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The Agency targets 45 per cent growth through new recruits

Listed real estate group The Agency has forecast a 45 per cent growth in net revenue for the 2018 year, boosted by acquisitions of other businesses and recruitment of new agents. With investors still waiting on a proposed capital raising, and with the shares at 1.3¢, the group said it had total revenue of $13.5 [...]

By |June 12th, 2018|Latest News|Comments Off on The Agency targets 45 per cent growth through new recruits

The Agency managing director defends latest postponement

The managing director of The Agency says it remains "totally committed" to acquiring Top Level Real Estate, after extending an agreement to buy the east coast business by another four months and taking out a high-interest loan to provide short-term working capital...read more...

By |June 12th, 2018|Latest News|Comments Off on The Agency managing director defends latest postponement

McGrath Ltd feeling the competition from Agency Group Australia Ltd

The Agency Group Australia (ASX: AU1) has entered into an agreement with CPS Capital Group to underwrite a minimum $10 million capital raising to fund the acquisition of the Top Level Real Estate business. The Agency Group Australia Ltd (ASX: AU1) (formerly Ausnet Financial Services) is actually now a listed rival to McGrath that originated [...]

By |March 12th, 2018|Latest News|Comments Off on McGrath Ltd feeling the competition from Agency Group Australia Ltd

Real Estate Players think outside the box

Residential property agencies facing digital disruption and tighter margins have had to evolve their business models to remain competitive... read more...

By |March 6th, 2018|Latest News|Comments Off on Real Estate Players think outside the box

Real estate disruptor The Agency moves closer to major acquisition

The Agency Group Australia (ASX: AU1) has entered into an agreement with CPS Capital Group to underwrite a minimum $10 million capital raising to fund the acquisition of the Top Level Real Estate business... read more...

By |March 1st, 2018|Latest News|Comments Off on Real estate disruptor The Agency moves closer to major acquisition

The Agency Group Australia to acquire Top Level and unlock synergies in real estate

The Agency Group Australia (ASX: AU1) has given its national brand presence a boost after announcing it will acquire high-growth east coast real estate agency Top Level Real Estate Pty Ltd, which is managed by ex-McGraths Real Estate agents... read more...

By |February 12th, 2018|Latest News|Comments Off on The Agency Group Australia to acquire Top Level and unlock synergies in real estate

The Agency to raise $10m to acquire east coast real estate agents

McGrath rival The Agency Group has been forced to amend a 12-month option agreement and seek a $10 million capital injection from investors to acquire Sydney-based Top Level Real Estate. If successful, this deal alongside the acquisition of WA-based Sell Lease Property, will transform The Agency into a $50 million-a-year revenue business by the end [...]

By |February 12th, 2018|Latest News|Comments Off on The Agency to raise $10m to acquire east coast real estate agents

The Agency Group records strong growth, Top Level acquisition appears imminent

The Agency Group (ASX: AU1), which recently changed its name from Ausnet Financial Services Limited, has had a strong first year as a public company and appears poised to close a significant transaction in the near future, with its half yearly report giving an insight into its intentions to take up an option to acquire [...]

By |January 29th, 2018|Latest News|Comments Off on The Agency Group records strong growth, Top Level acquisition appears imminent

Acquisitions to turn The Agency cash-flow positive

The Agency – a company started by ex-McGrath star agents – will become a cash-flow positive business and won't need to turn to the market for funding once its beds down several acquisitions, according to the group's managing director Paul Niardone. Shares in the $11 million listed minnow were placed in a trading halt on [...]

By |January 29th, 2018|Latest News|Comments Off on Acquisitions to turn The Agency cash-flow positive

Real estate disruption: Eight to watch in 2018

Both residential and commercial estate agents have been hit by a wave of proptech disruption since Purplebricks launched in Australia in late 2016, with The Australian Financial Review calling it the industry's "Uber moment"... read more...

By |January 3rd, 2018|Latest News|Comments Off on Real estate disruption: Eight to watch in 2018