The sale of high-end homes in Sydney’s Vaucluse and Bellevue Hill, and Perth’s Peppermint Grove, shows demand for trophy homes in blue-chip locations is continuing to buck the wider property downturn.
Consortium acquires majority shareholding in Oxygen
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McGrath has entered into a transaction that will provide a financial services and technology investor consortium with a 55 per cent controlling interest in the Oxygen Home Loans business.
Real estate group McGrath Ltd has announced that it has entered into an agreement to provide a new financial services and technology investor consortium, Oxygen Investment Corp Pty Ltd, with a 55 per cent controlling interest in its broking business, Oxygen Home Loans (Oxygen).
Oxygen Investment Corp is headed up by equity specialist and former CEO of consumer finance and vehicle company Eclipx, Doc Klotz; the general manager of the Australian operations of peer-to-peer lender Harmoney, Ben Taylor; and asset finance and investment business Sturt Capital Partners. Both Mr Klotz and Mr Taylor worked together at financial services company Flexigroup for a number of years, where they were head of global operations and head