NEWS

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

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.

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.

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.

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…

  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…

  Australians think property is the most important type of investment for building wealth, followed by superannuation and savings in the bank, according to a new survey. The survey, conducted by financial advisory company, Findex, asked 1,000 Australians aged 18 to 64 years who have superannuation funds but are not yet…

  Throughout my 40 years in real estate, I have always advocated the use of price guides in property marketing campaigns. Price guides answer the first question that every prospective buyer has on a property of interest to them. They also help buyers work out which homes are worth inspecting, and…

  One of the reasons Australia has such a long history of continually rising property values is that so many of us choose to live in one of just eight capital cities. In fact, 75% of Australia’s population lives on just 2.6% of the country’s total land mass, according to…

  Home values are still rising across Australia, with the national median price up 8.8% over the past 12 months and the hottest markets currently being Western Australia and Queensland. However, we are seeing differences in the rates of price growth between states and territories. In the strongest markets, property…