NSW Real Estate News
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Eastern markets coast to record January highs
Across January 2021, The Agency’s east coast operation experienced a 94 per cent uplift in listings and the network overall achieved an 80 per cent increase in sales turnover compared to the same time last year.
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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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Agents set course for the Hills district
Co-Directors Ismail Ates and Marvin Dayupay have announced the opening of a new office in the Hills district of Sydney.
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Young gun agent sells $30 million in stratospheric seven weeks
In a fantastic run, real estate young gun Dion Markovics of Raine & Horne Double Bay has sold $30 million worth of property in seven weeks.
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Parramatta agency wins over top Canadian agent
Kunal Arya was a top agent with RE/MAX Bridge City Realty when a desire to move his family to a warmer climate and relaxed outdoor lifestyle saw him make the move to Australia. Mr Ayra had worked as a professional agronomist in the Saskatchewan province before completing his Masters in Engineering (M.Eng Agricultural Engineering) at the University of Southern Queensland …
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Confusion surrounds whether pets are allowed in NSW apartments
The recent decision preventing Owners Corporations from blanket bans on pets in New South Wales apartment buildings, meaning all unit owners can keep pets in their homes, was seen as a big win for animal lovers. But according to the Real Estate Institute of NSW (REINSW), it has also fuelled…
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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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REINSW has big plans for the state’s strata schemes
REINSW's Strata Management Chapter Committee has outlined a number of changes they would like to see made to the current management and regulation of strata schemes.
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Seven-day sales spree sees Sydney buyers hit the Southern Highlands
The Agency’s Southern Highlands team had an extremely impressive start to November, selling $15.5 million worth of property across nine transactions.
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Inner-Sydney vacancy rate at an all-time high
REINSW has released its Vacancy Rate Survey results for October, which show vacancies across Sydney continue to rise, with the Inner Ring hitting an all-time high.
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Claudio Encina announces ‘Deep Live Intensive’ with a 2020 twist
December 1 is the first day of summer, and what better way to celebrate the start of the season than with a cold plunge into icy water?
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Outback NSW blocks sell for $1 at auction
Eighty properties dotted across far-west of regional NSW went under the hammer last weekend, with some landlocked blocks selling for a dollar. The property was situated in Broken Hill, Ivanhoe, and Wilcannia, among other areas. Prices spanned from $35,000 -- for a house and land package in Wilcannia, to one…
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‘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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REINSW crowns its 2020 award winners
The Real Estate Institute of New South Wales has recognised outstanding achievements, crowning the winners of its 2020 REINSW Awards for Excellence. Now into its third decade, the REINSW Awards for Excellence is the most prestigious and respected industry awards event in New South Wales, recognising the best, bravest and brightest work across the real estate industry. REINSW President Leanne…
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HIA wins SafeWork NSW award for pandemic initiatives
The Housing Industry Association has been announced as the winner of the 2020 SafeWork NSW Awards for "outstanding work health and safety support to members in the changed working environment due to COVID-19." The 2020 SafeWork NSW Awards recognise excellence and innovation in work, health and safety response to COVID-19,…
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Cullen and Royle partner in new boutique property agency
Deborah Cullen has a background in prestige residential property, and Richard Royle is an expert is in rural assets.
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The Southern Highlands set to showcase agent’s new brand
Eview Group's momentum continues throughout their most successful year of expansion, as they set their sights on the Southern Highlands, launching an unapologetically bold and savvy new brand.
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RE/MAX team adds sales and leasing specialist in key role
Business Development Manager Richard Masigan wasted no time when he joined RE/MAX Xtra in Parramatta on July 1 this year; he grew a rent roll of 68 to 93 in the September quarter. “My goal is to have 140 on the rent roll by the end of 2020 and at that point we’ll be growing the property management team,” said…
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Both NSW and QLD need to revitalise their CBDs
The latest results from the ANZ/Property Council Survey show that, while confidence levels in the real estate industry have risen in both Queensland and New South Wales, ghostly city centres in both states are continuing to cause concern.
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Ray White launches new specialty division
Ray White has broadened its service offering with the launch of a new division. Sydney-based business division, ‘Ray White Commercial Asian Investment Services’ (known as ‘Ray White AIS), is a new initiative from the team at Ray White Commercial Western Sydney. It was borne out of a need to provide a fully integrated commercial property advisory service for Sydney’s Asian investors.…
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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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Cooley Auction Rooms rebranded as Homely Auction House
Homely.com.au has signed on to sponsor Cooley Auctions’ esteemed Double Bay auction rooms, rebranding the space as the Homely Auction House.
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Epic Bondi auction fields over 200 bids
The reserve price on a four-storey, five-bedroom house on Moore St in Bondi was set at $3.6 million.
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Byron Bay price record smashed again
A sprawling property on Wategos Beach was on the market for less than a week before breaking the area's price record, netting a price just shy of $22 million.
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The Agency Thirroul reduce their footprint and support community
The global pandemic has changed all of our lives, how we work, how we live and where we live. Covid-19 has sped up the transition from traditional office-bound jobs to the majority of people working from home and…
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NSW Fair Trading issues clarification on mandatory COVID-19 Safety Plans
We have republished their article below, with the clarifications made by Fair Trading in bold.
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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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Surge in premium sales across the Sydney’s Lower North Shore
There is little doubt we are in unchartered waters when it comes to the current property market performance and the Covid-19 pandemic. Currently, the Lower North Shore of Sydney is experiencing a surge in premium sales; it is not only strong, but firing. The Agency’s local team has achieved over $42 million worth of sales, across seven transactions in just…
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Queensland’s border may open to Sydneysiders in under a fortnight
More hopeful border news, following on from the pending reopening of South Australia to all NSW residents, and the softening of Queensland's restrictions to allow 41 postcodes near the border to cross freely. The Queensland…
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HIA welcomes relaxed Qld border restrictions
Thousands of builders and tradies working either side of the NSW/QLD border will breathe a sigh of relief today.
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Application date extended for land tax relief scheme
NSW landlords who reduced their tenant’s rent due to COVID-19 can still apply for the NSW Government’s land tax relief, with the submission date now extended until December 31. Relief is available to commercial or residential landlords whose tenants can prove financial distress due to COVID-19, and who have reduced their tenant’s rent for any period between 1 April, 2020…
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COVID-19 Safety Plans now mandatory for NSW open homes and auctions
COVID-19 Safety Plans are now mandatory for open homes and auctions.
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Jason Roach heads up The Agency Upper North Shore
Former banker and lead agent Jason Roach is joining The Agency.
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Josh Logan-Pye wins 2020 REINSW Novice Auctioneers Competition
Josh Logan- Pye beat out more than 25 novice auctioneers last night to take out the 2020 REINSW Novice Auctioneers Competition champion. “I’m blown away to be crowned NAC Champion,” says Logan-Pye. “I decided to…
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Sydney vacancy rates down for first time since COVID-19 hit
It might be too early to say for sure, but the REINSW Vacancy Rate Survey results for August 2020 suggest that the worst may be over. Vacancies across Sydney overall decreased for the first time in August, after five consecutive months of increases, and now sit at 3.7 per cent – a drop of 1.3 per cent from July. Similarly,…
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