NSW Real Estate News
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Auction smashes 2017 residential record
IN front of their packed auction room, the unstoppable Ray White Double Bay and CBRE have just sold an entire block of apartments in one line for $33.250 million to a local property investor to achieve the largest single residential auction sale of 2017. Amid rapid-fire bidding, it was standing room only at the Ray White Double Bay auction room…
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A new force in the Kiama and Gerringong real estate market
Terry Digger and Jason Stalgis, the Principals behind the successful First National agency in Gerringong, are excited to lead the new Coast & Country business. Mr Digger said, “Our focus is to deliver a whole new level of expertise across the coastal and rural property sector; combining top results, outstanding customer service with an enhanced support network.” Mr Stalgis added, “Combining the…
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Laing+Simmons’ Leanne Pilkington announced as new REINSW president
The Real Estate Institute of New South Wales has elected Leanne Pilkington as President of the industry body, effective immediately for a two-year term. REINSW CEO Tim McKibbin said Ms Pilkington’s major strength was her ability to connect with people right across the industry. “Leanne’s charismatic style and strong leadership skills will see her focus on our lobbying efforts,” Mr…
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Unique mystery shopping concept introduced by REISA to validate excellence awards submissions
REISA CEO Greg Troughton is a fan of Edward R Murrow, the famous American journalist, who once said “we cannot make good news out of bad practice”. The recent REISA Awards for Excellence introduced a new concept – the mystery shopper. This is because, as Troughton says, you can’t hand someone an award based on a written submission if the…
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Di Jones makes historic Beecroft Post Office their new home
The historic Beecroft Post Office has been given a new lease on life, with Di Jones Real Estate set to open the doors to its new home on Saturday, 2 December 2017. Di Jones CEO Rob Ward said the BPO has always been a meeting place for the local community and the team at Di Jones want this to continue. “The…
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Top Cammeray Independent Joins Ray White Lower North Shore
After 20 years in business, the highly regarded Ferguson Property Agents in Cammeray is merging with Ray White Lower North Shore to continue to grow and service the needs of their local community. Justin Ferguson and his wife Sally have been operating in Cammeray for 20 years and will rebrand their office to Ray White Ferguson (Cammeray) in February. Mr…
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Di Jones thrives as employer of choice
Recently recognised with the REINSW Award for Excellence for Real Estate Agency – Large, Di Jones has experienced a period of strong growth over the past 18 months under the leadership of Rob Ward. Flexible working hours, remote working and agent rewards lie at the core of Di Jones’ success, according to Mr Ward. “We have a strong focus on…
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Sunshine brings higher auction prices: UTS
“There is a link between sentiment, or mood, as measured by consumer sentiment surveys, and asset prices – including house prices,” says Dr Adrian Lee, Senior Lecturer in Finance at UTS Business School. “Weather is known to affect mood, and some studies have shown a link between the weather and stock prices, so we decided to look at weather and house…
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Doug Driscoll reveals his 2018 Sydney suburb hotspot predictions
Douglas Driscoll, CEO of Starr Partners has announced his top 10 Sydney suburbs to watch in the upcoming year. 1. Leppington Leppington has seen significant housing development after re-zoning and is very family-centric. With Coles and Woolworths moving in this year, I think we can expect to see this area go from strength to strength. The new NSW rail changes coming into…
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Century 21 Eastern Suburbs Offices unite in a pink cause
Century 21 offices in Sydney’s eastern suburbs will be holding a super auction night on the 8th November at Clovelly Surf Club, with a donation from all properties sold on the night to be contributed to the Cancer Council’s Pink Ribbon campaign. For the first time ever, the Maroubra, Bondi Junction, Randwick and Rose Bay offices are joining forces to…
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Stone Real Estate opens Toukley office
Stone Real Estate has moved north of Sydney to the Central Coast with the opening of its fourth office in as many months. This latest office is at Toukley, headed by Ron Coleman. Mr Coleman (previously of Ron Coleman Real Estate) brings 20 years of local market experience to the Stone brand. Mr Coleman said his decision to join Stone…
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Di Jones Appoints Customer Service Specialist
Di Jones Real Estate has appointed Patrick Distapan to the newly created role of Customer Relationship Manager. Di Jones CEO Rob Ward said the role was an important step in ensuring that client’s needs across all aspects of the business, including buying and leasing, are being met. “Patrick will take the time to discover each client’s specific situation and will…
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Buyer’s agency Cohen Handler launches education program
The Buyer’s Agent Institute is a five week education program aimed at providing the right information to those who wish to understand what it takes to become a buyer’s agent. Ben Handler, CEO and co-founder of Cohen Handler, says the idea stemmed from the flood of questions and queries Cohen Handler received about the industry, and a lack of sufficient information…
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Is this Australia’s most expensive house?
