NSW Real Estate News
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RE/Max expands in Sydney’s West
RE/MAX Australia continues its commitment to New South Wales expansion, and the Sydney market in particular, with the opening of a second office for RE/MAX K1. Broker-owner David Kim returns to Eastwood where the experienced real estate agent is a familiar face. Mr Kim, whose real estate career spans two decades, launched RE/MAX K1 in Lidcombe earlier this year and,…
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REINSW recognises top performers for 2017
Real estate’s outstanding performers have been recognised at the 2017 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said in its 20th year the award winners highlight the professional standards that the real estate industry is striving for. “The winners across 20 categories are paving the way as our commitment to professionalism…
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Evolve Housing launches “for purpose” real estate agency
Evolve Housing, one of the largest not-for-profit national Community Housing Providers in Australia, has launched a new for purpose real estate agency called Echo Realty, a new division designed with a difference to serve the growing demand for affordable housing solutions in NSW. Speaking at the official launch this week, Member for Parramatta, Dr Geoff Lee MP, said, “Affordable housing…
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Raine and Horne Wetherill Park donate $18,000 to charity
The auction of the modern four-bedroom house at 5 Helena Road, Cecil Hills sold for $900,000 and $18,000 was donated to Bear Cottage. It was a cause close to the hearts of many in the Raine and Horne Wetherill Park office. “We have a contractor who was part of the Bear Cottage family, which is to say his son was…
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Di Jones adopts Pound Paws
Di Jones CEO Rob Ward said the aim of Pound Paws is to encourage the public to adopt puppies online and discourage backyard breeders that contribute to the oversupply of dogs and cats in Australia. “A visit from Wookie, a Lhasa Apso crossed with a Maltese and Jalepeno, a Kelpie cross, meant it was an exciting morning for our Di…
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Stephen Bock re-joins McGrath to cover the Northern Beaches of NSW
McGrath Estate Agents today announced Stephen Bock has joined its company owned sales team on Sydney’s northern beaches, specialising in the key suburbs of Manly, Fairlight, Balgowlah, Balgowlah Heights and Forestville. Mr Bock brings with him more than 18 years of sales experience and has sold close to $1 billion dollars in real estate over his career. He returns to…
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Historic Millers Point Workers Dwellings sold for $26M by McGrath
McGrath Edgecliff agent Peter Starr said interest in the buildings was strong. “Throughout the campaign 141 groups inquired on either the whole block or the four separate parts. After six weeks of marketing, ten parties made formal bids which proved the process to be both competitive and very satisfying. The result demonstrates the ongoing confidence in the future of Millers…
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Maatouks Realty rebrands to Raine & Horne Narellan
Lawyer and entrepreneur Peter Maatouk has launched Raine & Horne Narellan in the heart of Sydney’s Macarthur region. Mr Maatouk, who is the principal of Maatouks Law Group that has offices in Narellan, Liverpool, and Penrith, has been delivering general practice and property law services since 1993. The firm launched a mortgaging broking business in 2000 and Maatouks Realty in 2007. “As…
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The Laing family move to The Agency after 23 years with Raine & Horne
The Laing family has been in real estate for 59 years, trading as Raine & Horne for 23 years. The offices in Bondi Junction and Coogee/Clovelly will be rebranded as The Agency. “When the opportunity arose to join The Agency, it was an extremely difficult decision to make for Geoff, Michael and I, considering our long-term personal and business relationships,”…
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Vacancy rates rise in Sydney for second month in a row: REINSW
Vacancy rates across Sydney rose for the second month in a row despite declines in Inner and Outer Sydney, according to the Real Estate Institute of New South Wales. REINSW Deputy President Leanne Pilkington said the August 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area rise 0.1 percentage points at 2.0 per cent. “It was a…
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Belle Property opens office in Port Macquarie
Sue was inducted into the Port Macquarie Chamber of Commerce Hall of Fame in 2017 after winning the real estate business award category for four consecutive years under her former brand. She said the decision to join Belle Property was driven by her growth ambitions. “We’re looking to grow our residential sales team and capture more out of area buyers…
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Ray White NSW Celebrates its Best
More than 1200 real estate agents and guests arrived at the International Convention Centre in Sydney to celebrate their achievements at the annual Ray White New South Wales state awards last night. Ray White Double Bay had a successful night at the awards, picking up number one city office in settled commission while its elite agent Gavin Rubinstein took out…
