NSW Real Estate News
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Thodey report recommends land tax, not stamp duty
NSW stamp duty should be replaced by land tax, according to a recommendation of the Thodey Report, which was released today. Instigated in 2019 by NSW Treasurer Dominic Perrottet and chaired by former Telstra Boss David Thodey, one of the draft report’s key recommendations is that broad-based land tax is more efficient and equitable than…
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Planning Development Unit a huge win for good growth in NSW
The Property Council of Australia has today welcomed the announcement from the NSW Government on the new Planning Delivery Unit (PDU) which will work with government agencies to unblock planning projects stuck in the system and streamline planning processes. “Today’s announcement is a significant win for the property and construction industry, and a positive step towards fixing the planning system…
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Independent real estate group BresicWhitney appoints Thomas McGlynn as part of the firm’s growth strategy
Renowned sales leader and auctioneer Thomas McGlynn has joined independent Sydney real estate group, BresicWhitney. The move comes as BresicWhitney continues to deliver on a staged growth strategy. “Coming out of the property market downturn of 2017 – 2019, we made a decision to reshape our operating model to better enable our business to respond to economic shifts,” BresicWhitney co-founder…
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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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Sotheby’s International Realty ready to offer their services to Byron Bay
Experienced agent Dominique Vasers Williams has joined Queensland Sotheby’s International Realty as the brand looks set to service the Byron Bay and Northern Rivers region. A consummate professional who notes real estate is in her blood, Ms Williams said the name Sotheby’s International Realty is associated with luxury, quality properties and service. When asked how long she has been in…
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Homebuilder and infrastructure help stimulate buyer activity
The recently announced HomeBuilder grant and major infrastructure projects are attracting committed buyers to entry-level markets in Australia’s capital cities, according to Raine & Horne. HomeBuilder provides eligible owner-occupiers, including first home buyers, with a grant of $25,000 to build a new home or substantially renovate an existing home. To be eligible for the grant, a couple must earn less than $200,000…
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Raine & Horne opens new office in Armidale
Raine & Horne has expanded its New England footprint, opening a new office in Armidale, led by experienced agent Nellie Hayes. Raine & Horne Armidale is an extension of the firm’s office in Glen Innes, which Ms Hayes opened in November 2018. “There was a brilliant opportunity to extend into new territory with the Raine & Horne brand, and I am…
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Laura Shooter of SJ Shooter Real Estate named Transform 2020 winner
SJ Real Estate Managing Director Laura Shooter has been named the winner of Elite Agent’s Transform challenge for 2020. Receiving the welcome news on Friday, Ms Shooter said was “very excited,” and “quite surprised” to take out the title over a field of 306 participants who completed this year’s 30-day virtual course. “I didn’t go…
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The Agency expands to NSW’s stunning Central West
The Agency has announced its expansion into the NSW Central West, with highly regarded local agent Monica Henley and business development manager Justine Campbell at the helm of the new operation. The Central West, with a focus on Dubbo, Orange, Bathurst and Mudgee, is home to many of Australia’s best-known growers and producers, along with a thriving mining industry. Investment…
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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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Small town agency delivers big promise
Personalised service and community spirit are the benchmarks of Soul Property Agents – the newest entrant to the Griffith market in New South Wales. Long-time locals Angelo Cirillo and Nathan Thomas said the time was ripe to create a business that would service a client base they understand all too well. “Our market place is family based – mums and…
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Luxury sales confirm confidence in Sydney’s property market
The Agency’s Sydney operation has shrugged off forecasts of an imminent housing slump, turning over three $10 million-plus sales in the past seven days. The recent transactions occurred on the Lower North Shore, Inner West and Inner East of Sydney and come off the back of a further three $10 million-plus sales transacted across the last seven days of last…
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McGrath’s new focus on project marketing post Covid-19
