Raine&Horne Marrickville one of nation's Top 50 offices
Raine&Horne Marrickville was included in the 2012 Real Estate Business Top 50 Sales Offices benchmark report which ranks real estate sales offices across Australia according to a range of 2011/12 financial year business metrics including sales volumes, sales dollars and listing numbers.
According to the report, Raine&Marrickville sold 134 properties in the 2011/12 financial year, totaling more than $84 million.
The results are testimony to the hard work and leadership shown by principals, many of which operate in incredibly tough and competitive markets, according to Simon Parker, editor of Real Estate Business.
“The Real Estate Business Top 50 Sales Offices ranking gives us an insight into what some of the top performing offices do to stay ahead of their competition.
“This report highlights some of the most effective and productive sales offices in Australia, and incorporates an array of businesses from various parts of the country including regional areas.”
“The goal of our unique ranking was to look beyond just sales figures and provide a clearer insight into how these successful businesses operate.”
Data collected for the Top 50 Sales Offices ranking included sales numbers, sales volumes, staff numbers and listing numbers, among other information, with research partner RP Data independently verifying the sales data provided by every office.
Michael Smith, principal of Raine&Horne Marrickville is proud of the achievement, attributing it to the office’s use of the auction process as part of their sales strategy. “The auction system is the only method that from the outset provides a property seller with more control of their home, which is their most valuable asset.”
“Home owners have control of the contract conditions, the marketing and advertising, the inspections and property presentation, and most importantly, the timing of the sale and the negotiations,” says Mr Smith, who has achieved a 93% success rate for auction sales over the last two years at the firm’s City Fringe Auction Venue.
Marrickville has also become an extremely trendy suburb in recent years, recently dubbed the ‘new Paddington’ with its eclectic mix of older style homes, cafes and tree lined streets. The suburb is located at the heart of Sydney’s inner west and is arguably one of the most culturally diverse regions in Australia with a unique blend of classic Australian, Greek and Vietnamese culture.
Furthermore, with average days on market of 28 days, Marrickville is also an extremely popular real estate market with buyers and investors.
“Marrickville earned the ‘new Paddington’ moniker due to the choice of quality homes in a variety of styles and price points, which are close to open spaces, great shopping and schools,” says Michael Smith, principal of Raine&Horne Marrickville who confirms the median house price was approximately $740,000 in June 2012, while the median apartment price was around $500,000.
“There is also established infrastructure and reliable public transport, with the CBD only an average of seven kilometres away as the crow flies.”
For further enquiries please contact Michael Smith or Tim Bussink on (02) 9560 7599 or email [email protected]