McGrath Estate Agents, a division of McGrath Limited (ASX: MEA) has announced the opening of a new company-owned sales and property management office with a hand-selected team to operate on Sydney’s Lower North Shore.
McGrath Founder and Executive Director John McGrath said “We’ve had the pleasure of servicing the Lower North Shore of Sydney for over 23 years – it being the first region chosen when we expanded out of the eastern suburbs all those years ago, and we’re delighted again to be opening our new office there.
“Whilst the real estate market in many areas has pulled back dramatically, good properties in blue ribbon locations are performing exceptionally well and the Lower North Shore has been of the most sought-after and desirable markets in Sydney in the last few years.”
McGrath CEO Geoff Lucas, a Cremorne resident, said the company knows the area well and was committed to rejuvenate and grow its presence in the important and lucrative Lower North Shore market of Sydney.
“McGrath opened on Sydney’s Lower North Shore in 1996 and as such have developed a strong affiliation with the area. So naturally we are excited to be in a position to offer our services to clients for both residential sales and property management under our well-capitalised new office structure.
“We believe our current recruitment program will give us the firepower to consolidate our presence in the area as we earmark other new office locations for the region. We want to ensure that both vendors and buyers have the most cohesive, professional advice available to them when transacting property, and that landlords and tenants are equally looked after with advanced technology to enhance their customer experience,” Mr Lucas said.
Kon Stathopoulos, Head of Sales for McGrath’s company-owned offices, confirmed that initially six agents will form the cornerstone of the group’s Lower North Shore expansion.
“We’re delighted to welcome some previous McGrath agents to our exciting new venture, and we will continue to recruit other agents to enhance our presence and ability to service this large and diverse area,” he said.
Foundation agents transitioning to the new McGrath Neutral Bay and Mosman offices are:
- Claudia Portale
- Gareth Richards
- Adrian Rae
- Harriet Halmarick
- Alon Beran
- Olivia Chung
Mr Lucas confirmed that this renewed vigour of expanding McGrath’s offering across Sydney’s Lower North Shore would supplement a strong presence in key northside markets already serviced.
“Our two existing offices in Crows Nest and Lane Cove continue to deliver strong and impressive results for our clients, with both regions dominated by our top-performing agents Peter Chauncy and Brent Courtney respectively. We believe areas such as Crows Nest, Cammeray, Lane Cove, Chatswood and Greenwich will continue to be popular precincts and provide excellent buying opportunities over the next few years.”
The company has plans to open a custom-designed office for McGrath in Mosman and has also identified another location for McGrath Neutral Bay. In the interim, the new team will be located in Neutral Bay.