Search Results for: REINSW
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INDUSTRY NEWS
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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NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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EPM: News
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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NEWS
Time to move forward or be left behind: REINSW
The REINSW held its first ever Property Industry Think-Tank on professionalism to discuss education and the future of the industry. The think-tank, held at Parliament House in Sydney, invited 60 thought leaders and high-performing real estate agents to explore what the industry needs to do to become a true profession. REINSW President John Cunningham spoke to the aspiration to have…
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NEWS
Pressure being felt across Sydney rental market, REINSW
Residential vacancy rates across Sydney are showing no signs of relief, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the April 2017 REINSW Vacancy Rate Survey saw the Sydney metropolitan area remain steady at 1.7 per cent, despite a decline of 0.2 per cent at 1.2 per cent in Middle Sydney. “A vacancy…
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INDUSTRY NEWS
Axing Of 457 won’t impact vacancy rates, say REINSW
The axing of the 457 visa schemes will only have some bearing on the rental markets in several parts of Sydney such as the iconic Bondi beach and upmarket suburbs like Manly, the Real Estate Institute of New South Wales (REINSW) said. REINSW president John Cunningham said there would be some areas in Australia where the banning of the 457…
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INDUSTRY NEWS
REINSW welcomes changes to give grants for first home buyers to buy established homes
Reports that the New South Wales government is considering changes for first homebuyers including subsidies for the purchase of existing homes, as well as new ones and amendments to stamp duty, is consistent with effort taken by the Real Estate Institute of New South Wales for months on end. REINSW president John Cunningham said the institute had been highlighting the…
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INDUSTRY NEWS
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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NEWS
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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INDUSTRY NEWS
REINSW to meet new Minister for Innovation to discuss proposed changes to the RTA
The REINSW have presented their areas of concern last month with respect to the latest overhaul of the Residential Tenancies Act to The Office of Fair Trading and have scheduled a meeting with new Minister for Innovation and Better Regulation Matthew Kean to provide feedback. “We felt it was necessary to take action ahead of any proposed amendments to the…
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INDUSTRY NEWS
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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NEWS
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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NEWS
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.…
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INDUSTRY NEWS
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…
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NEWS
Increasing professional standards a priority: REINSW
Increasing professional standards in the real estate industry has been recognised by agents and industry leaders who attended the Real Estate Institute of New South Wales’ fourth annual Industry Summit last month, as a priority. REINSW President John Cunningham said over 100 delegates gathered at the Sydney Opera House on 24 November 2016 to discuss and debate ‘The Path to…
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NEWS
NSW strata law reforms come into effect: REINSW
Years of consultation and review have resulted with significant reforms to NSW strata laws commencing on 30 November 2016. REINSW President John Cunningham said over 90 new strata laws will make a difference to the lives of those living in New South Wales. “These reforms will benefit owners, tenants and property managers and bring the laws in line with current thinking,”…
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INDUSTRY NEWS
Stamp duty hampers property transactions: REINSW
Homeowners are electing to undertake renovations rather than sell their properties in an attempt to avoid stamp duty, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the number of property transactions had hit a four-year low for the month of October 2016 according to data from the NSW Office of State Revenue. “The…
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INDUSTRY NEWS
Sydney vacancy rates tighten: REINSW
Residential vacancy rates have tightened across the Sydney market as new accommodation is snapped up across the city, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the October 2016 REINSW Vacancy Rate Survey was at 1.7 per cent, down 0.2 per cent for Sydney. “We have seen an increase in…
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NEWS
Retail lease reforms support SMEs: REINSW
The retail leasing industry and small businesses throughout NSW will benefit from retail lease reforms introduced into State Parliament, according to the Real Estate Institute of New South Wales. REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) will make doing business easier for tenants, agents and landlords on the retail strip. “Some 44,500 retail businesses…
