Media release - 15th February, 2013

Tenth office in region for real estate powerhouse

• Raine & Horne opens its tenth office in the St George region – Raine & Horne South Hurstville
• At $706,500 for a three bedroom home, South Hurstville represents excellent value compared with neighbouring suburbs such as Blakehurst

Leading real estate group Raine & Horne is celebrating the start of its 130th year in operation with the launch of its tenth office in the booming St George region of Sydney.

Led by experienced husband-and-wife team, Michael and Nicoletta Platyrrahos, Raine & Horne South Hurstville is located at Shop 3, 63 Connells Point Road, South Hurstville.

Mr Platyrrahos said he is proud to join the Raine & Horne network and is committed to providing blue-ribbon service to all vendors, landlords, buyers and tenants in the suburbs of Blakehurst, Hurstville Grove and Connells Point.

With over 17 years’ experience as a real estate agent, Mr Platyrrahos also said the decision to team-up with the 130-year old Superbrand was an easy one.

“When Nicoletta and I considered franchising, the feedback we received from clients in the area was that Raine & Horne was the region’s most recognised and respected real estate brand.

“Raine & Horne also showcased the most attractive franchising opportunities and services for principals with a new office,” said Mr Platyrrahos.

To illustrate this point, Raine & Horne South Hurstville will have access to the Superbrand’s broad range of progressive real estate products, including superior branding and the network’s unique database, which touches over 1 million real estate consumers across the globe.

“In addition, we felt that the network’s core values in service, communication and marketing adhered in every way to the high expectations of our vendors in South Hurstville,” added Mr Platyrrahos.

Mr Platyrrahos said the timing for the launch of Raine & Horne South Hurstville was perfect, given the suburb’s excellent affordability.

“The median house price in South Hurstville was $706,500 at the end of November 2012, while three bedroom homes nearer the waterfront in neighbouring Blakehurst are achieving close to $900,000,”said Mr Platyrrahos.

Long term, Mr Platyrrahos considered that South Hurstville’s proximity to excellent infrastructure will fuel long term demand and underpin real estate values.

“South Hurstville is situated just 20 minutes from the CBD and 15 minutes from Sydney Airport, while buyers who work in the city will find suburbs near local train stations, such as Penshurst, Mortdale and Oatley, an ideal place to live,” said Mr Platyrrahos.

In welcoming Mr and Mrs Platyrrahos to the leading real estate group, Angus Raine, CEO, Raine & Horne, says the decision to launch the new office will enhance the Superbrand’s long-term relationship with the Hurstville real estate market.

“Our South Hurstville office will provide a positive experience for those clients in St George who are looking to buy, sell, invest or rent a home,” said Mr Raine.

“We are very fortunate to have expert operators such as Michael and Nicoletta at the helm of Raine & Horne South Hurstville, especially considering their experience and good reputation with the local community.”

For all your sales and property management needs, contact Raine & Horne South Hurstville on 9546 6100.

-ENDS-

For further media information contact:

Angus Raine, CEO, Raine & Horne, 0409 920 697

Michael Platyrrahos, Principal Raine & Horne South Hurstville on 0427 316 888

Andrew Harrington, National Marketing & Communications Co-ordinator on 02 9258 5400