BAKIR AIMS TO TAKE HOMECORP CONSTRUCTIONS TO THE TOP
Written on the 30 September 2016
IN just two years Homecorp Constructions has become Queensland's 15th largest home builder and founder Ron Bakir says, "we want to get to the top of that list."
To do that, Homecorp Constructions will fill its work pipeline by pursuing contracts from other developers as Bakir continues the company's impressive growth.
"Right now, we are actively seeking construction works from other developers with a focus on Queensland and New South Wales and probably Victoria in the future," the 2013 Gold Coast Young Entrepreneur of the Year tells Business News Australia.
While the Homecorp Property Group was established in 2004, Homecorp Construction is only two years old. It has already delivered hundreds of houses, ranked by the HIA in its latest top 100 report as Queensland 15th largest home builder and Australia's 52nd largest.
Homecorp Constructions will deliver between 400 and 500 new homes in 2017, growing revenue by 15-20 per cent. The following year will be even stronger, as Bakir expects 34 per cent revenue growth in 2018.
The company is building around Toowoomba, Ipswich, the Gold Coast, Yeppoon and Rockhampton, with plans to enter NSW shortly.
One of Homecorp Constructions' flagship projects right now is building The Heights for Sunland Group at Pimpama.
"I love the Gold Coast," Bakir says of his home. "It's funny, since the GFC we haven't done much work here, but because of the market conditions in the last 18 months or so we have made plans for growing on the Gold Coast and in the corridor between Brisbane in the next few years.
"There is a lot of work coming through and the market will be strong for at least the next 12 to 18 months."
Bakir, who started the Crazy Ron's mobile phone retailer as a 17-year-old, went on to found Homecorp Property Group in 2004.
After around 10 years' operating purely as a developer, he decided move into construction and that business has taken off.
"I am working with a bunch of good, talented people, we have a good product and marketability with a different edge in the marketplace. I strongly believe our product is the best one for the first home buyer investor," says Bakir.
Central to the success of Homecorp Constructions has been the team Bakir has built from scratch, led by head of construction Andy Savage and licensed builder Wayne Fox.
"We started with a couple of key people and they were the two best people I could have found and I am proud to have started this business with them," he says.
"We've got a really good team, growth has been extremely solid and everyone is very motivated and very committed to look after the business as it if was their own - that is hard to find."