Eighteen months after taking the reins of her first business, a Fraser Coast agent is opening the doors to her second office in a Queensland town that seems primed for expansion.
Though less than two years into running Raine & Horne Tin Can Bay, Celly Jeal couldn’t pass up the opportunity to expand into Maryborough, with the locality set to support a number of urban development projects within the region and across the state.
“We have decided to launch in Maryborough because we see this as the next big market in the Wide Bay–Burnett area, particularly as there are some major infrastructure projects slated for the area,” Ms Jeal said.
A $7.1 billion contract to build 65 trains at EDI Downer’s rail manufacturing facility at Maryborough, for example, is expected to bring over 800 construction and manufacturing jobs to the region over the coming years.
“This rail project will support preparations for the Brisbane Olympics in 2032, while we are also seeing major investment in road improvements between this region and the Sunshine Coast, which will ensure more people visit and move to this region to live given our excellent real estate affordability,” she added.
Just under two hours to the Sunshine Coast and three hours to Brisbane, Maryborough has already been feeling the effects of sea changers recognising the benefits of the area, according to Ms Jeal.
But even with the town already experiencing an influx, Ms Jeal said home prices were still some of the most affordable.
“We have a median price in Maryborough of $265,000, although we have homes valued in the $700,000s. These prices won’t last, and I believe given road improvements and the fact there are some massive residential developments on the drawing board, 2022 will be a growth year for the Maryborough real estate market,” she said.
Angus Raine, executive chairman of Raine & Horne, agreed that it was the right moment to strike with a Maryborough office.
“I look forward to supporting [Ms Jeal’s] move into Maryborough, which is on the cusp of a mini-infrastructure boom, which will underpin jobs growth and real estate activity over the next few years,” Mr Raine said.