News

PRD real estate agency future in limbo

THE future of the Grafton based PRD real estate agency is uncertain after it was confirmed that Bailey and Gough Grafton has purchased PRD's rental management roll.

Bailey and Gough director Derek Morgan confirmed that most of PRD's former landlords had signed up to his agency, with the few who hadn't signed yet expected to do so in coming days.

Mr Morgan said he was first approached about buying the rent roll by an independent broker late September.

"Robbie has got other plans he wants to pursue and he wanted someone to take over his properties that was going to give his customers good service ... that was his major concern."

Although he did not want to disclose the number of rentals involved in the purchase, Mr Morgan said it was "considerable" and added to the agency's already large stable of properties.

Other sources said the roll involved more than 100 properties.

Bailey and Gough hoped to be trading out of new premises on the corner of Prince and Victoria Sts by January 1, he said.

"We've backed ourselves for growth by moving to bigger premises and this just came along," he said.

Bailey and Gough employs 15 people.

Topics:  prd nationwide



Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Calm weather with up to two-metre swells at Tweed

Waves might look like this.

Surf conditions for the beach this weekend.

Feast of street food trucks into Harbour

FEAST FOR FOODIES: Mat Whalley, Kat Creasey, Chico Green and Trevor Braga from Food Kartel and Destination Tweed CEO Bill Tatchell are looking forward to the Tweed Food Truck Extravaganza.

Food Trucks will descend on Tweed Heads for a street food fiesta

Upmarket beach townhouse

Real Estate: 4/45 Kingscliff Street, Kingscliff NSW.

Take a look inside this stylish Kingscliff townhouse conversion

Latest deals and offers


British family bashed in Thailand

Family beaten and kicked unconscious by gang in Thailand.

Family beaten and kicked unconscious by gang in Thailand.

Ben Hunt wary of Sharks Halfback

Ben Hunt of the Broncos looks to pass during the round 23 NRL match between the Brisbane Broncos and the St George Illawarra Dragons at Suncorp Stadium.

Ben Hunt talks about Cronulla's Chad Townsend.

Broncos prepare for Sharks

Defensive training session at the Broncos

Tough defensive session in preparation for Sharks game.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

VIDEO: Art Deco fan pays $835,000 for Imperial Hotel

No Caption

Iconic "Impy" sold at a bargan price to bidder who loves Art Deco.

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances