McGrath shares slump on soft property market, agent defections

By Brian Robins
Updated January 23 2017 - 7:18pm, first published 6:28pm
John McGrath stepped down as chief executive last August.  Photo: Edwina Pickles
John McGrath stepped down as chief executive last August. Photo: Edwina Pickles
As many as 36 McGrath agents have left the company in recent months.  Photo: Erin Jonasson
As many as 36 McGrath agents have left the company in recent months. Photo: Erin Jonasson

Shares in high-profile real estate agency McGrath dived Monday after it signalled weak revenues, which has provided further confirmation that the tide is going out parts of the residential property boom.

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