AFTER expanding into Queensland earlier this year, Victorian greenfield market leader RPM Group has launched its Brisbane office.
The Brisbane office is the company’s first move in its national expansion across the eastern seaboard, supported by thorough assessment of the local market and the mapping of key growth areas including active land estates in South East Queensland.
RPM Group is targeting Queensland’s developer market and is responding to demand from the market’s clients by providing it with the same level of research and insights as in Victoria.
The company uses GIS technology to show the status, sales history, and ownership of sites and approved development uses. Having mapped around 2000 sites, including about 700 active land estates.
“Currently, we have a significant amount of capital looking to be placed into the market – from local, interstate, and international clients. They are wanting industry-leading market intelligence to assist with deployment – this is what RPM has always been known for,” said Ed Wright, national director and head of transactions & advisory at RPM Group.
RPM Group has also announced the appointment of industry stalwarts Peter Neale and Clinton Trezise to head up the expansion into Queensland, as directors.
“We are thrilled that executives of their calibre have joined RPM on our first interstate expansion,” said Gary Dunne, CEO at RPM Group.
Neale is joining from Fridcorp in Sydney and Trezise from Colliers, with the pair already working with Economic Development Queensland on a project in Carseldine and Dalgetty Developments on a new project at Delaneys Creek to sell the balance of lots at the projects.
“We see huge growth potential in Queensland, particularly with mixed-use communities such as Carseldine Village incorporating diverse and affordable residential, aged care, small-scale commercial and retail, along with bushland and recreational open space areas, all within a short walk of a train station,” said Neale.
On top of these two projects, the new Queensland team has a further pipeline of 3,000 lots across six upcoming projects.
“RPM has the ability to harness data to drive better outcomes for its developer customer base, which is our key competitive advantage in Queensland,” added Trezise.
In tandem with the appointments, the group has also launched its first South East Queensland Market Update, noting the positive medium to long term growth outlook despite challenges.
“Housing supply remains constrained and unable to meet the population growth for owner occupiers and renters with up to 220,000 people expected to leave NSW for Queensland over the next five years,” said Trezise.
“Values have increased significantly over the past two years and affordability challenges mean buyers will need to look further afield such as the Western corridor out to Fernvale, south to Flagstone and the Scenic Rim or developing regional centres such as Ripley to find a home.”
