NSW Real Estate News
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Raine & Horne Rural Sydney appointed by private agribusiness funds to secure quality assets
Raine & Horne Rural Sydney has won the bid to identify and secure primary production agriculture assets on behalf of several local and global agribusiness funds. To facilitate the engagement, Raine & Horne Rural Sydney has finalised a joint venture with aviation firm, Fleet Helicopters, to help transport its high-profile clients and investment fund managers to property inspections across Australia.…
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Leading agent joins Ray White Menai
Attracted to the team culture and business values, well regarded local Menai agent Lene Mitchell has joined the Ray White team. After nearly ten years of owning and operating her own real estate business, Lene brings with her extensive experience across both sales and property management. “I really respect Matt and Gavin and what they’ve built – they’ve got a…
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Home Values Rise To Unprecedented Levels says CoreLogic March Report
Best performing capital city: Hobart +5.6 percent Weakest performing capital city: Darwin -3.1 percent Highest rental yields: Hobart & Darwin with gross rental yield of 5 percent and Hobart units at 5.6 percent Lowest rental yields: Sydney & Melbourne houses with gross rental yield of 2.7 percent and Sydney units at 3.7 percent Most expensive city: Sydney with a median…
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First National Real Estate top Victorian and Tasmanian Agents Honoured
First National Real Estate’s Victorian and Tasmanian agents were presented with their General Excellence and Marketing Awards at a dinner hosted last week. The awards brought recognition to the best of both states’ real estate performances throughout last year, which according to First National Victoria Chairman, Rob Westwood, contributed to First National Real Estate winning Canstar Blue’s ‘Most Satisfied Customers’ award…
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Former McGrath sales director now the Agency’s new CEO
Ausnet Financial Services has appointed Sydney-based Matt Lahood as the Agency’s first CEO, effective immediately, the company told the ASX in a statement on Monday. Lahood who most recently held the position of director of sales for McGrath real estate comes with more than 28 years’ of industry experience, the company said. “I am very excited about my new role at the Agency as…
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Laing+Simmons Parramatta donates $23,400 to Westmead hospital
Real estate agency Laing+Simmons Parramatta has donated $23,400 to Westmead Medical Research Foundation (WMRF) after a successful fundraising ceremony conducted by the office last year. As part of its agency’s 21st anniversary celebrations held last year, the agency decided to partner with WMRF to raise much-needed funds for medical research and critical care at the Westmead hospital. The campaign was…
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Agents Get Together For The Second Time For Real Estate Sleep Out
Auctioneer Damien Cooley is calling for the real estate industry to sleep on the iconic Bondi Beach for one night on July 24 to help raise $500,000 for charity. Known as the Real Estate Sleep Out and held for the second time, this year’s event is looking at getting 500 agents to raise half a million dollars for Father Chris…
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NSW state government still has its work cut out, says Property Council
Despite the good work, the New South Wales (NSW) government still has its work cut out for them when it came to all things housing, Property Council of Australia has said. The council’s executive director Jane Fitzgerald said the government should be congratulated for strong economic growth, infrastructure investment and a renewed focus on the regions, yet housing affordability, a…
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Transitioning from agent to principal: how Eric Li of Ray White made it work
Eric Li was only two years into his real estate career when he opted to take the challenge to take charge of Ray White Sunnybank Hills last November and has hit the ground running and sold seven properties in his first month as a principal. In five months, the office has grown from three team members to 11, and Li…
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Stone real estate to expand to 30 offices by year-end: CEO Peter Mumford
Sydney-based Stone Real Estate plans to grow its offices from current 13 to 30 by the end of the year, its CEO and founder Peter Mumford has said. Mumford, a former McGrath agent who started the business two years ago with the first office set up in Lane Cove, said this year’s expansion plans would be executed throughout various parts in…
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New Raine & Horne Kingsford and Kensington in Sydney Run By Two Experienced Eastern Suburbs Agents
Raine & Horne has continued its aggressive expansion to Sydney with the launch of a new office in Kingsford, in the city’s east by two experienced Eastern suburbs real estate agents Sam Karatasas and Andrew Yong. “Sam (Karatasas), who worked for one of our inner Sydney offices in the mid-1980s, currently holds some street sales records in Kensington and Kingsford,”…
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Real Estate Industry Heads Down The Professional Path
