Media release - 24^th February, 2015

Two high-flying real estate businesses located in Adelaide’s south east featured prominently at the Raine & Horne South Australia annual awards for 2014, held at the iconic Adelaide Town Hall on Saturday 21 February, 2015.

Leading the way was Raine & Horne Murray Bridge, which was recognised as Raine & Horne’s best country office in South Australia in 2014.

Sales ace Michael Cox from Raine & Horne Murray Bridge placed third in the hotly contested Top Salesperson in the Group category.

“This is an excellent result from Michael, when you consider there are hundreds of agents working in the 30-plus Raine & Horne office network in South Australia,” said Michael McDonald, CEO of Raine & Horne SA.

Other south eastern agents to feature prominently were Trevor Rasheed, Principal of Raine & Horne Meningie who grabbed a creditable fifth in the salesperson category just ahead of John De Michele, who leads the team at Raine & Horne Murray Bridge.

In recognition of their sales achievements in 2014, John De Michele, Trevor Rasheed and Michael Cox were elevated to the prestigious Chairman’s Club. Mr Rasheed was also acclaimed for 25 years of service to the 132 year old real estate brand.

Other south east-based property specialists to win recognition at the Raine & Horne annual awards included Felicia Carli from Raine & Horne Murray Bridge, who won the gong as the network’s Outstanding Property Manager. Meaghan Watkins from Raine & Horne Murray Bridge was the runner up in the hotly contested Outstanding Office Support category.

Looking forward to 2015, Mr McDonald is confident that the bounce in property values in 2014 will continue this year.

“The median house price in Adelaide is at $430,000, its highest point ever, while the median unit price is $335,000. We expect this momentum to continue in 2015, especially as investors in Sydney and Melbourne start to look elsewhere for more affordable real estate stock, such as Murray Bridge where the median price is $250,000 and according to our local Murraylands Office rental yields above 5% are achievable.” said Mr McDonald.

“At the same time, the market will need to absorb some challenges such as the pending closure of the Holden factory at Elizabeth and the job losses at Santos.

“That said, there appears to be some infrastructure funding coming our way, with $620 million promised for the Darlington interchange, and almost $900 million for the Torrens Road to Torrens River Project.

“Throw in the prospect of more interest rate cuts from the Reserve Bank, more investors and more infrastructure spending and growth of at least 5% is possible for the Adelaide property market in 2015.”

–ENDS–

For further media information contact:

Michael McDonald, CEO Raine & Horne South Australia on 0488 667 710

Leading south eastern agents scoop the pools at major South Australian industry awards