Search Results for: Tim McKibbin
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INDUSTRY NEWS
Omicron hits the real estate sector
With more than 600,000 active cases of Covid in Australia, and the Omicron variant surging across the country, the impact on the real estate sector is now becoming more evident. From staff shortages to legal implications and a slowdown in the rental market, this is what the nation’s real estate institutes are hearing from their members… Real Estate Institute of…
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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
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
REINSW answers the big questions on real estate’s roadmap to reopening
The Real Estate Institute of NSW (REINSW) has sought to clarify some of the confusion as the industry returns to work after prolonged lockdowns.
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INDUSTRY NEWS
Auctions and open homes can be held across NSW
Freedom Day arrived in NSW yesterday with some good news from the State Government in that on-site auctions and open homes can take place statewide. Minister for Better Regulation and Innovation Kevin Andrews said there was currently no restrictions on where a live auction or open home could be held. “The Public Health order notes that from 11 October there…
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INDUSTRY NEWS
Sydney vacancy rates plummet to the lowest level in more than three years
Vacancy rates in Sydney have dropped down to 2.6 per cent, hitting the lowest level since 2018.
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New South Wales
Sydney residential vacancy rate rollercoaster takes another turn
REINSW noted residential rental vacancies in Sydney dropped in July for the third consecutive month.
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INDUSTRY NEWS
Industry leaders are urging real estate agents to get vaccinated
Many industry leaders have supported the push by governments around Australia to improve vaccination rates by encouraging members of the real estate industry to get vaccinated. Raine & Horne chairman Angus Raine is one of many real estate industry leaders to speak out about the potential vaccination mandate. “As an industry, we need to support the government’s messages about the…
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Elite Agent TV
What Simon looks for in a lover (TMI): Luxe Listings Sydney Episode 3 recap
Welcome back to our weekly recaps of LLS. We’re in the mood for efficiency tonight, so in line with the TRG vibe, we have just decided to dispense with lengthy phrases and titles and just go with acronyms and abbreviations for you. We honestly wish we could have fast forwarded through the various ‘downstairs’ topics of this episode but we…
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NEWS
A tale of two cities: Sydney vacancies rise while Brisbane rental market tightens
Brisbane’s rental vacancy rates are continuing to tighten, but it’s a different story in Sydney, with vacancies rising to 4 per cent last month.
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NEWS
REINSW vacancy survey shows rental market remains unpredictable
The results of the latest REINSW Vacancy Rate Survey show that the rental market across the state remains unpredictable.
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Elite Agent
Inner City Blues – What’s going on with rentals?
While things are looking a little brighter in 2021 there are still many hurdles to overcome. Kylie Dulhunty spoke to property managers about their experiences and sought their tips to help you move stock quickly. Property managers in inner Sydney and Melbourne could face further challenges this year, with falling unit rents and higher than normal vacancy rates continuing to…
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Elite Agent
REINSW report card gives State Government a ‘fail’
The Real Estate Institute of New South Wales has marked the State Government’s role in the property market in 2020 as a ‘fail’ but has identified five key ways it could perform to an A+ standard this year.
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Elite Agent
Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the wholesale removal of the tax that New South Wales — for home sales under $1 million only — at a rate of 50 per cent for new build homes and 25 per…
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Elite Agent
REINSW notes ‘unintended consequences’ of stamp duty reform
While the news that the NSW Government are planning to remove stamp duty taxes may appear to be good news on the surface, the Real Estate Institute of NSW highlights some of the unintended consequences of simply replacing one tax with another. “It is clear that the way property is…
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Elite Agent
Stamp duty could soon be scrapped in NSW
The NSW Government has today announced they are "considering a once in a generation change" in stamp duty laws.
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NEWS
‘Bureaucratic inefficiencies’ keeping real estate agents unemployed
The Real Estate Institute of NSW has hit out at Fair Trading for bureaucratic inefficiencies that are keeping hundreds of fully-trained real estate agents in NSW "forcibly unemployed."
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NEWS
Sydney’s vacancy rate on the rise again
Despite a slight turnaround in August, vacancies in Sydney are once again on the rise.
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Elite Agent
REINSW blasts NSW Government: “We expected better”
The Real Estate Institute of New South Wales (REINSW) has blasted the NSW Government's decision to extend its rental moratorium.
