Raine & Horne has expanded its New England footprint, opening a new office in Armidale, led by experienced agent Nellie Hayes.
Raine & Horne Armidale is an extension of the firm’s office in Glen Innes, which Ms Hayes opened in November 2018.
“There was a brilliant opportunity to extend into new territory with the Raine & Horne brand, and I am excited to expand into my hometown,” Ms Hayes said.
“We have an extremely focussed and enthusiastic team assisting the expansion from Glen Innes, and we will soon be recruiting a dedicated team to operate in Armidale.”
Ms Hayes lives just 10km outside of town, and her family’s roots run deep in the Armidale region with her four children attending schools in the town and a significant portion of their extended family also locals in the community.
She said property demand in the area is reasonably healthy across several key markets.
“Properties priced between $300,000 and $400,000 are attracting a mix of first-time buyers and investors with plenty of inquiries originating from contacts in our database or our Amplify campaigns,” Ms Hayes said.
“For example, we sold a neat and tidy four-bedroom brick house in Armidale for $345,000 to a first-time buyer.
“From that listing, we now have an extra 11 buyers in our database looking for properties under $400,000.”
She said that rural properties valued between $2 million and $30 million are also attracting buyer inquiries.
“We have a mix of buyers from family farmers to corporates seeking properties up to $30 million,” she added.
The long-term health of the Armidale property market is supported by a diversified and stable economy that generates excellent employment opportunities.
“Headed by the University of New England, we have a strong primary, secondary and tertiary education sector,” Ms Hayes explained.
“Besides, we have a strong agricultural sector headed by the beef and sheep production, while the recent relocation of the Australian Pesticides and Veterinary Medicine Authority (APVMA) has created hundreds of new jobs, and is another tick for the Armidale economy and property market.”
Ms Hayes said Raine & Horne’s support when she launched the office in Glen Innes was invaluable, and now the brand will help deliver a rapid impact in the Armidale property market.