NSW Real Estate News
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Ray White NSW comes together for Unite 2020
More than 450 Ray White Group members from across New South Wales descended on Sydney’s Ivy Hotel for Unite 2020. Hosted across capital cities by Australasia’s biggest real estate group, the Unite 2020 program provides a new and improved training format for salespeople and property managers. The sessions were designed to help its agents navigate and adapt to current market conditions. Ray White…
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The Agency’s new powerhouse female team on the Central Coast
With four decades of experience between them, The Agency’s new Central Coast team is a force to be reckoned with. Agents Tracy Stein, Bev Barendse and Paula Taylor launched just last week with The Agency and their joint operation reaches from Davistown all the way through to Terrigal. “We are privileged to have agents of Tracy Stein, Bev Barendse and…
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Disability housing provider secures $20 million in investment
After securing a $44 million cornerstone investment last year, one of Australia’s most innovative disability housing providers, Casa Capace, has secured a further $20 million in investment and has completed its first multi-dwelling houses, with residents moving in next month. Casa Capace is a registered and certified provider with the National Disability Insurance Scheme (NDIS). With six bedrooms across two…
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Rightsizing: the downsizing trend toward luxury apartment living
Demand for rightsizing – the downsizing lifestyle trend towards luxury apartment living – is strong in Australia, according to the latest research from Knight Frank. The Knight Frank Rightsizing – Australian Prime Residential Insight 2020 report found buyers are looking for low-maintenance properties, but with house-like proportions and great amenities. In essence, they are looking for luxury apartments with at least three…
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Gavin Rubinstein kicking goals at Ray White TRG
Ray White TRG founder Gavin Rubinstein has become the first agent to reach Chairman’s Elite status in the Ray White Australian residential network this financial year. The accolade is considered the highest level of sales recognition at Ray White based on settled commission and Sydney-based Mr Rubinstein noted it was partly due a positive start to 2020. “Stock is tight,…
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New agency set to deliver top rewards to sales agents
As the new year and a new decade kicks off, one real estate industry leader has seized the opportunity to reshape the real estate industry with the introduction of a new agency with a twist. Agency HQ – which allows sales agents to build their own real estate business without the usual financial risks and set-up hassles – is the…
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NSW tenancy reforms turn up heat for landlords and tenants
If you didn’t know already, the NSW Residential Tenancy Act and Regulations were updated and passed through parliament unopposed on 19 December, 2019. The new laws proposed by the State Government Innovation and Better Regulation office begin on 23 March, 2020, were aimed at providing an improved residential tenancy system. But will it achieve that? Only time will tell, but…
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Rod Fitzgerald joins DiJones corporate team
Industry-leading talent Rod Fitzgerald has joined DiJones in the corporate team as Director for Corporate Partnerships and Events in a move to capitalise off continued brand influence. DiJones Chief Executive Office Rob Ward said Mr Fitzgerald’s appointment would catapult DiJones into its own league of real estate service offering. “This appointment is inextricably linked to our strategy and belief that…
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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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NSW property reforms to increase agent qualifications
The NSW Government has announced a swag of new real estate and property industry reforms due to start on 23 March 2020, including increased qualifications for those entering the industry and ongoing training for established agents. The reforms also affect the licensing and qualifications of agents working in the real estate and property industry, and…
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McGrath shows confidence in South Coast market
McGrath Estate Agents will open two new franchise offices on the New South Wales South Coast in Mollymook and Ulladulla. Led by the area’s leading sales agent Andrea Tucker, the new offices are part of McGrath’s expansion along the eastern seaboard markets in NSW. McGrath Estate Agents Head of Franchise Christopher Mourd said McGrath Mollymook and Ulladulla will service the…
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DiJONES supports NSW regional towns in drought
DiJONES real estate has been driving economic stimulus in regional communities across NSW this Christmas, visiting more than 14 drought-affected towns, where they ate, shopped, stayed and delivered care packages. The company covered 3000km over three days as part of its Drought Drive, designed to support regional areas doing it tough in the worst drought in 116 years by spending…
