137 Fines Issued As Real Estate Compliance Targeted
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137 Fines Issued As Real Estate Compliance Targeted

NSW Fair Trading has had its eye on agents in recent weeks.

By Terry Christodoulou
Tue, Jun 15, 2021Grey Clock < 1 min

NSW Fair Trading has been ensuring real estate agents are acting in the appropriate manner during this accelerated period of growth for the property market.

Agents can be fined up to $22,000 for failure to comply with the Property Stock and Business Agents Act, which was enacted to protect consumers.

Minister for Better Regulation, Kevin Anderson has a firm want for the legislation to be abided by.

“Buying, selling or renting a home is a massive financial decision for consumers which is why we have strong legislation and a fiercely independent regulator to ensure real estate agents are conducting themselves appropriately,” Mr Anderson said.

“The latest checks uncovered a myriad of non-compliance, and we will continue to conduct these blitzes until the industry pulls its socks up.”

Mr Anderson said in the last two-week-long blitz, NSW Fair Trading has issued 137 Penalty Infringement Notices and 224 warnings, with fines totalling $150,710.

“We are the only state in Australia to carry out regular real estate compliance blitzes and that is due to the NSW Government’s commitment to protect consumers,” Mr Anderson added.

The regulatory body will continue to conduct compliance blitzes throughout the year.

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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174