It has been a stellar start for LJ Hooker Box Hill - one of the real estate network's newest offices - with a staggering $51 million worth of property sales and exchanges recorded in its first month of operation.
Principal Ankush Kohal put their phenomenal success down to a 'tried and true' real estate sales strategy - door knocking and determination. The former hospitality worker, who started in property just four years ago, recently left Ray White Kellyville Ridge to start his own agency with LJ Hooker in Box Hill.
The new office opened for business on April 1, with seven sales recorded just a week later, each fetching between $3.85m to $3.9m. The homes are located in in the sought-after suburb of Castle Hill, within walking distance of the Sydney Metro North West and suitable for redevelopment, STCA.
"It is very specific door-knocking because the properties are located in an area where people are keen to sell, so I approached them and then contacted a developer" Mr Kohal said.
"The deal was done very quickly with four selling on one day and the other three the following day."
In addition, Mr Kohal has also negotiated a multi-million-dollar sale of a major parcel of land in Box Hill and listed several residential properties with one already selling. In total, the new office has achieved approximately $30m of unconditional sales and around $21 million of conditional sales, which Mr Kohal believes is just the beginning.
He is confident they will be able to improve their sales turn-over each month. His wife Saruchi Sharma is a partner in the business. They are joined Neeraj Mehta and Gavey Singh with Mr Kohal describing his team as "hard workers".
Mr Kohal said they had been impressed by the abundance of resources offered by the LJ Hooker network, which combined with their local market knowledge and expertise, will ensure greater customer service experiences.
"The time was right to start my own agency and for me there was really only one choice and that was LJ Hooker because they are such a trustworthy brand and have the technology, resources and corporate team capable of supporting our growth," he said.
"We also wanted to be part of a brand that spans generations and helps to give us a competitive edge, and we have already seen this during our first month of operating under the LJ Hooker banner."
LJ Hooker Group’s Head of Network Performance, Stephen Mutton, said the new Box Hill office demonstrated the value seen by young agencies in joining an established network - benefiting from cutting-edge technology to fuel efficiency and effectiveness such as LJ Hooker’s industry-first Vendor App which allows agents to communicate in real-time with their clients.
"I'm pleased that Ankush chose LJ Hooker as his brand of choice to support him in Sydney’s growing north-west areas and by a talented team who have certainly shown initiative and drive in their first month of operation,” Mr Mutton said.
"LJ Hooker has been an industry leader for over 90 years, and we are energised by young dynamic teams who are entrusting us to support and guide them on their business growth journey.
"Our network of offices is backed by a national head office team that provides end-to-end support including marketing, growth strategy, lead generation, and administrative support."
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