Search Results for: Geoff Lucas

  • 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 continue to service clients and keep the wheels of commerce moving for our country,” …

    Read More »
  • 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 crisis worsen.  …

    Read More »
  • 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 number of initiatives to improve the company’s bottom line. …

    Read More »
  • 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 (DXP) sees the launch of ‘The McGrath Insights Centre’ which is tailored to meet the consumer’s appetite and need for constantly evolving content that is easily and readily accessible. …

    Read More »
  • 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 community presence,” …

    Read More »
  • NEWS
    McGrath Castle Cove

    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… …

    Read More »
  • 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. …

    Read More »
  • NEWS

    McGrath predicts $6.5 million loss, appoints new CFO

    McGrath Limited has announced the appointment of a new Chief Financial Officer as the company faces further losses in the final quarter of FY2019 if weak market trends continue. The company expects a full year EBITDA loss of up to $6.5 million for the year ended June, 2019, following on from an EBITDA loss of $4.5 million for the eight months to 28 February, …

    Read More »
  • NEWS

    Richard Shalhoub returns to McGrath

    Prestige agent Richard Shalhoub is to return to McGrath after the company announced it has entered into an agreement to acquire Mr Shalhoub’s business and assets in Sydney’s CBD and northern CBD harbourfront market. The total consideration is expected to be approximately $1.6 million and will be settled in cash, with the binding agreement expected to be completed in early July 2019. …

    Read More »
  • NEWS

    John McManus moves back to McGrath

    McGrath has announced the acquisition of the business and assets, including rent roll, of a real estate business owned and managed by principal John McManus in Sydney’s Lower North Shore. The move is part of the company’s corporate strategy to maintain their presence in the lower north shore. Commenting on the purchase, McGrath CEO Geoff Lucas said the company was excited to welcome Mr McManus back to McGrath and expects that he will make a significant contribution to their Lower North Shore business. …

    Read More »
  • NEWS

    Nick Dunn returns to Team Chauncy at McGrath Crows Nest

    McGrath Crows Nest has welcomed Nick Dunn back to the team as the office plans for further expansion. Peter Chauncy, Principal of McGrath Crows Nest, believes that Mr Dunn has all the necessary ingredients to be one of their future stars and was delighted to welcome him back. “Nick typifies the calibre of agent that we wish to recruit and mentor as we continue to expand our business in the important Lower North Shore region. …

    Read More »
  • NEWS
    news

    Reinvigoration of IT strategy to kickstart McGrath’s future growth

    McGrath Limited (ASX: MEA) announced its FY19 first-half results, showing an 18 per cent drop in revenue. A release to the ASX points to the subdued market conditions having an impact on performance, resulting in an  EBITDA loss for the first half of $2.5 million. This result comprises the previously reported first-quarter loss of $1.9 million and a reduced second-quarter loss of $600,000 and is in line with the guidance that was provided to the market in October last year. …

    Read More »
  • FRANCHISE NEWS

    McGrath recruits new team in Sydney’s Lower North Shore property market

    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, …

    Read More »
  • FRANCHISE NEWS

    Nine agents join McGrath Paddington

    Leading residential agency McGrath Estate Agents, a division of McGrath Limited, has announced that nine high-performing agents will join McGrath Paddington as it seeks to bolster its existing company-owned offices in Brisbane. The new recruits will be led by Daniel Goodwin, who is transitioning his entire sales team across to McGrath. His agents will service key Brisbane suburbs that include Paddington, …

    Read More »
  • FRANCHISE NEWS

    Ray White Rural stock camp prepares next generation of livestock agents

    The next generation of livestock and station agents have travelled hundreds of kilometres and from several states to attain their first accreditation for a job in the industry. Stock Camp, hosted by Ray White Rural and sponsored by Fairfax, SocietyOne and Brand Territory, was held at Charles Sturt University in Wagga Wagga. Over three days, 33 students from Rand, Mt Gambier, …

    Read More »
  • FRANCHISE NEWS

    McGrath agents support local communities with over $1 Million in donations

    McGrath Estate Agents have announced that its agents and offices throughout the eastern seaboard have collectively donated more than $1,000,000 to charities during the 2018 financial year. McGrath Chief Executive Officer Geoff Lucas affirmed the company’s commitment to supporting and giving back to its local communities. “Community is at the core of McGrath’s values and truly ingrained in our culture. We strongly believe it’s important that as a company we support and give back to the communities in which we operate and hope that in doing so we can make a difference.” Mr Lucas added, …

    Read More »
  • NEWS

    McGrath looking to business turnaround

    McGrath Real Estate is looking to the positive after a tough financial year, yesterday noting “…the core fundamentals of McGrath are robust” and the company remains “one of Australia’s leading sales agent teams” with “brand, customer service offering and network reach”. The publicly-listed company released its end of financial year results on Monday, reporting the revenue and Earnings Before Interest, Taxes, …

    Read More »
  • FRANCHISE NEWS

    Chinese-based developer to become second biggest shareholder in McGrath

    Chinese-based local developer Aqualand has made a ‘strategic investment’ in McGrath. The company will acquire a 15 per cent stake over two placements. The investment will make them the second biggest stakeholder in McGrath, behind founder John McGrath. Aqualand will appoint a director to the board after the acquisition has been completed. An initial stake of 8.7 per cent has already been acquired by Aqualand. …

    Read More »
  • FRANCHISE NEWS

    McGrath hosts annual leadership forum in Melbourne

    More than 100 of McGrath’s business leaders, executives and franchisees gathered together in Melbourne this week for the company’s annual Leadership Forum, held over two days. The company’s largest leadership forum to date was led by McGrath Founder and Executive Director John McGrath and recently appointed CEO Geoff Lucas. Chair of the McGrath Board Peter Lewis joined Mr McGrath and Mr Lucas as they addressed the future growth and success of the company, …

    Read More »