McGrath shows confidence in coastal markets | McGrath

McGrath shows confidence in coastal markets

Terri Sissian
Terri Sissian
19/12/2019 | 6 MIN READ

Leading residential real estate group,  McGrath Estate Agents today announced the opening of two new franchise offices in Mollymook and Ulladulla, led by the area’s leading sales agent Andrea Tucker.



McGrath has affirmed its position of expanding along the eastern seaboard markets in NSW having assigned two new franchise offices in Mollymook and Ulladulla partnering with previous independents Andrea Tucker and Rodney Tucker.



Christoper Mourd, Head of Franchise at McGrath Estate Agents said “We are excited to further cement our position on the South Coast of NSW.  Mollymook and Ulladulla both have deep connections to our core markets of Canberra and Sydney. It has long been considered a favoured region for holiday makers and sea changers, even more so since the opening of Bannisters Pavillion.”



McGrath Mollymook and Ulladulla will service the area from Lake Canjola in the North, Yadboro in the West to Dolphin Point in the East down to Bawley Point in the South.



Commenting on the move from running an independent real estate group to partnering with McGrath, Andrea Tucker said:  “After 7 years of running a successful brand, I wanted to expand my business and cast a wider net. I have always been committed to delivering the highest quality service to our values clients. As part of that commitment, I decided to partner with what we consider Australia’s leading residential agency.  McGrath is a company that is synonymous with unparalleled professionalism and success across the real estate landscape. This partnership is a natural progression for our business and will allow us to provide our customers with exceptional service and care.”  



Local Market Commentary:  Mrs Tucker said “It has been a remarkable year with peaks and troughs starting off the back of a booming market followed by a lull around the end of the financial year coupled with the federal elections. As interest rates have remained low, we are now experiencing both activity and growth back into the market. The local area is fortunate in that it attracts buyers from all along the Eastern Seaboard and Canberra. We are seeing a heightened number of young professionals relocating to the area and working remotely and a spike in retirees coming to the area, selling their inner city homes and buying a home similar in size by the ocean.”



In the last 18 months the team at Mollymook and Ulladulla have achieved strong results selling 62A Clyde Street, Mollymook for $1,120,000 at auction, 3A Cornfield Parade, Fishermans Paradise for $1,230,000 selling $280,000 over the reserve price at auction and 22 Tallwood Avenue, Mollymook for $1,120,000 which is high above the area’s median selling price of $610,280 as quoted by RPData.



Andrea also holds many street records throughout the area including 62A Clyde Street, Mollymook for $1,120,000, 35 Bushland Avenue, Mollymook for $1,173,000, 5 Latta Street, Mollymook for $1,225,000 and 16 Beach Road, Mollymook for $1,875,000



Mollymook has a strong holiday rental market, with both long and short term rentals available. McGrath Mollymook and Ulladulla offer residental sales, residential leasing, long and short term holiday rentals.



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