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Elite Agent
Bathurst indicative of tight regional rental market
Bathurst Real Estate principal Michael Whittaker has confirmed just how tight the rental market is in some regional areas of New South Wales, noting vacancy in his region is currently below 1 per cent. In…
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Elite Agent
Regional NSW vacancy rates drop
The REINSW Vacancy Rate Survey results for July 2020 shows that overall vacancies in Sydney increased for the fifth straight month, while many regional areas have dropped. The total vacancy rate in Sydney sits at 5.0 per cent, up 0.5 per cent from June, and up 2.0 per cent since March. Surprisingly, while the rest of the state seems to…
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NEWS
Agents urged to remain vigilant on social distancing requirements
After a return to stricter controls in Victoria, the REINSW is urging agents to remain vigilant when it comes to social distancing. Noting the current situation in Victoria is a timely reminder for all that COVID-19 has not been put to rest, they’re calling on agents to exercise caution, especially at a time when the property market is proving buoyant. …
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NEWS
Inner Sydney vacancies hit 18-year high, as uncertainty continues to impact residential rental market
The REINSW Vacancy Rate Survey results for May 2020 reveal that vacancies continue to rise across much of New South Wales as Covid-19 disruption continues to impact the residential rental market. Vacancies in Sydney increased for the third consecutive month and now sit at 4.1 per cent, up 0.3 per cent from April and 1.1 per cent from March. “Sydney’s…
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NEWS
Stamp duty reduction a missed opportunity: REINSW
The Real Estate Industry of New South Wales (REINSW) is calling on the State Government to slash stamp duty in response to the economic fallout from COVID-19. Noting the industry has argued for the removal of stamp duty for years, the industry body now says reducing it offers a lifeline. “We’ve called it inefficient, unreasonable, unfair, an unnecessary burden and,…
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NEWS
Sydney kicks off 2020 with increase in rental vacancy
Vacancy rates increased in Sydney during the month of December, rising 0.2% to 3.4%. This is particularly evident in Sydney’s Inner Ring where rates increased from 2.4% to 3.4% suggesting tenants are experiencing a rise in availability across the metropolitan areas. In the Middle and Outer Rings rates dropped suggesting these areas are proving more…
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NEWS
The RBA cuts rates to 0.75 per cent
The Reserve Bank of Australia has cut official interest rates by 25 basis points to a record low of 0.75 per cent. Going into the meeting of the RBA, markets were predicting that there was a 79 per cent chance that there would be a rate cut at the October meeting. This year, the RBA has cut rates three times,…
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NEWS
REINSW calls for short-term rental reform
The Real Estate Institute of NSW has called for more reforms to Australian’s billion-dollar short-term rental accommodation industry, saying it has been unregulated for too long and the lack of policy left hosts and guests exposed. After years of operating with little oversight, in 2018 the NSW Government passed legislation to begin the process of regulating the short-term rental accommodation…
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INDUSTRY NEWS
Property services industry moves forward with electronic signatures
It will soon be possible to sign and witness documents, including contracts like residential agreements, electronically in a huge step forward for the property services industry, according to the Real Estate Institute of NSW. Currently, the Electronic Transactions Regulation 2017 (NSW) prevents the electronic witnessing of documents. If passed without amendment, the Conveyancing Legislation Amendment Bill 2018 (NSW) will enable…
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INDUSTRY NEWS
Brett Hunter to take helm of REINSW in November 2019
The Real Estate Institute of New South Wales has elected Brett Hunter as President-Elect of the industry body, effective November 2018 for a one-year term. REINSW CEO Tim McKibbin said the appointment of Brett Hunter as President-Elect will ensure a smooth transition when REINSW President Leanne Pilkington steps down in 12 months time. “Brett has contributed to the direction and…
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INDUSTRY NEWS
“Legislative and regulatory disaster”: REINSW hits out at NSW Fair Trading
With a public letter of resignation, the Real Estate Institute of New South Wales has resigned from the Real Estate Reference Group and their position of providing real estate consultancy services to NSW Fair Trading. “Throughout the term of RERG, NSW Fair Trading has exhibited a demonstrable obedience to misguided philosophical views which have impeded, or entirely restrained, many beneficial…
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INDUSTRY NEWS
Laing+Simmons’ Leanne Pilkington announced as new REINSW president
The Real Estate Institute of New South Wales has elected Leanne Pilkington as President of the industry body, effective immediately for a two-year term. REINSW CEO Tim McKibbin said Ms Pilkington’s major strength was her ability to connect with people right across the industry. “Leanne’s charismatic style and strong leadership skills will see her focus on our lobbying efforts,” Mr…
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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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NEWS
Meet the AREAs judges: a who’s who of property & media
With the countdown on, REA Group is pleased to announce the first 15 judges of the Annual REA Excellence Awards. Coming from the media, property, data, technology and not-for-profit sectors, the first judges to be announced are some of the most respected and experienced in their professions: Ange Ferguson, Group Managing Director, Asia Pacific at ThoughtWorks Chris Gray, leading investment…
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Elite Agent
Electronic Signatures: Dragging the Disruption Chain
Electronic signatures remain an important part of the disruption chain and from what we are seeing accomplished in foreign markets, like the U.S., the capability to sign real estate documentation across distance and time zones, at speed, represents significant economies and efficiencies for the property industry. Australia -wide, the validity of electronic signatures remains foggy for many agents. Whilst pregnant…
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NEWS
State-by-State Round Up: Electronic Signatures, January 2017
The current waters are still a little murky in relation to the use of electronic signatures. According to white papers released by CoreLogic on the use of DocuSign, an electronic signatures software product, electronic signatures are legal in most Australian Jurisdictions. Rundl, powered by progressive law firm LawLab, already have clients transacting with electronic signatures across many of the Australian…
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