Sydney real estate heavyweights settle Double Bay joint venture

Bill Malouf and David Highland confirmed the settlement of Highland Double Bay Malouf.

The Announcement:

Two heavyweights of the Sydney real estate scene have joined forces to create one of Sydney’s most experienced independent property agencies – and they are predicting continued strength in the market in 2022 as buyers and sellers adjust to the post pandemic lockdowns.

Industry veteran Bill Malouf and David Highland, head of Highland Property Group, today confirmed the settlement of Highland Double Bay Malouf in one of the biggest real estate mergers in Sydney in recent memory.

The partnership will see the continued expansion of the Highland network – one of Sydney’s leading independent agencies which has achieved more than $2 billion in sales in 2021 and represents more than 50 development groups in Sydney.

Mr Malouf has dominated the eastern suburbs prestige market in a career spanning 40 years and brings his son David into the partnership as they bring a ‘new style of real estate’ to Sydney’s east.

“There certainly isn’t a bigger name in prestige real estate in Sydney than Bill Malouf, and we see an incredible opportunity to partner with Bill and David and bring a structured, ‘concierge style’ service that is reflective of what customers are looking for,” said Mr Highland.

“Combined with the fresh, customer-driven approach we will deliver to Double Bay, we look forward to building our operations in the context of a very strong real estate market over the last 18 months that we believe will continue into 2022.

“Our partnership is certainly reflective of the changing needs of the marketplace for greater levels of accessibility and service via a one stop service offering and which aligns with the changing needs of customers in the real estate environment.

“What we have found is the market has been very hot for 18 months and we are cognizant that the market has tended to become quite transactionally focused. We want to change that with our focus on the client for life experience through our broad service offerings.”

Mr Malouf said Highland Double Bay Malouf would bring a fresh new approach to buying and selling in Double Bay and the eastern suburbs where the needs of buyers and sellers was changing.

“We’re very mindful of drawing on our experience to deliver the customer experience based on the needs of the time,” he said.

“We are certainly seeing buyers and sellers desiring a more boutique and one stop shop approach to dealing with their needs and that will be our focus.

“The fit with David is the right one. I want to do what I do best – and that’s provide my customers with the best level of service – and amalgamating with the operations of Highland Property Group with such a structured and back of house service offering enables me to do this.”

Mr Highland’s company has emerged as one of the leading private and independent agencies, emanating from Sutherland Shire where it dominates the off the plan and prestige market.

The company has achieved phenomenal results in 2021, including a foray into the Gold Coast with Cronulla’s Sammut Group which launched a luxury beachfront apartment project at Surfers Paradise which netted $110 million in sales in less than two weeks.

The off the plan project has set a price record for the Gold Coast of almost $5 million per apartment.

Mr Highland said the partnership would continue to service and grow its market share in the eastern suburbs while Highland would continue to service the prestige market throughout Sydney as well as a specialized approach to off the plan selling, financial services and property management.

“We believe the strong market sentiment will continue although perhaps not with the same energy as we experienced in 2021, and we look forward to tapping into the new opportunities that present themselves bringing our own distinct flavour to the marketplace.”

Source: Media Hunt Media and Communications

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