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McGrath Estate Agents has announced the opening of its new office in Gloucester, NSW, extending its rural presence to unlock key markets.
The new McGrath office, a rebrand of Hannaford Stock & Land Australia, will be led by principal Jonny Tighe, partner Milly Tighe, alongside local agent Peter Markey, bringing more than 33 years of experience selling in Gloucester farmland.
Jonny said that he and his wife, Milly, have had a connection to the region for more than 20 years, as she was born and raised in Gloucester, which helped the couple to move back into the area.
The couple have now decided to relocate from the Southern Highlands to the area with the hopes that the move will enable new opportunities.
Jonny noted there were “strong parallels” between the Southern Highlands and Gloucester regions as both attract “a mix of lifestyle, rural, and residential buyers and sellers”.
He said the move presented “a unique opportunity to bring new energy, a client-first approach, and proven results to this community”.
“The area hasn’t seen a fresh agency offering in some time, creating strong potential for growth and market impact.”
Additionally, he said that his team will bring a unique approach to the market to deliver exceptional services in the area.
“We are proud to be the only team in the area led by a selling principal who lives locally. We are confident that with our commitment to deliver high-quality service levels, accountability and results will set a new benchmark for the region,” he said.
The network said the new office is positioned at the foothills of the Barrington Tops – just a few hours’ drive away from Newcastle and Port Macquarie, and three hours from Sydney.
“The office will focus on the area from Nowendoc Mountain in the north to Stroud in the south to Krambach in the east to the edge of Barrington Tops in the west,” McGrath said.
“Key suburbs will include Gloucester, Barrington, Stroud and the Farming district.”
Residential properties in town range from $500,000 to $1.2 million, with rural land generally selling from $2,000 to $30,000 per acre.
Jonny added Gloucester appeals to a range of people, including retirees, lifestyle seekers, rural buyers, and investors, who are “drawn to its natural beauty, community feel, and affordability”.
“The area’s reliable rainfall, fertile soils, and abundant water make it ideal for cattle and dairy farming, supported by strong local infrastructure including saleyards and proximity to an abattoir,” he said.
“With around 33 per cent of dwellings held by investors, the high-yielding rental market benefits from limited stock and consistent demand.”
In addition, the mild climate, sporting facilities, growing tourism, and strategic location increase Gloucester’s appeal, with its liveability in focus as regional migration increases.
The agency’s head of franchise network, Chris Mourd, said the region was “quite unique” in the NSW landscape, featuring “exquisite river front properties with expansive mountain views”.
“We see Gloucester as an important gateway to the New England, Manning Valley and Upper Hunter region while also benefitting from its close proximity to Newcastle and the Central Coast where McGrath holds a significant footprint,” he concluded.
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