Ray White Double Bay Director Craig Pontey expects the 3731sq m estate at 38B The Crescent, Vaucluse will set a new national record for its sheer scale and enviable deep waterfront access, tennis court, palatial home and jetty. Mr C K Ow, Chairman and Chief Executive Officer of Stamford Land Corporation Limited which owns and manages luxury hotels, commercial buildings…
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RE/Max expands in Sydney’s West
RE/MAX Australia continues its commitment to New South Wales expansion, and the Sydney market in particular, with the opening of a second office for RE/MAX K1. Broker-owner David Kim returns to Eastwood where the experienced real estate agent is a familiar face. Mr Kim, whose real estate career spans two decades, launched RE/MAX K1 in Lidcombe earlier this year and,…
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REINSW recognises top performers for 2017
Real estate’s outstanding performers have been recognised at the 2017 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said in its 20th year the award winners highlight the professional standards that the real estate industry is striving for. “The winners across 20 categories are paving the way as our commitment to professionalism…
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Evolve Housing launches “for purpose” real estate agency
Evolve Housing, one of the largest not-for-profit national Community Housing Providers in Australia, has launched a new for purpose real estate agency called Echo Realty, a new division designed with a difference to serve the growing demand for affordable housing solutions in NSW. Speaking at the official launch this week, Member for Parramatta, Dr Geoff Lee MP, said, “Affordable housing…
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Raine and Horne Wetherill Park donate $18,000 to charity
The auction of the modern four-bedroom house at 5 Helena Road, Cecil Hills sold for $900,000 and $18,000 was donated to Bear Cottage. It was a cause close to the hearts of many in the Raine and Horne Wetherill Park office. “We have a contractor who was part of the Bear Cottage family, which is to say his son was…
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Di Jones adopts Pound Paws
Di Jones CEO Rob Ward said the aim of Pound Paws is to encourage the public to adopt puppies online and discourage backyard breeders that contribute to the oversupply of dogs and cats in Australia. “A visit from Wookie, a Lhasa Apso crossed with a Maltese and Jalepeno, a Kelpie cross, meant it was an exciting morning for our Di…
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Stephen Bock re-joins McGrath to cover the Northern Beaches of NSW
McGrath Estate Agents today announced Stephen Bock has joined its company owned sales team on Sydney’s northern beaches, specialising in the key suburbs of Manly, Fairlight, Balgowlah, Balgowlah Heights and Forestville. Mr Bock brings with him more than 18 years of sales experience and has sold close to $1 billion dollars in real estate over his career. He returns to…
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Historic Millers Point Workers Dwellings sold for $26M by McGrath
McGrath Edgecliff agent Peter Starr said interest in the buildings was strong. “Throughout the campaign 141 groups inquired on either the whole block or the four separate parts. After six weeks of marketing, ten parties made formal bids which proved the process to be both competitive and very satisfying. The result demonstrates the ongoing confidence in the future of Millers…
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Maatouks Realty rebrands to Raine & Horne Narellan
Lawyer and entrepreneur Peter Maatouk has launched Raine & Horne Narellan in the heart of Sydney’s Macarthur region. Mr Maatouk, who is the principal of Maatouks Law Group that has offices in Narellan, Liverpool, and Penrith, has been delivering general practice and property law services since 1993. The firm launched a mortgaging broking business in 2000 and Maatouks Realty in 2007. “As…
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The Laing family move to The Agency after 23 years with Raine & Horne
The Laing family has been in real estate for 59 years, trading as Raine & Horne for 23 years. The offices in Bondi Junction and Coogee/Clovelly will be rebranded as The Agency. “When the opportunity arose to join The Agency, it was an extremely difficult decision to make for Geoff, Michael and I, considering our long-term personal and business relationships,”…
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Vacancy rates rise in Sydney for second month in a row: REINSW
Vacancy rates across Sydney rose for the second month in a row despite declines in Inner and Outer Sydney, according to the Real Estate Institute of New South Wales. REINSW Deputy President Leanne Pilkington said the August 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area rise 0.1 percentage points at 2.0 per cent. “It was a…
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Belle Property opens office in Port Macquarie
