Ray White Commercial (Bayside) Director Michael Keddy has achieved a major milestone by completing his 1,000th transaction – the first commercial sales and leasing agent to achieve this feat for the group.
Michael Keddy has been in the real estate industry for more than 20 years after starting his career in Brisbane as a registered property valuer.
He joined the Ray White Group in 1995, establishing its first suburban commercial franchise within the network.
Fellow Ray White Commercial (Bayside) Director Nathan Moore said Mr Keddy during his career had sold in excess of $250 million of commercial real estate.
“I have had the pleasure of working alongside Michael for the past 15 years and he is a highly skilled negotiator with an enviable reputation for getting deals done,” Nathan Moore said.
“This is a great achievement for Michael to become the first Ray White Commercial agent to complete 1,000 transactions.”
Michael Keddy said he had maintained strong links with Brisbane’s bayside region throughout his real estate career and also had long and strong associations with other industry professionals.
“I have established great relationships with many local business people and developers, many of whom have become friends, and I’m sure that has helped keep the deals coming,” he said.
Michael Keddy said his most memorable sale was the auction of the iconic Lighthouse Bar and Restaurant on the waterfront at Cleveland.
“There must have been in excess of 200 people in attendance and 15 registered bidders and after highly spirited bidding the property was finally sold at $1.5 million above the reserve,” Mr Keddy said. “It’s an auction that should have been on one of those TV shows.
“I hope there are many more days like that to come.”
The Property Council of Australia’s latest bi-annual office market report reveals ongoing challenges in the sector, with vacancy rates continuing to rise across most markets. However, prime locations continue to outperform secondary markets. An analysis of changes in occupied stock highlights clear leaders among office markets in this post-pandemic era. … Read more
Retail properties have seen a revival this year, with transaction volumes rising as confidence grows, particularly among private investors. Nationwide population growth and limited new development have reduced the average GLAR (gross lettable area retail) per person, renewing interest in this asset class. Notably, properties offering convenience, supermarket and food … Read more