NSW Real Estate News
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First farms to be sold under new FIRB laws
The first farms subject to Australia’s new foreign investment selling rules will be sold in mid-March, according to its owner and marketing agents. The Twynam Agricultural Group – founded in the 1970s by John Dieter Kahlbetzer – has appointed agents to sell three properties in western NSW as part of its downsizing program. The Kahlbetzer family’s agricultural group began divesting…
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Window lock deadline looms as NSW strata buildings embrace new legislation
A new year and new legislation has come into effect for strata buildings in NSW, with mandatory window locks, and a building bond and inspection scheme among the changes currently impacting the sector. In legislation that will affect multi-storey strata buildings throughout the state, Fair Trading NSW has set a March 13 deadline for the installation of window safety devices…
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RE/MAX opens in Dee Why
RE/MAX Property Specialists’ business owners Jason Martin and Nicholas Scarf announce the opening of their second Northern Beaches location as part of a strategic expansion, with an office in the rapidly expanding town centre of Dee Why. The new Dee Why office when combined with their highly successful Narrabeen office extends their reach from Brookvale to Newport on Sydney’s Northern…
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Debate pending for NSW real estate industry reforms
Long-awaited NSW real estate industry reforms are set to be debated in parliament in the coming days following the release of proposed amendments to the Property, Stock and Business Agents Act in November 2017. The bill includes changes to real estate and property laws affecting training, educational and licensing requirements in a bid to raise professional and training standards for…
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The Sahyoun family joins Belle Property
One of Western Sydney’s most prominent real estate families is set to enter a new era, joining the Belle Property group as of today. After 20 years operating as LJ Hooker Parramatta, the Sahyoun family officially opened their doors under the Belle Parramatta banner as of this morning. As a family-owned and -led business, George, Chris and Nathan Sahyoun bring…
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Property industry now NSW’s biggest employer say AEC Group
The property industry now employs more people than any other sector in NSW, according to new analysis by AEC Group released today. Creating more than 390,000 jobs, the property industry has overtaken health care and social assistance as the biggest direct contributor to employment in NSW by industry. Employment in the property industry grew by 25 per cent from 2013-14…
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Di Jones appoints Anna Egri as Human Resources, Governance and Compliance Manager
The team at Di Jones Real Estate has been expanded with the appointment of Anna Egri as Human Resources, Governance and Compliance Manager. Di Jones CEO Rob Ward said Ms Egri, formally Senior Workplace Relations Advisor for the Real Estate Employers’ Federation, is an HR and workplace relations specialist. “In her new role at Di Jones, Anna is the agency’s…
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Ray White opens in Swansea, NSW
New business owner Troy McLennan of Ray White Swansea is so excited he’s just opened his doors in the coastal beachside community south of Newcastle. Mr McLennan starting his journey in real estate five years ago, after working for a national retailer for more than 14 years, managing and training teams to become top tier performers in both customer service…
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Premier Berejiklian must maintain momentum to fix housing affordability, says Property Council
One year into Premier Berejiklian’s time as Premier, the NSW Government must continue to embrace progress and implement reforms to improve housing affordability in NSW, according to the Property Council of Australia. “The Berejiklian Government has made good headway creating and consulting on policies and plans to boost housing supply, but we need decisions made and reforms implemented to give…
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Ray White Joint Chairman pays tribute to Australian Auctioneering Legend
Tony Fountain – one of the key establishment figures for the Ray White Group in its Australian expansion – passed away yesterday at the age of 72. In a statement to the Ray White group yesterday, Joint Chairman Brian White paid tribute to Fountain noting his key role in establishing ‘an auction culture’ in the group back in 1988. “He…
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New Raine & Horne office opens in Budgewoi
Raine & Horne has launched an office in Budgewoi on the NSW Central Coast. Formerly the proprietor of Independent Coastline Real Estate, Wendy brings 15 years of experience to the Raine & Horne Brand. Raine & Horne Budgewoi will service the northern end of the Central Coast with a focus on Budgewoi, Buff Point, Lake Munmorah, Chain Valley Bay, San…
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Home buyers to be better protected by Australian-first defect bond scheme