Sue was inducted into the Port Macquarie Chamber of Commerce Hall of Fame in 2017 after winning the real estate business award category for four consecutive years under her former brand. She said the decision to join Belle Property was driven by her growth ambitions. “We’re looking to grow our residential sales team and capture more out of area buyers…
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Ray White NSW Celebrates its Best
More than 1200 real estate agents and guests arrived at the International Convention Centre in Sydney to celebrate their achievements at the annual Ray White New South Wales state awards last night. Ray White Double Bay had a successful night at the awards, picking up number one city office in settled commission while its elite agent Gavin Rubinstein took out…
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One agent, $50 million in sales, 19 days
Rubinstein has just sold close to $50 million worth of real estate in only 19 days – that’s over $2.5 million a day for that period. This is in contrast to what many commentators are reporting of a slowing market and low house sales, each of the nine sales was a bullish result individually. Rubinstein continues to find motivated buyers…
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Brisbane, Gold Coast and Sunshine Coast remain Queensland’s powerhouse markets
The latest REIQ Queensland Market Monitor reporting on the June Quarter median price shows that the Brisbane LGA median house price grew 3.6 per cent in the 12 months to June, to reach a new high of $655,000. The Gold Coast grew 6.8 per cent over the 12 months to June, reaching an annual median house price of $595,000. The…
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Sarah Burke joins Di Jones Southern Highlands
With a 20-year career in real estate, Sarah has developed an intimate understanding of the real estate process from end to end. She started as a receptionist in 1997 and has since worked for Belle Mosman, Manly and Bowral offices across various facets of the business including marketing, property management and as an assistant. “I’ve watched the brand presence Di…
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Keith Newberry joins Stone Real Estate Belrose
The franchise reports that Mr Newberry currently holds Forestville’s highest priced residential sale $2.68 Million. They also claim he has previously achieved the highest priced sale records for Belrose ($2.65 million in March 2017) and Davidson as well as the second highest residential sale price in Frenchs Forest ($2.35 million). He has also sold over 300 properties in the Forest and Northern Beaches…
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BresicWhitney named in Top 50 Places to Work
BresicWhitney was born in 2003 from the vision of founders Ivan Bresic and Shannan Whitney to create an agency that led change and transformed the real estate experience for consumers and its employees. With a belief in collective leadership and a willingness to not only embrace but to create and lead change, the firm has just been named in Australia’s…
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Di Jones inaugural annual market report says Sydney market still strong
The data is produced in partnership with CoreLogic and shows Sydney’s median dwelling price has increased 12.2 per cent over the past 12 months (July 2016-June 2017) and it was the fifth successive year in which dwelling values rose. “However the final quarter in this 12-month period saw only a slight increase in dwelling values, up by 0.8 per cent,…
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Raine & Horne predicts strong spring selling season for NSW regional markets
Angus Raine, Executive Chairman of Raine & Horne, said these towns offer lower house prices and better rental returns than Sydney properties. “The much-hyped growth in Sydney’s median dwelling price – which has risen almost 16% in the last 12 months to $856,000 – is driving demand for property in some of NSW’s major regional cities,” Mr Raine said. “Towns…
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John McGrath says no chance of a 40% correction in Sydney market
“The Sydney market is most of the way through its sales cycle and very near the top of its cycle. My view is there is no bubble and no chance of a 40% correction.” said Mr McGrath “The market continues to have strong drivers including deep demand, populations growth, overseas investment and low interest rates. There is a possibility of a small…
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Inner West market leader Luke Bellero joins The Agency
With more than 20 years of experience, Luke Bellero has worked with a number of major brands, including LJ Hooker and McGrath Estate Agents. And though he says it’s a big move, Luke Bellero is confident about the team and the brand he is joining. “The Agency, in my opinion, just have it all right! It’s bold, modern and fun…
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