Dear Clients, Associates and Friends
Welcome To Our De Freitas & Ryan Monthly "E" News Update
New financial year begins well.
This calendar year seems to be moving extremely fast and it is really brought home when you have your staff already planning Christmas holidays and putting forward suggestions as to where De Freitas & Ryan should hold their Christmas function.
Anyway we’ve got a lot of work ahead of us to achieve our goals of continuing to build our business and improving our service to our wonderful clientele before we get the Chrissy decorations out.
We made two new staffing appointments in July and we are thrilled to have Paul Slayford and Eric Hsieh join our team. With the emergence of China this century it’s now referred to by many as the "Asian Century" and we can’t ignore the already massive influence that our Northern neighbours have and will have on us all moving forward.
In view of this our company has been quick to seize on these opportunities and we can now add the advantage of having Asian personnel at De Freitas & Ryan. This we believe will benefit our clients by further broadening our clientele and sphere of influence.
Now the first month of the new financial year has been an interesting one with varied results across the divisions of our company.
Residential sales continue to be challenging, however with the positive news that interest rates may be actually reducing instead of the continued threat of "definitely increasing next month" maybe, just maybe we might be about to see a return to increased demand in that area. Sales of vacant land have been slow and as a result developers have been offering some very attractive deals.
Commercial sales have been improving and we believe this is simply a matter of supply and demand pressures as there is a shortage of quality Commercial property on the market. The last few years have seen banks avoid lending on Commercial developments which has resulted in a real shortage of stock coming onto the market.
Business sales is an interesting area and again a rapidly growing division of our company. What begun as a "one man band" in the form of Tony Romano has now grown into a busy five person juggernaut. It’s an exciting area and one that needs constant supervision by management to ensure the legalities are as they should be.
Residential leasing continues to go from strength to strength and even though we have experienced some quiet times of late, our business is growing at a steady rate due mainly to referrals from existing satisfied clients.
In summary we have began the 2011 / 2012 financial year well, however we are aware that we need to be wary of the "pot holes" out there in the road ahead.
Thank you for taking the time to read our newsletter and we look forward to keeping you updated again next month.
Miguel De Freitas and the Team at De Freitas & Ryan
