National property and advisory firm LAWD is growing its presence in the New England region with the announcement of a new, larger office in Fitzroy Street, Tamworth, opening in early August.
The move follows a recent refinement of LAWD’s local offering, with Daniel McCulloch departing the business, two years after LAWD acquired the real estate arm of McCulloch Agencies. All remaining staff members who came to LAWD at the time of the acquisition, including many who were born and raised in the area and are familiar local faces, will continue to work with LAWD servicing residential, lifestyle and rural markets.
LAWD Chief Executive Officer, Enda Foley, said one of the greatest values of the Northern New England team was delivering industry best and innovative approaches in property transactions to rural and regional Australia.
“LAWD is 100% Australian-owned and privately held, founded by experienced property professionals to bring together local relationships with the scale, resources and national and global connections needed to deliver exceptional outcomes. We prioritise professionalism and collaboration with each of our clients – from the family with residential property in regional areas, to institutional investors in both the agribusiness and development sectors,” Mr Foley said.
“Tamworth and the broader New England region are incredibly important to us, and we’re investing in the future with a strong team and a long-term base of operations. This new office is a signal of confidence in our people, the region, and the value we offer local clients.”
Diverse buyer base fuels buoyant rural market
LAWD Director, George Barton, a Tamworth local and third-generation primary producer, said the New England and North West regions of New South Wales remained in high demand from a diverse buyer base.
“While corporate demand remains strong, we’re also seeing significant interest from buyers from Victoria in the south through to Central and Northern Queensland, along with committed local buyers and family enterprises,” Mr Barton said.
“These groups are drawn to our region’s favourable seasonal conditions, strong commodity prices and strategic proximity to feedlots, processors and key markets for grain, along with other regional services and infrastructure.
“The number of high-profile transactions stewarded by LAWD over the past two years have shown the resilience of the region’s rural property market.”
Some of these transactions include Wirribilla (Walcha), Jindabyne (Ashford), the One Tree Aggregation (North Star), Elmore Station (Inverell), and Glenavon (Tamworth), along with several off-market sales.
“The local Tamworth team benefits from LAWD’s unparallelled connectivity with our own transaction, valuation and corporate advisory professionals, along with our links to national and international capital seeking to deploy within the region, ensuring the widest possible exposure to all possible buyers,” Mr Barton said.
Uptick in residential interest as Spring approaches
LAWD Sales Director (Residential), Kristy Reid said that LAWD had seen an uptick in attendance at open homes over the past month at both residential and lifestyle properties.
“While there was a quieter period over the first two months of winter, recent weeks have shown an increase in activity and interest in the residential and lifestyle markets,” Ms Reid said.
“Equine lifestyle homes in this area have always been popular, but we are now seeing enquiry across our broader lifestyle properties rising and are anticipating stronger demand overall as we head into the second half of the year.”
