And the winner is …
For the fourth year running, LJ Hooker Projects ACT was ranked in the Real Estate Business Top 50 Sales Offices, a national report by REB. They were the only ACT agency to make the list.
The award recognises the top performing real estate agencies from around the country, with the 50 on the list chosen from nearly 3,000 of the most successful agencies. “The report highlights some of the most effective and productive sales offices in Australia, and incorporates an array of businesses from various parts of the country, including regional areas,” said REB editor Tim Neary.
But why only one from the ACT?
According to the REB, the report was based on data including sales numbers, sales volumes, staff numbers and listing numbers. Given the exponential upwards trend in property in Sydney and Melbourne, you would therefor expect those cities to be represented strongly in the results. And they are, with 17 offices on the list from New South Wales, 16 offices from Victoria, 11 from Queensland, 3 from South Australia, two from Western Australia and none from the Northern Territory or Tasmania.
At least there is one from the ACT. And LJ Project Marketing ACT is not your average suburban real estate office. It is a specialist arm of LJ Hooker, specialising in new homes including apartment and townhouse construction – basically medium-density developments.
With the focus in the ACT on the construction of new apartments rather than traditional house and land, it is performing strongly. But according to franchise owner Andrew Ligdopoulos, the award does not represent instant success on the back of a Canberra property boom. “There has been consistent development in Canberra over the last seven or eight years,” he said. “The Canberra market was certainly hot last year. But I see the growth as strong, steady, upwards and controlled rather than oh my God it is about to crash.”
LJ Hooker Project Marketing ACT has been ranked top 50 in the list over the last four years. It was ranked 30th in the 2017 report, and 32nd place in the 2015/16 report.