Real estate merger aims for top spot
TWO leading and independent Cairns real estate agents are merging and they have already set an ambitious target to become the biggest in the Far North and one of the largest in Queensland.
Elite Real Estate Services and Twomey Schriber Property Group are set to combine their services and databases in December, move into a new office in Sheridan St, and operate as one entity under the latter’s trading name.
The announcement comes six months after Elite principal Karl Latham sold his rent roll to Twomey Schriber to focus solely on sales.
“Especially during these COVID times the world is ever changing and mergers are happening in many industries,” Mr Latham said.
“With us both being independent this opportunity allowed us to be light footed and quickly adapt with the rapidly changing market where we can stay in front, leading the field and, most importantly, continuing to achieve the best results for our clients.”
Twomey Schriber principal Kevin Twomey said the biggest winners of the merger would be the two agencies’ vendors and future buyers.
“We’ll cover all over Cairns and if you’re looking to sell, we’ll have a bigger list of buyers than anyone,” he said.
“If you’re looking to buy, we’ll have access to the most stock in Cairns.”
He said his agency was ranked No.1 in residential sales volume in Cairns averaging between 250 to 280, while Elite was tracking closely behind in third place, having reported about 200 sales in the past year.
“Together we’re looking at doing potentially 500 sales a year,” Mr Twomey said.
“That number will get us up there among the highest in Queensland.”