NSW Real Estate News
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NSW strata law reforms come into effect: REINSW
Years of consultation and review have resulted with significant reforms to NSW strata laws commencing on 30 November 2016. REINSW President John Cunningham said over 90 new strata laws will make a difference to the lives of those living in New South Wales. “These reforms will benefit owners, tenants and property managers and bring the laws in line with current thinking,”…
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Sydney real estate boom drives R&W Hunter expansion
The surge of Sydney buyers forced out of Sydney in the hunt for value and affordability is changing the face of real estate in regional NSW. Richardson & Wrench today (November 25) adds a second Hunter Valley independent to its network, with the signing of Thomas Real Estate, a third generation family real estate business in the growth region of…
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Stamp duty hampers property transactions: REINSW
Homeowners are electing to undertake renovations rather than sell their properties in an attempt to avoid stamp duty, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the number of property transactions had hit a four-year low for the month of October 2016 according to data from the NSW Office of State Revenue. “The…
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Sydney vacancy rates tighten: REINSW
Residential vacancy rates have tightened across the Sydney market as new accommodation is snapped up across the city, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the October 2016 REINSW Vacancy Rate Survey was at 1.7 per cent, down 0.2 per cent for Sydney. “We have seen an increase in…
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Retail lease reforms support SMEs: REINSW
The retail leasing industry and small businesses throughout NSW will benefit from retail lease reforms introduced into State Parliament, according to the Real Estate Institute of New South Wales. REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) will make doing business easier for tenants, agents and landlords on the retail strip. “Some 44,500 retail businesses…
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Meriton preparing a pre-xmas triple treat
Australia’s apartments pacesetter, Harry Triguboff, is paying no attention to talk of a Sydney market slowdown by unveiling his Meriton group’s plans to release three new projects, collectively worth more than $1 billion, before Christmas. The projects are in Dee Why, Rosebery and Mascot and they are coming on to the market on the heels of Mr Triguboff launching the biggest…
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Real Estate and Property Industry Reforms Paper Released
The NSW Government has today released a Real Estate and Property Services Industry Reform Paper, outlining the Government’s vision for the state’s $15 billion real estate and property sector. The paper contains a strong focus on raising training standards, increasing transparency and accountability and strengthening trust account processes. It is currently anticipated that the new laws will be in place in…
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Ray White welcomes new franchisee in Bowral, NSW
One of the Southern Highland’s most dynamic sales agents has joined forces with one of Australia’s biggest real estate brands, opening Ray White Bowral. Gene Fairbanks and his wife, Jemima unveiled their Ray White business on 4 October. “We’re a family business so joining a family-led brand was a natural fit for us. Through Ray White, we’ll be able to…
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1ST City Group Expands Platforms Into Finance
1ST CITY GROUP are proud to be expanding platforms in the launch of a Finance and Insurance division under its prestigious 1ST CITY brand. The addition of 1ST CITY ‘Fund+Protect’ heralds the beginning of a new era to the multi-award winning Real Estate Agency which was established in 1998 and has grown to have three offices in the Eastern Suburbs…
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NSW land, property transactions fall; REINSW calls for action
The NSW government is facing a budget shortfall with land related transactions and total stamp duty collected below current budget forecasts for the first three months of the 2016-2017 financial year, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said data from the NSW Office State Review shows that for July, August and September…
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Sydney should look to Melbourne for housing solutions: REINSW
Sydney needs a better balance of new apartments, single dwelling homes and medium density developments, much like Melbourne has, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the NSW Government is currently reviewing its planning policies which he described as too convoluted. “Everyone has an opinion on Sydney’s property problems, but there is…
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American-style University City the way to go for Newcastle says Raine & Horne Commercial
A number of positive announcements by the NSW Government are set to have a lasting impact on the long term stability of Newcastle City, according to Steve Dick, Co-Principal of Raine & Horne Newcastle. In September, University of Newcastle entered into discussions with the NSW Government[i] about acquiring an additional two hectares of land in three parcels behind Wright Lane…
