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Why North Parramatta is the place to be for this BDM

16 October 2020 Grace Ormsby
Richard Masigan

In just three months, one business development manager has grown a rent roll from 68 to 93.

Richard Masigan joined Parramatta’s RE/MAX Xtra not even four months ago, and he’s already got some lofty goals: “My goal is to have 140 on the rent roll by the end of 2020 and at that point we’ll be growing the property management team.”

The RE/MAX Xtra office specialises in both property and asset management and sales.

It’s a return to the RE/MAX network for Mr Masigan, who first entered the real estate industry in his early 20s with Levent Ince at Real Estate One Minchinbury, before it joined the RE/MAX network in early 2016.


Since then, Mr Masigan has done a stint in nearby Mt Druitt, and at 33 years of age, he himself became a rentvester.

“Up until this time, I had been servicing clients through Western Sydney, which is where I bought my first investment property. I moved closer to the heart of Sydney at that time,” he explained.

Now, he’s located at Wentworth Point, a 15-minute drive from RE/MAX Xtra, and his focus is on the North Parramatta market.

According to the BDM, “more stock means greater opportunity to grow my business”.

“Parramatta is becoming the next significant city, one of Greater Sydney’s metropolitan city centres, and they say Greater Parramatta, which takes in Parramatta CBD, Parramatta North and the Westmead health and education precinct, is fast emerging as the centre of Sydney and will experience significant growth and change over the next 20 years,” he commented.

He said his return to the RE/MAX brand is because of its culture.

“RE/MAX gives agents and franchise owners the flexibility to operate their businesses with great independence. It puts salespeople first and promotes the business within a business. It allows me to develop my own business within RE/MAX Xtra,” he said.

“As a BDM, I’m growing business for RE/MAX Xtra as well as growing my own business.”

Why North Parramatta is the place to be for this BDM
Richard Masigan reb
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