McGrathmageddon starts renting

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Never listen to what he says, watch what he does, via Domain:

John McGrath, the man once dubbed “Mr Real Estate,” has quietly sold his last remaining property asset.

The prominent real estate figure has reputedly offloaded his harbourside penthouse for an estimated $8.5 million. However, for a man who is known to demand loyalty from his staff, Mr McGrath did not use any of his own agents.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.