McGrath has announced it will bolster its project marketing division, McGrath Projects, after securing highly respected industry specialists, Colin Griffin and Murray Wood, who will join as Associate Directors. Announcing the appointments, McGrath CEO Geoff Lucas said he believed the time was right to focus on the re-emergence of the off-plan development sector post COVID-19 and saw excellent opportunities for…
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Prestigious real estate team joins The Agency’s Wollongong operation
The Wollongong property market is set for a shake-up, with industry veteran and highly respected Wollongong resident Sean O’Connor joining The Agency in the key regional market. Mr O’Connor – who is consistently ranked in the top 10 agents within his former real estate network and is considered a platinum level agent – brings his team along with him to…
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Crown Group breaks record selling three penthouses and $63M worth of apartments
Leading Australian property developer Crown Group has sold $63 million worth of luxury apartments and broken its own record by selling three penthouses in three months, despite government restrictions on visitors to display suites and open homes. Crown Group Director of Sales Prisca Edwards said now that restrictions have been lifted at its Mastery and Waterfall by Crown Group display suites…
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The Agency expands to Sydney’s south-west
Liverpool property specialists Eva Frketic and Ben Marovic are set to head up The Agency’s new operation in the heart of Sydney’s south-west. Dubbed Sydney’s ‘third city’, Liverpool is thriving and is one of the fastest-growing multi-cultural hubs in Australia, with the new $5.3 billion Western Sydney Airport due for operational completion by 2026 and a continuing population boom. The…
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Road map to recovery
It is critical at this time to ensure that you are taking all the measures to make sure your business survives the current health and economic crisis. Live Real Estate Accounts shares their insight into how this can be achieved. Ensure survivalFirstly you need to make the hard calls, reduce hours, stand down or let go of staff. Remain in…
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R&W expands its presence in the Southern Highlands
Richardson & Wrench has opened a new office in the Southern Highlands, marking an expansion into regions close to Sydney, which offer the benefits of both lifestyle and affordability. R& W notes the attraction factors that have made the Southern Highlands a perennial favourite amongst Sydney’s society set have been highlighted by the number of high-profile business and entertainment identities…
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The metropolitan property markets outperforming the pandemic
On the back of reduced housing stock, pent-up buyer demand and relatively stable housing prices, The Agency Group has seen promising turnover in the entry level categories and suburb records broken in the prestige sector. The Agency reports Sydney’s prestige Eastern Suburbs market has achieved some astounding results, with Ben Collier selling over $30 million worth of property over the…
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Fast tracking projects key to economic recovery
The Property Council of Australia has welcomed the NSW Government’s announcement of the first tranche of 24 fast-tracked projects providing nearly 9500 jobs, $7.5 billion worth of investment and 4400 new dwellings to drive the recovery of the NSW economy. The Property Council has been working closely with the NSW Government over the last few weeks to put forward key…
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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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How actor Sam Neill sold his Double Bay property online
Actor Sam Neill has sold his Double Bay property for an undisclosed amount believed to be over $3.6m to an Australian bidder currently in Hong Kong via online auction. The online marketing for the home was headlined “Vendor wants fast sale”. Selling agent Paul Ephron used the Openn Negotiation App to make that a reality for his client. After only…
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Ray White Manly’s 1000 courtesy calls to the area’s elderly
Ray White Manly has sought to ensure the local community knows there is always someone else on the end of the phone should they need it, undertaking more than 1000 courtesy calls to the elderly in their area. “We have a great relationship with our local MP, so my Sales Associate Jack Chadwick and I reached out to see if there…
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Airbnb on shaky ground amidst COVID-19 crackdown
Short-stay accommodation platform Airbnb continues to find itself in the firing line of social distancing measures which come on the back of new changes to strata laws in NSW being rolled out this week. Under the new coronavirus regulations, people should be staying at their own accommodation. Exemptions are in place for those who are required to use short-term accommodation…
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Jon Snead of The Agency: The value of unexpected kindness
