NSW Real Estate News
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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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VentureCrowd and Clearstate raise $1.7 million in major property crowdfunding deal
VentureCrowd, Australia’s original and most successful equity-based crowdfunding platform, has closed a second, oversubscribed funding round in partnership with end-to-end residential property developer, Clearstate, for a residential development in Sydney’s south west. Hot on the heels of the companies’ inaugural Riverstone development deal, which raised close to $1 million in under four hours, the Austral investment has given more than…
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Momentum builds in Circular Quay
Mirvac’s 200 George Street development is complete and is the first jewel in the Circular Quay crown as development and growth in the area picks up momentum. Standing 37 stories and spanning 39,200 square metres, the ‘smart’ building is designed both with the environment and the wellbeing of office workers in mind and is the first completed project as a…
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Raine & Horne launches Hornsby office
Superbrand Raine & Horne is launching a major assault on Sydney’s popular Upper North Shore property market with the opening of a new office located in Hornsby. Raine & Horne Hornsby will be led by experienced local agent Chris Hopkins and his wife Susie, and will deliver the 133-year-old family owned and operated firm’s unique sales and property management services…
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Laing+Simmons Charity Campaign Raising Thousands
Laing+Simmons Parramatta’s campaign to raise money for medical research as part of its 21st birthday celebrations has got off to a flying start with over $3000 already raised in the first month alone. The award winning real estate agency, which came of age last month, is donating $300 to Westmead Medical Research Foundation (WMRF) for every property it sells from…
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Sydney CBD office market demand strong
The Sydney CBD office market continues to perform well above the national average with vacancy rates decreasing over the past six months, according to the Property Council of Australia’s latest Office Market Report. “Sydney’s office market continues to have the lowest vacancy rate and the strongest demand of all capital cities,” NSW Executive Director Jane Fitzgerald said today. “Sydney’s CBD…
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Rare DA-approved site in Botany to go to public auction
A significant residential site in Botany, with a rare DA approval in place, and a price guide of $10 million, is certain to attract strong local and overseas developer interest, according to listing agent, Tony Laing, Co-Principal of Raine & Horne Commercial Bondi Junction. “The real value in this site, which will go to public auction on Thursday 25 August,…
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Radley Property pledges 20% of real estate commission to charity
This week marks the launch of Radley Property, an innovative real estate agency combining property services with philanthropy by pledging 20% of its commission to Australian registered charities. For each transaction, landowners individually donate half of Radley Property’s 20% Pledge to their chosen charity. This donation is made in the vendor’s name, does not impact their profit and is tax…
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