McGrath expands to Thirroul
The McGrath Estate Agents group has opened a new office in Thirroul, expanding its recently opened nearby Wollongong office.
Since it opened in September 2009, McGrath Wollongong’s sales totalled $77 million in the most recent financial year, up 266% on the $21 million in its first 10 months during the 2009-10 year.
McGrath chief executive John McGrath says the Illawarra region has long been part of its strategy for the roll-out of offices, given the proximity to Sydney and lifestyle opportunities that exist in the beachside locations and escarpment areas.
“Our expectations for Thirroul are even greater, as we see quite modest homes and holiday shacks being developed, updated and renovated to an extremely high standard,” McGrath says.
“That investment is being converted to solid capital gain with at least three properties this year marketed by our Wollongong office selling for well in excess of $1 million.”
The Thirroul office will be headed by Trever Molenaar and Jordan Andonovski, also franchisees of the Wollongong office.
Molenaar’s sales include a Redman Avenue, Thirroul property (pictured above) for $1.26 million in July last year.
The sales team also includes Amanda Moore, who last month sold a Trinity Row, Bulli house (pictured above) for $1.13 million. Moore also notched up the non-beachfront Bulli record of an Alroy Street property for $1.38 million.
“We are all part of this community and have watched as the population has changed,” Molenaar says.
“Around 20,000 people commute daily to Sydney, taking advantage of the express train from Thirroul.
“As a destination for a weekender, there is very little to compare with this area in terms of its natural beauty and short travel distance.”
Median house prices in the top northern suburbs which will be serviced by McGrath Thirroul are Woonona, Bulli and Wombarra at, $830,000; Stanwell Park at $815,000; Coledale at $785,000 and Austinmer at $720,000.