Tuesday, October 5th, 2010 - Raine & Horne Commercial Real Estate
Raine & Horne Commercial Brisbane North was among the big winners at leading real estate group Raine & Horne’s prestigious annual National Awards conference, held recently at the exclusive Sanctuary Cove on the Queensland Gold Coast.

The leading real estate firm was named the best Commercial Office for sales based on dollar value, while Principal Trent Bruce won an award for the number of commercial auctions listed in 2010.

Sales agent Hudson Dale was named Raine & Horne Commercial’s leading sales person for number of leasing transactions, and grabbed third for leasing transactions based on dollar value.

Trent Bruce and Lawrence Temple were also inducted into the exclusive Raine & Horne ‘Chairman’s Club’ on the night.

Mr Bruce says Raine & Horne Commercial Brisbane North’s performance was especially notable given the inconsistency of the commercial market in the Queensland capital.

“The sales market is up and down, while leasing represents approximately 80% of all transactions in the current market,” said Mr Bruce.

“This is a sign of the uncertainty in the marketplace largely due to the impact of the GFC and also the difficulty in borrowing due to the recent strict bank lending criteria placed on commercial buyers.”

Mr Bruce says many businesses are yet to be totally convinced that the global economy is completely out of the woods. However, we are now experiencing an increase in enquiry across all commercial, retail and industrial property sectors. .

Mr Bruce nominates commercial precincts around 10 kilometres from the CBD as the markets to watch and which are already generating good numbers of leasing transactions.

At the same time, Mr Bruce says after a few fits and starts Brisbane’s commercial sales market is at the bottom of the sales clock and trending up. “Demand is quite active for quality, value for money, product on the sales front.”

“If you need further evidence that sales are looking up, income returns have softened with quality premium properties generating yields of up to 7.5% - 8%, while secondary properties are scoring yields as high as 9% which is a significant change from yields as low as 6 % - 7% for quality properties a few years back.”

“As counter cyclical devotees will tell you, now is definitely the time to buy a commercial property in Brisbane.

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Raine & Horne Commercial Real Estate

Raine & Horne is an iconic Australian property firm, with more than 400 offices worldwide. Also an established Superbrand along with the likes of Qantas, Vegemite, Woolworths and Myer, the company has four distinct property service brands including Raine & Horne Residential, Raine & Horne Commercial, Raine & Horne Financial Services and Raine & Horne Rural.
Trent Bruce, Principal, Raine & Horne Commercial Brisbane North
P: 07 3352 8900
M: 0423 591 528
W: www.rh.com.au


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