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One leading real estate group has announced a new record in combined sales across its network, despite an increase in competition and dip in listings around the country.
Belle Property announced that it has recorded 40 per cent growth for the first quarter of 2017 in sales across its national network, compared to the corresponding time last year.
Sales values and volumes are up in every state Belle Property operates in, which the group attributes to its focused growth strategies in the second half of last year.
CEO Peter Hanscomb said staff at Belle Property offices have not allowed themselves to become distracted, especially amid talk in the industry about real estate disruptors.
“Almost without exception, the offices within the group have all increased their local market share, in what is openly acknowledged as a very competitive market,” Mr Hanscomb said.
He said suburb price records continue to be broken Australia-wide.
“Whilst listing volumes in the general market are lower than those experienced last year, our offices are certainly winning a larger share. The strong demand for good property is evident with fierce competition at auctions,” Mr Hanscomb said, adding that the group recorded a 90 per cent clearance rate last weekend.
Belle Property has 80 offices nationwide.
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