Australian real estate giant hopes to shake up NZ market

The agency is also on the acquisition trail to support its aggressive expansion. It is also aiming to open in the South Island later this year.

Executive chairman Angus Raine, the fourth generation of his family to lead the firm since 1883, says the launch follows extensive consultation with real estate principals across New Zealand, revealing an overwhelming appetite to align with an alternative network.

Raine and Horne is one of the southern hemisphere’s oldest continuously operating firms. It has more than 300 offices worldwide, including Asia, the South Pacific, India, Australia, and the Middle East.

Raine says there is significant appetite for another major real estate brand in New Zealand, especially in this softer market where many, particularly independent businesses, are increasingly realising there is great value and safety in being a member of a major real estate group.