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The boutique brand is on track with its rollout plans in the East Coast with the opening of its latest office in the Sunshine State.
Following a realignment from the Ray White banner, Stone Real Estate has expanded its network in the growing Moreton Bay region with the establishment of a new headquarters in North Lakes and Kallangur.
Led by principals David and Teresa Bruce, the new outfit brings the total number of offices operating the brand’s banner in Queensland to eight, including an outfit in Golden Beach which was launched in August 2022.
The new team servicing the diverse areas of Murrumba Downs, Mango Hill, Petrie, North Lakes, Dakabin, Kallangur, and Griffin is composed of six members, including sales manager Lee Doyle and his spouse Dee.
Mr Bruce said the realignment was an “easy decision to make”, citing the brand’s “commitment to work culture, industry excellence, customer service” as well as its technological offerings.
“Stone offers a breath of fresh air in the real estate industry, providing boutique service and a focus on customer values,” he remarked.
Further giving insight on what motivated the switch, he also highlighted that the brand’s culture was “exactly what we were looking for”.
“There is genuine care for staff and customers. We’re delighted to have made the switch to Stone and believe we can carve out a unique niche for vendors and buyers across the growth corridor of Moreton Bay and beyond,” he stated.
Stone Real Estate head of franchise, Luke Cameron said that the opening of the new office represents a significant expansion for the brand in Queensland, which is a crucial market for Stone.
“[We’re] delighted to welcome David and Teresa, as well and Lee and Dee into the Stone family. They bring ambition and experience that adds significant presence to Stone Real Estate, and we look forward to seeing their business grow in the coming years.”
“Make no mistake; Stone is on the march across the East Coast of Australia and with great people like the Kallangur crew part of our network, the sky is really the limit for our brand in the years to come,” Mr Cameron said.
Speaking on the local market conditions, Mr Bruce said the market was still assessing the recent interest rate moves from the Reserve Bank of Australia (RBA).
“Generally speaking, stock has been tight. That’s often the best time to sell when there is increased competition and demand. I think with the RBA putting rates on hold last week, it will act as a catalyst for positivity in the broader market,” he forecasted.
With a median house price of $615,000, the brand highlighted that the area offers an affordable option for owner-occupiers. At the same time, waterfront homes in the area have reportedly fetched sale prices of upwards of $1.5 million, making it an attractive location for investors.
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