For the last three years, since the inception of The Agency, the company's growth plans have included Canberra as a high priority and now that dream has come to fruition.

Canberra is on a growth trajectory with recent CoreLogic data showing dwelling values increased by 2.3 per cent over December and 3.14 per cent in January 2020.

The ACT has one of the lowest unemployment rates in the country, at 3.1 per cent, and given it holds the unique title of being the country’s capital with many government agencies based there, the standard of living is high and the economy is strong. 

“The Agency Group has always seen Canberra as a top priority in our national growth plans, it is such a unique city in terms of location, standing and design," said Matt Lahood, CEO of The Agency.

"It is masterplanned with community services that are second to none and a robust economy. 

“We have been waiting for the right partnership to fulfil The Agency’s Canberra expansion, which we have found in Peter Micalos, our new senior partner.

"Peter has been a trailblazer in the Canberra property market for many years as an influential property development and real estate executive.” 

Mr Micalos holds over 15 years of experience in senior roles with highly successful property developers, and has participated in approximately $5 billion worth of property transactions and been closely involved in Canberra’s most iconic real estate developments.

Previously General Manager - Development at Geocon and now founder of Intellectual Property, a boutique real estate and development management business, Peter Micalos has also been looking for the right national partner. 

“I have been working closely with one of Canberra’s fastest-growing, high-quality developers for many years, we currently have a pipeline of 1,000 units, to the value of $500 million, coming to market over the next 12 to 18 months,” said Mr Micalos.

“We needed the right national partner to market and sell this incredible development pipeline. 

“The Agency is a national, ASX-listed company with a truly unique model.

It is run by real estate leaders who are backed by a high-calibre team, world-class systems and an expansive national reach.” 

Along with Peter Micalos’ project pipeline, that is estimated to grow to 2,000 units over 24 months and a total value of $1billion, Peter Micalos will be establishing The Agency’s bricks-and-mortar hub in Canberra and initiating a major recruitment drive.

“The Canberra property market is such an exciting space, especially when you consider the investment triangle that connects investors from Melbourne and Sydney to the capital,” said Thomas McGlynn, The Agency’s National Head of Sales.

“Canberra has consistently achieved clearance rates above 70 per cent and there have been a number of predictions that home values will increase by 4 to 5 per cent this year alone.” 

The Agency Canberra will offer residential and commercial sales, residential and commercial property management and project marketing and sales.

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