Raine and Horne

No property too far Despite the limitations of public transport, the fledgling firm of Raine & Horne handled sales of rural and regional properties from the outset. Elizabeth Warburton notes in her book Private Property: A Family & a Firm, that Tom Raine and Joseph Horne handled: “anything that came their way including the far countryside … On long weekends they forayed up to the Blue Mountains to sell allotments for healthy holiday homes, or hospitals for consumptives, hotels and spas for tourists, or a few acres for orchards and gardens”. As a guide to the firm’s regional activity, during Easter 1920 Raine & Horne sold 12 lots in Katoomba for prices up to £1 per foot. In 1921, 24.5 acres were sold at Mount Wilson for £370, and between 1904 and 1920, the firm managed the sale of properties in the Southern Highlands, the North Coast, Tuggerah Lakes, Wollombi and Faulconbridge. Indeed the 1920s offered richly successful rural sales. There was the Mount Vincent Estate in the Maitland district, where 2,500 acres was subdivided into 20 farm lots selling for up to £14 per acre and commanding total sales revenue of £18,322. In 1924, the sale of the Royal Hotel in Gunnedah achieved a price of £700. As the years rolled by, auctions in the country typically yielded healthy results – though not without adventure. In 1939, Ned Raine travelled by train to Bowral to manage an auction, only to find that on the hottest day ever recorded, not a soul turned up. The town’s entire population was busy fighting bushfires, and it wasn’t long before the Raine & Horne team rolled up their sleeves and pitched in. A specialist rural division Growth through franchising in the 1970s saw Raine & Horne extend its footprint into major regional centres including Armidale, Dubbo, Bathurst and Wagga among them, and later into the Adelaide Hills, followed by offices in regional Queensland and Western Australia. However, with an extensive family resume linked to the bush, the launch of Raine & Horne Rural in 2014 made perfect sense. Some of the world’s most productive land is found in Australia, and overseas investors view the nation’s rural property market as a safe investment. Global investors increasingly look to secure a large portfolio of crop interests, wheat farms and processing facilities across the country, and in 2015, a significant overseas based beef producer announced it was looking to buy up to $100 million worth of Australian cattle stations over the following 12 months. Raine & Horne Rural has the specialisation to meet this sort of demand at the top end of the rural market, with a focus on broadacre and irrigated cropping, as well as dairy, horticulture, pastoral, viticulture and lifestyle properties. In 2015 for instance, Raine & Horne Rural announced a deal to assist mostly foreign-based investors buy $600 million in Australian agricultural assets. The bulk of the spending came from investors in Asia, Europe, and the United States, who view Australian agriculture as an industry with scope for growth. Harvesting cutting edge technology Facilitating the push to the bush, Raine & Horne Rural amassed a team of agribusiness professionals, former farmers, stock and station agents and rural experts. This well-rounded experience leaves the firm well-placed to build relationships As the years rolled by, auctions in the country typically yielded healthy results – though not without adventure 113

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