McGrath Estate Agents opens first office in Canberra
– Leading residential real estate group, McGrath Estate Agents, today announced the opening of its first office in Canberra as part of its ongoing premium franchise roll-out throughout Australia. Under the leadership of Principal and respected local businessman, Craig Chapman, McGrath Belconnen/Gungahlin will be the first of three regional offices for the ACT.
John McGrath, Chief Executive of McGrath, said Canberra was one of the most important and influential real estate markets in Australia with the second highest capital city median house price at $535,000. (Source - RP Data November 2009)
“We are undertaking a strategic and orderly program of franchising with the ACT a logical choice for our interstate expansion,” Mr. McGrath said.
“Our overall strategy is to move into areas that have a geographical synergy with Sydney where we can add maximum value. There is a strong flow of buyers between Sydney and the ACT and our existing operations will enable highly effective cross-promotion of ACT homes.”
“Canberra is in a unique and positive position,” Mr Chapman said. “Tight supply fuels strong demand and Gungahlin is a relatively new region with all housing types from $1.5M grand scale homes on the waterfront or golf course estates to a thriving apartment market with entry opportunities from $260,000.
“It’s one of the fastest growing areas in the country and is currently home to over 35,000 people. When fully established, the Gungahlin region will account for 100,000 residents. “We’re seeing heavy investment from the government and major developers such as Delfin LendLease and Macquarie in Gungahlin, so much so that the emerging land supply in our region represents 65% of the ACT’s total land supply program over the next five years. Gungahlin offers fantastic infrastructure with three shopping centres and a great café, restaurant and retail strip. We also have
some of the best schools, parks, two golf courses and easy access to Government facilities. It’s Canberra’s new region of choice for home buyers.”
Mr. McGrath said he was immensely proud to see his company expanding into Canberra.
McGrath Belconnen/Gungahlin will service the north Canberra region including key suburbs such as Dunlop, Gungahlin, Nicholls, Kaleen and Belconnen.
Its state of the art premises is located at Level 1, The G, 46-50 Hibberson St, Gungahlin (above the Post Office). Call 02 6123 8000.