Search Results for: NSW
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INDUSTRY NEWS
NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make renting with pets easier if elected in March.
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INDUSTRY NEWS
Some of the NSW property sales that wowed us in 2022
There's no doubt Sydney has some of the most luxurious homes in the world and some of the top sales this year didn't disappoint. Let's take a look!
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NSW state government bans rental bidding
The controversial practice of rental auctions is set to be banned in NSW from this Saturday.
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INDUSTRY NEWS
REINSW calls on NSW Government to stop the rental crisis blame game
The Real Estate Institute of NSW has hit out at the State Government’s implication that property managers and landlords are to blame for the state’s rental crisis, following news this week that the practice of ‘rent bidding’ was being investigated.
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NEWS
Flood toolkit to help NSW real estate industry
The Real Estate Institute of NSW (REINSW) has updated its Disaster and Flood Relief Toolkit to help agencies and property managers better support their landlords and tenants, as well as take care of themselves.
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Recruit to retain: Brock Fisher on the impact of the rental supply crisis, fixing outdated legislation and why things like rent control are not the answer
Brock Fisher has been in real estate for 20 years and has seen plenty of cycles, but says he has never seen a rental crisis like this one, and because it's taken more than seven years to get here, it probably won't be solved overnight.
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NEWS
NSW and Brisbane hit hard by the housing supply crunch
Inner Brisbane and the western suburbs of Sydney are some of the hardest hit locations of Australia’s housing supply crunch according to new research.
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NEWS
How the floods impact insurance: FAQs answered!
Floods – sadly, many Australians and their properties are bearing the brunt of Mother Nature. This means an influx of inquiries are hitting agents.
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OPINION
Why reducing your fees is not the answer
I recently attended a seminar presented by REISA, Macquarie Bank and BDO. Drawing from the research that was presented, I would like to share my observations on what is happening in the current market, and how you can prepare your agency for a possible downturn.
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NEWS
NSW Government announces offer for first home buyers to swap stamp duty for ongoing land tax
From January 2023, eligible first home-buyers in NSW will be able to choose between annual land tax and the upfront stamp duty. The scheme, called First Home Buyer Choice, includes an online calculator that will help buyers compare their options. For properties with a purchase price of between $650,000 and $1.5 million, buyers will have the choice of a smaller…
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INDUSTRY NEWS
Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental or mortgage payments. In the most recent Census of Population and Housing conducted in 2021, there were 915,000 households spending more than 30 per cent of their income on rental…
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NEWS
John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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INDUSTRY NEWS
NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to drive reform, boost industry standards and support consumers.
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INDUSTRY NEWS
Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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INDUSTRY NEWS
Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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NEWS
NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but don’t stretch far enough to make a meaningful, long-term impact on the property market, according to industry experts.
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INDUSTRY NEWS
NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared equity scheme to buy a home under a new NSW Government trial.
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NEWS
Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to stay in properties that aren’t suited to their needs.
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NEWS
NSW Government pledges $20 million to increase women in construction
The NSW Government has announced an investment of $20 million over the next three years to help increase the number of women working in construction-related roles.
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INDUSTRY NEWS
NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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INDUSTRY NEWS
NSW regional vacancy rates on the rise
New data from REINSW indicates record low vacancy rates across much of regional NSW are now starting to ease.
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INDUSTRY NEWS
One in four NSW and QLD residents not insured for extreme weather
New data suggests 22 per cent of New South Wales and Queensland residents are uninsured against extreme weather events such as floods, bushfires, or storms.
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FLOOD RESOURCES
REIQ and REINSW outline resources for agents and PMs in flood-affected areas
The Real Estate Institute of Queensland is calling on agents and property managers to familiarise themselves with the resources available as the flood clean-up in Queensland continues.
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INDUSTRY NEWS
NSW, Victoria, ACT contain most tenant- friendly suburbs
NSW, Victoria and the ACT contain the most suburbs where rental conditions have changed to favour tenants in the past 12 months, according to new research.
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INDUSTRY NEWS
NSW and QLD driving demand for new housing
The home building boom is in full swing in NSW, with sales of new detached homes the second-highest on record over the past three months.
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INDUSTRY NEWS
Proposed NSW property tax changes labelled ‘nonsensical’
The Real Estate Institute of NSW has labelled the State Government’s proposed changes to stamp duty "nonsensical".
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INDUSTRY NEWS
New listings still won’t meet demand in NSW
A flood of new listings set to come to market this month will not be enough to make a tangible impact on undersupply in New South Wales.
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NEWS
Sydney city and coastal living now ‘overpriced’ in NSW
NSW coastal hotspots such as the celebrity playground of Byron Bay have been listed as overpriced, while regional towns such as Albury-Wodonga and Wagga continue to offer good value, according to new research. Analysis from InvestorKit Founder, Arjun Paliwal, found NSW’s most populated coastal towns, including Newcastle, Wollongong, Shoalhaven, Port Macquarie and Byron Bay, to be the most unaffordable locations…
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OPINION
3 decisions that drastically changed my career: Will Ainsworth
“Change is slow, until it’s not.” I first heard that phrase many years ago, and it’s stuck with me since. New beginnings are created every day, and we’re rarely aware of it.
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INDUSTRY NEWS
Vacancy rates fall across most of NSW, except Inner-City Sydney
Vacancy rates across Sydney and much of New South Wales have dropped this month, while the Inner Ring bucked the trend, experiencing its highest vacancy rate rise since June.
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INDUSTRY NEWS
John Minns appointed as first NSW Property Services Commissioner
Former Independent Property Group Managing Director John Minns has been appointed as the first Property Services Commissioner for NSW, in a move to support the $100 billion industry and its consumers.
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INDUSTRY NEWS
New REINSW president Peter Matthews takes the reins
Peter Matthews, Founder & CEO of Realtair, today begins a two-year tenure as President of the Real Estate Institute of NSW (REINSW). Mr Matthews takes the reins from Leanne Pilkington, CEO and co-owner of the Laing+Simmons network, who remains on the REINSW Board.
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INDUSTRY NEWS
NSW property market the strongest in 40 years
REINSW, CEO Tim Gibbons, believes the strength in the current market is ‘like nothing he’s seen before,’ as house prices across the state continue to surge upward.
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INDUSTRY NEWS
Hotel investment surging in regional NSW
It’s been a tough 18 months for the hospitality industry, but with lockdowns set to continue to ease, the outlook once again looks bright especially for regional hotels.
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INDUSTRY NEWS
Record demand for regional NSW property continues
Record real estate activity in many areas of regional NSW, has local agents thinking that there could be more strong house price growth ahead.
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