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Professionals expands into booming Riverstone
The Professionals group has expanded its footprint in north-western Sydney after welcoming experienced real estate principal Stephen Trethowan to the agency network. Mr Trethowan, who had previously operated under the LJ Hooker banner, began trading as Professionals Homepoint Realty at Riverstone on 1 December. The seasoned real estate professional has been operating in the Riverstone area since 1990, giving him…
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Century 21 adds an office in Hoxton Park NSW
Century 21 has ended the year on a high, opening a new office in Hoxton Park, NSW. It comes only weeks after Camden, Gregory Hills and Harrington Park in NSW, and Woombye in Qld opened their doors under the C21 brand. Century 21 Partners, located in Hoxton Park NSW, is led by accomplished Principals Jamal Ishac and Mark Shlemon. Both…
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Sydney auction clearance spike positive for Gold Coast
The emerging recovery of Sydney’s property market is good news for the Gold Coast as it heads into the peak selling season, according to Ray White Surfers Paradise CEO Andrew Bell. With auction clearance rates in Sydney posting their best November results since 2016, Mr Bell said the Gold Coast is in line for its share of the gains at…
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Paul Denny takes reins at Raine & Horne Killarney Vale/Toowoon Bay
Central Coast real estate specialist Paul Denny has taken over as owner of Raine & Horne Killarney Vale/Toowoon Bay just as the local property market begins to break records. Mr Denny started in the real estate industry in 1983, beginning his career as a property manager in Bankstown. In the ensuing years, he has owned real estate businesses in Cronulla,…
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Top 10 Sydney suburbs to watch in 2020
1. KensingtonJust a stone’s throw away from the CBD and Centennial Park, and with the University of New South Wales on its doorstep, Kensington ticks all the boxes for buyers looking to live near the city and Sydney’s eastern beaches. The long-awaited light rail network, set to open this week, will see interest in the area grow exponentially. I believe…
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Sydney and Melbourne drive housing recovery
Australia’s two largest capital cities are leading a housing recovery, according to the Real Estate Institute of Australia. REIA Real Estate Market Facts for the September quarter 2019 said the weighted average median price for houses for the eight capital cities increased to $743,776. REIA President Adrian Kelly said the increase was driven by the larger property markets of Sydney…
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Century 21 Armstrong-Smith wins Brightest and Best award for second year
Century 21 Armstrong-Smith in Sydney’s eastern suburbs has been named their local area’s Brightest and Best real estate for the second year in a row. Against a formidable field of competitors, the Bondi Junction team was awarded the accolade in recognition of delivering exemplary results for clients. The award followed on from their rebrand and exclusive Pacific media partnership earlier…
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Santa Claus is coming to Newtown thanks to Raine & Horne
The Newtown community has a rare chance to meet Santa Claus this Saturday 7 December at Raine & Horne Newtown located on the famed King Street shopping strip. Raine & Horne Newtown Director Duncan Gordon said usually local families needed to find their way to the big shopping malls in Broadway, Marrickville and the CBD and queue up to talk…
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Leading Illawarra agent Jeremy Hodder joins McGrath’s team
Leading Illawarra agent Jeremy Hodder will join McGrath’s sales team in the company’s expansion in the Illawarra. Mr Hodder has been a real estate agent and auctioneer for 18 years – and his expertise are a valuable addition to the team, where he will also be a great mentor to emerging agents within the group. Some of Mr Hodder’s impressive…
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Lack of family homes driving prices skyward
An imbalance in supply of family homes to population growth is a major contributing factor to housing affordability challenges in Sydney and Melbourne. A 30 per cent reduction in dwelling commencements and dwelling approvals was predicted by RiskWise Property Research one year ago, with significant impact on both the broader economy and, particularly, GDP growth. RiskWise CEO Doron Peleg said lending restrictions,…
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Rose Farina joins McGrath as it boosts its presence in Northbridge
Prestige agent Rose Farina has joined McGrath, with the company acquiring her rent roll and business in Sydney’s Northbridge region of the Lower North Shore. CEO Geoff Lucas said attracting highly-respected agents is a strong indicator of continued influence of the McGrath brand. “Equally this expansion is consistent with our strategy to partner with high-calibre, well-regarded agents with a significant…
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A familiar face opens Ray White Rural Broken Hill