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Record-setting agent rejoins Ray White
Palm Beach real estate identity, Noel Nicholson, has returned to Ray White with a bang, announcing the sale of 17 Ilya Avenue, Bayview for a street record price of $6.7 million. The very next week he secured a second sale at Bayview Heights, setting a new record of $10.8 million. Sourcing overseas buyers from his extensive global database, Noel said…
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Commercial agents recognised at REINSW Awards for Excellence
The best Commercial Real Estate professionals in the business have been recognised at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner last Thursday evening. commercialVIEW.com.au was proud to sponsor the commercial property awards on the night. CEO of commercialVIEW.com.au Daniel Bignold said the awards highlighted the most outstanding performers across Large and Small Commercial…
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Rental accommodation in Middle Sydney increases, REINSW
Residential vacancy rates jumped in Middle Sydney as more stock comes onto the market, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the September 2016 REINSW Vacancy Rate Survey Middle Sydney rise 0.5 per cent to 2.1 per cent, leading a 0.1 per cent increase in the overall Sydney vacancy…
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2016 REINSW Awards for Excellence winners celebrated
Real estate’s top performers have been celebrated at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said 21 awards were presented across all facets of the industry including innovation, community service, residential and commercial professionals, as well as rising stars and auctioneers. “Our prestigious awards have been taken out by…
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REINSW top honour to Wayne Stewart
The prestigious Woodrow Weight Award for outstanding service to the real estate profession has been awarded to Managing Director and Office Principal of Century 21 Newcastle, Wayne Stewart. The Woodrow Weight Award is REINSW’s top Award. It is named after the legendary REINSW President, who was the first Australian ever to be elected World President of the International Real Estate…
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New Laing+Simmons Narrabeen Office Donates To Local School
The newly opened Laing+Simmons Narrabeen is off to a flying start, with the team enjoying its strongest month of the year and celebrating its rebranding by kicking off an important initiative to give back to the local community. The real estate agency has just announced it will donate $500 for every property it sells in Narrabeen to Narrabeen Lakes Public…
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Surplus signals time for new property incentives, says REINSW
For the first time on record New South Wales is cash positive, therefore it is time to give back to the property market in the form of new first homebuyer incentives, according to the Real Estate Institute of NSW. REINSW President John Cunningham said New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was…
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NSW property transfer of 18,000 homes welcomed by CHP Sector
Today’s announcement by the NSW Baird Government of a long lease property transfer of 18,000 homes is welcomed by Australian CHPs for taking a forward thinking and common sense approach to providing better social housing outcomes. PowerHousing Australia which represents 27 of Australia’s largest Community Housing Providers (CHPs) said that our members are already working with property transfer in other…
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World First Flat-Packed, Off-Grid Tiny Home Launching at Sydney Architecture Festival
Big World Homes have developed the very first flat-packed, off-grid tiny home – utilising un-activated urban spaces for transitional pop-up communities – offering a revolutionary solution to Sydney’s housing affordability crisis. “We’re excited to be launching one of the most progressive, socially oriented, community driven housing projects that Australia has ever seen, at a time when new options in affordable housing…
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Bondi to outstrip Paddington, Surry Hills
Bondi Beach has become an iconic national brand that will outstrip Paddington and Surry Hills in popularity, according to leading real estate agency Gunning. Gunning Principal Malcolm Gunning said people are beginning to choose Bondi over Paddington and Surry Hills because of the unique offering that Bondi presents. “Bondi is a destination that gives people the ability to be able…
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Laing+Simmons Secures CBD / Surry Hills & Narrabeen Offices
Laing+Simmons has recently secured two new offices to its network and setting its sights on further growth this year. New franchise offices in Sydney CBD / Surry Hills and Narrabeen have just joined the three new Laing+Simmons offices which opened earlier this year in Ryde, Seven Hills and Cronulla – taking the boutique network to 42 offices and growing. Laing+Simmons…
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RE/MAX announces new Parramatta office
RE/MAX has announced a new addition to its rapidly growing NSW network, with a Husband and Wife team, Morris and Melissa Short, opening up in Parramatta. Morris and Melissa both love the RE/MAX concept and have started with a huge burst of momentum after only 6 weeks of operation. Joel Davoren, Franchise Director, said, “Morris brings with him an abundance of…
