Reality biting for property high-flyer

  • Sydney real estate agent John McGrath has made many millions out of the city’s booming property market over the past three decades.

The 52-year-old has built up a chain of highly successful real estate agencies worth hundreds of millions of dollars.

He is the author of motivational book You Don’t Need To Be Born Brilliant and was a judge on entrepreneurial television show The Shark Tank.

But in the past week, McGrath has learned the stock market is a very different beast from the housing market.

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