Raine & Horne launches new Canley Heights office

Leading south west Sydney real estate agent Vic Fasan has opened a second Raine & Horne office at 231 Canley Vale road, Canley Heights.

Mr Fasan, who independently owns and operates Raine & Horne Cabramatta, was joined by 120 local business people, property owners and investors at the launch of the new office on Tuesday December 8.

With more than 15 years operating Raine & Horne Cabramatta, Mr Fasan says a number of trends encouraged him to set up shop in Canley Heights.

“The lure of lower commercial leases is drawing businesses such as restaurants, butchers and grocers to Canley Heights.”

“As a result employers and employees have decided they want to move closer to work, which has pushed demand up for Canley Heights homes. In fact, since 2005, home prices have jumped about 20%.”

Mr Fasan says that investors from Sydney’s inner west suburbs such as Marrickville are also attracted by Canley Heights relative value. “It’s possible to pick up duplex homes from $350,000 which will yield weekly rents of up to $400. This represents healthy gross yields of almost 6%.

“The growing interest in knockdown houses and continued investment in nearby suburbs is also a positive sign for developers considering Canley Heights for future developments,” adds Mr Fasan.

The experienced real estate agent is also very positive about the outlook for local home owners in 2010.

“I believe prices will stabilise, however a scarcity of quality stock is sure to put upward pressure on prices. This means if you own a property in Cabramatta or Canley Heights, now is a great time to consider a home upgrade to take advantage of the recent growth in prices,” says Mr Fasan.

A second office in South West Sydney is about building on the excellent brand recognition that Raine & Horne enjoys in the region.

“The Raine & Horne brand gives us strength to promote our unique property services to the same people, the same owners but in a different location,” explains Mr Fasan.

“At the end of the day I just wanted to underline to our customers that this new business was going to be run by Raine & Horne. It was about promoting a name that is synonymous with property in the region and is already established.”

Angus Raine, CEO, Raine & Horne, says, “The team at Raine & Horne Canley Heights will be first-rate additions to our exceptional network in Sydney’s south west. Vic is well-known for his commitment to the local community and property consumers,” Mr Raine said

For all your local property needs Raine & Horne Canley Heights on 02 9727-6077.

Raine & Horne is an iconic Australian property firm, with more than 370 offices worldwide.

Also an established Superbrand along with the likes of Qantas, Vegemite, Woolworths and Myer, the company has four distinct property service brands including Raine & Horne Residential, Raine & Horne Commercial, Raine & Horne Financial Services and Raine & Horne Rural.

For media wishing to attend the launch please contact:

Vic Fasan, Proprietor, Raine & Horne Canley Vale 0419-987-650

Alana Drivas, Marketing Communications, Raine & Horne Ph: (02) 9258 5448

Mr Fasan, who independently owns and operates Raine & Horne Cabramatta, was joined by 120 local business people, property owners and investors at the launch of the new office on Tuesday December 8.

With more than 15 years operating Raine & Horne Cabramatta, Mr Fasan said there were several trends that encouraged him to set up shop in Canley Heights.

“The lure of lower commercial leases is drawing businesses such as restaurants, butchers and grocers to Canley Heights," Mr Fasan said.

“As a result employers and employees have decided they want to move closer to work, which has pushed demand up for Canley Heights homes. In fact, since 2005 home prices have jumped about 20%.”

Mr Fasan says that investors from Sydney’s inner west suburbs such as Marrickville were also attracted by Canley Heights relative value.

“It’s possible to pick up duplex homes from $350,000 which will yield weekly rents of up to $400. This represents healthy gross yields of almost 6%.

“The growing interest in knock-down houses and continued investment in nearby suburbs is also a positive sign for developers considering Canley Heights for future developments.

The experienced real estate agent was also positive about the outlook for local home owners in 2010.

“I believe prices will stabilise, however a scarcity of quality stock is sure to put upward pressure on prices. This means if you own a property in Cabramatta or Canley Heights, now is a great time to consider a home upgrade to take advantage of the recent growth in prices.

A second office in South West Sydney was about building on the excellent brand recognition that Raine & Horne enjoyed in the region, Mr Fasan said.

“The Raine & Horne brand gives us strength to promote our unique property services to the same people, the same owners but in a different location.

“At the end of the day I just wanted to underline to our customers that this new business was going to be run by Raine & Horne. It was about promoting a name that is synonymous with property in the region and is already established.”

Raine & Horne CEO Angus Raine said the team at Raine & Horne Canley Heights would be first-rate additions to the company's exceptional network in Sydney’s south west.

"Vic is well-known for his commitment to the local community and property consumers,” Mr Raine said

For all your local property needs Raine & Horne Canley Heights on 02 9727-6077.

Raine & Horne is an iconic Australian property firm, with more than 370 offices worldwide. Also an established Superbrand along with the likes of Qantas, Vegemite, Woolworths and Myer, the company has four distinct property service brands including Raine & Horne Residential, Raine & Horne Commercial, Raine & Horne Financial Services and Raine & Horne Rural.

For media wishing to attend the launch please contact Vic Fasan, Proprietor Raine & Horne Canley Vale on 0419 987 650 or Alana Drivas, Raine & Horne Marketing Communications on (02) 9258 5448.