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Network merger doubles market share

Network merger doubles market share

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Staff Reporter

A successful merger between two major real estate networks in Queanbeyan has helped one franchisee office increase its market share to 30 per cent.

LJ Hooker Queanbeyan merged this month with Maxwell and Co Real Estate and will now be co-owned by Mike Dyer and Jason Maxwell.

Mr Dyer, who has been the franchise owner of LJ Hooker Queanbeyan since 1988, welcomed Mr Maxwell to the LJ Hooker network, saying the new franchise offering was the perfect fusion of experience, heritage, ideas and a fresh approach.

“We have been able to retain the LJ Hooker brand and merge that with an independent boutique real estate company,” he said. “Both offerings come with a strong family heritage, an impeccable reputation and attract strong market share.

“Combined, we now have 16 staff and twice the market share. We also still continue to offer the best service in residential sales and a substantial rent roll property management portfolio, finance, conveyancing, commercial and rural property leasing and sales.

“It’s the best of two established business cultures combined. This merger has been an exciting, hectic and rewarding time."

LJ Hooker regional NSW south/ACT manager David Colman said the merger between the two most dominant real estate businesses in the Queanbeyan area strengthened the LJ Hooker office even further.

“This merger not only brings together Mike’s experience and Jason’s energy and family real estate heritage, it also doubles our market share and our property management as well," he said.

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Network merger doubles market share
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