Jonathan Chancellor | 25 February 2013

McGrath Estate Agents opens another Brisbane office

McGrath Estate Agents has opened its fourth office in nine months, this time in the riverside suburb of Bulimba.

It's the second company-owned office in Brisbane is its seventh in Queensland.

The Edgecliff, Sydney-based agency opened its first Brisbane office in Paddington last May and soon after added two new offices to service Ascot and Wynnum/Manly.

The latest is deemed "a key part of the company’s Brisbane rollout, with South Brisbane to come," its chief executive John McGrath said.

The company also has two offices on the Gold Coast and one in Toowoomba.

"The Brisbane property market has been knocked around a bit in recent years, in part by the floods, but also by factors that have impacted most of the nation’s property markets," Mr McGrath said.

"But the fact remains that more than a quarter of Australia’s population growth over the next 25 years is expected to occur between Noosa and Coolangatta, and it is likely that Brisbane will continue as the second fastest growing Australian capital city.

"Population and employment remain the most important drivers of property values and Brisbane is well placed in those areas for many years ahead.

"Its sophisticated lifestyle and warm climate make it appealing for families and retirees alike," McGrath said.

According to the REIQ, Bulimba is one of only three Brisbane suburbs, along with New Farm and Pullenvale, with a median house price of over $1 million.

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