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A fast-growing Australian network has made its first move overseas and has hinted at further foreign expansion.
One Agency has opened two New Zealand offices – one in Wellington and another in Warkworth.
The network said it is also planning to shortly launch in Auckland, Christchurch, Dunedin and Pukekohe.
The New Zealand expansion is being led by John Stewart, who was general manager of First National Real Estate New Zealand between 2007 and 2012.
“One Agency promotes itself solely via social media and, while for the past seven years focus has been on the rollout in Australia, over time increasing numbers of New Zealanders became aware of the model and expressed interest in it,” Mr Stewart told REB.
“The decision to respond to that interest resulted from casual discussions Paul Davies, founder and CEO, and I had in mid-2014, culminating in my joining in April this year."
He added: “Since May/June we have been working with the now very strong enquiry from both high-performing agents and office owners alike.”
Mr Stewart said he expected about a dozen additional New Zealand members to confirm and open before the end of the first quarter in 2016.
“We see no reason why we shouldn't have over 100 members within three years and, given the appeal to both office owners and individuals, the sky’s the limit,” he said.
One Agency was launched seven years ago, with members operating under licence rather than as franchisees.
Mr Stewart said the Australian business has almost 120 licensees either operating or soon to open, with that number expected to rise to 150 by early 2016.
“The model is both scalable as to each individual operation’s size and geographically, so offshore enquiry is not being snubbed,” he added.
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