NSW Real Estate News
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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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Bay of plenty of interest with Central Coast’s 2261 postcode booming in 2021
Killarney Vale on the NSW Central Coast is attracting hordes of Sydney buyers every weekend to open for inspections, as are nearby Blue Bay and Toowoon Bay.
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Zac Theobald returns to fold at Raine & Horne for NSW Network manager role
Zac Theobald, one of Australia's youngest-ever real estate principals, has returned to Raine & Horne to take up a role as a Network Managers in NSW.
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RE/MAX KRG negotiates deal to recruit Canada Bay agent Dean Kalos to Concord office
RE/MAX KRG has secured the services of one of the most respected and well-known real estate identities in Sydney’s Inner West for its team as the market picks up pace in 2021.
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Scarcity tipped to be a boon for Sydney market in 2021
Sydney’s property market has not only defied some of the dire predictions being talked about at the start of the pandemic, it has exceeded expectations, with many forecasting double-digit growth this year.
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Property Council welcomes NSW build-to-rent changes
The commencement of changes designed to implement a fit-for-purpose planning and tax regime to get build-to-rent housing off the ground in NSW have been welcomed by the Property Council of Australia today.
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Hockingstuart crosses the border with Nowra office
Since launching more than 35 years ago, Hockingstuart has established itself as a strong force in the Victorian property market and the agency has just announced its expansion into NSW, opening an office in Nowra.
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RE/MAX agent continues stellar run in Bungarribee
The popularity of the tightly held Western Sydney estate of Bungarribee has surged so far in 2021, with RE/MAX agent Billy Markovski selling four properties by the end of January, one of which was a suburb record.
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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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