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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
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67.09%
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Suncorp confirms LJ Hooker sale back to Hooker family

By Staff Reporter
16 October 2009 | 1 minute read

Suncorp has officially sold the LJ Hooker real estate business back to the Hooker family for $67 million.

As well as the $67 million from the sale, Suncorp will realise $15 million in cash from pre-completion dividends.

In 1989, the real estate business collapsed and was sold to Suncorp. Last financial year, it made an $8 million pretax contribution to the Suncorp profit.

New executive chairman Leslie Janusz Hooker said he was excited to be moving forward with the company and was proud the family would be once again leading the business.

“I am committed to maintaining LJ Hooker’s position as the leading real estate brand in the country, and will be investing heavily in a business plan that will deliver further on the legacies of my grandfather,” Mr Hooker said.

“I thank Suncorp for taking care of the business and commend them for expanding the L J Hooker network over the past two decades.”

LJ Hooker was founded in the NSW suburb of Maroubra in 1928 and grew to become one of Australia’s most notable and trusted brands.

There is currently 700 LJ Hooker franchises in Australia, New Zealand and 10 Asian countries.

Suncorp confirms LJ Hooker sale back to Hooker family
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.