Just a week before I departed for my round the world trip Nexus Real Estate became ACTON Coastal. It was crazy in the office with new people everywhere assisting in the office changeover. The computer guys helped me a lot that week. The following is what Graeme Baxter the ACTON CEO had to say about our new home.
I am pleased to say that ACTON has launched into the new financial year with a flying start after opening ACTON Coastal in the northern coastal suburbs of Perth.
ACTON Costal was established after a leading real estate agency in the area, NEXUS Real Estate, merged with ACTON.
On behalf of ACTON, I would like to welcome Nexus Directors, Chris Jonker and Alan Chitty along with their whole team to the ACTON Group.
The ACTON Coastal region will initially begin with two offices strategically located in North Beach and Mindarie with further offices planned to be opened in the near future.
Chris, Alan and the whole team at ACTON Coastal will now set a new benchmark for service in the northern coastal real estate market based on the winning formula and ethics that have helped ACTON to become the leader in premium property sales for more than 40 years.
This is on exciting new development for ACTON as we believe our company will achieve major growth in this region of Perth due to the Iarge number of quality homes in the area. ACTON is looking with confidence to the new financial year after a very challenging yet highly successful 2010/2011.
During the past year, our group experienced strong growth due to our strategic expansion in the southern and eastern suburbs of Perth with the launch of several new offices in these areas of Perth. I om pleased to say that these new offices have been highly successful and I have every confidence that ACTON Coastal will emulate their success in the northern coastal suburbs over the coming year.
There is also growing signs of on improvement in the overall real estate market which ACTON believes will gain further momentum during the coming financial year.
The positive indicators we experienced earlier in the year have flowed through into the following months, with ACTON recording robust sales for the June quarter.
While sales from month to month have remained fairly stable, they are all up significantly on the corresponding months for last year, suggesting on overall improvement in the market. Seven months of interest rate stability and a strong underlying economy have seen confidence slowly return to the market and we believe this confidence will only increase during the coming 12 months.
ACTON is also recording strong activity in the rental market which is encouraging for investors. In particular, the rental vacancy rote for Perth has fallen to 3.2 per cent and this is putting upward pressure on rents. ACTON South West has also reported an increased demand for rentals in Busselton, Dunsborough and Margaret River.
In conclusion, I believe the coming financial year will be the most successful to date for ACTON as we continue to build upon our past successes and capitalize on exciting new market opportunities in the Western Australian real estate market.