As more and more COVID-19 social restrictions came into play, Jon Snead of The Agency Neutral Bay found himself increasingly preoccupied with ways he could help – not just as an agent but as a member of his community. Ultimately, he created ‘rescue packs’ comprising essential items for the vulnerable. Beautiful in its simplicity, it has gone viral as a…
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The Agency implements measures to protect jobs and ensure team retention
The Agency Group has announced a raft of business continuity measures to ensure staff retention during the current COVID-19 pandemic. Noting the measures had been welcomed by the vast majority of its staff, they said the initiatives would have no impact on group’s ability to deliver industry-leading real estate services to its clients, property agents, home buyers and sellers, landlords…
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NSW GEM Award winners announced
First National Real Estate’s NSW estate agents celebrated a year of success at their General Excellence and Marketing Awards on Saturday night. The awards recognised the outcomes achieved by the state’s agents throughout 2019, with top 10 individuals and offices now vying for National GEM Awards, which are announced in May.Agents reaching the national top 10 will be invited to…
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McGrath trials coronavirus safety plan
McGrath Limited is proactively trying out a safe working environment should the need for staff to work remotely arise in the wake coronavirus outbreak. While the real estate company hasn’t been impacted by the crisis internally, McGrath CEO Geoff Lucas said they want to proactively plan and test operating systems to ensure the business continues to run smoothly should the…
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Raine & Horne agent to take a belting for a good cause
A leading real estate agent from Sydney’s Eastern Suburbs will step into the boxing ring for the first time this month in a quest to raise $10,000 to support the fight against brain cancer. Patrick Cosgrove, associate director of Raine & Horne Double Bay, will take on his first amateur fight on Friday, 20 March at Paddington Woollahra RSL Club.…
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Adrian’s calling it for the kids
Whipping up a crowd is second nature for legendary Melbourne auctioneer Adrian Butera of Compton Green. With 4500 auctions under his belt, he knows a thing or two about the game and he’s addicted to the thrill of the bidding. Like any seasoned performer, however, he says there are shows and then there are shows. Right now, he’s warming his…
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DiJones bolsters North Shore with leading Lindfield agents
Highly experienced real estate agents Nahid Coventry and Daniel Blagg are set to join DiJones as partners, alongside a top performing team. DiJones Chief Executive Office Rob Ward said the appointment of Ms Coventry and Mr Blagg is consistent with a strategy to partner with high-calibre agents in the North Shore region. “We are passionate about identifying buyer migration patterns…
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Rare Northern Beaches home finally hits the market
A new exclusive luxury contemporary five-bedroom residence by renowned Newport designer Ian Bennett, located in a prime position within Sydney’s highly sought-after Northern Beaches, is being offered to the market for the first time. The three-level resort-style home at 67 Edgecliffe Boulevard in Collaroy, known as Eagle’s Nest, is being marketed through Knight Frank’s Prestige Residential Sales Deborah Cullen with…
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Adelaide Hills community rebuilding after the fire
Ray White Woodside owner Angus Campbell and his community in Adelaide Hills are just beginning the long journey to recovery after the devastating bushfires of recent months. If Mr Campbell’s name sounds familiar it is because he is the man behind the Beyond the Bricks campaign image of a smouldering tree looking out over a fire-ravaged landscape. When Mr Campbell took that…
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Ray White Young recruits specialist for new rural franchise
Ray White Young Principal David Coombes has recently recruited high-profile, agricultural specialist Rachelle Barnett to spearhead an expansion into rural sales. Previously a residential and commercially focused business, Mr Coombes opened a rural franchise this month, which he said would service the needs of the rural community surrounding Young and neighbouring towns – and he was thrilled to have Ms…
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Stamp duty labelled ‘government addiction’ as industry calls for reform
Calls for changes to stamp duty are starting to grow stronger after New South Wales Treasurer Dominic Perrottet put the federal government on notice to act on tax reforms. In a recently released report, an independent panel appointed by the NSW Treasurer looked at how NSW and the Commonwealth could work together to build a stronger economy. One of the…
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