You are here

Australia's No 3 estate agent gives earnings downgrade

McGrath expects pre-tax earnings of A$26-27 million for the year to June 30, down a sixth from Nov forecast


AUSTRALIA'S No 3 residential real estate agent McGrath Ltd blamed fewer than expected home listings for a profit downgrade on Monday, sending its shares tumbling and sparking concerns about growth in the country's red hot property market.

Although McGrath has just 3.2 per

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom