McGrath Opens Second Office In Melbourne

Market Insights
8 years ago
1 minutes

McGrath Real Estate today opened up its second office in Melbourne, following the launch of its debut St Kilda office in December 2015.

McGrath, a renowned real estate kingpin, who has featured on shows such as The Block and The Shark Tank, recently floated his company, McGrath Real Estate (McGrath Ltd) on to the Australian Stock Exchange (ASX).

The new office, located in Mt Waverley, was chosen due to its high-demand market and the location's ability to cater neighbouring suburbs such as Ashwood, Chadstone, Glen Waverley and Wheelers Hill.

“Expanding our focus to Melbourne is a natural progression for us as we believe that it is arguably one of the best real estate markets in the world, an urbane international city that sits alongside London and New York,” said John McGrath.

“In terms of size it is second only to Sydney, and we believe it presents a wonderful opportunity for our company to bring a very high level of customer service and a broader marketing reach to an already very savvy consumer.

Hosting a team of eight sales agents, and four property management specialists, it will be run and headed by former Jellis Craig agents Con Lazogas and Hugh Trieu.

McGrath Real Estate now operates 79 offices across NSW, Victoria, ACT and Queensland, and was responsible for over $12bn in property sales through the 2014-2015 financial year.

“Melbourne is one of the most exciting and dynamic property markets in Australia, and an important next step in our expansion. We have taken our time in selecting franchise partners that share our core values for excellence as well as the desire to grow their own businesses and market share.”

This is believed to be only the second of a possible six McGrath Estate Agents offices to open up in Melbourne.