One of Broken Hill’s most recognised agents, Clifford Wren, has rebranded his business and will open the new Ray White office in town. With just over 20 years experience, Mr Wren said the opening of Ray White Rural Broken Hill was a natural progression as his business looks to continue its growth. Having previously owned Ray White Broken Hill from…
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R&W Starlight fundraising clocks more than $500k
There will be more laughs and Christmas wishes to go around this year as the Richardson & Wrench Spring Starlight campaign comes to a close, with donations to The Starlight Children’s Foundation reaching almost $589,000. Now in its 15th year, the R&W partnership with Starlight began in Sydney’s Eastern Suburbs and expanded across the network in 2012. Throughout the spring campaign,…
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DiJONES Drought Drive set to support regional communities
More than 100 people from DiJONES will convoy from Sydney through 14 regional NSW towns in the lead up to Christmas in support of drought-affected businesses and communities. Regional NSW is enduring the worst drought in 116 years, with the knock-on impacts of the agricultural sector’s hardship also rippling through regional towns where water supplies are dwindling, paddocks remain scorched…
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Agency set for new growth era in Orange
Seasoned real estate agents Pat and Michele Cutcliffe are gearing up for a new phase of growth in Orange under the Professionals banner. Professionals Orange opened on November 1 following a rebranding that agency principal Mr Cutcliffe said was aimed at better servicing the local property market which is being supported by the ongoing strength of the regional economy. “I…
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12 Sydney property market predictions for 2020
1. Property owners will continue to sit on their handsListings will continue to be at relatively low levels as a significant proportion of property owners will wait and ‘time the market’ until they are certain prices have peaked again. For this reason, Sydney property buyers might be rewarded with more stock at the end of 2020. Once this happens, prices will…
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The Paramount Group rebrands two offices to Century 21
Century 21 has welcomed The Paramount Group to its network with the rebranding of their Camden and Gregory Hills offices in the South-West region of Sydney. With more than 30 years of combined real estate experience, Principals Domenic Bonfiglio and Henry Fernandez, along with their dedicated team, will service clients in the Camden, Gregory Hills and surrounding suburbs under the…
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Property at forefront of NSW trillion-dollar future
The Property Council of Australia has backed the NSW 2040 Economic Blueprint released this week, which says creating liveable and connected cities is a key aspiration for the state. The landmark NSW 2040 Economic Blueprint: Investing in the State’s Future presents a 20-year economic vision for the state, predicting New South Wales will be the first trillion-dollar economy in Australia.…
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Call for government to raise price caps for first home buyers
On of the nation’s most awarded mortgage brokers is calling for the government to lift price caps on first home loan schemes, saying first-time buyers in Sydney and Melbourne might as well not waste their time. Zippy Financial Director and Principal Broker Louisa Sanghera said the property price caps in the First Home Loan Deposit Scheme were set so low…
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AI agent sells new luxury address in Western Sydney
The new Nepean Rise luxury apartment project in Jamistown, just moments from Penrith CBD, is being sold by Emma. Emma is the country’s most advanced virtual selling agent, with a depth of AI learning capacity drawn from a bigger data lake than any other real estate bot has ever been powered by. Laing+Simmons Projects, in…
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New owner takes over Ray White Braidwood
Mitchell Smithers has taken the reins of Ray White Braidwood after spending two years as a sales agent in the business. A born and bred local of nearby Araluen in the Southern Tablelands of NSW, Mr Smithers was thrilled to be taking the next step into business ownership and will continue to offer the same personalised service he has become…
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Cobden & Hayson strategic merger
Inner West agency Cobden & Hayson has announced an amalgamation with Richardson & Wrench Leichhardt under the company’s Annandale banner. The Sulfaro family has run the successful Richardson & Wrench business for more than 30 years and has built an incredibly strong reputation based on old school values, hard work and dedication to their craft. Cobden & Hayson is thrilled that the younger generation…
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Introducing Laing+Simmons Oatlands/Carlingford
One of western Sydney’s most experienced agents, Ray Fayad, has joined Daniel Mourad as co-principal of the newly opened Laing+Simmons Oatlands|Carlingford. Mr Fayad, long-term principal of the powerhouse Laing+Simmons Parramatta and Granville offices in western Sydney, said the new office would enhance the service offering to the team’s growing customer base in the area locals affectionately refer to as Kingsdene.…
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