As another year comes to a close, a lot of people are on edge about interest rates. There is some real pain out there in the lower to middle market. At the start of 2024, price growth nationwide strengthened across the lower price brackets as people made compromises. Buyers widened…
Home prices in Australia’s most valuable market (Sydney) surged to a new record peak this year despite higher interest rates and cost-of-living pressures
We’ve now got this historically large generation of Baby Boomers reaching their 60s and 70s, and many of them are deciding to downsize or relocate now says John McGrath, Chief Executive Officer of McGrath Estate Agents.
Despite higher interest rates and cost-of-living pressures, there are a lot of first home buyers in the marketplace across Australiasays John McGrath, Chief Executive Officer of McGrath Estate Agents
When choosing a real estate agent, it’s crucial to consider factors like experience, market knowledge, communication skills, and proven results. Reading recent testimonials is an excellent way to gauge how previous clients felt about the service they received. Positive feedback often highlights qualities like responsiveness, negotiation skills, and a deep…
As we head into November, sellers may be interested to hear of new PropTrack data indicating this may be the best month to sell says John McGrath, Chief Executive Officer of McGrath Estate Agents.
The new 2025 McGrath Report, reveals four major East Coast market trends as well as my top 21 suburb picks for the new year in NSW, Queensland, Victoria and Tasmania says John McGrath, Chief Executive Officer of McGrath Estate Agents.
In the first month of this Spring season, we saw the highest number of new listings come onto the market since 2021 says John McGrath, McGrath Estate Agents CEO.
Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11 trillion for the first time, increasing by $900 billion over the past 12 months, according to CoreLogic’s October Monthly Housing Chart Pack.
The number of Australian suburbs with a $1 million median price for either houses or apartments has reached a new record high, says John McGrath, McGrath Estate Agents CEO and according to new CoreLogic data.
New supply begins under National Housing Accord and it’s interesting to see what happens when you raise the supply of new homes, particularly apartments, in the marketplace.
One in three Australians who bought their first homes in FY24 did so with the help of the Federal Government’s Home Guarantee Scheme says John McGrath, McGrath Estate Agents CEO.
Affordability challenges in coastal and country towns where home values have grown significantly in recent years are one factor slowing price growth today says John McGrath, McGrath Estate Agents CEO.
The busy Spring season begins this week and selling conditions are favourable in most markets across the country says John McGrath, McGrath Estate Agents CEO.
Many factors will determine how long it will take to sell your home. Some are within your control, such as the quality of your marketing; and some are not, like selling conditions in your local area says John McGrath, McGrath Estate Agents CEO.
Over the past three months, apartments have recorded higher price growth than houses in every capital city except Darwin and Canberra, which both have higher levels of supply at the moment says John McGrath, McGrath Estate Agents CEO.
Rents are barely rising at a national level, and are even starting to fall in some capital cities, providing relief for tenants after several years of very strong price growth amid historically low vacancy rates
Let’s find out who the typical Australian landlord really is… Investors are back in full force in the property market, with the latest lending data showing 37.1% of new home loans by value went to investors in May. That’s the highest percentage in seven years. One factor encouraging investors to…
The theory that Winter is a bad time of year to sell is a myth that has persisted for as long as I’ve been around in real estate says John McGrath.
A rising number of Australians are setting up self-managed superannuation funds (SMSFs), and the opportunity to buy property appears to be a key driver of this trend. The latest data from the Australian Bureau of Statistics shows there were a net 20,030 SMSFs set up over the 12 months to…
Strong selling conditions across most markets led to the highest level of profitable resales nationally during the March quarter since July 2010, a new CoreLogic report shows. There were approximately 85,000 resales during the quarter and 94.3% of them were profitable, meaning they sold for prices above what the vendors originally…
The key question people were asking in this past year is how can property prices still be rising when interest rates have gone up so much and so quickly? The short answer is low supply of homes for sale and many demand drivers combining all at once. This dynamic occurred…
Sales volumes across Australia’s mainland states have increased as buyers get used to high interest rates and fear of missing out (FOMO) drives them to buy before home values go any higher. These are the findings of a report by digital settlements company PEXA, which shows the number of residential property…
The multi-speed nature of Australia’s property market today can be seen in the 12-month price changes across our capital cities and regions. Over the 12 months to May 31, here’s how median home values in the capital cities have changed: Perth 22%, Brisbane 16.3%, Adelaide 14.4%, Sydney 7.4%, Darwin 3.5%, Canberra 2%, Melbourne…
Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates. About a quarter of the world’s central banks have begun cutting interest rates, according to AMP, with Switzerland the first major economy to cut rates in…
Prestige property in Perth and the Gold Coast recorded price growth above the global average in 2023, with the Asia Pacific being the strongest-performing region for global luxury real estate values. The 2024 Wealth Report by Knight Frank reveals the Prime International Residential Index (PIRI 100), which measures price growth…
New home approvals per capita are at decade-lows right now, exacerbating a long-term undersupply of homes in Australia. Meantime, demand for both owner-occupier and rental housing is high, not just because of record overseas migration but also because of demographic changes. Australia’s population is about 27 million and there are…
Australia is not just one property market. It is a collection of markets, and it could be argued that each of those markets is defined by suburb boundaries. That means we have 15,300 different markets in Australia, by the way, because that’s how many suburbs the Australian Bureau of Statistics…
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