The Real Estate Institute of New South Wales (REINSW) has lauded the New South Wales government for provided the institution with the education foundations to pursue a profession recognition. REINSW president John Cunningham said the need for greater accountability and transparency in the ever increasing complexities of property transactions has led to a clear need for recognisable property professionals who…
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Too little supply and ample demand is the main reason why rentals are hard to find:REINSW
Residential vacancy rates have slipped across the Sydney market with many finding it more difficult to secure a rental accommodation, the Real Estate Institute of New South Wales (REINSW) has said. It’s president John Cunningham said the REINSW vacancy rate survey in February saw the Sydney metropolitan market down 0.2 percent to 1.9 percent. “Inner Sydney led the fall in…
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Infrastructure boom will reduce Sydney’s “door-to-desk” times, predicts Raine & Horne
With tens of billions of investment dollars making NSW a world leader in infrastructure, faster commutes are set to boost property values, and quality of life, Raine & Horne, executive chairman Angus Raine said. “Major infrastructure projects such as the Sydney Metro Northwest, WestConnex, NorthConnex and the upgrades to the Princes Highway on the NSW south coast are set to…
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RBA may further curb foreign lending towards overseas investors
There is a possibility that the RBA could take further macro-prudential measures in stifling lending towards foreign investors in order to give more locals the much-needed break into its own housing market, particularly on the east coast of Australia. Referencing the 2014 macroprudential measures which included cap on investor lending growth and more prescriptive loan serviceability guidelines, Assistant RBA Governer…
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Real estate agency Di Jones expansion intensifies
The expansion at Di Jones Real Estate continues with the team at Wahroonga being bolstered by the appointment of two renowned sales agents from McGrath Pymble. Di Jones Real Estate chief executive Rob Ward said the appointment of Valerie Latham and Linda Ratcliff would now see its staff numbers at the Wahroonga office increase to 23. “Combined, Valerie and Linda…
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Laing+Simmons MD says NSW gov should do more to help first home buyers into the market
The Reserve Bank (RBA) has left interest rates on hold as expected, piling more pressure on the New South Wales (NSW) government to take the lead out of its Victorian counterpart and introduce strategic measures to support first home buyers. Laing+Simmons managing director Leanne Pilkington said interest rates were at their lowest point in the cycle particularly from the bank’s’…
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Leah Jay honours its all girl dream team on International Women’s Day
Newcastle-based property management company Leah Jay is acknowledging its 50 female staff today, International Women’s Day. Twenty-two years after the business was founded, the company has grown from strength to strength to four offices with 50 staff – all of whom are women. While the predominance of female workers not unusual within the property management sector, the fact that all…
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The Agency sells $10 million worth of Sydney properties in a day
Perth-headquartered The Agency has another successful weekend of auctions in Sydney last week, turning over $10 million worth of properties in a day. The company announced that of the seven properties up for auction on February 25, six of those were either sold at or before the sale at a clearance rate of 85 percent. “The sale of six properties,…
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REINSW calls on NSW to follow Victoria’s lead on stamp duty
A decision by the Victorian Government to abolish stamp duty for first homebuyers for purchases below $600,000 should propel the New South Government to also meaningfully tackle housing affordability. REINSW President John Cunningham said premier Gladys Berejiklian must put meaning behind her assertion that housing affordability is the number one priority for her government. “Victoria has acted,” Mr Cunningham said.…
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Foreign investors leaving investment properties vacant
The full impact of foreign investment on Australia’s housing crisis is yet to be seen across the Eastern seaboard according to Douglas Driscoll, CEO of Starr Partners. Scores of foreign investors are acquiring property in desirable metropolitan areas only to leave them uninhabited, estimating the number of unoccupied dwellings in Sydney to be more than 200,000.We know that the current affordability…
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Limited dwellings makes tenants offer more money to secure rental properties
Competition to secure a rental property is driving up prices across Sydney, says Di Jones Real Estate. The company’s head of investment management Bridgette Barker said the agency is experiencing high demand for three and four bedroom family homes in the eastern and northern suburbs. “Since the beginning of 2017, we’ve seen families willing to pay above the advertised price…
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Agencies combine expertise to deliver hot property purchase tips in a weekly write-up
Two of the Inner West’s property agents, have teamed up to share their knowledge on the do’s and don’ts of buying a property in Sydney through a weekly write-up at the Inner West Times owned by independent publisher Torch Publishing. Co-authors, Maria Hodgson of Day & Hodgson Real Estate and buyers agent Amanda Gould of HighSpec Properties articles provides expert…