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One agent, $50 million in sales, 19 days
Rubinstein has just sold close to $50 million worth of real estate in only 19 days – that’s over $2.5 million a day for that period. This is in contrast to what many commentators are reporting of a slowing market and low house sales, each of the nine sales was a bullish result individually. Rubinstein continues to find motivated buyers…
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Brisbane, Gold Coast and Sunshine Coast remain Queensland’s powerhouse markets
The latest REIQ Queensland Market Monitor reporting on the June Quarter median price shows that the Brisbane LGA median house price grew 3.6 per cent in the 12 months to June, to reach a new high of $655,000. The Gold Coast grew 6.8 per cent over the 12 months to June, reaching an annual median house price of $595,000. The…
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Sarah Burke joins Di Jones Southern Highlands
With a 20-year career in real estate, Sarah has developed an intimate understanding of the real estate process from end to end. She started as a receptionist in 1997 and has since worked for Belle Mosman, Manly and Bowral offices across various facets of the business including marketing, property management and as an assistant. “I’ve watched the brand presence Di…
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Keith Newberry joins Stone Real Estate Belrose
The franchise reports that Mr Newberry currently holds Forestville’s highest priced residential sale $2.68 Million. They also claim he has previously achieved the highest priced sale records for Belrose ($2.65 million in March 2017) and Davidson as well as the second highest residential sale price in Frenchs Forest ($2.35 million). He has also sold over 300 properties in the Forest and Northern Beaches…
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BresicWhitney named in Top 50 Places to Work
BresicWhitney was born in 2003 from the vision of founders Ivan Bresic and Shannan Whitney to create an agency that led change and transformed the real estate experience for consumers and its employees. With a belief in collective leadership and a willingness to not only embrace but to create and lead change, the firm has just been named in Australia’s…
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Di Jones inaugural annual market report says Sydney market still strong
The data is produced in partnership with CoreLogic and shows Sydney’s median dwelling price has increased 12.2 per cent over the past 12 months (July 2016-June 2017) and it was the fifth successive year in which dwelling values rose. “However the final quarter in this 12-month period saw only a slight increase in dwelling values, up by 0.8 per cent,…
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Raine & Horne predicts strong spring selling season for NSW regional markets
Angus Raine, Executive Chairman of Raine & Horne, said these towns offer lower house prices and better rental returns than Sydney properties. “The much-hyped growth in Sydney’s median dwelling price – which has risen almost 16% in the last 12 months to $856,000 – is driving demand for property in some of NSW’s major regional cities,” Mr Raine said. “Towns…
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John McGrath says no chance of a 40% correction in Sydney market
“The Sydney market is most of the way through its sales cycle and very near the top of its cycle. My view is there is no bubble and no chance of a 40% correction.” said Mr McGrath “The market continues to have strong drivers including deep demand, populations growth, overseas investment and low interest rates. There is a possibility of a small…
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Inner West market leader Luke Bellero joins The Agency
With more than 20 years of experience, Luke Bellero has worked with a number of major brands, including LJ Hooker and McGrath Estate Agents. And though he says it’s a big move, Luke Bellero is confident about the team and the brand he is joining. “The Agency, in my opinion, just have it all right! It’s bold, modern and fun…
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Stone Real Estate opens Belrose office
Stone Real Estate has opened an office in Belrose, making it the third new Stone office to open in as many weeks following Stone Illawarra and Stone Beecroft. Northern suburbs agent Ian Clarke will be at the helm of the Belrose/Forest office which will service will service Forestville, Frenchs Forest, Davidson, Belrose, Killarney Heights and Terrey Hills from its new…
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Di Jones expands into Inner West
Di Jones Real Estate CEO Rob Ward said many people may not even realise that Di Jones first started out in the Inner West before opening offices in Woollahra, where it has been part of the landscape for 25 years. “We have expanded to the Inner West for a number of reasons,” Mr Ward said. “Our strategic plan is driven…
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Sydney vacancy rates on the rise: REINSW
REINSW President John Cunningham said the July 2017 REINSW Vacancy Rate Survey saw the Sydney metropolitan area rise 0.1 percentage points at 1.9 per cent. “Vacancy rates rose across the board in Sydney with Inner Sydney up 0.1 percentage points at 2.3 per cent, Middle Sydney increased 0.1 percentage points to 1.5 per cent, while Outer Sydney availability rose 0.2 percentage points…
