Real Estate Business | By Juliet Helmke | 26 February 2024
The Agency Group Australia delivered its results for the first half of the 2024 financial year, reporting a 9.4 per cent increase on the first half metrics from last year in the number of properties sold, and a 28.7 per cent increase in the value of properties sold, reports REB.
The Agency’s managing director and CEO, Geoff Lucas, reported that the shift to eastern seaboard markets ultimately allowed the firm to tip into positive EBITDA territory.
“We are pleased to be reporting a record half result for the number of properties sold and resulting gross commission income generated. Furthermore, we are pleased to have moved through the critical mass stage for our business now generating a positive EBITDA result, with $0.56m EBITDA recorded,” Mr Lucas said.
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