Media release - 17th March, 2016

As Australia gears up for its opening game of the World Twenty20 cricket tournament in India, leading real estate group Raine & Horne has opened a brand new office within a David Warner lofted drive of Brisbane’s world famous Gabba cricket ground.

The brand new Raine & Horne Woolloongabba, which will offer sales and property management services to property owners in East Brisbane, Kangaroo Point, Dutton Park, Woolloongabba, Highgate Hill and Annerley, has gone into bat at Shop 3, 795-803 Stanley Street, Woolloongabba.

Raine & Horne Woolloongabba - Shilpa Karri, QLD General Manager Steve Worrad, Executive Chairman Angus Raine, Ram Karri Raine & Horne Woolloongabba will be led by experienced businessman Ram Karri, who owns a private family business with accountancy, finance, property development, IT and communications interests.

“These businesses will underpin our new real estate operation and deliver excellent lead generation opportunities,” said Mr Karri.

“Through our existing customer base, we will have a few hundred property managements and sales listings to help launch Raine & Horne Woolloongabba.”

Mr Karri says he was attracted by Raine & Horne’s strong market presence.

“Raine & Horne has a strong network of offices nationally and internationally and has over 130 years of experience in real estate.

“We also like the fact that Raine & Horne is in a major growth phase in Queensland, opening new offices with strong agents in key inner city locations.”

The Superbrand has recently opened Raine & Horne Spring Hill and Raine & Horne Ascot in Brisbane.

“Raine & Horne’s exceptional branding and its superior IT framework, which enables agencies to operate more efficiently, also appeals,” he said.

Woolloongabba is approximately 2 kilometres from the Brisbane CBD with the wider postcode of 4102 incorporating Dutton Park, the fourth best performing apartment sector nationally, so the launch of Raine & Horne Woolloongabba has been timed to perfection.

“The median sale price for houses is $725,000, while its $405,000 for apartments, and given our proximity to the Brisbane CBD, our core trade area attracts a high volume of investors,” said Mr Karri.

As a consequence, the postcode of 4102 has achieved 14% growth in the last 12 months, plus strong rental returns with low vacancy rates. Typically the majority of investors buying property in Woolloongabba are from interstate, although Mr Karri said there are an increasing number of locals purchasing within their own suburb.

“Affordability is the key attraction for interstate investors, particularly with the median house price in Sydney now exceeding $1 million,” he added.

For all your sales and property management needs in East Brisbane, Kangaroo Point, Dutton Park, Woolloongabba, Highgate Hill and Annerley, contact Raine & Horne Woolloongabba on 1300 860 080.

–ENDS–

For further media information contact:

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

Raine & Horne to open the bowling from the Stanley Street End