Chat with us, powered by LiveChatBarry Plant group records 24pc sales jump

Barry Plant group records 24pc sales jump

Barry Plant has recorded an impressive 24.4 per cent on-year increase in sales during January, continuing on from a strong finish to 2012.

Barry Plant Group CEO Mike McCarthy said indicators are looking good for the first quarter of 2013.

"So far in January the Melbourne market has posted a 69 per cent clearance rate for auctions, compared to just 54 per cent for the same time last year, so this seems to be a trend across the board. The results follow the group's 12.2 per cent jump in sales in the final quarter of 2012 compared to the same period in 2011. The trend all year was for gradual increases, with the last quarter showing a significant lift in activity. This has then been followed up by a huge increase in January", Mr McCarthy said.

But Barry Plant, which has more than 80 offices isn't the only real estate-related company that is forecasting a strong year.

Seth Watts, managing director of Melbourne based marketing company Neo, which produces digital and printed material for the real estate sector, has also posted a robust start to the year.

"We've had a fantastic start to the year, with our sales up 80 per cent in our digital division", Mr Watts said.

"We've had a lot of growth in terms of our client base, but when you drill down into the numbers, we are seeing 25 to 30 per cent increases for our top clients year-on-year" Mr Watts said. The trend is very clear - 2013 is off to a very strong start that is much more positive than 2012.