Knight Frank Perth and Mack Hall Real Estate enter into partnership
Knight Frank and Mack Hall Real Estate Announce New Partnership in Perth
Knight Frank’s office in Perth has partnered with Perth’s premium agency for prestigious residential properties, Mack Hall Real Estate.
The partnership, dubbed “Mack Hall in association with Knight Frank,” means the two companies will work together in the luxury residential space to secure listings and serve customers.
Knight Frank partner and head of Western Australia Craig Dawson said the partnership would be a mutual added value opportunity for Knight Frank and Mack Hall Real Estate.
“We are very happy to enter into this partnership with Mack Hall Real Estate, which is the upscale residential real estate agency in Perth, selling the finest properties in the best suburbs,” he said.
“The Perth residential market is experiencing strong growth, particularly the luxury market, which is the result of a combination of factors, including the way COVID-19 has been managed, as well as accelerating growth. demographic with improved mining activity and resilient commodity prices. .
“We expect growth to continue this year, with the city driven by continued confidence, as well as low interest rates and pent-up demand, as we are currently seeing across Australia.
“Our partnership with Mack Hall will increase our commercial capacity in the luxury market and allow us to provide the best luxury residential offering available in Perth to our current and future customers. “
Knight Frank’s 2021 Wealth Report, launched earlier this year, found Perth the top-ranked city in Australia for luxury residential price growth compared to 2021.
Buyer interest is coming from locals as well as around the world, with Western Australia’s capital ranked 34th in the world for luxury residential price growth, growing 3.6% annually, up from 0.9% a year earlier, when it was ranked 63. This growth was also nearly double the world average of 1.9% for 2020.
The 2021 Wealth Report forecasts a 3% growth in luxury residential property prices in Perth over 2021, with the city’s growth expectations leading the way, with the Gold Coast and Sydney.
The research also found that Perth had the third highest growth of high net worth and very high net worth individuals in Australia in 2020, accounting for 11% of growth in Australia, positioning the city behind Sydney and Melbourne.
Mr Hall said the partnership with Knight Frank would provide luxury property sellers with the highest level of service in the market, with unmatched global reach.
“I have argued that sellers of prestigious properties will want more than a High Street agent and their local experience,” he said.
“There are several top agents in our market, but do they have access to the best network in the world, and especially in South East Asia.
“Knight Frank has more than 500 offices worldwide and a massive presence in Jakarta, Singapore, Kuala Lumpur, Bangkok, Hong Kong, Shanghai and Tokyo, as well as its Australian offices.
“We will be the only global residential agency in Western Australia, and our clients can be part of this opportunity. “
Mr Dawson said the partnership would strengthen Knight Frank’s residential offering in Australia.
“The national residential real estate market is now flourishing and, looking forward to a very strong year for this sector, Knight Frank is strengthening its offer to offer the best possible service to its customers.
“At Knight Frank, we aim to partner with our clients in all of their real estate projects, whether commercial or residential. The partnership with Mack Hall Real Estate supports this philosophy as it offers clients of both organizations, many of whom are already shared clients, holistic service.
“It also aligns with our overall strategy of selling the world’s most prestigious property.”
Source: From Groot Communications