Home buyers will be better protected thanks to an Australian first defect bond scheme, Minister for Better Regulation Matt Kean said. The Strata Building Bond and Inspections Scheme (the Scheme), the first of its kind in Australia, provides a structured process to rectify defects early in the building lifecycle. Mr Kean said the new Scheme follows extensive industry consultation, and…
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Di Jones contributes midwives through supporting the Barbara May Foundation
Barbara May Foundation General Manager Joanne Crowley said $3400 was raised from candles donated by Di Jones at the Bowral Christmas Carols held in December. “It is a credit to Di Jones and its culture that its teams are empowered to volunteer in their local communities,” she said. “The funds raised will train three midwives in the city of Barhir…
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Cooling market highlights quality of flat fee agents: REINSW
REINSW President Leanne Pilkington said with the cooling market consumers are at risk of paying even when their property does not sell. “There had been a lot of press surrounding companies that offer a flat fee upfront to sell a consumer’s home rather than the traditional commission model,” she said. “There is no motivation or incentive for these agents to…
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Raine & Horne opens for business in Townsville and Carlingford
Raine & Horne has launched an office in Townsville, led by experienced business partners Steve Leaumont and Sue Edmunds. Raine & Horne Townville is the fifteenth office opened by the brand in Queensland in the last 12 months. In the past month, Raine & Horne has also opened offices in Kilcoy and Brisbane. “Raine & Horne enjoys strong brand awareness…
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Sydney rental market stable: REINSW
REINSW President Leanne Pilkington said the November 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area steady at 2.1 per cent. “Vacancy rates in Middle Sydney remained unchanged at 2.2 per cent, while Inner and Middle Sydney both saw an increase of 0.1 percentage points to 2.2 per cent,” Ms Pilkington said. The Hunter increased 0.2 percentage points at…
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Stamp duty boosts surplus for NSW Government
The massive surplus of $3.3 billion for the 2017-18 financial year announced today by NSW Treasurer Dominic Perrottet in his half yearly budget update is good news for the health of our State’s economy, yet this government’s reliance on property taxes to boost the budget bottom line is something that must change. “Treasurer Perrottet has announced a massive surplus and…
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Laing+Simmons Rosebery set to open its doors in partnership with Dexar Group
Mr Skarlatos says he welcomes the opportunity to join Laing+Simmons. “It was important for me, in terms of building a strong business and valuable asset for the long-term future, to partner with a group with a strong reputation, great brand, powerful marketing and the right values,” Mr Skarlatos says. Dexar Group Executive Director and Head of Growth Stan Platis says…
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Raine & Horne launches new office in the Hunter Valley
Raine & Horne has joined forces with local agents Mallik Real Estate to re-establish a real estate office in Cessnock, the gateway to the Hunter Valley wine region. The Mallik family has lived and worked in Cessnock for many decades. Therese Mallik launched Mallik Real Estate in 2012 after previously working as a lawyer specialising in real property, conveyancing, probate…
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Tony Chen Appointed to Strategic new role in The Agency Projects division
After working closely with Steven Chen, the Director of The Agency Projects, for three years, Tony Chen has been promoted to Channel Partner Manager. This new role has been created in response to significant changes in the development market over the last couple of years. “This role is a vital addition to the Projects team,” Steven Chen explains. “The Agency…
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Raine & Horne launches office in Ingleburn, NSW
Raine & Horne has reinforced its commitment to south western Sydney with the launch of an office in Ingleburn last week. The office will be led by Abu Walid Ratul and MD Rajibul Islam, who are co-owners of mortgage broking firm Mortgage Plus, which services the Ingleburn area. “We opened our first franchise office in south west Sydney in 1976…
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Auction smashes 2017 residential record
IN front of their packed auction room, the unstoppable Ray White Double Bay and CBRE have just sold an entire block of apartments in one line for $33.250 million to a local property investor to achieve the largest single residential auction sale of 2017. Amid rapid-fire bidding, it was standing room only at the Ray White Double Bay auction room…
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A new force in the Kiama and Gerringong real estate market
Terry Digger and Jason Stalgis, the Principals behind the successful First National agency in Gerringong, are excited to lead the new Coast & Country business. Mr Digger said, “Our focus is to deliver a whole new level of expertise across the coastal and rural property sector; combining top results, outstanding customer service with an enhanced support network.” Mr Stalgis added, “Combining the…
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Laing+Simmons’ Leanne Pilkington announced as new REINSW president
