McGrath Estate Agents today announced its expansion across the Ryde local market in Sydney’s north-west.

McGrath’s Head of Franchise Christopher Mourd welcomed high-profile co-principals Robert Bagala and George Agostino and their team of 32 agents and staff.

Mr Mourd said Robert Bagala and George Agostino have been dominant forces in this market for many years. “It’s their in-depth property knowledge, energetic drive, community ties and overall professionalism that will ensure our Ryde business will go from strength to strength,” said Mr Mourd. “They’re bringing a team with them that is highly regarded in the area and totally committed to achieving the best outcomes for their clients.”

Mr Bagala’s experience in the local market spans 15 years and will add great value to McGrath Ryde which has been operating since 2015. Mr Bagala and Mr Agostino lead a team of professionals with a powerful presence in the community.

Mr Bagala explains: “Between us, we have transacted sales in all the Ryde precincts and many of the surrounding suburbs. We’ve continually focused on delivering outstanding results for our clients. Today we exchanged on a stunning family home after just 18 days on the market,” he reported. “A local family paid $3,244,000 for the home on Weaver Street, Ryde.”

A compound growth rate of 29.3 per cent on house values in Ryde over the past five years, with a current median of $2.35 million,* puts Ryde well above Sydney’s median house price of $1.552 million.**

Mr Bagala has observed the Ryde market is becoming more affluent with corporate professionals and young families gravitating to what is commonly regarded as the centre of Sydney. “Buyers appreciate what Ryde has to offer in terms of infrastructure, transport, schools and retail options and are willing to pay for the convenience.,” he said.

“One of the buying patterns we’ve observed over the last decade is that the district draws interest from all over Sydney. Those buyers compete with long-standing locals who upsize, downsize and move from street to street embracing the sense of community that is increasingly gaining attention throughout Sydney, said Mr Bagala

“Ryde’s diversity of housing caters to buyers across the demographic spectrum. Ryde is well known for having a broad range of property types. From waterfronts, to medium- and high-density housing and boutique developments such as Putney Hill. This diversity attracts an equally broad range of buyer types from investors to first-home owners, young families to older established and extended families.

“Ryde however hasn’t escaped the recent slowdown in the market. My team and I have noticed a significant softening of enquiry and attendance rate at inspections over the last four to six weeks.

“The ratio of serious buyers to uncommitted onlookers ‘though has never been stronger meaning we are engaging with more motivated purchasers than ever before.

“Those who are attending property inspections are ready to pounce. They’ve identified this market as one that is presenting more opportunities for properties at sales prices that reflect better value for money.”

Mr Bagala believes his team shares the same values embedded within the McGrath culture.

“We see a crystal-clear alignment with our philosophy of premium personalised service and vision for growth,” he said. “We’ll continue servicing our community of long-standing relationships supported by McGrath’s industry-leading marketing, innovative technology and extensive client database with global reach.”