Top real estate professionals Craig and Sharon Ireson are set to join McGrath Castle Cove, expanding the network’s footprint in Sydney’s North Shore.
McGrath CEO Geoff Lucas said the move illustrated their commitment to continued expansion in such an important market.
“We regard the Lower North Shore region of Sydney as one of the most desirable and sought-after property precincts in the country, with considerable upside into the future,” Mr Lucas said.
“Equally, strategically it is consistent with our considered and prudent assessment of quality businesses with well run property management assets that align with our current portfolios.”
McGrath Castle Cove would focus on the key suburbs of Castle Cove, Roseville Chase, Castlecrag, Middle Cove and Roseville.
Mr Lucas welcomed the Iresons into their sales division, and said the pair had a deep understanding of the dynamics driving that market.
“They are well-entrenched in their local community having lived there for 22 years, highly-regarded and dedicated; and are representative of the style of high quality partners with which we align both our business and client offering,” he said.
Mr Ireson has more than four decades of experience, including the past six years in Castle Cove. Prior to that has had a substantial career in property development financing in residential, commercial and industrial projects.
During the past six months, the Iresons sales include: 9 Willis Road, Castle Cove ($4.1 million); 140 Deepwater Road, Castle Cove ($2.975 million); 95 Neerim Road, Castle Cove ($3.8 million); and 91 Babbage Road, Roseville Chase ($2.95 million).
Mr Ireson said he believes the area’s house prices will continue to climb as more buyers see the potential and value that these suburbs have to offer.
“With lots of space, generally good-sized homes and very little traffic congestion, Castle Cove, Roseville Chase and Middle Cove are ‘hidden gems’,” he said.
“I’m seeing demand from families who want to upgrade yet be close to the CBD and in close proximity to Middle Harbour, often with great views and diversity in topography.”
Mr Ireson said that unlike many nearby suburbs, Roseville Chase, Middle Cove and Castle Cove remained devoid of large apartment-style living and continued to attract multi-generational living.
“This leafy part of Sydney’s North Shore is attracting an affluent younger demographic, drawn to nearby schools, golf courses and other sporting facilities,” he said.
“This decision has not been taken lightly, and we see this partnership with McGrath as a natural progression for our business which will allow us to focus more on our strengths in Sales and Property Management.”
Mr Lucas said McGrath Castle Cove would augment the new offices in Mosman, Neutral Bay and Willoughby as well as McGrath Crows Nest.
McGrath Willoughby’s John McManus who recently sold his business to McGrath, also welcomed the Iresons aboard.
“I’ve worked with Craig in the past and believe there is a great synergy and excellent opportunity for us to cross-pollinate our buyers,” Mr McManus said.
“This is a niche market that will compliment us as some of our clients want to transition to a more affordable option in a beautiful family environment.”