{"id":11041,"date":"2018-01-18T11:21:50","date_gmt":"2018-01-17T22:21:50","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=11041"},"modified":"2018-01-18T11:21:50","modified_gmt":"2018-01-17T22:21:50","slug":"john-mcgrath-wont-comment-quiting-rea-board","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/john-mcgrath-wont-comment-quiting-rea-board\/","title":{"rendered":"Why John McGrath won&#8217;t comment after quiting the REA board?"},"content":{"rendered":"<p><strong>PHOTO: John McGrath &#8211; McGrath Group.<\/strong><\/p>\n<p>Amid industry speculation that Mr McGrath has resigned for personal reasons as he reduces many of his industry responsibilities, REB was told by his office that he is not available for comment.<\/p>\n<p>REB also contacted REA Group for comment.<\/p>\n<p>Mr McGrath was appointed to the REA Group board in September 1999. He founded McGrath Estate Agents in 1988.<\/p>\n<p>McGrath Estate Agents has been active after a run of below-expectation performances.<\/p>\n<p>Late last year,\u00a0the company announced plans to remove approximately $5 million of annualised costs from the business at a one\u2010time restructuring cost of $1.4 million to $1.6 million. It said that most of these savings will be achieved by restructuring the board and executive leadership team.<\/p>\n<p>It has also been busy\u00a0in deepening its sales footprint around the country.<\/p>\n<p>In December, McGrath recruited Potts Point and Elizabeth Bay specialist Nick Harrington to join its sales team at McGrath Edgecliff.<\/p>\n<p>And just this week, it opened its Coburg\/Brunswick office in Melbourne\u2019s trendy inner north.<\/p>\n<p>Mr McGrath reiterated then that Melbourne continues to be an important market for the company.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.realestatebusiness.com.au\/breaking-news\/16819-speculation-rife-as-john-mcgrath-quits-the-rea-board\">REB<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: John McGrath &#8211; McGrath Group. Amid industry speculation that<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/john-mcgrath-wont-comment-quiting-rea-board\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":11042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478098535,478098595,478098513,478098579,478098510,478098514,478098912,478098511,478098705,478098533,478098737],"class_list":["entry","author-data123nz","post-11041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-mcgrath","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-rea","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-realestate-com-au"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why John McGrath won&#039;t comment after quiting the REA board? - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/john-mcgrath-wont-comment-quiting-rea-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why John McGrath won&#039;t comment after quiting the REA board? - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: John McGrath &#8211; McGrath Group. 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