Latest news with #CMPRealEstate
Daily Mail
5 days ago
- Business
- Daily Mail
EXCLUSIVE Real estate agent exposes the mistake many young Aussies are making - and it could have drastic consequences in the future
A pair of glamorous real estate agents have urged home buyers to act decisively, warning that waiting for the 'perfect moment' could mean missing out altogether. Christina and Natasha Pincevic, aged 30 and 24 respectively, founded CMP Real Estate in Gledswood Hills, about 60km southwest of Sydney, in 2022. Christina highligted a mistake that she saw many young buyers make. She said too many buyers focus on trying to time the market instead of recognising genuine opportunities when they arise. 'My grandfather had this old photo, an elderly man hunched over with a cane. The caption read: "The young man who waited for the price of real estate to come down". I've never forgotten it,' she says. 'In this industry, the ones who sit back waiting for the "perfect time" usually end up watching from the sidelines, priced out, outpaced, and outplayed.' Instead of trying to guess the market, Ms Pincevic advises buyers to focus on their finances, long-term goals, and the quality of the opportunity in front of them. The agent said borrowers waiting for a rate cut may be making life harder for themselves, warning it will also increase competition. 'Rate cut or not, if you're waiting around for the 'perfect moment', you'll miss it. Smart buyers don't try to time the market, they move when the numbers work, the location's right, and the opportunity stacks up,' she said. 'So if you're in a position to buy now, get your pre-approval in place and be ready to act fast. Real estate doesn't reward hesitation - it rewards action. And if you're waiting for the market to get easier… you'll be waiting a long time.' She said many first-home buyers do everything right, except take the final step. 'Young families and first-home buyers are still active, but they tend to be more cautious. They research carefully but often hesitate, and in this market, hesitation can mean missing out,' she explained. 'Ultimately, the buyers making the biggest impact aren't always those spending the most, they're the ones ready to act quickly.' Her advice to first-time buyers? Be prepared and know what you're working with. 'First-home buyers need to get a clear handle on their finances before letting emotions take over,' she said. 'It's important to speak with a broker early, understand your borrowing capacity, and explore any government incentives you may be eligible for. Right now, there are several support options designed to help buyers get into the market. 'The key is preparation, the right property will come along, but if your finances aren't in order, you could miss the opportunity.' Ms Pincevic said western Sydney is experiencing rapid growth spurred by the construction of the new international airport - due to be completed in 2026. The Western Sydney International Airport will operate on a 24-hour schedule, unlike Kingsford Smith - the city's current airport in Mascot - which closes at 11pm and opens at 6am each day due to noise restrictions. 'Western Sydney's boom is being driven by one major catalyst, the new airport. It's not just a runway, it's triggering billions in infrastructure, jobs, and development across the region,' Ms Pincevic said. Suburbs like Badgerys Creek, Austral, Edmondson Park and Leppington are firmly on her radar. 'You've got roads, rail, industrial, commercial and retail all coming in, and buyers are getting in early while they still can,' she explained. In a market that never sits still, Ms Pincevic's advice is to be proactive. 'Stay informed, stay ready, and don't wait around for someone else to tell you it's time. Because by the time the moment looks perfect, the best opportunities are often long gone,' she urged. NAB is forecasting national dwelling prices to rise by 3.3 per cent by the end of 2025, following a strong post-Covid surge in 2024, when prices jumped 9.7 per cent. Recent CoreLogic data shows a surge in Brisbane, Adelaide and Perth, with all three cities recording strong growth over the last 12 months. In contrast, Sydney's market has been more subdued, with house prices edging up 1.7 per cent and unit prices rising just 0.2 per cent. Melbourne has seen an annual rise of 0 per cent for houses and 1.5 per cent for units.
