NSW Real Estate News
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Property Council of Australia asks NSW to balance sustainable housing design with affordability
The Property Council of Australia has cautiously welcomed changes to the recent Design and Place State Environmental Planning Policies (SEPP) Explanation of Intended Effect (EIE) report, but notes sustainability must be balanced with affordability.
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Apartment dwellers set to face confusion as mandatory mask rule kicks in
New rules regarding the mandatory wearing of masks inside apartment blocks are set to cause widespread confusion unless out of date government information is updated according to a leading strata law expert. From this week it is now mandatory for anyone indoors on residential strata common property in Greater Sydney to wear a mask. If they fail to comply they will…
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Property Council of Australia welcomes NSW support packages worth $9 billion
The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week.
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What the updated lockdown restrictions mean for NSW real estate agents
The updated New South Wales (NSW) coronavirus restrictions are tricky for anybody to navigate. It's even more difficult for real estate agents who are trying to maintain business.
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What social media really thinks of Luxe Listings Sydney
Luxe Listings Sydney aired on Amazon Prime last Friday and the internet is blowing up about the Australian-based reality TV series. While some felt it was following a format seen too many times before, many viewers flocked to social media to share their love for the show. “Luxe Listings Sydney is SO good. I was not expecting this. It’s like…
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Congratulations to the REINSW 2020 Awards for Excellence finalists
The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.
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Rita Yousef: When is the landlord liable?
If a visitor is injured at a rental property is it the landlord, tenant or property manager that’s liable? Personal injury specialist Rita Yousef examines the most common risks and explains what a landlord’s duty of care is. Landlords of residential premises in NSW owe a duty of care to all visitors to their property. The duty is to take…
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Laing+Simmons Double Bay celebrates 40th birthday
The award-winning Laing+Simmons Double Bay opened for business on 1 July 1981 under the guidance of a young Bart Doff. Mr Doff had been working in the Laing+Simmons Potts Point business for about 18 months when the opportunity arose to take the reins of the new Double Bay office. He took the opportunity, success followed, and the rest is history.…
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NSW Budget isn’t giving back to housing after stamp duty boom
The billion-dollar stamp duty surge generated by pandemic stimulus will see the New South Wales (NSW) Budget return to surplus sooner than expected. But the windfall isn’t being directed into urgently solving NSW’s social and affordable housing crisis. The Australian Institute of Architects NSW Chapter President Laura Cockburn expressed her disappointment with the lack of attention to the housing crisis.…
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Industry icon Tony Abboud and his team join The Agency
The Agency has welcomed the news renowned Sydney agent Tony Abboud and his team are set to join the growing brand. With 41 years experience in the industry as a successful business owner, property consultant, trainer and mentor, Mr Abboud is considered a true industry legend, The Agency explained. Mr Abboud’s Snowden Parkes brand has been a dominant force in…
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McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular regional area of NSW. McGrath Lower Blue Mountains will be…
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New Laing+Simmons office opening in Sydney’s Rooty Hill
Laing+Simmons Mount Druitt have set up shop in the Western Sydney suburb of Rooty Hill. Headed by Jack and Basel Nahas, the new office will service the growing Rooty Hill, Eastern Creek, Plumpton and surrounding areas. It is set to offer a full suite of real estate services to the local community, including sales, property management, auction services, project marketing…
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Community housing in regional New South Wales has a 10 year waiting list
The Community Housing Industry Association NSW (CHIA NSW) is calling for urgent action to address the state’s social housing waiting list. There are more than 50,000 households waiting for up to 10 years or more for safe, secure and affordable community housing. CHIA NSW has warned that households on the social housing waitlist are paying unaffordable private market rents, couch-surfing…
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137 fines issued as NSW Fair Trading targets real estate compliance
NSW Fair Trading has been out in force in recent weeks, making sure agents are complying with legislation put in place to protect consumers.
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Two Australian cities listed in the top five for entrepreneurial success
Sydney and Melbourne have been highlighted as two of the best cities in the world for aspiring entrepreneurs to start their own business.
