Search Results for: Geoff Lucas
-
FRANCHISE NEWS
Rise in listings likely to slow price growth
The surge in new properties listed for sale is likely to continue until May, putting downward pressure on price growth according to a leading agency.
Read More » -
FRANCHISE NEWS
Leading Sunshine Coast agent Dan Smith joins The Agency
Prominent Sunshine Coast agent Dan Smith has joined The Agency, backed by decades of real estate experience in the Brisbane and Sunshine Coast real estate markets.
Read More » -
NEWS
Inflation came sooner than expected, but RBA keeps rates on hold
Inflation has picked up faster than the Reserve Bank of Australia expected, but the board still elected to keep interest rates on hold at a historic low of 0.1 per cent today. At the bank’s first meeting of the year, the board did elect to stop further bond buying, with its final purchases to be made on 10 February. In…
Read More » -
FRANCHISE NEWS
The Agency records robust financial results
The Agency has revealed improved financial and operational results for the first half of the 2021-22 financial year as it continues to grow across five states and territories.
Read More » -
APPOINTMENTS
Luke Evans joins The Agency
The Agency welcomes experienced performance and sales coach Luke Evans to the team as General Manager of Sales, NSW and ACT.
Read More » -
FRANCHISE NEWS
Toby Sandell and team bring The Agency to Toowoomba
The Agency today announced the continued expansion of its national footprint with its launch into Queensland’s regional city of Toowoomba, helmed by leading and well-respected sales agent Toby Sandell.
Read More » -
FRANCHISE NEWS
The Agency launches in the nation’s capital city
The Agency continues to grow its national presence with the establishment of a high-performing team in Canberra.
Read More » -
NEWS
Real estate roundup: the year that was
The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices. Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney. There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures. Once again, AREC thrilled and inspired, while the AREAs…
Read More » -
INDUSTRY NEWS
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
Read More » -
FRANCHISE NEWS
Fortis appoints The Agency as lead agent on Pillar+Tide
Fortis has appointed The Agency as lead agent for Pillar+Tide, a boutique luxury development in Brighton, with project sales led by Michael Paproth. The appointment marks the first project between The Agency and Fortis in Brighton.
Read More » -
INDUSTRY NEWS
RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
Read More » -
FRANCHISE NEWS
North Shore native Nick Separovich joins The Agency
The Agency has further cemented its position in Sydney’s prestigious North Shore with the addition of highly experienced and skilled agent Nick Separovich to the team.
Read More » -
NEWS
APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
Read More » -
INDUSTRY NEWS
Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with real estate industry leaders predicting Australia’s hot housing market will start to even out a little in the coming months.
Read More » -
NEWS
Industry icon Tony Abboud and his team join The Agency
The Agency has welcomed the news renowned Sydney agent Tony Abboud and his team are set to join the growing brand. With 41 years experience in the industry as a successful business owner, property consultant, trainer and mentor, Mr Abboud is considered a true industry legend, The Agency explained. Mr Abboud’s Snowden Parkes brand has been a dominant force in…
Read More » -
APPOINTMENTS
Lee Dowdall joins The Agency in Hunters Hill
The Agency is continuing to grow its footprint across Sydney, with the group announcing Lee Dowdall will spearhead its expansion into Hunters Hill.
Read More » -
NEWS
James Navin joins The Agency Central Coast
The high level of market activity on the NSW Central Coast market is attracting significant talent to the area, including experienced former local agent James Navin.
Read More » -
NEWS
The Agency and Hawthorn Football Club join forces
The Agency is continuing to kick goals, with AFL team Hawthorn entering a commercial partnership with the company.
Read More » -
NEWS
The Agency reports solid growth and GCI for March quarter
The Agency has released its operational and financial results for the March quarter, reporting solid growth in the first three months of 2021.
Read More » -
Elite Agent
McGrath’s new focus on project marketing post Covid-19
McGrath has announced it will bolster its project marketing division, McGrath Projects, after securing highly respected industry specialists, Colin Griffin and Murray Wood, who will join as Associate Directors. Announcing the appointments, McGrath CEO Geoff Lucas said he believed the time was right to focus on the re-emergence of the off-plan development sector post COVID-19 and saw excellent opportunities for…
Read More » -
Elite Agent
The ultimate guide for remote working and managing remote teams
COVID-19 has meant that we all need to get used to working from home, even if we’ve never done it before. Here are some tips to make working from home more comfortable. 10 Tips for working remotely Dedicate a workspace Designate a specific area in your house for work. This will make it easier to stay focused and separate your…
Read More » -
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…
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…
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…
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…
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…
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…
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…
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…
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…
Read More » -
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…
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…
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…
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…
Read More »