The Real Estate Institute of New South Wales has elected Leanne Pilkington as President of the industry body, effective immediately for a two-year term. REINSW CEO Tim McKibbin said Ms Pilkington’s major strength was her ability to connect with people right across the industry. “Leanne’s charismatic style and strong leadership skills will see her focus on our lobbying efforts,” Mr…
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Unique mystery shopping concept introduced by REISA to validate excellence awards submissions
REISA CEO Greg Troughton is a fan of Edward R Murrow, the famous American journalist, who once said “we cannot make good news out of bad practice”. The recent REISA Awards for Excellence introduced a new concept – the mystery shopper. This is because, as Troughton says, you can’t hand someone an award based on a written submission if the…
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Di Jones makes historic Beecroft Post Office their new home
The historic Beecroft Post Office has been given a new lease on life, with Di Jones Real Estate set to open the doors to its new home on Saturday, 2 December 2017. Di Jones CEO Rob Ward said the BPO has always been a meeting place for the local community and the team at Di Jones want this to continue. “The…
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Top Cammeray Independent Joins Ray White Lower North Shore
After 20 years in business, the highly regarded Ferguson Property Agents in Cammeray is merging with Ray White Lower North Shore to continue to grow and service the needs of their local community. Justin Ferguson and his wife Sally have been operating in Cammeray for 20 years and will rebrand their office to Ray White Ferguson (Cammeray) in February. Mr…
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Di Jones thrives as employer of choice
Recently recognised with the REINSW Award for Excellence for Real Estate Agency – Large, Di Jones has experienced a period of strong growth over the past 18 months under the leadership of Rob Ward. Flexible working hours, remote working and agent rewards lie at the core of Di Jones’ success, according to Mr Ward. “We have a strong focus on…
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Sunshine brings higher auction prices: UTS
“There is a link between sentiment, or mood, as measured by consumer sentiment surveys, and asset prices – including house prices,” says Dr Adrian Lee, Senior Lecturer in Finance at UTS Business School. “Weather is known to affect mood, and some studies have shown a link between the weather and stock prices, so we decided to look at weather and house…
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Doug Driscoll reveals his 2018 Sydney suburb hotspot predictions
Douglas Driscoll, CEO of Starr Partners has announced his top 10 Sydney suburbs to watch in the upcoming year. 1. Leppington Leppington has seen significant housing development after re-zoning and is very family-centric. With Coles and Woolworths moving in this year, I think we can expect to see this area go from strength to strength. The new NSW rail changes coming into…
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Century 21 Eastern Suburbs Offices unite in a pink cause
Century 21 offices in Sydney’s eastern suburbs will be holding a super auction night on the 8th November at Clovelly Surf Club, with a donation from all properties sold on the night to be contributed to the Cancer Council’s Pink Ribbon campaign. For the first time ever, the Maroubra, Bondi Junction, Randwick and Rose Bay offices are joining forces to…
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Stone Real Estate opens Toukley office
Stone Real Estate has moved north of Sydney to the Central Coast with the opening of its fourth office in as many months. This latest office is at Toukley, headed by Ron Coleman. Mr Coleman (previously of Ron Coleman Real Estate) brings 20 years of local market experience to the Stone brand. Mr Coleman said his decision to join Stone…
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Di Jones Appoints Customer Service Specialist
Di Jones Real Estate has appointed Patrick Distapan to the newly created role of Customer Relationship Manager. Di Jones CEO Rob Ward said the role was an important step in ensuring that client’s needs across all aspects of the business, including buying and leasing, are being met. “Patrick will take the time to discover each client’s specific situation and will…
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Buyer’s agency Cohen Handler launches education program
The Buyer’s Agent Institute is a five week education program aimed at providing the right information to those who wish to understand what it takes to become a buyer’s agent. Ben Handler, CEO and co-founder of Cohen Handler, says the idea stemmed from the flood of questions and queries Cohen Handler received about the industry, and a lack of sufficient information…
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Is this Australia’s most expensive house?
Ray White Double Bay Director Craig Pontey expects the 3731sq m estate at 38B The Crescent, Vaucluse will set a new national record for its sheer scale and enviable deep waterfront access, tennis court, palatial home and jetty. Mr C K Ow, Chairman and Chief Executive Officer of Stamford Land Corporation Limited which owns and manages luxury hotels, commercial buildings…
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