Category Archives: NSW

LJ Hooker Avnu CEO Walks

A year has not yet passed, and LJ Hooker’s “disruptor” agency Avnu has lost a key executive from the business. Jason Chuck has left the group to join Domain, taking his experience with several tech companies including eHarmony and Houzz with him. Chuck told AFR he left Avnu for “personal reasons”. This newest announcement comes after LJ Hooker abandoned plans

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Oversupply of apartments pushes Sydney vacancy rate to record high

In a rental market, the balance of power typically tips towards the tenant when vacancy rates exceed 2.5% – as such, Sydney is currently a renters’ paradise. Throughout January, Sydney observed a 3.7% vacancy rate, up from the 2.3% a year ago – far exceeding the 2.5% tipping point, with almost 1 in every 25 apartments going uninhabited. News.com.au attribute

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New report shows real estate market downturn is real, but overblown

Inaccurate figures and hasty predictions exaggerated the downturn In 2018, Sydney’s market fell by 1.48%, Melbourne by 5.93% Adelaide saw a property price increase of 1.1% A recent report from realestate.com.au has reflected on the downturn seen throughout 2018, continuing to tug on the market in 2019’s early stages, surmising that Australia is “now in the midst of a housing

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