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Gunning RE expands as commerical real estate sector heats up in Sydney
The regeneration of Sydney CBD is underpinning a relatively favourable period for secondary rental growth, making the commercial property market particularly attractive, according to commercial, retail and industrial real estate agency Gunning, led by REIA president Malcolm Gunning. Gunning leasing, sales and brokerage agent Simon Larkins said that, at a time when smaller tenants are becoming more active in the leasing market,…
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Raine & Horne Opens Office in Lane Cove
Raine & Horne has expanded with an office at Lane Cove led by agents Stuart Bourne, Nathan Westerbrink and Alex Banning. The three agents were previously in direct competition with each other, said Raine & Horne executive chairman Angus Raine. The three agents were previously in direct competition with each other, said Raine & Horne executive chairman Angus Raine. “Mr…
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Karen Terry joins McGrath Estate Agents
Ms Terry joins McGrath Forestville/Manly having moved over from Ray White. Prior to real estate, Ms Terry worked in the media industry for more than 20 years, ultimately as Unit Manager for ‘A Current Affair’ on the Nine Network. Ms Terry said she was attracted to the McGrath brand for its professionalism, world-class marketing and technology. “The real estate industry…
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Top NSW agent Catherine Murphy joins The Agency
“Catherine Murphy has proven to be an exceptional agent with over 20 years of experience in the Epping region of Sydney. We are absolutely honoured she has chosen to join The Agency after two decades with the same brand,” The Agency’s CEO Matt Lahood, says. After 20 years, it is a significant decision to move real estate brands, there were…
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Novice auctioneers raise $50,000 for charity: REINSW
REINSW President John Cunningham said the event is getting bigger and more competitive each year. “This year’s competition saw 66 competitors take part in ten heats right across NSW,” Mr Cunningham said. “Michael Garofolo, who has worked in hospitality his whole life before adventuring into auctioneering took out the title against 10 other finalists. “It’s a great way for the…
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2017 REINSW Awards for Excellence finalists announced
REINSW President John Cunningham said the Awards encourage, promote and recognise excellence in the real estate profession. “Being recognised as a finalist in the REINSW Awards for Excellence is an outstanding achievement,” Mr Cunningham said. “Over the past 20 years we have highlighted the best and brightest in the state and with professionalism at the top of our agenda in…
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Digitisation of NSW real estate: REINSW Integrates with DocuSign
The new integration will give NSW real estate agents the ability to digitise customer engagements and agreements for faster turnaround, increased security and compliance, and a best-in-class client experience. With this move, REINSW has integrated DocuSign’s eSignature solution into its existing online forms and contracts cloud software platform, REI Forms Live. For the first time, approximately 40,000 individual agent members…
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Estate Agents Co-operative welcomes newest member James Holt
Estate Agents Co-operative has announced the addition of James Holt as the newest member of their Business Development team. Previously at Century 21 Sutherland, Mr Holt has over 25 years of real estate experience in sales and auctioneering. Articulating Mr Holt’s ability to resonate with the requirements of the cooperative’s growing membership, the CEO of EAC, David Crombie, stated: “We…
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Di Jones appoints Melissah Kenny as Digital & Social Media Specialist
Di Jones Real Estate has appointed Melissah Kenny, formally of REA to the newly created role of Digital & Social Media Specialist as part of an expansion of its marketing team. Di Jones General Manager Kylie Walsh said the agency aims to be innovative and believes staying at the forefront of the social space is essential. “That’s why we created the…
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Stone Real Estate opens 14th office in Beecroft
Joining Mr Dearlove in the new Stone Beecroft franchise are the rest of his team: Alastair Kivell, James Ramsey, fluent Mandarin and Cantonese speaker Jeff Luo and Chloe Jurd. Mr Dearlove’s wife Rebecca also brings extensive project marketing experience from her previous role as CBRE’s residential projects marketing manager. Mr Dearlove says his decision to join the Stone team was…
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REINSW Calls for Parliament to Act on the NCAT
As it stands, the original case has been granted leave to appeal to the High Court, but the REINSW wants Parliament to speed up the process. The court system has never been a nimble instrument of reform, and REINSW President John Cunningham has called on the Government to step in and address the situation because of the impact on residential…
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