NSW Real Estate News
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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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Starr Partners opens office in Sydney’s North West
As Sydney's Hills District continues to grow with the development of major residential and commercial precincts, Australia's leading boutique real estate group, Starr Partners, opened a new office in North Kellyville on the weekend. The Starr Partners office, located at 13/21 Hezlett Road, North Kellyville, was opened by Raj Bhandari, who previously managed the Starr Partners' Fairfield…
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Coco Cui Roskam joins Ray White
Coco Cui Roskam, one of the highest performing agents on the Upper North Shore of Sydney has joined Ray White. Led by Greg Windel, David Walker and Matt Bolin, Ms Roskam will join the award-winning team at Ray White Upper North Shore. Ms Roskam has a wealth of experience in St Ives and the surrounding…
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Award-winning agent to lead Belle Property Byron Bay/Lennox Head
Belle Property has announced the opening of Belle Property Byron Bay/Lennox Head under the leadership of well-regarded agent and principal, Braden Walters. Mr Walters is heavily involved in the Real Estate Institute of New South Wales (REINSW), becoming the youngest ever board member of the peak body, and was also named a finalist in REINSW’s Residential Agent of the Year.…
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NSW Southern Highlands agency joins First National
One of Mittagong's best-known boutique estate agencies, Abode Property, has joined Australia's largest network of independent agents, First National Real Estate, strengthening the network's market presence in the Southern Highlands in a step described as 'evolutionary' by dynamic principals, Anna and Allan Falvey. Trading as First National Real Estate Abode Property, the agency has ambitious…
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Raine & Horne wins Hunter local business awards
Raine & Horne Newcastle & Stockton was named the region's "Outstanding Real Estate Agency" as well as "Outstanding Real Estate Agency" in a dual celebration for principals Jason Maxwell, Steve Dick and Jason Morris, who have been business partners for over 20 years. Earlier this year, Raine & Horne Commercial Newcastle was named the global…
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Crown Group takes out industry awards for architecture and design
Australian developer Crown Group has won two prestigious industry awards for its iconic residential and hotel development, Arc by Crown Group in Clarence Street, Sydney. It took out the respected international award, The Architecture MasterPrize last week, as well as Australia's peak industry body's, the HIA's Best NSW Apartment Complex 2019, at a ceremony in Sydney on Saturday night. The Architecture…
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Hmlet opens biggest co-living property in Sydney
Australia's largest co-living company is opening its biggest property to date in Sydney's inner suburb of St Peters. With 82 rooms, Hmlet St Peters will open in November 2019 and will further expand Hmlet's reach to meet the needs of Australians and expats looking for new living alternatives in Sydney. Having successfully opened eight properties in Sydney since launching in Australia in January 2019, Hmlet has anchored its presence in Sydney's…
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Sales and auctioneer champion joins DiJONES
DiJONES have announced that real estate sales and auctioneer champion John Sullivan has merged his business, Sullivan Real Estate with DiJONES Lower North Shore. He will operate as a Sales Agent operating out of DiJONES Mosman. With more than 30 years of real estate and auction experience, both in Australia and the United States Mr…
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McGrath grows its Sydney northside footprint
McGrath Limited(ASX:MEA) today announced that top real estate professionals, Craig and Sharon Ireson would join McGrath located in Sydney’s Castle Cove region of the North Shore. CEO Geoff Lucas said that this was another important move for the company. “This illustrates our commitment to the continued expansion in such an important market. We regard the…
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RE/MAX U takes on Sydney
Two experienced real estate agents have joined RE/MAX to expand the global brand’s presence in the Sydney market. Cooper Wang and Sam Girgis are on the RE/MAX U team, a sales agent-focused framework that helps agents transition into business ownership. RE/MAX Australia Director Josh Davoren said RE/MAX U was a specialised unit within the network…
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A move that signals the new dawn for McGrath
McGrath Limited (ASX: MEA) has moved their Corporate Headquarters to a 1,745 sqm office space in Pyrmont, as an important pillar in its turnaround strategy. In line with this move, it has also rebased its sales and property management teams previously operating out of its former Edgecliff location to both Double Bay and Surry Hills.
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NSW: Short-term rentals and changes to regulations
The short-term accommodation market, including renting property through platforms like Airbnb and Stayz, has proved lucrative for many property owners in NSW. Sydney ranks as one of Airbnb’s top 10 cities for most properties on the platform and NSW accounts for about half of the $31.3 billion the short-term industry was estimated to be worth nation-wide in 2016. Changes to…
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New LJ Hooker office opens in the Southern Highlands
LJ Hooker has expanded its network in the Southern Highlands, with the opening of LJ Hooker Bowral. Experienced real estate specialist Sophie Desprez will head up the new office, which offers a full suite of real estate services across residential and rural properties including sales and property management. With 18 years’ experience in the real estate industry, including five in…
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Coffs Coast locals open new Century 21 office
New office locations don’t come much better than Moonee Beach which lies in the centre of Coffs Harbour’s northern beaches, on the north coast of New South Wales. New Principals Darcien Kean and Michael Hall are both long-time locals and excited to have celebrated the official opening of their C21 office. Mr Kean has over 10 years’ experience in the…
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Land tax makes a move to digital
Land tax is going digital in NSW, giving property owners the ability to manage their land tax online. NSW Fair Trading announced the move this week, which will allow property owners to opt-in to receive their future Notice of Assessment via email, as well as lodge a return, request an exemption or make any changes to property details. The system…
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Confidence steady for NSW property industry
The latest ANZ/Property Council Survey has shown NSW property industry confidence decreased slightly overall mainly due to concerns over worsening macroeconomic conditions and a reduction in forward work expectations. NSW property industry confidence has decreased 10 index points from 126 to 116 over the quarter and has fallen four index points over the 12 months…
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