{"id":33076,"date":"2021-06-27T16:01:08","date_gmt":"2021-06-27T04:01:08","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33076"},"modified":"2021-06-27T16:01:08","modified_gmt":"2021-06-27T04:01:08","slug":"stone-sets-eyes-on-new-zealand","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/stone-sets-eyes-on-new-zealand\/","title":{"rendered":"Stone sets eyes on New Zealand"},"content":{"rendered":"<p><strong>PHOTO: Stone Real Estate | Stone Castle Hill<\/strong><\/p>\n<p>Speaking exclusively to REB, Stone\u2019s founder, director and CEO, Peter Mumford, has indicated that the franchise group now has plans to not only expand its reach across Australia, but also to enter the New Zealand market by the end of 2021.<\/p>\n<p>With more than 40 offices now in operation, Mr Mumford said the network expects to hit 50 in the next four to five months, with a jump across the ditch definitely on the near horizon.<\/p>\n<p>\u201cWe\u2019re about to launch into <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=New+Zealand&amp;submit=Search\">New Zealand<\/a>,\u201d he commented.<\/p>\n<p>https:\/\/www.instagram.com\/p\/COhaIF-jzSL\/?utm_source=ig_web_copy_link<\/p>\n<p>\u201cAnd we\u2019re hoping to push more into Victoria later in the year with the appointment of the right person down there to help us grow.\u201d<\/p>\n<p>He sees Australia\u2019s neighbour \u201cas a great opportunity\u201d for the brand.<\/p>\n<p>While there are nuances to the marketplace that aren\u2019t present domestically, Mr Mumford did consider the country as \u201cprobably one of the easiest for us to go to\u201d.<\/p>\n<p>He said: \u201cIt\u2019s certainly easier for us to go there than it is to [go] to Perth\u00a0\u2014 it\u2019s closer.\u201d<\/p>\n<p>With Stone looking to build its presence across both Australia and New Zealand, the CEO indicated that the network has capacity for about 200 offices\u00a0\u2014 citing coverage of \u201cvery large territories\u201d in a business model that\u2019s flexible enough to have offices encapsulating numerous suburbs.<\/p>\n<p>It\u2019s been a positive 12-month period for the business, especially when comparing the current outlook to what was expected of the real estate industry more widely when COVID-19 hit early last year.<\/p>\n<p>Mr Mumford himself has conceded that \u201cno one would have expected it to rebound as quickly as it did from July\u201d.<\/p>\n<p>\u201cWe put on about five offices through that period, from April to December\u2026 We didn\u2019t expect to!\u201d he said.<\/p>\n<p>The CEO still classifies Stone as a \u201csmall business\u201d, even with the speed of onboarding and the plans for growth, but argues the network\u2019s plans for growth haven\u2019t wavered.<\/p>\n<p>\u201cWe\u2019re still on the same path,\u201d he said, while also hinting at even faster growth in Stone\u2019s future.<\/p>\n<p>READ MORE <a href=\"https:\/\/www.realestatebusiness.com.au\/growth\/21684-stone-sets-eyes-on-new-zealand\">REB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Stone Real Estate | Stone Castle Hill Speaking exclusively<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/stone-sets-eyes-on-new-zealand\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098519,478098535,478098861,478116657,478115594,478116656,478114952,478116655,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098921,478098509],"class_list":["entry","author-data123nz","post-33076","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-home-ownership","tag-house-prices","tag-new-zealand","tag-new-zealand-market","tag-new-zealand-real-estate-market","tag-nz-real-estate-brands","tag-nz-real-estate-offices","tag-peter-mumford","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-franchise","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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