Raine & Horne Commercial Canberra boosts capability to meet the market as new tax free threshold bolsters high demand

JULY 5, 2023

Key Points

  • Raine & Horne Commercial Canberra is growing its resources and increasing overall expertise with the strategic appointment of a highly experienced Sales & Leasing Executive, following an exceptionally successful first financial year of trading.
  • The business is excited by Canberra’s commercial property market prospects, given recently announced changes to the stamp duty exemption threshold for commercial property investments.

Raine & Horne Commercial Canberra is thrilled to announce the strategic addition of Mr Slava Kholopov to its dynamic team, growing its capability to meet continued demand in Canberra’s commercial real estate market.

Raine & Horne Commercial Canberra Managing Director Mark Nicholls says despite recent interest rate increases, Canberra's commercial real estate market continues to see a remarkable upswing. Fuelled by robust economic growth, significant infrastructure development, and a steady influx of government institutions, Canberra continues to earn its reputation as an investment haven.

“Add to this the fact the ACT Government has recently increased the tax-free threshold on commercial property purchases, meaning commercial property purchased up to a price of $1,800,000 are exempt from conveyance duty, and the outlook for the market couldn’t be better,” said Mr Nicholls.

 “This change provides even greater incentives for businesses and investors, making Canberra an even more attractive investment destination.”

Mr Nicholls, alongside his wife Hayley Nicholls, launched Raine & Horne Commercial Canberra in July 2022 and have experienced a highly successful first year of trading in the National Capital’s robust market.

Significant property transactions include the iconic Frawleys building in Garema Place, which was offered for sale for the first time in its history and sold for an impressive $3,520,000; 9/46-50 Botany Street Phillip, a secure investment tenanted by Petbarn and which sold for $3,750,000; and 2/173 Flemington Road Mitchell, a rare tenanted investment in a tightly held industrial precinct which sold for $1,550,000.


Expansion and expertise to fuel growth and success

Following a highly successful first financial year of trading and recognising the requirement for growth to meet demand in this buoyant market, Raine & Horne Commercial Canberra has strategically added to the team Slava Kholopov, an industry expert with an exceptional track record.

Mr Kholopov brings over 16 years of extensive experience in asset management, commercial property deals, property development, consultancy marketing, sales, and leasing. His impressive career trajectory includes pivotal management and strategic roles at globally renowned commercial real estate companies, where he successfully navigated complex real estate landscapes, delivered outstanding results, and forged strong industry connections.

"We are thrilled to welcome Slava Kholopov to our team at this pivotal moment in the Canberra commercial real estate market," said Mr Nicholls.

"His appointment underscores Raine & Horne Commercial Canberra's unwavering commitment to providing the best possible results and the highest standard of professionalism to our clients.”

The addition of Slava Kholopov couldn't have come at a more opportune time, considering the recent announcement by the Chief Minister of the ACT regarding the increase in the stamp duty free threshold from $1.7 million to $1.8 million. This change provides even greater incentives for businesses and investors, making Canberra an even more attractive investment destination.

For all your commercial sales and leasing needs in the Australian Capital Territory, contact Raine & Horne Commercial Canberra on 6236 9526.