McGrath announces expansion in NSW alpine region with third key office

Two years ago McGrath launched its first office in the Snowy Monaro, and now they are opening their third office in the region, all under the banner of McGrath Snowy Mountains.

The Announcement:

Following the successful launch of two regional agencies in Cooma and Berridale in 2020, McGrath Estate Agents today announced the opening of a third office, this time in Jindabyne, to service this increasingly popular region. Together, they will form McGrath Snowy Mountains.

Christopher Mourd, Head of Franchise for McGrath Estate Agents, said, “We see Jindabyne as one of the most exciting lifestyle markets in the country. It continues to build its reputation as an adventure playground that will rival Queenstown in New Zealand with its natural beauty, outstanding mountain biking, trout fishing, summer bush walking and winter snow sport facilities all within a short distance from the town centre.”

The group’s continued growth in regional New South Wales reflects the unprecedented interest and movement from city-based buyers evident during the COVID pandemic.

“Our initial forecast for strong growth in the Snowy Mountains region has been realised,” he said. “Equally it became apparent we needed to expand our services across the region to reach a broader community.”

Shannon Fergusson, Principal of McGrath Snowy Mountains said the Jindabyne office will cover the key suburbs of Jindabyne, East Jindabyne, Thredbo, Crackenback, Moonbah and Avonside. “Overall, McGrath Snowy Mountains will cover an area from Michelago in the north, Yowrie in the east, Ombala to the south and will be bordered in the west by the Kosciuszko National Park,” he confirmed.

Mr Fergusson reported the Jindabyne market has seen significant change in the past 18 to 24 months. “Typically, the area has been popular with retirees and keen snow skiers,” he said. “Since the outbreak of COVID and the opportunity for people to work from home, the region has seen unparalleled growth.”

A notable influx of city-based families looking for a change of lifestyle has been seen throughout the region, reports Mr Fergusson. “After such long periods of lockdowns in city areas, the lure of the lean mountain air, skiing and mountain-biking has drawn families to Lake Jindabyne.”

The area is serviced by excellent schools including Snowy Mountains Grammar School and Jindabyne Central School. The Jindabyne Special Activation Precinct masterplan focusses on new business opportunities and the development of year-round tourism of the region*.

Mr Fergusson said McGrath Snowy Mountains’ Jindabyne office will have a staff of 14 with key members being the alpine region’s sales specialists, Gordon Jenkinson and Sally McCoullough. “Our Jindabyne office will offer the community premium sales, leasing and holiday letting services,” he confirmed.

Jindabyne’s median house price sits at $1,400,250 and $770,000 for units with days on market averaging 30. To date, the auction clearance rate is a robust 86 per cent.**

Gordon Jenkinson achieved a suburb record for East Jindabyne when he sold a lakefront residence at 18 Tulong Close for $3.1 million in November last year. In March he transacted a house in Monckton Road, Crackenback for $2.3 million and in April, a lakefront unit in Jindabyne for $1.6 million

Source: McGrath Estate Agents

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