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Prioritising People: Laing+Simmons Launches Employee Assistance Program
New South Wales real estate franchise network Laing + Simmons has launched a new employee assistance program to support team members experiencing stress, depression, anxiety or facing other challenges. Employees from their 40+ offices in NSW can now access anonymous and free counselling services to help them deal with any issues they might be facing. The service is run by…
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Ray White Double Bay launch into spring with 85% clearance rate
Showing no signs of a market slowdown, Ray White Double Bay’s first spring auction event on Monday 29 August was attended by over 150 potential buyers and vendors. The atmosphere in the room was electric with one buyer jumping the bids by $500,000. “The lack of stock and our high level of quality marketing helped us achieve some unbelievable prices.…
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$5 million expectations for rare Byron beachfront property
Raine & Horne Byron Bay is attracting substantial interest with the marketing of a rare luxury home on the tightly-held Belongil Beach. The absolute beachfront property, standing on 860sqm at 6A Childe Street, Byron Bay, is expected to sell for between $4.95 and $5.4 million, according to selling agent and Principal of Raine & Horne Byron Bay, Sophie Christou. “This…
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Investors hover over slice of Darlinghurst’s small bar scene
One of the first small bars to open its doors in Sydney, Darlinghurst’s Pocket Bar is up for auction and ready for an investor to pull up a stool. Pocket bar opened in 2009 at the beginning of what can be described as the small bar revolution. Gunning’s Director of Metropolitan Sales and Investments Tom Speakman said like many of…
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Bondi demanding top retail, food
Thriving Bondi Beach is experiencing an exciting rejuvenation where high-end fashion and food are in demand. Gunning’s Director of Metropolitan Sales and Investments Tom Speakman said Bondi has undergone significant changes and is a tightly held commercial and retail property market. “Bondi is one of the hottest locations in Australia with its mix of high end brands and popup shops,…
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REINSW and realestate.com.au join forces
The Real Estate Institute of New South Wales and property portal www.realestate.com.au have signed a sponsorship agreement that will see the website featured prominently in REINSW’s marketing material. The one year real estate sponsorship agreement commences immediately and will see the website highlighted in the REINSW’s Journal, email newsletters and website. REINSW CEO Tim McKibbin says the deal will also see…
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Complaints Register Could Tarnish Franchisees, says REINSW
The NSW Fair Trading Complaints Register comes into effect this week but there are concerns within the real estate industry that it will unfairly tarnish reputable businesses. The initiative is designed to provide better customer service and to help consumers make better, more informed decisions; however businesses are concerned about their reputations. The Complaints Register will provide information about businesses…
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Roadshows for Strata Law Reforms Available Now
Strata Law reforms are due to come into effect across New South Wales from 30 November 2016, however if you’re not sure what the new laws mean for you, a training session is guaranteed to shed some light. The REINSW, NSW Fair Trading and Strata Communities Australia are joining forces to travel the state, offering sessions over the next 2…
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Unwind overlooking the water at ANEW Rockdale
ANEW Rockdale, Knightsbridge’s $62+ million mixed-use development in Sydney’s south is set to revitalise and transform the vibrant urban village on the rise. In tandem with the government’s regeneration of the Rockdale town centre, which includes a revitalised civic square, greater connectivity, extensive street scaping and shared spaces, ANEW reinjects a village like atmosphere into Sydney’s urban spaces. Architects Abworks…
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LivStyle: When an Apartment Becomes a HOME
A new phase in the evolution of apartment living is underway in Sydney, with intuitive developers catering for the longer-term needs of growing families. Well-designed three-bedroom apartments in inner-ring suburbs with good transport connections are now a viable alternative to a family house. That’s why the specialist inner-city development company LivStyle is launching a project in Rosebery called HOME. Aimed…
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Reno queens from Three Birds Renovations to star in new realestate.com.au video series
Fresh off the launch of its new-look News site, realestate.com.au has announced an exciting six-episode content series with Three Birds Renovations, a trio of Sydney women renowned for their stunning renovation makeovers. Best friends and busy mums, Bonnie, Erin and Lana, walked away from their corporate careers in 2014 to build a more fulfilling life and pursue their passion for…
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