Ensure you never miss an issue of the
real estate business bulletin
R&W fills gap on NSW Central Coast

R&W fills gap on NSW Central Coast

by Reporter 0 comments

Simon Parker

Richardson & Wrench (R&W) said its new office at Umina, located on the NSW Central Coast, filled an important gap in the franchise group’s network coverage.

“I believe the peninsula area is on the brink of taking off,” said new principal of R&W Umina, Phil McCord.

“Up to 70 per cent of buyers are coming from Sydney, where many people are priced out of the market. Good properties at the lower end are selling strongly and for investors, returning solid rentals.

“The better quality prestige waterfronts that have been well renovated and priced correctly are also finding ready buyers.”

R&W executive director Andrew Cocks said the Central Coast was an important part of the group’s strategy for expanding the network into locations with solid potential for growth and in territories alongside those where it had existing brand strength.

“We are fully committed to increasing our presence on the Central Coast, building on the strength of the network throughout Sydney and regional NSW.”

Mr McCord is a “long-time Umina resident”, and was returning to the group after first joining R&W in 2000. In 2002, he was named the company’s ‘Rookie of the Year’.

He left the group in 2004 and established his own franchise under another brand the following year, R&W said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
R&W fills gap on NSW Central Coast
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?