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The firm generated a record level of revenue during the most recent financial year, bringing in $52 million for the first time in its 19-year history.
This represents a substantial increase of 9 per cent over its total revenue in financial year 2020–2021.
In addition, the Sydney-based agency reported crossing a new threshold in its average selling price, drawing in roughly $2.18 million per property in FY22, besting FY21’s figure of $1.93 million.
With more than 120 staff across its four offices, the firm also notched a new record in its property management arm. Expanding its purview to manage over 3,000 properties — more than ever before — BresicWhitney increased its new management agreements by 20 per cent, representing its greatest level of growth in the portfolio.
Chief executive Thomas McGlynn noted that it hadn’t been an easy year in which to notch these records.
“The results speak not only to our strategic direction and mission to be Sydney’s leading property group, but to our unrelenting commitment to our people and our clients. For the business to generate its highest revenue on record despite the cooling market reflects our focus on opportunities amidst the challenges, and the trust our clients continue to instil in us,” he said.
Mr McGlynn was also quick to credit the commitment of his team for the record-setting year.
“It also demonstrates the skill and wise judgement of all our people. The value of the sound advice and counsel they provide for our clients and for one another cannot be understated,” he said.
BresicWhitney’s head of property management Chantelle Collin agreed that the team had worked to overcome numerous challenges.
“To achieve these results in such testing conditions is evidence of the team’s resilience, adaptability and continued focus on providing holistic investment advice to our clients,” Ms Collin said.
BresicWhitney chief operating officer Will Gosse, meanwhile, spoke to the importance the company placed on brand recognition and how it had paid off during unsettling market shifts.
“The market has always appreciated our brand as a point of difference, but we noticed that through these times of peak uncertainty, sellers and investors looked more to brands they trusted as a sort of stabiliser or anchor,” he said.
“We know that property-related decisions represent some of the most significant times in life for people and we’re honoured by the role we continue to play in this space.”
Looking to once again set a high bar, Mr McGlynn said that recruitment, retention and training would form the core of their strategy in FY23.
“We cannot achieve great results without great people, and great people thrive when they feel supported and empowered. This is as important at a market peak as it is when conditions change or slow. We remain committed to providing meaningful growth and development opportunities and experiences for all our people, from our leading agents to our operational and administration professionals,” he said.
ABOUT THE AUTHOR
Juliet Helmke
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.
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