RAINE & HORNE ACQUIRES LOGAN FIRM

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.

Get our daily business news

Sign up to our free email news updates.

 
Unpacking equity: Finding your funding fit
Partner Content
Armed with a growing business and a great opportunity, a business owner’s next challe...
Australian Business Growth Fund
Advertisement

Related Stories

Meta slammed over "dereliction" of commitment to Australian news

Meta slammed over "dereliction" of commitment to Australian news

The decision by Meta (NASDAQ: META) to "deprecate" the Fa...

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

AF Legal acquires Armstrong Contested Wills & Estates in deal worth up to $3.75m

A year on from the failure of an $11 million merger with Go to Cour...

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

ASIC tips ‘ASX Wolf’ Tyson Scholz into bankruptcy over $500,000 in court costs

Social media ‘finfluencer’ Tyson Scholz, widely known a...

WOTSO Property enters new era as asset management brought in-house

WOTSO Property enters new era as asset management brought in-house

After reporting a turnaround in its fortunes with a $4.6 million st...