Green St in city move

Growth: Green St Property’s Peter Aloupis and Iolanda Gow in front of their new office site on Hunter Street, Newcastle. Picture: Marina Neil GREEN St Property has bought a prime East Endcommercial siteto bolster its Newcastle presence and tap into the increasing property rentalmarket in town.
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The business, with two other investor clients, bought three lots at 209 Hunter Street, on the corner of Brown Street, where the IGA supermarket once traded, for a totalofabout $1.9 million.

Green St Propertywill move from itsDarby Street office to the Hunter Street site in November after spending about $400,000 on its fit-out.

Green St formed six months ago when Solid Property, offering property sales and rentals and headed by Peter Aloupis and wife Amanda, merged with Islington businessElite Property Management, founded by Iolanda Gow.

“It was about scaling the business,” says Mrs Gow.

Mr Aloupis said the investment was a “no-brainer”, relevant to both the company’s future and services.

“When you consider this is what we offer our clients, practicing what we preach proves our value,” he said.

Mrs Gow cut her teeth at many real estate offices in Newcastle before founding Elite Property Management in 2007.

Elite had close to 300 rental propertiesbefore the merger, andGreen St Property now has about500 rental listings.

“Property management is not the back-end of real estate, it’s front and centre,” Mrs Gow says, addingGreen St Property will aim to retain a “boutique” feel and also assist those who are “one step away from the street”.

Mr Aloupis has been in realty for two decades, although it almost wasn’t so.

The son of a baker, he studied property and hospitality at TAFE and worked as a trainee at Westsbefore opting for realty.He wasa “sign boy” for Peter Cunningham in Mayfield then went into sales duringthe “old days” of real estate:“You had to be a certain age to begin selling and know construction and the blade of a board of a home to know its vintage.”

He opened Solid Property in 2001withwife Amanda helping steer the business.

He and Mrs Gow say projects including the new University campus are bringing new confidence into the city.

 

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