Company Details

The Agency Group (ASX: AU1)

ASX Listed
ASX Listed
Finance and Property
Raising Capital

Company Information

  • Executive Summary

    Executive Summary

    With its goal to be the fastest growing real estate brand nationally, The Agency Group Australia (ASX:AU1) is disrupting the traditional real estate model by being one of the first fully integrated real estate and financial services companies in Australia.

    The Agency Group consists of finance broking, real estate services, settlement services, property management (2017), project marketing, insurance and financial planning businesses.  It uses property transactions and/or financing events to review and service a client’s complete finance and wealth requirements. The company captures clients at the start of a property and/or financing event and assist them with all the ancillary services – resulting in cross selling opportunities that increase revenue and strengthen the client relationship. Each of these services not only add revenue but also create value in growth of assets such as rent rolls, mortgage book, risk book and a general insurance book. Currently, The Agency has a loan book of ~ $1.185 billion.

    The Company is also backed by Finsure Group, one of Australia’s fastest growing retail finance brokerages with over 1,200 brokers settling over $1 billion a month.

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    • New Business Model: disrupting the real-estate and financial services sectors by reducing structural layers and rewarding all staff.

    • Our Technology: via our cloud-based digital platform, combined with our model and our distribution channels makes us successful – Triple-digit growth

    • Fast Growth: Fastest growing real estate business nationally

    • Proven Model: In both Western Australia (depressed market) and New South Wales (Boom market)

    • Model Roll Out: Model rolled out in February 2016 and listed on ASX 28th December 2016

  • Company Highlights

    Company Highlights

    • 44.7% Growth in group revenue for the year
    • The WA real estate market has contracted 9% in sales turn over and 9% in value of the average home and deemed by most experts as the worst real estate market in the country
    • Selective Recruited Sales Agents (minimum requirement plus $200k commissions previous year in WA) on track – 56 current (target 75 by 30 June 18)
    • 460 property managements and highly respected sales team
    • $1.1bn loan book
    • 108% Growth in Listings for the year
    • 267% Growth in Gross Commissions
    • National expansion underway with 75 Agents recruited

    National expansion:  

    Initially focused on the Western Australian market, the company is now in the process of rolling out its disruptive model nationally and is finalising the acquisition of high-growth east coast focused real estate agency Top Level Real Estate Pty Ltd. Since inception in April 2017, The Agency East Coast (Top Level) has achieved exceptional results with total sales of $695 million, total commissions of $10.2 million and 380 settlements for the year up to and including March 2018. The Company is currently seeking to raise capital, a condition precedent to the settlement of Top Level.

    The Agency Group recently cemented itself as the fastest growing real estate firm in the Western Australian market after acquiring Sell Lease Property (SLP).  According to Real Estate Institute of Western Australia (REIWA), The Agency and SLP were ranked first and  second respectively for top office in the state in March 2018.

    The real estate division is firmly on target for FY2018 revenue growth of ~ 100% year-on-year in WA having already achieved last year’s total Gross Commission in the first nine months of the year.

    As at the end of March 2018, The Agency had a combined total 267 recruited agents including 71 in its West Coast operations, 105 in SLP and 90 in Top Level (once merged). The Agency’s target is to have ~600 sales representatives nationally.

  • Board & Management

    Board & Management

    Paul Niardone

    Managing Director
    Previously Executive Director and founder of Professional Public Relations (WA), the largest PR and communications firm in the State until he sold the business to WPP. Experience in marketing and strategic planning for clients in...

    Previously Executive Director and founder of Professional Public Relations (WA), the largest PR and communications firm in the State until he sold the business to WPP. Experience in marketing and strategic planning for clients in both Government and the private sector and over 10 years experience with public companies.

    Philip Re

    Chairman
    Chartered Accountant, Chartered Secretary and a Member of the Institute of Company Directors. In recent years he has been involved as a Director and Company Secretary for a number of public companies involving transactions in...

    Chartered Accountant, Chartered Secretary and a Member of the Institute of Company Directors. In recent years he has been involved as a Director and Company Secretary for a number of public companies involving transactions in mining exploration and production and the renewable energy industry.

    Adam Davey

    Non Executive Director
    Adam is Director, Private Clients and Institutional at Patersons Securities. His expertise spans over 25 years and includes capital raising (both private and public), mergers and acquisitions, ASX listings, asset sales and purchases, transaction due...

    Adam is Director, Private Clients and Institutional at Patersons Securities. His expertise spans over 25 years and includes capital raising (both private and public), mergers and acquisitions, ASX listings, asset sales and purchases, transaction due diligence and director duties.

    John Kolenda

    Non Executive Director
    John is the co-founder and Managing Director of Finsure Group, one of Australia’s fastest growing retail finance brokerages, writing over $1 Billion in new mortgages every month across 850 brokers. He formed the Loan Market...

    John is the co-founder and Managing Director of Finsure Group, one of Australia’s fastest growing retail finance brokerages, writing over $1 Billion in new mortgages every month across 850 brokers. He formed the Loan Market Group with Ray White and before that worked as the General Manager of Sales & Distribution of Aussie Home Loans, where he was responsible for the sales performance of over 700 mortgage advisors.

  • Company News
  • Contact Details

    Contact Details