Raine & Horne extends its reach in the Noosa Hinterland

Media release - 27th November, 2015

Superbrand Raine & Horne has extended its marketing reach in Queensland’s Sunshine Coast region with the launch of Raine & Horne Noosa Hinterland / Cooroy.

Located at 16a Maple Street, Cooroy, Raine & Horne Noosa Hinterland / Cooroy will be led by Michael Robinson, the principal of Raine & Horne Noosa Hinterland / Pomona since 2010.

“We’ve decided to launch a second Raine & Horne office because we’re really comfortable with the firm’s achievements since 2010, including a brand overhaul, a revamp of its IT systems and website, as well as a major expansion of the network in Queensland,” said Mr Robinson.

“Talking to other members of the network whether they’re in Queensland, NSW or Victoria is another attraction of the Raine & Horne network. It’s great to be able to bounce ideas off your colleagues and you can learn more from being at a Raine & Horne networking event than you can from a book or website.”

“If you combine these factors with the excellent leadership and support of Executive Chairman Angus Raine, then the decision to open a second office with Raine & Horne is a no-brainer.”

Spending most of his life in Cooroy, Mr Robinson said opening a real estate office in his home town has been a long-standing ambition.

Cooroy is well-located at the heart of the Noosa Hinterland and a lot of my network is located here, so I can’t wait to get cracking with listing and selling properties in the town,” he said.

“It has a bigger population, with more properties for sale and rent than Pomona, where rural acreages represent a large slice of the market.”

The timing of the new office launch has been timed to perfection, with the Noosa Hinterland’s real estate market beginning to enjoy the ripple effect of buyers from Brisbane and the Gold Coast looking for more affordable investment properties.

“In Cooroy, the median house price is $450,000 with a median weekly rental return of $430, which compares very favourably with Brisbane,” said Mr Robinson.

“Previously we relied on sea changers and green changers from the southern states, but now we are seeing more buyers from South East Queensland taking an interest in our region.”

To date, the extra interest from South East Queensland buyers is yet to push up real estate prices, although that is expected to change soon, according to Mr Robinson.

“Sales are up by 50% compared to September 2014 and listings are down, so it’s fair to expect that we’ll see some capital growth shortly.

“The values of smaller lifestyle acreages have already jumped by about 10% to around $600,000 in the last year, which is a good sign for the broader real estate market in our region.”

ENDS

For further media information contact:

Michael Robinson, Principal Raine & Horne Noosa Hinterland on 0431 865 616

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