McGrath open 91st office at Blacktown
McGrath today announced the opening of a new company-owned office in Blacktown in Sydney’s west.
John McGrath, founder and joint chief executive of McGrath said Blacktown has all the hallmarks of continued growth with strong infrastructure development and good transport links.
“Improved transport connections via the M2 and M7 unlocked Blacktown and its surrounds to a wider range of buyers and provided growth stimulus for property prices. The area however remains very affordable for both families and first home buyers,” said Mr McGrath.
It is the company’s 91st office.
The new McGrath Blacktown office will be led by Katina Giannos having worked at the company’s Parramatta and Concord offices for the past nine years.
The Blacktown Local Environmental Plan 2015, which focuses on development hubs in Blacktown, Seven Hills, Rooty Hill and Mt Druitt, aims to revitalise the local area by bringing more employment opportunities and improved connections to transport, according to the NSW Government.
Blacktown has experienced robust price growth with houses growing in value by 61 percent over the past three years to $660,000 and apartments by 42 percent to $456,000. The suburb offers strong rental yields of 5 percent for apartments and 3 percent for houses, according to CoreLogic.
