The gavel falls on John McGrath's real estate licence

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The gavel falls on John McGrath's real estate licence. Today's CBD column:

, as former chairman of the eponymous property outfit, has caused considerable pain to long-suffering investors. But at least he’s good with the gavel?

Err, not quite. The McGrath Estate Agents founder — best known for flogging some of the country’s most expensive houses — rolled up unannounced at an auction over the weekend, taking control of proceedings and delivering a bonanza for the happy sellers. Except, as it happens, he was no longer fit to conduct such an auction. Or perform the duties of a real estate agent. And don’t take our word for it — that’s according to the Office of Fair Trading, which shows his license to perform either job lapsed last Monday., whose three-bedroom Stanmore home sold on Saturday for $1.

On Monday, after CBD made inquiries, he sent off the paperwork to retrieve his license. Fair Trading told this column McGrath would be “provided … with education” and it will “monitor the progress of Mr McGrath’s application” .revealed that in 2018 he had racked up one of the largest gambling debts in the country. He had previously denied having any gambling debts. Months later, he offloaded his $8.

Meanwhile, there was also the unmentioned 2017 co-production between Sky and the China Global Television Network, a state-backed broadcaster whose coverage of the Hong Kong protests last year was apparently so biased it ended up under investigation by the British media regulator Ofcom.’s arrival at Sky that this relationship ended. And not before the channel’s foreign coordinatorpointed out he was “very impressed with the material we get [from the state broadcaster]. It’s very strong.

 

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