Gold Coast rebound drives Raine & Horne Surfers Paradise expansion

Media release - 28th September, 2015

In a sign that the Gold Coast property market has shifted up a gear, leading real estate firm Raine & Horne Surfers Paradise has doubled the size of its office, which is located on famous Surfers Paradise Boulevard.

Raine & Horne Surfers Paradise“Our location at 3066 Surfers Paradise Boulevard is already perfect for a successful real estate business given our proximity to the main beach, Cavill Avenue and the fact that the shiny new light rail journeys right past our door,” says Clark Brackenridge, Principal of Raine & Horne Surfers Paradise.

“But now we’ve doubled the physical size of our office, modernised the building’s façade and have added four more staff to the team – we’ve simply outgrown the existing space.”

As part of the team expansion, Mr Brackenridge has added three new sales agents and a property manager.

“The move to a larger office and the expanded team also underscores the fact that the Surfers Paradise real estate market is rebounding,” says Mr Brackenridge, who has operated as a local real estate agent since 1992.

“There is a lot more confidence with more southern buyers making enquiries and self-managed super funds (SMSFs) also very active at the moment.

“As a consequence, our sales volumes are up by 60% compared with the same time in 2014, with a majority of sales emanating from the southern states.

Angus Raine (R) visits the revamped Surfers Paradise officeAccording to Mr Brackenridge, retirees are realising the excellent value for money in the Gold Coast property market compared to other major centres around Australia, while rental yields are also very healthy and appealing to investors.

“It is still possible to buy a two-bedroom apartment in Surfers Paradise for $400,000 and put in a quality permanent tenant with a weekly rental return of $500 to $550.”

A number of factors have contributed to the surplus of quality tenants prepared to pay generous weekly rents in Surfers Paradise, according to Mr Brackenridge.

“We have a surplus of workers prepared to take on the relatively short commute to Brisbane for work by road or rail from Nerang station. The Griffith University campus at Southport is a major employer in our region and is easily accessible by means of the light rail from Surfers Paradise.”

The completion of the light rail has been a big plus for Surfers Paradise, according to Mr Brackenridge.

“It was negative when it was under construction. However now the light rail is completed, its benefits are exceeding everyone’s expectations. It’s an efficient way to travel around the Gold Coast.”

For all your sales and property management needs in Surfers Paradise, contact Raine & Horne Surfers Paradise on 07 5531 6911.

ENDS

For further media information contact:

Clark Brackenridge, Principal, Raine & Horne Surfers Paradise on 0412 160 954

Andrew Harrington, National Communications Manager, Raine & Horne, on 02 9258 5400