The real estate group founded by John McGrath has flagged an end to the housing slump and forecast a swing back to earnings growth.
Chinese residential property developer Aqualand has boosted its strategic investment in the listed real estate adviser McGrath.
The ongoing slump in home listings around Australia has crunched revenues at listed real estate agency McGrath,with no immediate signs of a recovery.
McGrath says it expects a full year core earnings loss of $6 million to $6.5 million due to continual headwinds across the nation's housing market.
Shares in the listed real estate agency McGrath Ltd are expected to come under pressure this week after the group issued another earnings downgrade.
Listed real estate agency McGrath has flagged ongoing tough property market conditions in the short term,hampered by the upcoming NSW and federal elections.
Listed real estate agencies McGrath and The Agency have felt the cooling winds of the flat housing market.
Listed real estate agency McGrath,has had its earnings forecasts slashed by brokers Bell Potter
Weak auction clearance rates helped drag the listed real estate agency to a $1.9 million loss for the September quarter.
How many plastic bags would you need to carry the $7.75 million worth of remuneration handed to Woolies boss Brad Banducci?
Listed real estate agency McGrath has reported a loss of $63 million for the 2018 year.