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A new office in Kallangur has been touted as the most recent addition to Raine & Horne’s Queensland network.
Raine & Horne Kallangur will be led by Moreton Bay-based property specialist John Ferguson, who boasts “a history of securing high prices and street records in Kallangur, Murrumba Downs, Griffin and Dakabin”, according to Raine & Horne general manager Steve Worrad.
Mr Ferguson also brings in his expertise in property services, including residential sales, property management, auctions and project marketing, the general manager noted.
“John is highly skilled in assessing market values and trends, which is critical in a dynamic market such as Kallangur,” Mr Worrad said.
Joining Mr Ferguson are sales executives Pete Rosky and Russell Shepherd as well as business development manager Lisa Black.
The property specialist said he looks forward to expanding his business into nearby markets such as Strathpine, Lawnton and Petrie, and he aims to take advantage of the positive outlook for Kallangur off the back of a robust 2020.
In 2020, Kallangur properties saw values rise by at least 5 per cent “due to the combined demand from investors and first-time buyers competing for similar Kallangur properties”, Mr Ferguson noted.
“We had the advantage, when all this started, that our market with a median house price of around $400,000 was still affordable, being a half-hour out of the city as opposed to the Brisbane market, which was already very high.”
The area is also popular with investors, who are attracted by low interest rates and the region’s “excellent” rental returns, with Mr Ferguson commenting: “You can buy something for $450,000 and get, say, $450 a week rent.”
Looking ahead, Mr Ferguson believes that Kallangur’s property market is set for another strong year.
“Listings are light on and, as such, annual growth of 5 to 10 per cent across the board is possible, which should be music to the ears of vendors considering a sale in 2021,” he concluded.
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