Search Results for: Geoff Lucas
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Real Estate 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.
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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.
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Real Estate 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…
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Thought Leaders Podcast
Fearless and focussed leadership: Geoff Lucas
As the newly-appointed head of The Agency, Geoff Lucas brings a proven track record of business growth and an eye for opportunity to his role as CEO.
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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.
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Real Estate 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.
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Real Estate 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.
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Real Estate 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.
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Real Estate News
The Agency announces appointment of Geoff Lucas as Group CEO
The Agency has just announced the appointment of Geoff Lucas as Group CEO, with the highly experienced industry executive set to start the new role March 29.
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Real Estate News
McGrath appoint new CEO after Geoff Lucas resigns
Geoff Lucas has stepped down from the role of Chief Executive Officer at McGrath Limited. Mr Lucas’ resignation was announced on the same day the company released their FY2020 financial results. “The Board had accepted Mr Lucas’ resignation and paid tribute to his service to the company during what has been a difficult two and a half years for the…
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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…
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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…
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OPINION
McGrath CEO Geoff Lucas gives some insights of working from home as he leads a team of 1,800
While the ongoing COVID-19 pandemic impacts all of us greatly, and for many working remotely is a great challenge, my co-workers at McGrath were well prepared. We had already trialled our teams working from home to ensure our tools and systems were in place, so we were fortunate to be ahead of the curve in that respect. Real estate is…
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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Real Estate News
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…
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Real Estate 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.
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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Real Estate 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…
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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…
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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…
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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…
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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…
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Real Estate 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,…
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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…
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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…
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