LJ Hooker Gladstone has acquired LJ Hooker Boyne Tannum to enhance its market presence in Central Queensland while maintaining the legacy of the previous owner and reinforcing its commitment to community-focused real estate services.

Information on the target

The newly rebranded LJ Hooker Gladstone has solidified its presence in the Central Queensland market through a strategic acquisition. This move is part of a two-part transition to align with the iconic LJ Hooker real estate network. Licensees and directors Ron English and Lissa Holgate, who transitioned from The Professionals Gladstone to LJ Hooker Gladstone in October of the previous year, have been actively pursuing opportunities to expand their footprint in the region's thriving coastal market.

The recent acquisition of the nearby LJ Hooker Boyne Tannum marks a significant milestone for the company. This business, previously operated by long-time licensee Vicki Brown for over three decades, was sold with the stipulation that it would remain within the LJ Hooker network. This acquisition not only enhances the brand's local presence but also underscores the commitment to maintaining strong community ties.

Industry overview in the target’s specific country

The real estate industry in Australia, particularly in regions like Central Queensland, has shown resilience and adaptability in the face of economic fluctuations. Gladstone, known as the 'Gateway to the Great Barrier Reef,' is strategically located