iBuyNew on BRW Fast Starters list

National online property agency iBuyNew (IBN) has been named on a list of Australia’s top 100 fastest growing start-up businesses.

It comes just weeks after listing on the Australian Securities Exchange.

Companies listed on BRW Magazine’s Fast Starters have operated for less than four years.

It has also made a turnover of at least A$500,000 in the last fiscal year with higher revenue than the previous year, have less than 200 full-time employees and more than one main customer.

IBN CEO Mark Mendel said the company, which specialises in off-the-plan sales, was delighted to be recognised by BRW’s annual Fast Starters list.

IBN ranked 54th place.

“This is a great acknowledgement for IBN and the hard work of our sales and marketing team who provide a service that people need to guide them through the complexities of buying off the plan,” he said.

“Demand for our service is increasing with record website traffic. We are now really focused on what needs to be done to deliver the results we are looking to achieve in 2017 and beyond.”

IBN this year launched a house and land division, but is currently more active in apartment sales.

The company also recently acquired 100 per cent of Melbourne-based property research advisers Nyko Property Pty Ltd.

IBN delivered new property sales worth $18.1 million in the 2016 September quarter.