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NEWS
NSW land, property transactions fall; REINSW calls for action
The NSW government is facing a budget shortfall with land related transactions and total stamp duty collected below current budget forecasts for the first three months of the 2016-2017 financial year, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said data from the NSW Office State Review shows that for July, August and September…
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NEWS
Sydney should look to Melbourne for housing solutions: REINSW
Sydney needs a better balance of new apartments, single dwelling homes and medium density developments, much like Melbourne has, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the NSW Government is currently reviewing its planning policies which he described as too convoluted. “Everyone has an opinion on Sydney’s property problems, but there is…
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NEWS
Commercial agents recognised at REINSW Awards for Excellence
The best Commercial Real Estate professionals in the business have been recognised at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner last Thursday evening. commercialVIEW.com.au was proud to sponsor the commercial property awards on the night. CEO of commercialVIEW.com.au Daniel Bignold said the awards highlighted the most outstanding performers across Large and Small Commercial…
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INDUSTRY NEWS
Rental accommodation in Middle Sydney increases, REINSW
Residential vacancy rates jumped in Middle Sydney as more stock comes onto the market, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the September 2016 REINSW Vacancy Rate Survey Middle Sydney rise 0.5 per cent to 2.1 per cent, leading a 0.1 per cent increase in the overall Sydney vacancy…
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NEWS
2016 REINSW Awards for Excellence winners celebrated
Real estate’s top performers have been celebrated at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said 21 awards were presented across all facets of the industry including innovation, community service, residential and commercial professionals, as well as rising stars and auctioneers. “Our prestigious awards have been taken out by…
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INDUSTRY NEWS
REINSW top honour to Wayne Stewart
The prestigious Woodrow Weight Award for outstanding service to the real estate profession has been awarded to Managing Director and Office Principal of Century 21 Newcastle, Wayne Stewart. The Woodrow Weight Award is REINSW’s top Award. It is named after the legendary REINSW President, who was the first Australian ever to be elected World President of the International Real Estate…
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NEWS
Surplus signals time for new property incentives, says REINSW
For the first time on record New South Wales is cash positive, therefore it is time to give back to the property market in the form of new first homebuyer incentives, according to the Real Estate Institute of NSW. REINSW President John Cunningham said New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was…
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INDUSTRY NEWS
REINSW and realestate.com.au join forces
The Real Estate Institute of New South Wales and property portal www.realestate.com.au have signed a sponsorship agreement that will see the website featured prominently in REINSW’s marketing material. The one year real estate sponsorship agreement commences immediately and will see the website highlighted in the REINSW’s Journal, email newsletters and website. REINSW CEO Tim McKibbin says the deal will also see…
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NEWS
Complaints Register Could Tarnish Franchisees, says REINSW
The NSW Fair Trading Complaints Register comes into effect this week but there are concerns within the real estate industry that it will unfairly tarnish reputable businesses. The initiative is designed to provide better customer service and to help consumers make better, more informed decisions; however businesses are concerned about their reputations. The Complaints Register will provide information about businesses…
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INDUSTRY NEWS
REINSW warns against renting asbestos register property
Dwellings listed on a register of residential properties affected by loose file asbestos insulation are uninhabitable, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said from 30 May 2016, NSW Fair Trading made the listing of residential premises on the loose-fill asbestos insulation register (LFAI Register) a material fact, requiring an agent to advise…
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Elite Agent
REINSW Applauds ACT Budget, Stamp Duty Cuts, Over 60s Incentives
The New South Wales Government should follow the lead of the Australian Capital Territory which has reduced its tax rates for transfer duty and brought in incentives for over 60s, according to the Real Estate Institute of New South Wales. On Tuesday 3 June 2014, ACT Treasurer Andrew Barr announced as part of the 2014-15 Budget, reduction in transfer duty…
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CONTRIBUTORS
Leanne Pilkington: Leadership without answers
I’ve been fortunate over the years to have been trusted to fulfil various leadership positions, at the organisational, industry and philanthropic levels.
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