Int'l Business Times
14-06-2025
- Business
- Int'l Business Times
$1450 a Week for This? Sydney Rental Sparks Outrage Amid Cost-of-Living Crunch
Two Sydney-based real estate agents are under scrutiny after going viral on social media. The duo filmed a video celebrating the lease of a property that costs $1450 a week. The video shows Natasha Pincevic and Jazmin Refik, both of whom work at CMP Real Estate. They work as a property manager and property associate, respectively. The property is located in Leppington, 53 kilometres southeast from Sydney's CBD. It has six bedrooms, five bathrooms, and three ensuites on a 450-square-metre block. Notably, this issue was put into light just days after the average home price in Australia was revealed. It has officially surpassed the $1-million mark, reaching approximately $1,002,500. Quick Summary of the Issue The property in Leppington leased for $1450 This story began in an earlier video with over 180,000 views on social media. It featured the agents asking 'Would you pay $1450 per week for this?' Commenters noted that it was too high. Notable remarks were that 'it doesn't even have a pool,' and '1450 in the middle of nowhere, lol.' The most recent video from the agents intended to clap back at their critics who had issues with rent pricing. However, it backfired and appeared tone deaf relative to cost-of-living concerns. It was captioned 'keep doubting us' with a shushing emoji. It shows Ms. Pincevic asking how Ms. Refik managed to lease it considering its weekly $1450 price. 'The one with no pool. Is in the middle of nowhere,' said Pincevic. Ms. Refik added 'And a job site next door,' pointing out a nearby construction area. While the tandem intended to clap back at critics who deemed prices too high, it backfired and appeared tone deaf to the existing cost-of-living crisis. The two high-five before Pincevic references the children's classic Bananas in Pyjamas. 'Well done, B2,' with Refik replying 'See you in the next one, B1.' Video Backlash Since being posted last Tuesday on the 10th, the new video has drawn a ton of negative comments. 'You basically just told everyone, we're here to rip everyone off,' one commenter said. 'Are we proud of these ridiculous prices? Have some mercy people, seriously,' said another. Others were poking fun at the video's caption, saying 'Keep doubting us? No one doubts that you can lease a property in a housing crisis.' Interestingly, some viewers came to the defence of the duo citing market realities. 'Not the agents' fault. It's the market price, supply, and demand decides the price,' one person said. 'Dual income family, $1450 is affordable,' another added. The Agency's Response CMP Real Estate addressed this by talking to Daily Mail Australia. They said that their video was meant as a tongue-in-cheek response for online critics. Their advertisements for rental property were being made fun of and the follow-up clip was taken out of context. CMP Founder Christina Pincevic also weighed in, who has been in the real estate industry for 11 years. She said that the rental price in the video reflects current market conditions. 'We've leased homes of similar size for over $2000 before,' she said. To add, she also cited infrastructure developments like the Western Sydney Airport and the Metro line. These are a couple of the factors behind rising property values in the area. Originally published on IBTimes UK
News.com.au
12-06-2025
- Business
- News.com.au
Real estate agency under fire after video hitting back at ‘couch critics' goes viral
A Sydney real estate agency is copping significant backlash after sharing a 'tone deaf' video seemingly boasting about renting out a property. The video, shared by CMP Real Estate property associate Jazmin Refik, references the leasing of a six bedroom, five bathroom home in Leppington, located more than 50km southwest of Sydney's CBD. In the now-viral clip, Ms Refik stands outside the home with property manager, Natasha Pincevic, with the pair boasting about renting out the home for $1450 a week, despite saying it has 'no pool', is in 'the middle of nowhere' and has a 'job site next door'. The video appears to be a follow-up to another post made prior to the home being leased, where the pair showed all the different features of the property and branding it a 'hidden luxury gem'. 'Would YOU pay $1,450 per week for this?' the video was captioned. While the video gained some positive responses, there were quite a few social media users who baulked at the price. '$1450 in the middle of nowhere lol,' one said. 