When Bruce Oliver and Ivan Tandyo started Xynergy Realty in 2008 out of Ivan’s two-bedroom apartment, they had no idea they would manage over $1.3 billion worth of assets ten years later.
This year marks Xynergy Realty’s ten-year anniversary, providing a time to reflect on all the duo have been able to achieve – from managing 2,000 properties to employing over 50 staff.
Having identified a gap in the Australian market for Asian investors during the Global Financial Crisis, Ivan decided he wanted to help others buy property in Australia at a time when it wasn’t easy, and no one else was doing it.
By having a firm understanding of the Australian property market and its regulations, Ivan wanted to help facilitate an investment process that transpired peace of mind, where the numbers and management were taken care of.
To seize the opportunity Ivan partnered with Bruce and together they co-founded Xynergy Realty, with only $15,000 in capital.
Ivan said Xynergy Realty’s asset management now manages a portfolio over $1 billion and has sold over $1 billion worth of property to date.
“Over the past decade we’ve grown our team from two of us to 50 employees spread across eight offices, both in Australia and overseas.
“At the end of the day, our success comes down to understanding the client and what’s best for them, this means regularly putting yourself in your client’s shoes.
“It’s an ongoing learning process and you need to be adaptable.
“Having been in operation for 10 years, we’ve been through one whole property cycle in Australia and this experience has lead us to never over promise because the market fluctuates.”
Ivan said highlights from the past decade include being granted exclusive overseas sales rights to big Melbourne projects, including Setia’s Fulton Lane and Sapphire developments.
Other highlights include selling properties in excess of $xxx,xxxx
Not slowing down anytime soon, Xynergy plans on growing even further and has its eyes on new office locations both in Melbourne and Indonesia.