Media release - 4th February, 2014

Leading real estate group opens new office at Shailer Park

Markets such as Shailer Park and Cornubia are expected to grow by at least 5 to 7 percent in 2014
Demand from a wide variety of buyers, low listing levels, and ‘days on market’ as low as 7 days, will drive growth in 2014
Rezoning laws are attracting cashed-up investors from NSW and Victoria

With hundreds of offices in Australia and internationally, leading real estate group Raine & Horne has reaffirmed its commitment to Queensland property with the opening of an office in Shailer Park, an emerging suburb of Logan City in the state’s south east.

“We’re predicting average growth in excess of 7 percent for Queensland real estate in 2014, and as a consequence the timing is perfect for ramping up our presence across the state, starting with the opening of Raine & Horne Shailer Park,” says Angus Raine, Executive Chairman and CEO of Raine & Horne.

Raine & Horne Shailer Park

Mr Raine says he is thrilled that Raine & Horne Shailer Park will be led by Jason Power, who has operated a successful independent property management business locally over the past few years.

According to Mr Power, the opportunity to link with a powerhouse real estate brand such as Raine & Horne will enable him to expand to a full-service real estate business offering sales and financial services, in addition to property management.

“The move to a full-service operation is in response to requests from many of our current landlords, and switching to Raine & Horne will allow us to look after all our client’s property needs including property management and finance, along with the buying and selling of properties,” says Mr Power.

“Our central location at 3/139 Bryants Road, Shailer Park, will also enable us to service clients in Shailer Park, Tanah Merah, Loganholme and Cornubia.”

Apart from the prospect of capital growth in 2014, Mr Power says affordability is a major attraction of Shailer Park and surrounding suburbs.

“The median three bedroom house price in Shailer Park is $408,000, while it’s $432,000 in nearby Cornubia,” says Mr Power.

“The area has something for everyone – a two bedroom townhouse can still be purchased for under $300,000, while a million dollars will get you a lovely home on a big block.

“It’s a marvellous location and who wouldn’t want to live here – we’re only 30 minutes to the Brisbane CBD for work, and 30 minutes via the M1 to the Gold Coast.”

In fact, it seems plenty of people want are already choosing the 4128, 4129 and 4130 postcodes, with Mr Power confirming the area attracts a wide demographic mix.

“We have business professionals living here and making the commute into the city, as well as baby-boomers taking advantage of recent rezoning laws to split up large blocks for sale, to help fund their retirements,” says Mr Power.

“And let’s not forget the younger homebuyers who find Shailer Park the perfect location to expand their families.”

With the healthy combination of price affordability and strong buyer demand, Mr Power is predicting that Shailer Park and surrounding suburbs “will produce at least 7 percent growth in 2014”.

“I also base this prediction on the fact that listings are short and those homes that are priced to sell, are being snapped up in seven days,” says Mr Power.

Interstate investors are taking advantage of gross rental yields between 7 and 8 percent, as well as the recent rezoning laws, according to Mr Power.

“We recently had a change in zoning laws from R2000 to R600, which enables half acre blocks to be subdivided and savvy investors from NSW and Victoria are taking advantage of these changes to land bank for now,” says Mr Power.

With the market promising an exciting 2014, Mr Power is enthusiastic about the prospect of returning to the Raine & Horne fold.

“I have been lucky enough to use the Raine & Horne systems and support networks in the past through Raine & Horne Onsite Sales, where I managed a complex of 50 apartments in a secure residential complex in Logan City,” says Mr Power.

“Having said that, I still did my homework on the offerings of other networks, however Raine & Horne came up trumps in all departments from customer service to the technology they employ.

“I particularly like Raine & Horne’s exclusive global database, which has over 1 million unique real estate users – it can put a Shailer Park home in front of buyers in Sydney or Sunbury in Victoria.”

–ENDS–

For further media information contact:

Angus Raine, Executive Chairman & CEO, Raine & Horne on 0498 071 991

Andrew Harrington, National Marketing & Communications Coordinator on 02 9258 5400

Raine & Horne shines bright as Sunshine State rises