RPM Group a leader in the Victorian greenfield market set its sights on Queensland earlier this year. The company opened its Brisbane office aiming to take a slice of the developer market. 

RPM has established an impressive reputation within Victoria offering services that include transactions & advisory, project marketing, property management and more – all bolstered by industry leading research, data, and insight capabilities.  

Driven by demand from existing clients within the Queensland market, RPM now provides the local market the same level of research and insights they are renowned for in Victoria.  

Its Brisbane office represents the company’s first step into national expansion across the eastern seaboard – a strategy underpinned by thorough assessment of the local market and the mapping of key growth areas including active land estates in South East Queensland. Using GIS technology showing the status, sales history, and ownership of sites and approved development uses, RPM has mapped around 2000 sites, including about 700 active land estates.   

The company announced that Queensland industry veterans Peter Neale and Clinton Trezise have been appointed to spearhead RPM’s expansion into the Sunshine State. RPM CEO Gary Dunne said bringing on Mr Neale and Mr Trezise as directors of the Queensland division was a coup for RPM, with both bringing deep sector knowledge of the local market and property industry.  

“We are thrilled that executives of their calibre have joined RPM on our first interstate expansion,” Mr Dunne said.  

Mr Neale, who most recently worked for developer Fridcorp in Sydney, and Mr Trezise, who joins from Colliers International, have hit the ground running working with Economic Development Queensland on a project in Carseldine, as well as Dalgetty Developments on a new project at Delaneys Creek, with a further pipeline of 3000 lots across six projects to come.  

Their debut projects in the state include selling the balance of lots for the net zero energy emission freehold terrace homes at Carseldine Village, in Brisbane’s north, as well as a boutique acreage development, Delaneys Country Estate at Delaneys Creek, northwest of Brisbane.  

“We see huge growth potential in Queensland, particularly with mixed-use communities such as Carseldine Village incorporating diverse and affordable residential, aged care, small-scale commercial and retail, along with bushland and recreational open space areas, all within a short walk of a train station,” Mr Neale said.  

Mr Trezise added, “RPM has the ability to harness data to drive better outcomes for its developer customer base, which is our key competitive advantage in Queensland.” 

The appointment of Mr Neale and Mr Trezise coincides with the publication of RPM’s first South East Queensland Market Update. The report highlights the medium to long term Queensland growth outlook remains positive despite the current headwinds facing the property industry due to rising interest rates and construction costs.  

Mr Trezise said the scarcity of greenfield development sites across South East Queensland is driving fierce competition for land development sites, particularly in growth corridors.

“Housing supply remains constrained and unable to meet the population growth for owner occupiers and renters with up to 220,000 people expected to leave NSW for Queensland over the next five years,” Mr Trezise said.  

“Values have increased significantly over the past two years and affordability challenges mean buyers will need to look further afield such as the Western corridor out to Fernvale, south to Flagstone and the Scenic Rim or developing regional centres such as Ripley to find a home.” 

RPM National Director and Head of Transactions & Advisory, Ed Wright, commented this is a strategic market for businesses to be represented in as they are witnessing significant interest from developers looking to enter the South East Queensland market.  

“Currently, we have a significant amount of capital looking to be placed into the market – from local, interstate, and international clients. They are wanting industry-leading market intelligence to assist with deployment – this is what RPM has always been known for,” Mr Wright said.  

The directors are focused on rapidly growing RPM’s Queensland division over the next decade, offering a unique data-driven perspective of the property market. “We look forward to what Peter Neale and Clinton Trezise will achieve in the coming years as we build the RPM brand in Queensland,” Mr Dunne added.  

RPM South East Queensland Market Update – September 2022 can be found here: https://www.rpmgrp.com.au/research-and-data/south-east-queensland-market-update-september-2022/ 

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