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Di Jones Real Estate recognises talent at first ever Annual Awards
The legacy of 25 years of the Di Jones Real Estate brand was celebrated on Sunday 26 February at the first-ever Di Jones Real Estate Annual Awards. The black tie Gala Dinner saw team members across five offices come together to recognise their achievements. Di Jones Real Estate CEO Rob Ward said that the awards were a great tribute to…
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Double Bay agent dominates Raine & Horne NSW awards
Raine & Horne Double Bay and its selling whiz, Ric Serrao, have dominated the Raine & Horne NSW State awards, held at the Westin Hotel, Sydney last Saturday night. The prestigious awards attracted 450 attendees, a record for the annual event. Mr Serrao was named Raine & Horne’s Top Salesperson (Principal) – Number of Sales and Top Salesperson (Principal) –…
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High homebuyer pressure pulls North West development dates forward
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement. Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place. As a result,…
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Ray White Emms Mooney expands Bathurst operation
The number one Rural business in the Ray White network has cemented its presence even further with the expansion and relocation of its new Bathurst branch. Seeing exponential growth, the team achieved a record result in December of just shy of $40 million in residential and rural sales and Director, Pat Bird said the expansion was a natural progression for…
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White Square Properties sees success after refocusing on smaller developers
Bella Vista based agency White Square Properties has recorded a stellar six months after rebranding from Elderton Realty and refocusing the business to provide sales solutions for smaller property developers. In the past six months (from June to December 2016) the company reports selling over $76 million worth of land and house and land packages in Riverstone and Schofields in…
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Reduce cost of stamp duty by 50 percent for retirees and see how housing supply rises, says REINSW
The Real Estate Institute of New South Wales (REINSW) is calling for the state government to give a 50 percent discount to retirees with dwellings, adding that the move will help increase necessary housing supply. REINSW President John Cunningham said the discount should also be extended to upgraders who had intentions to sell but choose not to due to the…
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Di Jones opens new space in Southern Highlands, to capitalise on local growth
Young Sydney families are slowing moving away from the hustle and bustle of city life and into the Southern Highlands due to its value and lifestyle offering, a real estate agency has suggested. Di Jones Real Estate who first established an office in Woollahra in 1992 has decided to capitalise on the trend of migrating home buyers by opening its…
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Sydney densities spreading to the Southern Highlands
High-density living is spreading well beyond Sydney, with properties for sale in the Southern Highlands increasingly on blocks of 500 square metres or less, according to a Mittagong builder. Thirty-year Southern Highlands building veteran, Steve Turland of ‘S Turland Building’ said it was now difficult to find acreage in his hometown of Mittagong. “Blocks are getting smaller and smaller. It’s…
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NSW rental markets influenced by festive season: REINSW
Latest data compiled by the Real Estate Institute of New South Wales (REINSW) shows that rental markets were greatly influenced by the festive season and summer holidays. REINSW president John Cunningham said the institute’s January vacancy rate survey revealed that Sydney metropolitan market was up significantly whenever holidays was just around the corner. “Inner Sydney and Outer Sydney saw an…
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Former RBA governor asked to help NSW govt tackle housing affordability woes
Newly appointed New South Wales premier Gladys Berejiklian has recruited former Reserve Bank of Australia (RBA) governor Glenn Stevens to provide input on how to making housing in the state more affordable. Berejiklian told NSW Parliament on Wednesday that Stevens had accepted a personal invitation to provide input into the strategy. “The NSW government understands that housing affordability is top…
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Andrew Crauford appointed as Ray White NSW new Sydney Metro chief
After seeing exponential growth in 2016, Ray White NSW has announced that Andrew Crauford has assumed the position of CEO – Sydney Metro. Mr Crauford’s new role will see him take charge of the southern, western and northern Sydney suburbs, outside of the inner-city markets, to ensure Ray White businesses are operating at their optimum. “I’ve got the utmost respect…
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Coldwell Banker gives away free perfume and red roses on Valentine’s Day
Coldwell Banker South West Realty in Wattle Grove is giving away a small bottle of perfume, and a single red rose to anyone that says the words “I Love Coldwell Banker” at their office premises on Valentine’s Day. The freebies are limited and would only be given out to those visiting the agency between 10 am and 4 pm. The…
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