Westpac has announced it will strengthen its ties with the Real Estate Institute of Western Australia (REIWA), giving member agents access to discounted training courses and guidance with financial management.
“Through this new partnership, Westpac has the ability to provide specialist expertise to REIWA members across the state to help manage their turnover more efficiently and to unlock potential growth,” Westpac national head of real estate, Jason Roach, said.
“Under this partnership, Westpac’s real estate agency unit has been able to use its in-depth industry knowledge to support REIWA initiatives, and be available at all times to provide advice on the financial or cashflow side of a real estate business.”
The deal will include a number of joint events being planned over the coming months, including a series of breakfast meetings for REIWA members with local Westpac bank managers along with opportunities for REIWA to access senior economists and other specialists when they visit WA.
Westpac said the deal with REIWA forms part of “a national focus on supporting the industry, which is reflected in commercial sponsorships across the country with the local real estate institutes.”
It follows the announcement of a similar deal with REINSW earlier this year.
Westpac WA state general manager commercial, Jay Watson, said the partnership would give REIWA members an opportunity to improve their day-to-day financial management skills.
“Our real estate agency team takes the time to work with owners to develop sustainable growth strategies using the potential in their balance sheets.”
Westpac said the partnership means that REIWA members will have access to a range of educational resources, including the Davidson Institute.
“The Davidson Institute provides a complete educational resource including local seminars, short courses, accredited courses and financial education and advice,” the company said.
REIWA chief executive Anne Arnold said that member agencies benefit from the relationship with Westpac, particularly as it applies to improving financial skills within their businesses.
“Not only will Westpac provide these financial management workshops to our younger members at no cost, but in addition to this is offering significantly discounted workshops to other REIWA members and financial planning around topics such as succession planning,” she said.