NSW Real Estate News
-
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,”…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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’…
Read More » -
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…
Read More » -
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,…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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) –…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
LJ Hooker encourages lifelong training for its real estate agents via new software
LJ Hooker will invest $100 million in the next three years to accelerate the real-estate industry’s digital transformation with a mission to turn Australia into the world’s most advanced and well-served property market. The initiative will kick start with the unveiling of LJX-Lab, a digital research and development vehicle which they say will foster innovation through identifying, incubating and commercialising…
Read More » -
Jason Andrew joins Ray White as its new CEO-Sydney
Ray White NSW has announced Queensland auctioneer Jason Andrew as assuming the position of CEO – Sydney. Under Andrew’s leadership, Ray White’s brand presence in Sydney’s most prestigious suburbs is set to strengthen even further through him bringing his real estate business knowledge to the fore. In this newly created role, Andrew has been tasked with increasing Ray White’s stronghold in the…
Read More » -
New NSW Cabinet line-up welcomed by Green Building Council of Australia
The Green Building Council of Australia (GBCA) has welcomed the New South Wales cabinet and is looking forward to work with Premier Gladys Berejiklian and her team to build a healthy, livable, sustainable future. Anthony Roberts, who has previously held the position of Energy Minister, takes on the role of Minister for Planning and Minister for Housing, while former Attorney-General…
Read More » -
Raine & Horne expands to Sydney’s Turramurra with new office
In a bid to capitalise on the strong Sydney’s north shore real estate market, leading agency, Raine & Horne will open a new office at Turramurra, situated at the corner of Pacific Highway and Kissing Point Road, on February 1. The new set-up comes after the franchise had launched offices in nearby suburbs such as Hornsby, Lindfield, North Sydney, Crows…
Read More » -
Home formerly owned by late Aussie businessman Rene Rivkin up for sale
A Hawkesbury River-fronted property built by the late Australian entrepreneur Rene Rivkin 20 years ago, and extensively renovated by the current owner, will go to auction with price expectations above $5 million. Built with whole Australian Cypress logs grown in NSW, the property sits on 10 acres which it shares with Sentry Rock, the landmark believed to be used by…
Read More » -
REINSW’s Tim Anderson recognised with OAM
Long-standing member of the Real Estate Institute of New South Wales and Life Fellow Tim Anderson has been recognised with the Medal of the Order of Australia in the General Division (OAM). REINSW CEO Tim McKibbin said throughout his career, Tim Anderson has actively promoted professionalism and integrity in the industry and has applied these attributes to all his activities.…
Read More » -
New NSW Premier to prioritise housing affordability, industry reacts
Just hours after being elected as New South Wales (NSW) 45th Premier, Gladys Berejiklian has vowed to address the much-touted housing affordability crisis and has made that her top priority while in government. “I want to make sure that every average, hard-working person in this state can aspire to own their own home,” Berejiklian told a media conference after being…
Read More » -
Premier Mike Baird leaves strong legacy, says Property Council NSW
In response to Mike Baird’s announcement to retire, the Property Council NSW has congratulated the outgoing NSW Premier on the strong legacy he will leave for the people of the state. Property Council NSW Deputy Executive Director Cheryl Thomas has commended Premier Mike Baird for implementing a range of reforms that have placed the state in a good economic position. “True to his…
Read More » -
Holiday season impacts vacancy rates: REINSW
Residential vacancy rates were affected by the Christmas period, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the December 2016 REINSW Vacancy Rate Survey was at 2.0 per cent, up 0.2 per cent for Sydney. “Middle Sydney and Outer Sydney saw rises of 0.6 per cent and 0.2 per cent…
Read More » -
Laing+Simmons Scholarship Winner Lands Full-time Role
Prospect local Julia Sallows has been unveiled as the winner of this year’s Laing+Simmons Scholarship Program, the annual initiative designed to unearth talented agents of the future and kickstart their career in real estate. Julia’s win sees her join leading local real estate office Laing+Simmons Blacktown, where she’ll work alongside experienced sales specialist Mark Stone. Julia completed a week’s work…
Read More »