EXCLUSIVE TO SA REAL ESTATE NEWS
Ray White Follow Through on Promise – Opens 3 New Offices in Eastern Suburbs & 2 Inner-Suburban
Ray White South Australia / NT chief executive officer Matthew Lindblom is set to deliver on his promise to open a further three residential sales offices in Adelaide’s blue-chip eastern suburbs. (see original article here)
The new offices include three Eastern Suburbs franchises being Ray White Norwood, Ray White Magill (after the existing Magill franchise re—branded to become Ray White Beulah Park) & Ray White Burnside, whilst another two inner-suburban businesses have opened in North Adelaide & Unley.
“We’re well on our way to achieving our goal of 20% market share across metropolitan Adelaide,” said Lindblom in a statement to SA Real Estate News.
“There has been a lot of excitement around our activity in key blue-chip markets, and we will continue our focus on franchisee’s profitable growth and increasing the value of the asset in each of our business owner’s rent rolls.”
“We expect that the value of our sales will increase by a further $136million over the 2017 / 2018 period, based on the current performance of our existing and new business owners.”
In the first quarter of 2017, Ray White also expanded it’s regional presence opening 3 rural offices, in Port Lincoln, Goolwa & Robe.
Real estate elite Jason Spagnulolo with business partner Sam Brincat, have opened the Ray White Norwood franchise, and says they are excited to be stepping out as young business owners and future leaders.
“We’re taking the next step in our careers and moving up from agents to business owners,” said Spagnuolo. “We’ve been involved with the Future Leaders program run by Ray White which has been fantastic in giving us the support, advice, and structure we needed for such an important decision.”
Nick Roma is the Principal behind the Ray White Magill franchise, who says the timing was right for him and his family.
“With a young family I needed to make the decision to either remain with the Ray White Group or pursue other opportunities, I wanted a group that would best support me in the business ownership transition and onwards.”
“My wife and I could see that Ray White had the best offering in terms of technology & support for my family out of all the major groups. Ray White have core values that I would be proud to pass on to my family and to all our clients.” Nick Roma said in a statement to SA REN.
Brett Pilgrim is expanding his existing Ray White franchise, Ray White Adelaide Group, signing an agreement for the Ray White Burnside name where they will be surrounded by suburbs he already holds a strong 15% market share in.
Brett said to SA Real Estate News that this decision made sense, given their existing strong market share in the eastern suburbs.
“Our Ray White Adelaide Group head office will still be based in Glenelg, complimented by our CBD office on Carrington Street. Taking over the Burnside area will give us a fantastic presence when we find the right location to open our doors in a market we are already strong in.” Mr Pilgrim said.
Rachel Lawrie, who moved to Ray White in 2016 is going to be taking the highly sought-after name of Ray White North Adelaide, which she says is perfectly positioned to dominate the inner north-eastern suburbs.
“North Adelaide positions me perfectly to support the clubs and charities I sponsor that provide services throughout Adelaide. Meanwhile I will be able to maintain a premium level of service to my clients, while balancing my personal family life with my two girls.” Lawrie wrote to SA Real Estate News.
The Ray White Unley Office opened it’s doors in 2016, breaking ground as the first “hub-model” business, and Principals Josh Gillespie & Blake Scholz say that thanks to their unique start-up model their growth has been so rapid that they have made the jump to a bricks-and-mortar setup already.
“Having the hub-model option has made it a lot easier. It meant we could take our time securing the right commercial space.” Mr Scholz told SA REN.