Leading residential real estate group, McGrath Estate Agents has opened its new office in Albury, a move that reflects the company’s intent to expand further into new key regional areas in NSW and Victoria.

This follows on from the new office in Ballarat, its second office in regional Victoria last year. 

Founder and Executive Director John McGrath said that the Albury/Wodonga region has excellent growth potential particularly as more people make lifestyle property decisions post COVID as the option to work remotely and possibly commute is being more widely accepted. 

At a Glance:

• Albury/Wodonga's population is forecast to grow by 35 per cent by 2036
• Albury airport, North East Victoria is a beneficiary of a fly-in, fly-out lifestyle
• As the 19th largest city in Australia, Albury/Wodonga is home to a number of major companies

“We have always seen regional areas as important and have highlighted their significance in our McGrath Reports over the past few years," said Mr McGrath.

"Population growth, local economies, improved amenities and affordable housing will continue to positively impact these areas.” 

Albury/Wodonga was highlighted in the McGrath Report 2020, with the population forecast to grow by 35 per cent to 124,472 by 2036 according to the Australian Bureau of Statistics.

With the busy Albury airport, North East Victoria is a beneficiary of a fly-in, fly-out lifestyle of the modern commuter, with access to lakes, national parks and ski fields. 

Christopher Mourd, Head of Franchise Network for McGrath Estate Agents said they see this is a great opportunity.

"We see an exceptional opportunity to service our clients who have expressed interest in buying property outside metropolitan precincts," said Mr Mourd. 

“This region as it sits on the borders of NSW and Victoria, is well-placed to withstand the impacts of the Coronavirus pandemic with busy manufacturing, commercial and business centres that provide a healthy employment sector for the area”. 

The Albury/Wodonga Property Market

As the 19th largest city in Australia, Albury/Wodonga is home to such companies that include Asahi Beverages (part of Schweppes Group), the ATO with a workforce of over 1,000; Geofabrics Australasia, Visy, Finemore Transport, and a $90 million 60,000 sqm Woolworths Distribution Centre, among others. 

Importantly the region also is the beneficiary of excellent health and medical facilities for a wide resident demographic and good education that includes an award-winning TAFE.

Additionally a thriving regional campus of La Trobe University has more than 1,100 students enrolled in undergraduate and post graduate courses. 

McGrath Albury/Wodonga will service a wide area of from Table Top in the north, to Mount Beauty in the south, from Indigo Valley in the West to Tallangatta in the East.

Key suburbs will include the Albury region, Wodonga, Thrugoona and Table Top. 

McGrath Albury/Wodonga will be led by Principals Gabrielle Douglas and Philip Bell who have extensive experience in real estate sales and property management both in metropolitan markets, as well as operating their own agency for 13 years in Albury, Zelle Real Estate.

Most importantly Gabrielle has worked previously with McGrath in Sydney’s south for over four years, before returning to Albury in 2004. 

Their sales team which includes agent Sue Moss, has collectively 100 years experiences in real estate. 

“I’ve always dreamed of bringing the McGrath brand to Albury," said Ms Douglas.

"It is a company that I know well. Philip and I believe our clients and staff will benefit immensely from the advanced technology, training and systems that will now be available to us.

"We are committed to professionalism, ethical standards and superior customer services that is also aligned to the McGrath brand, and the ability to showcase our properties to a wider audience is very exciting for us all.”

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