A relatively flat Tasmanian property market has done little to deter four real estate professionals, who are preparing to launch a new Ray White office in the coastal city of Burnie.
“I believe the market is quite good, it has always been steady and if the property is priced right then it will sell,” said Rita Russell, one of the four directors of the new agency.
The four directors bring distinct expertise to the new business including property management with born-and-bred local Sara Boon, former Westpac banker Trevor Rawlings, former conveyancing clerk Ms Arnold and Ms Russell, who has 18 years experience in real estate sales.
Ms Russell believes the experience of the four owners will be the key to success in Burnie.
“Repeat business is going to be a big part of our agency, between the four of us we have built up a list of clientele that will give us an advantage when we start out,” she told Real Estate Business.
“I’d perhaps be a bit more apprehensive if we didn’t have the experience to back us up. It will be a challenge, but one we are very prepared for.”
The average house price in Brunie is $242,413 whilst the average unit price sits at $206,865. According to data released by Ray White 91 per cent of properties sold in the Burnie LGA are houses and 36 per cent of properties are fully owned.
According to the latest RP Data statistics, the Burnie property market has performed unevenly in the last 12 months, albeit based on a relatively small number of sales – 278 in 2011 (based on Ray White statistics).
The highest price growth of the 14 suburbs listed in the Burnie area was posted by Montello, which posted a 16 per cent rise in prices. This was in stark contrast to the suburb of Romaine, which saw prices drop by seven per cent over the same period.