Media release - 11th December, 2015

Channelling Victor Kiam of Remington shavers fame, sales agent Graeme Schneider is so impressed with Raine & Horne Young, he has decided to buy the company from outgoing principal Chris Slater.

“Chris has decided to retire after many years at the helm and for myself and wife Rosalind, it was too good an opportunity to pass up,” said Mr Schneider, who started at Raine & Horne Young in August 1993.

Graeme Schneider “We have plenty of long-term staff at Raine & Horne Young, so it will be business as usual for our vendors, buyers, investors and tenants.”

Mr Schneider said the decision to become a Raine & Horne owner was simple due to the excellent services delivered by the 132-year old family owned and operated firm.

“Raine & Horne’s internal communications portal Scout and its business operating system, rhCompass deliver timely information that has been a huge help in assisting me transition to the ownership of Raine & Horne Young,” said Mr Schneider.

“Raine & Horne offers some great management and training tools for those who are starting in small business.”

On the property market front, Sydney downsizers are leading the charge into Young real estate, and this has encouraged Mr Schneider to take the helm at the 37-year-old firm.

“The market is in a growth phase in Young, which has helped inspire us to get cracking on the business transition,” said Mr Schneider.

“In recent times, we’ve seen an increasing number of buyers from Sydney, who have recognised that Young has a very stable and diverse economy – and consequently have augmented the robust local real estate market.”

Young is famed for its cherry industry, however, it also enjoys strong employment and business diversification as a consequence of its robust agricultural, manufacturing and healthcare industries.

“By all reports, this year’s harvest yields were above average, so I expect there will be plenty of ready capital looking for a home, which will be a major benefit for real estate and local business,” said Mr Schneider.

Raine & Horne Young “Many of the out-of-town buyers are recognising the diversity of a town like Young, while they are simultaneously trying to escape the hustle and bustle of big city lifestyles and their real estate prices,” said Mr Schneider.

The median house price in Young is $260,000, which buys a modern, three bedroom, one bathroom brick veneer property.

“We’re also seeing more small business people move to Young because they can more readily bring their work with them utilising the speed of the internet. The attraction is that they can still earn Sydney dollars but live in a more affordable regional town such as Young for a fraction of the cost.”

Small lifestyle properties are also attracting plenty of Sydney buyers, according to Mr Schneider.

“A small acreage will start at around $100,000 and it means that former city residents don’t have to live immediately next door to neighbours, which is a big attraction.”

For all your sales and property needs in Young, contact Raine & Horne Young on 02 6382 3333.

–ENDS–

For further media information contact:

Graeme Schneider, Co-Principal of Raine & Horne Young on 0417 251 795

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

Sales agent so impressed with Raine & Horne Young he bought the company