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 area from Lake Canjola in the North, Yadboro in the West to Dolphin Point in the East down to Bawley Point in the South.
“Mollymook and Ulladulla both have deep connections to our core markets of Canberra and Sydney. It has long been considered a favoured region for holiday-makers and sea changers, even more so since the opening of Bannisters Pavillion,” Mr Mourd said.
After seven years of running a successful brand, Ms Tucker said she wanted to expand her business and cast a wider net.
“This partnership is a natural progression for our business and will allow us to provide our customers with exceptional service and care,” she said.
When it comes to the local market, Ms Tucker said it had been a remarkable year with peaks and troughs starting off the back of a booming market followed by a lull around the end of the financial year coupled with the federal elections.
“As interest rates have remained low, we are now experiencing both activity and growth back into the market,” she explained.
“The local area is fortunate in that it attracts buyers from all along the Eastern Seaboard and Canberra. We are seeing a heightened number of young professionals relocating to the area and working remotely and a spike in retirees coming to the area, selling their inner city homes and buying a home similar in size by the ocean.”
In the last 18 months the team at Mollymook and Ulladulla have achieved strong results selling 62A Clyde Street, Mollymook for $1,120,000 at auction, 3A Cornfield Parade, Fishermans Paradise for $1,230,000 ($280,000 over the reserve price at auction), and 22 Tallwood Avenue, Mollymook for $1,120,000, which is high above the area’s median selling price of $610,280 as quoted by RPData.
Ms Tucker also holds many street records throughout the area including 62A Clyde Street, Mollymook for $1,120,000, 35 Bushland Avenue, Mollymook for $1,173,000, 5 Latta Street, Mollymook for $1,225,000 and 16 Beach Road, Mollymook for $1,875,000
