auctioneer Thomas McGlynn has joined independent Sydney real estate group, BresicWhitney. The move comes as BresicWhitney continues to deliver on a staged growth strategy. “Coming out of the property market downturn of 2017 – 2019, we made a decision to reshape our operating model to better enable our business to respond to economic shifts,” BresicWhitney co-founder…
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Agents urged to remain vigilant on social distancing requirements
After a return to stricter controls in Victoria, the REINSW is urging agents to remain vigilant when it comes to social distancing. Noting the current situation in Victoria is a timely reminder for all that COVID-19 has not been put to rest, they’re calling on agents to exercise caution, especially at a time when the property market is proving buoyant. …
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Sotheby’s International Realty ready to offer their services to Byron Bay
Experienced agent Dominique Vasers Williams has joined Queensland Sotheby’s International Realty as the brand looks set to service the Byron Bay and Northern Rivers region. A consummate professional who notes real estate is in her blood, Ms Williams said the name Sotheby’s International Realty is associated with luxury, quality properties and service. When asked how long she has been in…
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Homebuilder and infrastructure help stimulate buyer activity
The recently announced HomeBuilder grant and major infrastructure projects are attracting committed buyers to entry-level markets in Australia’s capital cities, according to Raine & Horne. HomeBuilder provides eligible owner-occupiers, including first home buyers, with a grant of $25,000 to build a new home or substantially renovate an existing home. To be eligible for the grant, a couple must earn less than $200,000…
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Raine & Horne opens new office in Armidale
Raine & Horne has expanded its New England footprint, opening a new office in Armidale, led by experienced agent Nellie Hayes. Raine & Horne Armidale is an extension of the firm’s office in Glen Innes, which Ms Hayes opened in November 2018. “There was a brilliant opportunity to extend into new territory with the Raine & Horne brand, and I am…
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Laura Shooter of SJ Shooter Real Estate named Transform 2020 winner
SJ Real Estate Managing Director Laura Shooter has been named the winner of Elite Agent’s Transform challenge for 2020. Receiving the welcome news on Friday, Ms Shooter said was “very excited,” and “quite surprised” to take out the title over a field of 306 participants who completed this year’s 30-day virtual course. “I didn’t go…
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The Agency expands to NSW’s stunning Central West
The Agency has announced its expansion into the NSW Central West, with highly regarded local agent Monica Henley and business development manager Justine Campbell at the helm of the new operation. The Central West, with a focus on Dubbo, Orange, Bathurst and Mudgee, is home to many of Australia’s best-known growers and producers, along with a thriving mining industry. Investment…
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Inner Sydney vacancies hit 18-year high, as uncertainty continues to impact residential rental market
The REINSW Vacancy Rate Survey results for May 2020 reveal that vacancies continue to rise across much of New South Wales as Covid-19 disruption continues to impact the residential rental market. Vacancies in Sydney increased for the third consecutive month and now sit at 4.1 per cent, up 0.3 per cent from April and 1.1 per cent from March. “Sydney’s…
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Small town agency delivers big promise
Personalised service and community spirit are the benchmarks of Soul Property Agents – the newest entrant to the Griffith market in New South Wales. Long-time locals Angelo Cirillo and Nathan Thomas said the time was ripe to create a business that would service a client base they understand all too well. “Our market place is family based – mums and…
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Luxury sales confirm confidence in Sydney’s property market
The Agency’s Sydney operation has shrugged off forecasts of an imminent housing slump, turning over three $10 million-plus sales in the past seven days. The recent transactions occurred on the Lower North Shore, Inner West and Inner East of Sydney and come off the back of a further three $10 million-plus sales transacted across the last seven days of last…
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McGrath’s new focus on project marketing post Covid-19
McGrath has announced it will bolster its project marketing division, McGrath Projects, after securing highly respected industry specialists, Colin Griffin and Murray Wood, who will join as Associate Directors. Announcing the appointments, McGrath CEO Geoff Lucas said he believed the time was right to focus on the re-emergence of the off-plan development sector post COVID-19 and saw excellent opportunities for…
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