McGrath Estate Agents

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]

McGrath Estate Agents
TypePublic[1]
ASX: MEA[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
100[3][4] (2019)
Area served
New South Wales, Queensland, Victoria and Australian Capital Territory[3][4]
Key people
Peter Lewis, Chair
Edward Law, CEO[5]
Revenue A$82,699,000 (2019)[4]
Websitehttps://www.mcgrath.com.au

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 2019, McGrath had 100 offices with 66 in New South Wales, 19 in Queensland, 12 in Victoria and three in the Australian Capital Territory.[3][4] In 2019, about seven in every 10 offices were franchised and three in every 10 were company owned.[4][6]

See also

References
  1. "ASX MEA MCGRATH LIMITED". Australian Securities Exchange. Retrieved 14 November 2019.
  2. "ASX MEA MCGRATH LIMITED". Australian Securities Exchange. Retrieved 14 November 2019.
  3. "Our Story". McGrath. Retrieved 14 November 2019.
  4. "McGrath 2019 Annual Year Report". McGrath. Retrieved 14 November 2019.
  5. "McGrath appoint new CEO after Geoff Lucas resigns". Elite Agent. Retrieved 24 August 2020.
  6. Cummins, Carolyn (28 November 2019). "McGrath flags return to growth as housing sentiment lifts". The Sydney Morning Herald. Retrieved 15 December 2019.
  7. Cummins, Carolyn (29 October 2019). "Aqualand boosts stake in real estate group McGrath". The Sydney Morning Herald. Retrieved 15 December 2019.
  8. Tan, Su-Lin (29 October 2019). "Aqualand raises stake in McGrath, tests takeover threshold". Australian Financial Review. Retrieved 15 December 2019.
  9. 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.
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