Raine & Horne has opened its 20th new office in the last six months, with the launch of a business in Melbourne’s north, with Gerry Verma and Terry Singh at the helm.
Randolph Clements, Managing Director, Raine & Horne Victoria, said, “Craigieburn is strategically vital to our expansion as it is now a suburb to watch after being overlooked by owner-occupiers and investors for many years.
“Craigieburn now has some of Melbourne’s best shopping centres including the stunning Craigieburn Central, where Raine & Horne Craigieburn is strategically located, and Highlands Shopping Centre.”
Expanded shopping precincts are an excellent sign that significant retailers believe a suburb or region has excellent growth prospects, said Mr Clements.
“Raine & Horne has identified the region as a major Melbourne growth hub, and we are delighted that Terry and Gary have agreed to establish a beachhead in this critical market for our business.
“Developers have shifted to the area, and the resulting subdivisions and the magnificent homes have combined to elevate Craigieburn’s reputation with buyers.”
The proximity of Craigieburn to Tullamarine Airport is another major factor in the suburb’s appeal.
“Craigieburn is not far from Campbellfield which is a major centre for the many transport companies who need to be close to the airport. The proliferation of nearby transport businesses is creating work for residents living in Craigieburn,” Mr Clements said.
The suburb’s proximity to the airport coupled with its relative affordability is helping to attract Sydney downsizers to Melbourne suburb, according to Mr Singh, who has a master’s degree in commerce from the University of Ballarat and is a former accountant.
“The median house price in Craigieburn is $525,000. So, downsizers can sell a small house in Sydney and buy a property in Craigieburn to live in, and another house as an investment asset,” Mr Singh said.
“By being close to the airport, new Craigieburn residents can easily get back to visit friends and family in Sydney,” Mr Singh said.