Number of rental properties under management by McGrath increases

Number of rental properties under management by McGrath increases
Number of rental properties under management by McGrath increases

The number of rental properties under management at McGrath's company-owned offices has increased to 7,498 as of 31 December 2016.

It franchise office have a further 23,102 properties under management. 

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Number of rental properties under management by McGrath increases

 

 

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Number of rental properties under management by McGrath increases

As of 1H 2016 the company owned offices secured $9,218,000 worth of property management revenue, which increased in 1H 2017 to $10,042,000.

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Number of rental properties under management by McGrath increases

Click to enlarge

Number of rental properties under management by McGrath increases

Click to enlarge

Number of rental properties under management by McGrath increases

As at 31 December 2016 the network comprised 28 Company owned offices and 68 Franchise offices with 648 agents operating within those offices.

The spread of offices is across the Eastern seaboard with a high concentration in New South Wales.

The Company entered the Victorian market in the prior year, a stated objective and strategic move to bolster the national market share. The total number of offices in Victoria currently stands at 8, and the contribution was $0.5bn in sales value for the 6 months to 31 December 2016.

Total agents has increased marginally over the period to 648.

Agents in the Franchise offices increased 7% to 405 however agents in the company owned offices decreased 8% to 243.

Tags: 
Property Management Mcgrath

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