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Press Release
: : 15 October, 2004

Australasia's fastest growing real estate group, Harcourts International Ltd, is celebrating the success of its newest joint venture partner, M&M Real Estate being named Number 24 in leading Australian business magazine, Business Review Weekly's (BRW) annual 'BRW Fast 100' list this week. M&M is also the only Tasmanian company on the list.

M & M Real Estate was founded in 2001 with directors Tony Morrison and Kirsty Dunphey building the initial team of three to 19 and Launceston's highest grossing sales team per consultant.

The joint venture with Harcourts took effect in August this year (M & M Harcourts) and has seen the Launceston office become the founding franchise of an aggressive drive into new Tasmanian markets to achieve eight additional offices by the end of 2005.

Joint Director of M&M Harcourts, Kirsty Dunphey said, "Our placement in the list, especially our ranking at number 24 is a huge honour. To be recognised in this way and placed in the company of organisations such as Boost Juice and is overwhelming."

Managing Director of Harcourts International Ltd, Mike Green, added, "Our launch into Tasmania was strategically important for our organisation as Tasmania continues to show significant growth and presents an enormous opportunity in the future. Our partnership with M&M was equally critical to our success - this recognition by BRW of M&M's outstanding business achievements and growth simply reinforces that we have the very best business partners in the Tasmanian marketplace."

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Harcourts International Ltd
Harcourts International Ltd is the largest real estate group in New Zealand and the fastest growing group in Australia with just on 335 offices, including one in Fiji. Harcourts began in Wellington in 1888 and is the only major Australasian real estate company to have expanded from New Zealand into Australia. and

For further comment contact:

Mike Green, Managing Director, Harcourts International Ltd.
tel: 0061 414 888 995

Tony Morrison, Director M&M Real Estate
tel: 0061 418 130 563 or
0061 3 6331 5111

Kirsty Dunphey, Director M&M Real Estate
tel: 0061 414 947 959 or
0061 3 6331 5111


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