McGrath West, Northwest, Hills & Hawkesbury has merged with the Sciberras Group.
The Announcement:
McGrath West, Northwest, Hills & Hawkesbury announces a key merger with leading Northwest Sydney agency, the Sciberras Group which is led by award winning agent Corie Sciberras, founder and director of the Kellyville-based agency.
McGrath Estate Agents CEO John McGrath says, “I’m delighted to have Corie join our team. He is without a doubt one of the top agents in the country and will only further bolster the strength of our existing team. I believe Corrie is poised to take his sales business to an even higher level at McGrath.”
Kon Stathopoulos, Group Principal of McGrath West, Northwest, Hills & Hawkesbury is tremendously excited about the merger. “A McGrath presence in Kellyville will further bolster our market share, giving us dominance in the area,” he says.
“The Northwest and Hills corridor is one of the fastest growing housing markets in Sydney,” Mr Stathopoulos notes. “I’ve known Corie for eight years and have watched his development in the industry.”
Mr Sciberras has taken partnership with McGrath Northwest as well as McGrath Castle Hill.
Mr Sciberras has built an excellent reputation over the past decade focusing on the Kellyville area.
He holds the 2023 award for REINSW Residential Salesperson of the Year and has been awarded Top Agent for Kellyville every year since 2016 through Rate My Agent.
His acumen in directing a business resulted in his agency being voted Agency of the Year in Kellyville for 2023.
“I was so impressed with how John McGrath built up his business and as a result, I modelled my own on McGrath Estate Agents,” says Mr Sciberras.
“I look to John as a mentor and I’ve known Kon for years,” he continues. “To be honest, I wouldn’t go anywhere else.”
Mr Sciberras says the merge will engender further growth, enhanced corporate structure and more access to technology for his team. “It’s a positive move and it will allow me to grow my sales business substantially,” he adds.
The union will benefit the growth of McGrath across this region of Sydney. Mr Sciberras and his team are bringing in excess of $250 million in gross sales a year to McGrath Northwest and 175 additional sales each year.
His entire team of 15, including Senior Sales Executive Daniel Sarzano, has moved with Sciberras while retaining the now rebranded office at 46 Windsor Road, Kellyville.
Local Market Commentary:
Mr Sciberras recognises the growth potential of Kellyville and the Hills District.
“I’ve always seen The Hills as a huge growth area where people can upgrade their homes and move onto the next stage of their lives,” he says.
“We’re spoilt for amenities in The Hills. It’s such a community-based area and people enjoy being a part of it.”
Kellyville has performed positively over the past 12 months with an increase of 6.9 per cent in median price to reach $1.8 million. Nearby Kellyville North has also seen positive price growth up 7 per cent to $1.71 million.
“Despite the rapid interest rate rises, we have seen The Hills continue to outperform market predictions with record prices still being achieved via the auction process,” says Mr Sciberras.
“We can attribute this to the immense growth in population. Buyers are attracted to the continued improvement of infrastructure, quality shopping, schooling and the ability to work from home in this beautiful part of Sydney”.
“We’re seeing a shift back to owner-occupiers in this market,” he continues.
“Investors account for approximately 20 per cent of buyers today whereas they took more than 50 per cent of stock a year ago.”
With a days-on-market rate of 28 across 100 sales a year, Mr Sciberras has set and reset the Kellyville and North Kellyville records many times over the years.
A recent sale in Castle Hill for $3.35 million, well above the suburb median of $2.22 million, exemplifies Mr Sciberras’ commitment to achieving the best result for his clients.
This brings McGrath West Group to six offices strategically positioned in all the growth corridors of the West, Northwest, Hills and Hawkesbury markets.
The group is poised to transact close to $2 billion in sales volume and approximately 1600 sales this financial year. Property management now has more than 2000 properties under management.
Mr Stathopoulos looks forward to supporting Mr Sciberras his Kellyville-based team to achieving even greater results. “Our cultures fit perfectly together,” he says.
Source: McGrath
