NSW real estate reforms herald the start of positive change
The days of becoming a real estate agent in less than a week are finally over, thanks to new industry reforms led by the Real Estate Institute of New South Wales (REINSW).
New real estate agent laws pass first hurdle in NSW
New laws that could increase the education standards required to become a real estate agent have jumped their first hurdle, being passed by the NSW Legislative Assembly.
Sydney's true clearance rate could be 40%: John Cunningham, REINSW
An unusually high percentage of Sydney auction results weren't reported last week, says REINSW president John Cunningham, causing him to ponder the worst-case scenario: if those properties didn't sell, Sydney's clearance rate could be 40 per cent.
"The Sydney Auction market took a leap forward this weekend," says John Cunningham, president of the REINSW, with the clearance rate recovering from its plunge into the 50s the previous week.
The Block auction results positive sign for Melbourne market
All five houses in the 2017 series of The Block sold on the weekend, and though profits were down on the previous year, all sold for more than their reserve.
New South Wales' top real estate performers were recognised last week at the 2017 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner.
