Movers and Shakers

Laing+Simmons East Group opens new Randwick office 

Laing+Simmons East Group, is expanding its reach in Sydney’s Eastern Suburbs, with the opening of a new office in Randwick driven by Nicholas Efrossynis, Dean Efrossynis and Robert Paridis.

The Announcement:

Laing+Simmons East Group, already comprising the network’s Potts Point, Bondi Junction and Kingsford offices, has just expanded its coverage of Sydney’s Eastern Suburbs, with the opening of a new office servicing the Randwick and Coogee markets. 

Laing+Simmons Randwick | Coogee is located in the heart of The Spot, Randwick’s iconic social destination, and provides the full spectrum of real estate services to the community.

It does so with the additional benefits unlocked by the Laing+Simmons East Group’s shared services model and Laing+Simmons Valuations. 

Being part of the Laing+Simmons East Group means the new office’s customers benefit from cross office referrals, access to different expertise and skill sets, vastly expanded databases of buyers, sellers and tenants, collaborative campaigns, and additional tools and systems to ensure its agents are empowered with the best resources available. 

“Laing+Simmons East Group offers broad scale market coverage in Sydney’s key eastern suburbs markets and the addition of the new Randwick | Coogee office strengthens this position,” principal Dean Efrossynis said.

“By combining the teams, resources, expertise, systems and administrative functions of our four offices, we offer customers an unmatched level of coverage which ultimately leads to better results.” 

Laing+Simmons Randwick | Coogee is a professional collaboration of industry leaders Nicholas Efrossynis, Dean Efrossynis and Robert Paridis, who have over 100 years of combined real estate and valuation experience between them. 

Mr Efrossynis, Mr Paridis and Mr Efrossynis are also shareholders in the Laing+Simmons National Corporation and franchise network of offices. 

Laing+Simmons Randwick | Coogee joins the East Group at an interesting time in the local market. 

“The lack of stock continues to drive price growth,” Mr Efrossynis said.

“This was evident even through the rising interest rate cycle and now that it appears rates have peaked, the strength of demand has intensified. 

“The government’s proposed housing reforms add another layer of intrigue for people looking to live, or build, in the east 

“Of course, the proposed housing reforms are one side of the coin. 

“The other is feasibility for developers, and while there is heightened interest in properties with upgrade and development potential, especially in locations close to public transport, conditions remain challenging when it comes to the actual progress of new supply. 

“In the short term, the next-to-zero rental vacancy rate and consistent value growth on offer in Randwick, Coogee and surrounding areas are set to continue. 

“The enduring appeal of the eastern suburbs remains clear.

“The Randwick and Coogee area has a distinct identity – it’s not Bondi – and there are plenty of people awaiting the opportunity to stake their claim and secure their future in this cosmopolitan part of Sydney.”

Source: Laing+Simmons

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