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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Property manager will pay the rent after 14 days

By Andrew Jennings
02 May 2014 | 1 minute read

One Queensland property management company is so certain it can get property rentals leased quickly that if after 14 days it doesn’t have a top-class tenant in the property, it’ll start paying the rent on day 15.

Townsville-based Coral Sea Property has said it is willing to take the step to give landlords peace of mind that the rent will keep coming in, even if the property is vacant.

We feel if your property is still vacant after 14 days, we are not doing our job, said Shaun Podbury, principal at Coral Sea Property.

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He added that if landlords are not “100 per cent delighted” with Coral Sea’s property management service, it will return that month's management fees.  

He believes it keeps his staff on their toes, and the landlord "completely delighted".

Mr Podbury added that should a landlord want to leave, the company will return the file within 60 minutes and let them out of the contract. "No asterisks, no fine print, no questions asked."

The principal has already put his money where his mouth is and forked out a few novelty-sized cheques to landlords.

One couple who owned a property enjoyed a windfall of over $1000 after it took Coral Sea 32 days to get their property rented.

The move is part of a wider marketing push from Mr Podbury and his staff to stand out from the crowd. This has included a charge to a stonewash purple and blue uniform.  

“We decided we wanted to do things a little bit differently, so one of the things that we chose to do is look at ways to make our brand visible,” Mr Podbury told Residential Property Manager at the recent LPMA Conference, adding that the group worked with a marketing team and took on a “Richard Branson-style philosophy”. 

Coral Sea

Property manager will pay the rent after 14 days
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.