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McGrath Estate Agents

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McGrath Estate Agents
Company typePublic[1]
ASXMEA[1] Listed 7 December 2015[2]
IndustryReal estate[2]
Founded1988 in Paddington,[3] New South Wales, Australia
FounderJohn McGrath[3]
HeadquartersPyrmont, New South Wales, Australia[2]
Number of locations
108[3][4] (2022)
Area served
New South Wales, Queensland, Victoria,Australian Capital Territory and Tasmania[3][4]
Key people
Peter Lewis, Chair
John McGrath, CEO and MD[5]
RevenueA$122,400,000 (2020)[4]
Websitewww.mcgrath.com.au

McGrath Estate Agents is an Australian residential real estate provider.[6][7][8][9] Services include residential property sales, property management, mortgage broking, auctions and real estate training.[4] McGrath Limited is a public company listed on the Australian Securities Exchange (ASX).[1][6][7][9][8]

History

McGrath was founded in 1988 by John McGrath.[3][7][10] In the mid-1980s John McGrath started his career at Goodhope Realty in Paddington, which became McGrath Goodhope in 1988.[3][11] On 7 December 2015 McGrath became a public company and was listed on the ASX.[1][2] In 2022, McGrath had 108 offices with 73 in New South Wales, 18 in Queensland, 15 in Victoria, 1 in the Australian Capital Territory.[3][4] and 1 in Tasmania. Approximately [3][4] seven in every 10 offices were franchised and three in every 10 were company owned.[4][6]

See also

References

  1. ^ a b c d "ASX MEA MCGRATH LIMITED". Australian Securities Exchange. Retrieved 14 November 2019.
  2. ^ a b c d "ASX MEA MCGRATH LIMITED". Australian Securities Exchange. Retrieved 14 November 2019.
  3. ^ a b c d e f g "Our Story". McGrath. Retrieved 14 November 2019.
  4. ^ a b c d e f "McGrath 2020 Annual Year Report". McGrath. Retrieved 8 April 2022.
  5. ^ "McGrath appoint new CEO after Geoff Lucas resigns". McGrath REA. Retrieved 8 April 2022.
  6. ^ a b c Cummins, Carolyn (28 November 2019). "McGrath flags return to growth as housing sentiment lifts". The Sydney Morning Herald. Retrieved 15 December 2019.
  7. ^ a b c Cummins, Carolyn (29 October 2019). "Aqualand boosts stake in real estate group McGrath". The Sydney Morning Herald. Retrieved 15 December 2019.
  8. ^ a b Tan, Su-Lin (29 October 2019). "Aqualand raises stake in McGrath, tests takeover threshold". Australian Financial Review. Retrieved 15 December 2019.
  9. ^ a b Johanson, Simon (26 August 2019). "McGrath posts $15.6m loss as real estate listings dry up". Brisbane Times. Retrieved 15 December 2019.
  10. ^ Collett, John (27 October 2019). "Property upgraders to feel the pain of bigger stamp duty payments". The Sydney Morning Herald. Retrieved 15 December 2019.
  11. ^ "Estate agent John McGrath considers ASX float". PropertyObserver. Retrieved 20 November 2019.