What Lowe & Co does

Lowe & Co is a Wellington, New Zealand-based residential real estate agency that operates as a trading name under AndCo Realty Limited, the Wellington flagship of the 21-office AndCo Realty Group network. The firm provides end-to-end buying, selling, and listing services for residential property across Wellington and surrounding suburbs (Lower Hutt, Upper Hutt, Porirua), supported by an in-house 'Engine Room' administrative team operating at a 2:1 admin-to-agent ratio versus an industry average of 10:1. Its stated differentiation rests on a 'coopetition' model in which approximately 80 agents share listings and compete to close, combined with a claim of employing 40% of Wellington's top 10 real estate agents with an average of 12 years' experience per agent.

The business model is traditional commission-based real estate brokerage, with the firm earning a share of transaction fees on property sales and purchases and offering free property appraisals as a lead-generation funnel. Ancillary revenue and client services are delivered through affiliated brands in the AndCo group: AndCo Mortgages for mortgage broking and Powell & Co / Lowe & Co PM for rental property management. The technology stack is standard for the industry — a property-listing website with map view, sold-listings search, and open-home scheduling — with no proprietary AI/ML systems, platform, or data assets identified in the source material.

Go-to-market is sales-led and community-led, combining direct in-person agent relationships with content marketing ('The Lowe Down' blog), client testimonials, a sustainability program (CarbonInvoice carbon-footprint partnership, 6,285 native trees funded since January 2024), and a flagship annual community event (Open Wellington, launched 11 October 2025, 1,100 attendees, NZD 131,973.19 raised for Wellington City Mission). The firm is privately held, founded in 2015, employs 11-50 staff plus the ~80-agent roster, and reports no funding rounds, M&A activity, or public listing.

Name

Lowe & Co

Legal name

AndCo Realty Limited

Website

https://loweandco.nz

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Lowe & Co is a Wellington, New Zealand-based residential real estate agency providing buying, selling, and property management services through ~80 agents, operating as the Wellington flagship of the 21-office AndCo Realty Group network.

Ownership category

akta.pro rank

Headquarters

HQ city

Wellington

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Real Estate Commission: Traditional real estate agency earning commission on property sales and purchases. Agents share listings with each other and compete to sell homes through 'coopetition' model. Agents receive nearly half the commission if they sell another agent's listing.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lowe & Co is a Wellington-based real estate agency that provides residential property buying, selling, and appraisal services. The agency operates a 'coopetition' model where agents share listings and compete to sell, supported by a dedicated administrative 'Engine Room' team. It also offers rental property management through its sister brand Powell & Co and mortgage broking through AndCo Mortgages.

Product overview

Lowe & Co is a Wellington-based real estate agency offering a unified service platform for residential property transactions. The core offering consists of buy and sell property services supported by searchable listings, free appraisals, open home viewings, and map-based property search. The company also provides ancillary services through affiliated brands including property management (via Powell & Co), mortgage services (via AndCo Mortgages), and educational content through The Lowe Down blog. The business model emphasizes collaborative selling ('coopetition') among agents supported by an administrative 'Engine Room' team.

Differentiator

Problem solved

Functional benefit

Products and services

• Buy Properties Service Residential property buying service for prospective homeowners in Wellington. Connects buyers with available properties through searchable listings, open home viewings, and map-based search tools, supported by experienced agents who guide clients through the purchase process.
• Sell Properties Service Full-service residential property sales service for homeowners in Wellington. Includes free property appraisal, sales process guidance, case studies, and before-and-after transformation services. Agents compete to sell listings through the agency's 'coopetition' model.
• Free Property Appraisal Complimentary, no-obligation market appraisal service that provides homeowners with an estimated sale value for their property. Used as a lead generation tool to connect prospective sellers with the agency.
• Property Management (Powell & Co) Rental property management services for landlords and tenants, offered through a related AndCo Group brand. Handles the day-to-day management of rental properties separately from sales operations.
• Mortgages (AndCo Mortgages) Mortgage broking and financial services offered to clients through AndCo Mortgages, a partner brand within the AndCo Realty Group. Provides mortgage solutions as part of the broader property transaction experience.

Quantifiable outcome

• Sold house within three weeks of going on market
• +2 more outcomes

Named customers8 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Wellington City MissioncoreStrategic or Co-development Partner · 11 October 2025Lowe & Co Foundation partners with Wellington City Mission to provide essential support for individuals and families facing hardship. The partnership includes annual Open Wellington events raising funds - inaugural 2025 event raised $131,973.19 for food, housing, advocacy and practical support.
• CarbonInvoicecoreStrategic or Co-development PartnerLowe & Co partners with CarbonInvoice to measure their entire carbon footprint using software built in Wellington. The partnership follows Greenhouse Gas Protocol standards. Lowe & Co funds native tree planting to compensate for emissions and has funded 6285 native trees since January 2024.
• AndCo Realty GroupcoreStrategic or Co-development PartnerLowe & Co trades as part of AndCo Realty Group, a network model that empowers top-performing salespeople to establish their own companies. The AndCo Group now operates 21 agencies across New Zealand. Lowe & Co is the Wellington operation within this network.
• AndCo MortgagesminorGTM or Marketing PartnerLinked mortgage services partner referenced on website footer, offering mortgage solutions to Lowe & Co clients.
• Power & Co Property ManagementminorChannel Partner/ Reseller/ DistributorRelated property management entity within the AndCo network, handling rental property management services separate from sales operations.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• realestate.co.nz: realestate.co.nz is the dominant residential property listing portal in New Zealand. It is not a direct agency competitor but is the primary listing distribution channel that Lowe & Co depends on, making it a structural peer in the residential property transaction stack.

Others

• Homes.co.nz: Homes.co.nz is a New Zealand property data and valuation platform providing estimated property values to consumers. Comparable as an adjacent participant in the Wellington residential property market that competes for seller attention at the appraisal/listing decision stage.

Direct peers

• Property Brokers: Property Brokers is a New Zealand real estate agency with regional offices across the North Island. Comparable to Lowe & Co on agent-led residential sales, auction, and property management services with a multi-region franchise model.
• Bayleys Realty Group: Bayleys is a major New Zealand full-service real estate agency covering residential, commercial, and rural. Comparable to Lowe & Co as a multi-agent residential sales operation with Wellington regional presence and broader service offering.
• Sotheby's International Realty New Zealand: Sotheby's International Realty operates a luxury-leaning residential real estate network in New Zealand. Comparable to Lowe & Co on residential sales agency model, particularly at the premium end of the Wellington market.
• Ray White New Zealand: Ray White operates a large franchised residential real estate network across New Zealand. Directly comparable to Lowe & Co on commission-based residential sales, agent-led service model, and national brand presence.
• LJ Hooker New Zealand: LJ Hooker is a long-established residential and commercial real estate franchise in New Zealand. Comparable to Lowe & Co on franchise-style residential sales agency model with multi-region agent network.
• Harcourts: Harcourts is one of the largest residential real estate franchise networks in New Zealand and Australia. Comparable to Lowe & Co as a multi-agent residential sales and property management operation with national scale.
• Barfoot & Thompson: Barfoot & Thompson is one of New Zealand's largest privately-owned real estate agencies, headquartered in Auckland. Directly comparable on agent-based residential sales, although its geographic focus is Auckland rather than Wellington.

Regional players

• Tall Poppy Real Estate: Tall Poppy is a New Zealand residential real estate agency focused on specific regional markets. Comparable on agent-based residential sales service model, though its geographic footprint differs from Lowe & Co's Wellington focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/loweandcorealty
• Facebookfacebook.com/loweandco

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lowe & Co