McGrath’s rapid expansion continues with new office

ASX-listed real estate group McGrath has opened its 18th Queensland office, which will be staffed by eight agents.

McGrath Estate Agents, a division of McGrath Limited, opened a new office on the Sunshine Coast in the seaside suburb of Caloundra. It is the company’s 15th office in South East Queensland and 18th in Queensland.

Caloundra, 90km north of Brisbane’s CBD, is at the gateway to the Sunshine Coast and renowned for its beautiful beaches, lush hinterland and affordable living.

McGrath chief executive John McGrath said Caloundra is one of South East Queensland’s emerging lifestyle destinations that was until recently overshadowed by neighbouring Noosa Heads and Mooloolaba.

“Caloundra is gaining in popularity with sea-changers who are recognising the great value and buying opportunities available in this beachside community,” Mr McGrath said.

“With major investment in infrastructure for the surrounding region, I expect the entire Coast will experience further growth and Caloundra will no doubt be a beneficiary of that,” he said.

McGrath Caloundra will service the local area from Parrearra in the north to Bribie Island in the south. It will service the key suburbs of Caloundra, Pelican Waters, Little Mountain, Currimundi and Meridan Plains.

The new office will be led by respected husband and wife team, Jodie and David Hedley-Ward.

“Jodie and David bring a depth of local knowledge and experience. Jodie was a Residential Salesperson of the Year finalist at the REIQ Awards for Excellence in both 2014 and 2015, while David has extensive local and international real estate experience having worked throughout Australia, New Zealand and the UK,” McGrath Estate Agents said in a statement.

Eight sales agents will join the team at McGrath Caloundra including Carol Carr, Bree Charles, Linda Weaver, Danyell Sparksman, Nef Pearce, Fran Fuller and Dana Paxton.

McGrath noted that strong infrastructure investment in Caloundra and its surrounds is one of the key contributors driving demand and confidence in the area – highlighting major new development projects including the Sunshine Coast University Hospital precinct, the Maroochydore Principal Activity Centre, the proposed expansion of the Sunshine Coast airport and the $5 billion Aura community development in Caloundra South.

McGrath expects Aura will deliver more than 20,000 new homes over the next 30 years with an estimated population of 50,000 on completion.

“Its developer Stockland estimates that 1,700 jobs will be created in the first year and 18,500 over the next 10 years, and has committed to $1.3 billion in local infrastructure over the life of the project,” the group said.

[Related: McGrath opens new office in booming suburb]

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