Leading Moreton Bay real estate firm launches second office in Morayfield

Media release - 2nd October, 2014

  • Long-time Raine & Horne Burpengary/Narangba principal, Gina Wells, has launched Raine & Horne Morayfield
  • The opening of the new office is timed to coincide with Raine & Horne’s expansionist strategy in Queensland and the likelihood of a robust Spring selling market driven by first home buyer and investor demand.

Dynamic mother of two teenage boys, Gina Wells, Principal of Raine & Horne Burpengary/Narangba, has opened a second real estate office in nearby Morayfield, 44 kilometres north of Brisbane.

Ms Wells, a single mother to Jack (17) and Sam (16) says she is very excited by the prospect of establishing Raine & Horne Morayfield, which will be located in a very prominent position at 1/83-87 Morayfield Road, Caboolture South. She launched Raine & Horne Burpengary/Narangba in 2002.

“People often ask where I get the energy to manage a family and run successful real estate offices, however with Raine & Horne opening new offices all over Queensland, it’s given me the confidence to establish Raine & Horne Morayfield,” said Ms Wells, who intends to reproduce the systems and processes which have proved successful at Raine & Horne Burpengary/Narangba.

Morayfield is also a growth suburb, although quality sales and property management services are very short on the ground there.

“The gap in the delivery of quality real estate services in Morayfield, along with the support of Raine & Horne, helped me make the decision to establish the second office,” said Ms Wells, who has employed three sales agents dedicated to servicing the Morayfield market.   

The professionalism of Raine & Horne business support and development manager, David Bennett, is another factor in Ms Wells’ decision to launch Raine & Horne Morayfield.

“David Bennett has been unbelievable. He’s on the ball and very ethical with everything he does. If he says he’s going to do something, he’ll do it,” she said.

“Likewise if I didn’t have the support of my team at Raine & Horne Burpengary, I could never open another office.  I know when I’m out of the office, everything will run smoothly, and the staff are very excited about the new office.”

As for Spring market predictions, Ms Wells is expecting it to be a bumper selling season.

“If the experience in nearby Burpengary is a guide, it’s fair to expect that buyers will be out in force and quality, well-located homes in Morayfield that are priced to sell, will be snapped up quickly,” she said.

“After a slow winter period, Raine & Horne Burpengary/Narangba listed 11 properties and sold four in the first two weeks of September.”

Morayfield’s affordability will prove a big plus with first home buyers and investors this Spring, according to Ms Wells.

“House and land packages in Morayfield and surrounding suburbs start from a very affordable $320,000, which is attracting first home buyer attention,” she said.

“At the same time, established homes in Morayfield are selling for an average of $280,000 and renting for $300 a week.”

However Ms Wells believes that gross yields of more than 5% are only part of the appeal for investors, with professionally-managed properties recording close to zero vacancy rates.

“Morayfield is very popular with tenants, especially those moving from inner city suburbs, where they can pay as much as $600 a week,” said Wells.

“The suburb is also popular because it has a very vibrant retail sector with some of the biggest brands, such as Masters, Bunnings, Big W and a number of Woolworths outlets located on the busy Morayfield Road strip, while Morayfield Shopping Centre has over 150 specialty stores.

“There are also a number of new schools at nearby Bellmere in various stages of construction, which is creating local employment, while Morayfield is an easy 40-minute commute to Brisbane and the Sunshine Coast by road and rail.”

-ENDS-

For further media information please contact:

Gina Wells, Principal, Raine & Horne Morayfield on 0407 885 185

Andrew Harrington, National Communications Manager on 02 9258 5400