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As house prices in Mahurangi reach new records, a new business has been established to combat rising commission fees.
Warkworth real estate agent Rob Hall says the industry needs a shake up and started One Agency Hall Property Group with his children Martin and Teresa after becoming increasingly uncomfortable with the hikes in fees.
The One Agency model started in Australia and has gained a following as a non-franchised real estate company, enabling agencies to establish their own fee structure.
“Most real estate companies in New Zealand charge a commission based on a percentage of the sale price,” Rob says. “But since I’ve been working, the average price at Omaha has gone from $230,000 to $1.1 million and commission fees have gone through the roof. We have started a fixed fee structure, which establishes exactly what the seller has to pay at the time the property is listed, which is much fairer.”
The Halls have decades of experience in the industry.
“We live and breathe real estate,” Martin says. “It’s all we talk about.”
Rob worked for Shell and ran a service station in Kamo for a decade, before relocating to Omaha 16 years ago and becoming a real estate agent.
“I absolutely love it,” Rob says. “It can be stressful, but it’s a happy business. The vendors are happy to sell and the buyers are happy starting a new chapter in their lives. I try and take the stress out of it by being upfront and honest.”
Martin started working in property finance and project management before getting into real estate.
“I like the contact with people,” Martin says. “It’s important to have a feel for emotions to understand what people want.”
Teresa has been working in real estate on and off for well over 20 years, working in Auckland before relocating to Mahurangi recently.
The company started in August and opened its headquarters on Queen Street in the former Warkworth Family Footwear shop last month.
