The Real Estate Institute of Western Australia Council has elected Damian Collins as the Institute’s new President, following Hayden Groves’ announcement he would be finishing his term as President.
Mr Collins has served on the Real Estate Institute of Western Australia (REIWA) Council since 2011 and as Deputy President since 2015.
He brings to the Institute a wealth of real estate knowledge, having been in the industry for 25 years.
Mr Collins is the founder and Managing Director of Momentum Wealth, a Perth-based property investment consultancy, and Chairman of commercial property funds management business, Mair Property Funds.
He has completed a Bachelor of Business at RMIT University in Melbourne and a Graduate Diploma in Property at Curtin University in Perth, Western Australia.
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He is also a member of the Institute of Chartered Accountants in Australia and the Financial Services Institute of Australasia.
Mr Collins said he isn’t your traditional real estate agent, coming from a diverse background with wider property experience.
“It is an honour to be elected President and I thank Council for bestowing me with the privilege of representing the Institute on behalf of its members. I would also like to thank Hayden Groves for his hard work and dedication to the Institute during his tenure as President,” Mr Collins said.
“The Council and I are dedicated to continuing to build upon REIWA’s 100 year legacy of advocating on behalf of our members and the WA public.”
Mr Collins told WILLIAMS MEDIA in the short term he is hoping to continue the good work of his predecessor Hayden Groves, in making sure the industry remains transparent while other intermediaries come into the space, particularly real estate models such as Purplebricks.
“We have no problem with competition, we just want to make sure everything is transparent.
“I want to make sure that customers are aware of what they are getting for their money.
“Intermediaries say they are helping consumers get the best agents, but in reality they are only there to get commission.”
“The WA marketplace remains a challenging environment for agents and vendors alike and there is much work to be done as our local market begins its recovery,” Mr Collins continued.
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As the Perth market is recovering after a four year downturn, Mr Collins said real estate agents need to be wary of property technology trying to bypass agents.
“Technology will help us make real estate more efficient, but my goal is for agents to become a vital part of the transaction and add value.
“I want to see agents become more like advisers, that's where I see the future of real estate.
“I want to make sure agents are front and centre, and seen as key advisers to consumers, not just fulfilling a transaction.”
Mr Collins will be assisted in his role by Lisa Joyce from Joyce Property Investments, who was elected Deputy President.
The REIWA Council also re-elected the following office bearer: Chair Finance & Risk Management Committee – Joe White, JMW Real Estate.
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