Search Results for: McGrath
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NEWS
McGrath to sell to Knight Frank and Bayleys
John McGrath has struck a deal to sell McGrath Limited to Knight Frank and Bayleys, in a move that would also see the company delisted from the ASX.
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NEWS
McGrath posts $7.5 million profit and plan for more offices
McGrath now has 16 more offices and 81 more agents than it did a year ago, with a view to add 115 high quality new offices to the network over the next three to four years.
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INDUSTRY NEWS
New McGrath Lithgow and Rylstone offices evidence of surging demand from city buyers
McGrath Central Tablelands has launched a second and third office in the space of three months, with the latest venture in Lithgow quickly following on the heels of the Rylstone office.
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INDUSTRY NEWS
McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite a tough property market, driven by historically low listings.
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INDUSTRY NEWS
100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals of McGrath Double Bay are no exception.
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NEWS
McGrath’s half-year results: expansion, profit and market outlook
McGrath has revealed its plans to add 125 new, high quality offices to its national network as part of its growth strategy over the next four years.
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FRANCHISE NEWS
Craig Pontey and Michael Finger move to McGrath
High-profile Double Bay agents, Craig Pontey and Michael Finger have officially moved over to ASX-listed McGrath after 35 years with Ray White.
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FLOOD RESOURCES
A four-point response plan to flooding crisis: McGrath Paddington
When it became evident clients of the McGrath Paddington, Wilston and New Farm offices would be among those directly impacted by rising flood waters, the real estate team quickly sprang into action.
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NEWS
McGrath on track for stellar half-year
The McGrath Group has released a trading update, indicating the group expects to enjoy net earnings of between $10 million and $11 million for the first half of the 2022 financial year.
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FRANCHISE NEWS
Meet McGrath Brisbane’s top five performers
McGrath Estate Agents has assembled a team of elite performing agents in the competitive Brisbane property market,
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NEWS
McGrath celebrates stellar financial turnaround
McGrath has finished the 2021 financial year on a high, announcing an $18.3 million turnaround on its previous financial year results.
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NEWS
McGrath appoints Marguerite Foxall to spearhead Victorian expansion
McGrath Estate Agents has appointed experienced agent Marguerite Foxall to the position of State Manager for Victoria, as the company earmarks the southern state for future growth and expansion.
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BTW
McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular regional area of NSW. McGrath Lower Blue Mountains will be…
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NEWS
McGrath appoints Kyle Pitman as part of digital focus for learning and development
McGrath Estate Agents has announced the appointment of Kyle Pitman as Head of Learning and Development.
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NEWS
McGrath appoints Michael Murray as head of company sales
McGrath Estate Agents has announced the appointment of Michael Murray as Head of Company Sales for the group.
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FRANCHISE NEWS
McGrath’s momentum continues with strong predicted earnings
McGrath has announced its predicted earnings for the 2021 financial year, with the group’s underlying EBITDA expected to be more than four times what it was the year prior.
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NEWS
Growth catalyst for new McGrath team
McGrath Parramatta has expanded its operation adding the previously company-owned Blacktown business to its franchise group and operating the two offices as McGrath West Group. Led by Kon Stathopoulos, the business has strategically aligned itself with key talent in Sydney’s Greater Western region with Joel Hollings and Amit Nayak joining as partners in the new business structure. The announcement follows…
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Elite Agent
McGrath back in the black with $9.1m turnaround
McGrath Real Estate Group is back in the black after announcing a $9.1 million turnaround in its Net Profit.
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NEWS
McGrath and Canvas have designs on collaboration
McGrath Estate Agents has announced a strategic partnership with award-winning Sydney digital design agency Canvas Group to collaborate on brand, design and content in a co-working environment.
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Elite Agent
Looking back, moving forward: John McGrath
We asked some of our industry leaders how they found 2020 and what they're looking forward to in 2021.