'Man that's a lot for rent! Maybe if it had a pool then yeah agreed,' another wrote. One added: 'No pool, no views and who's gonna clean all that space!' Despite the criticism, the home did end up being rented out for the price listed, with the most recent video clearly in response to the negative comments. However, many social media users clearly didn't appreciate the tone of the video, sparking even further backlash. CMP Real Estate agency even jumped into the comment section and explained the context of the video, claiming it was a 'clap back to the couch critics'. 'Sarcasm included. And if you know the Sydney market, you'd know this price is actually standard for this type of house in this area. Wild, but true,' the agency wrote. However, this explanation seemed to do little to quell the furious response, with people branding the video 'tone deaf' and 'cooked'. 'They're literally listing the disadvantages for the tenant & advantage for the owner, l�ike it's something to be proud of. I'm a homeowner, & literally feel sorry for the tenant who rented this,' one person wrote. 'Is this meant to be a joke?' one person questioned. 'This is supposed to be a flex?' one commenter asked, with another adding, 'I think you are meant to say this off camera guys'. Amid all the criticism, there were some people who came to the defence of the agents, claiming they were just doing their job. 'Not the agent's fault it's the market price, supply and demand decides the price,' one person wrote. 'They found very good tenants that can afford $1450 p/w, it wouldn't have rented if it was over priced,' another said. In a statement to the Daily Mail, the agency claimed the video had been taken out of context and was meant as a tongue in cheek response to critics. CMP founder Christina Pincevic also defended the price of the rental, saying the agency has 'leased homes of similar size for over $2000 before'.
Daily Mail
11-06-2025
- Entertainment
- Daily Mail
Why Aussies have erupted at a pair of glamorous real estate agents filmed gloating about renting out a home
Two Sydney real estate agents have come under fire on social media after a video they filmed that was meant to clap back at critics spectacularly backfired. In the now-viral clip, the duo from CMP Real Estate celebrated the lease of a property in Leppington, located 53km southeast from Sydney's CBD, for $1450 per week. Natasha Pincevic, a property manager at CMP, appears in the video alongside property associate Jazmin Refik. An earlier video, now with over 180,000 views on social media, featured the agents asking, 'Would you pay $1450 per week for this?' Commenters claimed the prices was too high with one saying,'it doesn't even have a pool' and another adding it was '1450 in the middle of nowhere, lol'. In the new video - captioned 'keep doubting us' followed by a shushing emoji - Pincevic asks how Refik managed to lease it for such a price. 'The one with no pool, is in the middle of nowhere,' Pincevic quips. Refik adds, 'And a job site next door,' referring to nearby construction. The two high-five before Pincevic references the classic children's show Bananas in Pyjamas, saying, 'Well done B2,' to which Refik replies, 'See you in the next one B1.' The home is a six-bedroom, five-bathroom property, with three ensuites, situated on a 450-square-metre block. Since being posted on Tuesday, the new video has drawn a flood negative comments. 'You basically just told everyone, we're here to rip everyone off,' one user commented. 'I think you're meant to say this off camera guys,' another added. 'Are we proud of these ridiculous prices? Have some mercy people, seriously,' wrote another critic. Others mocked the video's caption: 'Keep doubting us'? No one doubts that you can lease a property in a housing crisis.' However, some viewers came to the agents' defense, pointing to market realities. 'Not the agents' fault. It's the market price, supply and demand decides the price,' one person wrote. 'Dual income family, $1450 is affordable,' another added. CMP Real Estate told Daily Mail Australia that their video was meant as a tongue-in-cheek response to online critics who mocked their advertisement for a rental property. They said the follow up clip had been taken out of context. . CMP founder Christina Pincevic, who has been in real estate for over 11 years, defended the rental price, saying it reflects current market conditions. 'We've leased homes of similar size for over $2000 before,' she stated. Pincevic also cited infrastructure developments, such as the Western Sydney Airport and the Metro line, as factors behind rising property values in the area. The video comes just days after it was revealed that the average home price in Australia has officially surpassed the $1 million mark, reaching $1,002,500.
