RAINE & HORNE ACQUIRES LOGAN FIRM

Written on the 2 September 2014

RAINE & HORNE ACQUIRES LOGAN FIRM

RAINE & Horne continues its ambitious expansion plans, after acquiring a new office in Logan.

The real estate agency has boosted its network in Queensland by 20 per cent in the past year, with plans to open six more offices in coming months.

Independent firm Logan Central Land & Home Realty will be rebranded as Raine & Horne and continue to operate from its premises at Wembley Road.

Raine & Horne Queensland general manager Steve Worrad says the brand is attracting independent firms, as well as offices attached to competitors.

“Independents are joining Raine & Horne because there is a significant bank of trust in a brand that has been around for 131 years,” Worrad says.

“Real estate agents are also recognising that with our systems, marketing, technology, recruitment, retention and training, we do all the heavy lifting for them, enabling them to do what they do best – and that is to sell and manage real estate.”

Principal Debbie Gray leads the newly franchised office and says the brand familiarity of Raine & Horne will appeal to consumers in the region.

“Since the GFC, the Logan Central market has been a bit flat, yet low interest rates and the region’s affordability are combining to draw yield-hungry investors to entry-level properties,” Gray says.

“Older style two bedroom apartments start from $140,000 and can generate weekly rents of $250 or more, which makes Logan Central a target for investors.

“Moreover, the large majority of investors are from interstate, driven by Logan Central’s affordability, excellent investment yields and vacancy rates of around two per cent.”

Looking forward, Gray says infrastructure developments in the area are also attracting investors.


Latest News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter