AGENTS not trained in property valuations will struggle under new legislation targeting underquoting, according to the Real Estate Institute. NSW President Malcolm Gunning said current courses – some as short as a few hours – will not be sufficient for new laws introduced on January 1. According to The Daily Telegraph story, the changes will […]
During 2015, the media was full of feel good stories of potential millionaires – the result of neighbours banding together to ‘crowdsell’ their homes to developers across Sydney. Fuelled by the demand from developers and low availability of land, the popularity of multiple selling – anywhere from two houses up to 20-strong ‘superlots’ – is […]
NSW Government plans to sell four new land development sites in Sydney and the Southern Highlands On 9 February 2015, The Australian reported that the NSW Government is set to sell four major housing sites across Sydney and the Southern Highlands of New South Wales. This news comes at a time when PRD Nationwide has […]
It’s thought that Sydney’s population will increase by more than 1.6 million by 2031. Due to the expected growth and the desire for Sydney-siders to live close to modern infrastructure, employment and reliable transport, the NSW Government introduced its Urban Activation Precincts plan in March 2013. This program aimed to deliver more homes in areas […]
A recent article from ABC News notes that while Sydney house prices continue to rise prices in other states are either remaining the same or showing greater volatility. To read the article see here: http://www.abc.net.au/news/2014-11-03/home-price-surge-continues-in-sydney-other-cities-subdued/5861982
THERE’S two great things about buying a house in one of Sydney’s newest, most desirable housing developments — you’ll save up to $150,000 and you’ll never have trouble finding the toilet when visiting the neighbours. The Parc development in Kellyville, in northwest Sydney, consists of 200 townhouses built from the exact same mould, right down to […]
Median house prices in Liverpool have jumped an astonishing 24.3 per cent to $542,000 in the six months to June, compared with the same period last year. The Liverpool region’s growing prosperity was recently confirmed when an Austral acreage sold for a whopping $2.015m, more than $300,000 above its reserve. “We called at $1.7 million […]
While it is often overlooked in the media hype about Sydney’s property market, areas around the south-west and north-west of Sydney have been experiencing a major boom in development and investment over the past few years. It also looks like that growth is set to continue and even accelerate. New South Wales is projected to […]
An article published late last year revealed that the NSW government will acquire hundreds of Sydney homes and businesses to make way for future infrastructure projects like the WestConnex motorway and the Eastern Suburbs light rail extension. It’s not unusual for government entities and private enterprise to acquire land to be used for development. Land […]
NSW and Sydney property trends: boom or catch up? A NSW Parliament briefing paper published in January this year highlights some interesting short and longer term trends for the property market. The House prices, ownership and affordability: trends in New South Wales briefing paper makes a number of interesting observations: Between June 1990 and June […]
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