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Strong quartet to lead Raine & Horne Commercial on Central Coast
Raine & Horne Commercial, has enlisted four local real estate specialists agreeing to head up its brand on the NSW Central Coast. The local quartet of Geoff Tilden, Brad Rogers, Sue Tilden and Naomi Rogers will lead Raine & Horne Commercial’s Central Coast operations. Mr Tilden, who started his real estate career in commercial and industrial property sales in Sydney in the 1980s, is…
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Century 21 Masterpiece owners expand reach with Zetland office
Sydney’s Century 21 Masterpiece has announced its expansion, with the team adding a Zetland office to its existing location at Lane Cove.
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Sydney property values tipped to rise by more than 20 per cent
House prices in Sydney are forecast to rise by an unprecedented 21 per cent in 2021, with a range of economists and industry experts also tipping the cash rate will remain on hold when the Reserve Bank Board meets on June 1.
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City of Sydney to include energy targets in new development applications
The City of Sydney has announced an Australia-first plan to include energy targets in development applications in a bid to make new buildings more energy-efficient and support the transition to net-zero emissions.
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Ray White TRG sets new group precedent
It's official. Ray White TRG has reached a new milestone.
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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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Peeved buyers demand pet-friendly apartments
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels.
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Sydney home achieves almost $1m price gain in nine months
In further evidence of the Sydney property market’s resurgence, a dilapidated three-bedroom home 14km from the CBD has achieved a price gain of almost $1 million in nine months.
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Century 21 opens five new offices in five weeks
Century 21 has experienced strong growth in Australia and New Zealand so far in 2021, with the network opening five new offices in the past five weeks.
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Ray White NSW appoints Mahan Shishineh as state’s Regional General Manager
With growth in the regions continuing apace, Ray White New South Wales have welcomed Mahan Shishineh to the newly created position of Regional General Manager for the state.
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Capital works funding injection a shot in the arm for NSW social housing
The Community Housing Industry Association NSW has welcomed the Berejiklian Government’s announcement of $40 million in stimulus funding to upgrade social housing in the state.
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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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Time to shine for Byron and Mudgee as First National NSW announces 2020 GEM winners
First National Real Estate’s New South Wales agents have been recognised for their achievements, with the network holding its 2020 General Excellence and Marketing (GEM) Awards at Hyatt Regency Sydney on Saturday night.
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Sydney property values reach new record high
Sydney property prices have hit a new record high, with CoreLogic reporting today that values have recovered to exceed their earlier 2017 peak.
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NSW Court of Appeal restraint of trade case judgment offers lessons for employees and employers
The NSW Court of Appeal handed down its long-awaited judgment in the Agha v Devine Real Estate on Tuesday, upholding its decision against former shareholder and Director of Roger Agha - save for a reduction of the area of restraint of trade.
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Professionals’ new Shell Coast office set for growth
The Professionals network is expanding into the waterside haven of Oak Flats in the NSW South Coast's southern Illawarra region, with a new office headed by experienced local agent Phil Muller.
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Growth catalyst for new McGrath team
McGrath Parramatta has expanded its operation adding the previously company-owned Blacktown business to its franchise group and operating the two offices as McGrath West Group. Led by Kon Stathopoulos, the business has strategically aligned itself with key talent in Sydney’s Greater Western region with Joel Hollings and Amit Nayak joining as partners in the new business structure. The announcement follows…
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Kim Gregory takes the reins as new President of Property Council’s NSW division
The NSW Division of the Property Council has elected a new President, with Kim Gregory, Investa Property Group’s Fund Manager, Mandates, taking the reins for the next two years following the Division’s Annual General Meeting.
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Call for half of NSW social housing to be provided by not-for-profit providers
The Community Housing Industry Association NSW says 50 per cent of social housing investment should be delivered by not-for-profit community housing providers in order to meet surging demand and deliver as many new homes as possible.
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Double Bay and Bondi Beach office reigns at Raine & Horne NSW State Awards
Raine & Horne held its annual NSW State Awards on Friday night, with the network’s Double Bay/Bondi Beach office retaining its crown as the brand’s best office in the state for the 20th year in a row.
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