Upmarket Sydney estate agency joins McGrath

Klaric Partners, the upmarket Sydney northern beaches estate agency, has joined the McGrath Estate Agents network.

The Klaric agency was established in 1997 by Robert and Leonie Klaric.

“Both Leonie and I are extremely proud of all our achievements since establishing the business and are very excited about the future now with McGrath,” Robert Klaric says.

“The opportunity to merge with McGrath now presented to us an outstanding opportunity to expand our reach and professional services beyond Klaric Partners.”

There will be sales offices at Seaforth and Balgowlah, and Klaric’s property management will be conducted from the McGrath Manly office.

McGrath Estate Agents’ most recent office expansion was the opening of a new office in Newcastle, with principals Alex Myers, Sean Redpath and Andrew Robinson heading the new McGrath office located at The Junction.

The company clocked $5.7 billion in residential sales for the 12 months ending June 30, 2011 from 5,993 properties. This compared with the corresponding $5 billion from 5,095 properties in the previous financial year and $3.25 billion from 3,485 properties in the 2008/2009 financial year.

In the last financial year the group opened four new offices.

Its office network performances included McGrath Wollongong, which sold $77 million from 141 sales, compared with $21 million in financial year 2010.

McGrath Castle Hill sold $155.6 million from 169 sales, compared with $96 million in 2010. McGrath Sylvania sold $97 million from 105 sales, compared with $69 million in 2010. McGrath Hunters Hill sold $361 million from 285 sales, compared with $287 million in 2010. McGrath Parramatta sold $112 million from 192 sales, compared with $92 million in 2010. McGrath Cronulla sold $197 million from 241 sales, compared with $171 million in 2010. McGrath Inner West sold $589.5 million from 573 sales, compared with $568.5 million in 2010.