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NEWS
McGrath announces pleasing FY20 results
McGrath Limited has announced a significant turnaround in fortunes this past financial year. The company posted underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $3.7 million, excluding $2.2 million worth of government COVID-related grants, for the year to 30 June 2020. This is compared with a loss of $6.4 million in the previous year, and amounts to a…
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NEWS
McGrath appoint new CEO after Geoff Lucas resigns
Geoff Lucas has stepped down from the role of Chief Executive Officer at McGrath Limited. Mr Lucas’ resignation was announced on the same day the company released their FY2020 financial results. “The Board had accepted Mr Lucas’ resignation and paid tribute to his service to the company during what has been a difficult two and a half years for the…
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Elite Agent
McGrath’s new focus on project marketing post Covid-19
McGrath has announced it will bolster its project marketing division, McGrath Projects, after securing highly respected industry specialists, Colin Griffin and Murray Wood, who will join as Associate Directors. Announcing the appointments, McGrath CEO Geoff Lucas said he believed the time was right to focus on the re-emergence of the off-plan development sector post COVID-19 and saw excellent opportunities for…
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OPINION
McGrath CEO Geoff Lucas gives some insights of working from home as he leads a team of 1,800
While the ongoing COVID-19 pandemic impacts all of us greatly, and for many working remotely is a great challenge, my co-workers at McGrath were well prepared. We had already trialled our teams working from home to ensure our tools and systems were in place, so we were fortunate to be ahead of the curve in that respect. Real estate is…
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NEWS
COVID-19 – McGrath sees public endorse auction live streams
Online auctions and virtual inspections are proving successful, according to McGrath Estate Agents, who note the real estate industry has adapted quickly to the necessary legislation of social distancing. “We have painstakingly worked with our agents to ensure that we exceed the safety requirements around COVID-19 of social distancing of between more than 4 square meters, and we’re delighted to…
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NEWS
McGrath trials coronavirus safety plan
McGrath Limited is proactively trying out a safe working environment should the need for staff to work remotely arise in the wake coronavirus outbreak. While the real estate company hasn’t been impacted by the crisis internally, McGrath CEO Geoff Lucas said they want to proactively plan and test operating systems to ensure the business continues to run smoothly should the…
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NEWS
Major turnaround for McGrath
McGrath has reported a major turnaround with half-year results indicating a revenue increase of 15 per cent to $48.9 million on the back of strategic initiatives, improved market sentiment and strong clearance rates. Releasing their FY20 first half results this week, McGrath CEO Geoff Lucas said the turnaround on the prior year was significant and reflected the adoption of a…
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NEWS
McGrath launches new digital experience platform
McGrath Estate Agents has launched a new digital experience platform, designed to set it apart from traditional real estate websites. Delivering a unique user experience for its clients, whether they be vendors, buyers, landlords or tenants; the new content-focused website showcases an elegant, minimalist design that embodies the McGrath brand. In another first for mcgrath.com.au; the new digital experience platform…
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NEWS
McGrath shows confidence in South Coast market
McGrath Estate Agents will open two new franchise offices on the New South Wales South Coast in Mollymook and Ulladulla. Led by the area’s leading sales agent Andrea Tucker, the new offices are part of McGrath’s expansion along the eastern seaboard markets in NSW. McGrath Estate Agents Head of Franchise Christopher Mourd said McGrath Mollymook and Ulladulla will service the…
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NEWS
Leading Illawarra agent Jeremy Hodder joins McGrath’s team
Leading Illawarra agent Jeremy Hodder will join McGrath’s sales team in the company’s expansion in the Illawarra. Mr Hodder has been a real estate agent and auctioneer for 18 years – and his expertise are a valuable addition to the team, where he will also be a great mentor to emerging agents within the group. Some of Mr Hodder’s impressive…
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NEWS
Rose Farina joins McGrath as it boosts its presence in Northbridge
Prestige agent Rose Farina has joined McGrath, with the company acquiring her rent roll and business in Sydney’s Northbridge region of the Lower North Shore. CEO Geoff Lucas said attracting highly-respected agents is a strong indicator of continued influence of the McGrath brand. “Equally this expansion is consistent with our strategy to partner with high-calibre, well-regarded agents with a significant…
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NEWS
Josh Willatt joins Andy Hogarth and Billy Jaz at McGrath Palm Beach
McGrath Gold Coast Group has announced that top local real estate agent Josh Willatt will join its Palm Beach operation. The news comes as existing McGrath agents Andy Hogarth and Billy Jaz, step into the role of joint franchise partners of McGrath Palm Beach in conjunction with Ian Mills. David Mills, Director and General Manager of McGrath’s Northern Rivers operation…
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NEWS
Openn Negotiation doubles bidders and halves time on market for McGrath Geelong
An online sales property purchasing system generating buyer competition and selling properties faster has the potential to “break the industry in half”, according to one Principal using the system. McGrath Geelong Principal Will Ainsworth has sold 18 properties using Openn Negotiation, which enables buyers to submit flexible terms for the vendor’s approval, allowing more people to participate in bidding and…
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NEWS
McGrath grows its Sydney northside footprint
McGrath Limited(ASX:MEA) today announced that top real estate professionals, Craig and Sharon Ireson would join McGrath located in Sydney’s Castle Cove region of the North Shore. CEO Geoff Lucas said that this was another important move for the company. “This illustrates our commitment to the continued expansion in such an important market. We regard the…
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NEWS
A move that signals the new dawn for McGrath
McGrath Limited (ASX: MEA) has moved their Corporate Headquarters to a 1,745 sqm office space in Pyrmont, as an important pillar in its turnaround strategy. In line with this move, it has also rebased its sales and property management teams previously operating out of its former Edgecliff location to both Double Bay and Surry Hills.
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