People tend to adopt a ‘wait and see’ attitude around elections but in my opinion, the election date won’t make a difference to your sale says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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We are seeing good competition at auctions this Autumn, with the national combined capital city clearance rate holding above 60%, which is considered the benchmark for a balanced market. Looking ahead, we’ll see a pause in market activity over the Easter school holidays in mid-April. In addition, with the Federal Election…
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You may be wondering how a national housing scheme centred around building more new homes could make your existing property substantially more valuable. Let me explain. The National Housing Accord is a federal initiative designed to address Australia’s housing shortage. The aim is to build 1.2 million homes in good locations…
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Cyclone Alfred serves as an important reminder to all home owners and investors to keep your property insurance policies up to date to protect what are usually your biggest financial assets, says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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A new CoreLogic survey shows 63% of Australian adults own at least one property – either their own home or an investment, says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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With more than 2,500 homes nationwide going under the hammer each week early signs are very positive, with the national clearance rate hovering around the mid-65% mark in February. By John McGrath, Chief Executive Officer of McGrath Estate Agents.
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Australia’s housing landscape is changing as we try to keep up with population growth and help young buyers get into the market. Not enough dwellings are being built, with smaller housing lots and higher apartment towers among the solutions to address both lacking supply and the affordability crunch. As discussed in…
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Prestige Australian waterfront residences are among the world’s most valuable and sought-after properties says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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Hobart has a reputation for being a vibrant food and culture destination, with a beautiful coastline and fascinating history. Now the Tasmanian capital may be about to earn another label – the home of a comparatively affordable housing market says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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Last year was a landmark year for Brisbane, with the Olympics host city briefly taking the silver medal position among Australia’s capital cities in the property price stakes, says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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CoreLogic data shows that in every capital city bar Canberra, growth was highest in the lower price quartile of the market says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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Property is entering a new phase as we start the new year, with price growth slowing across the nation. The key indicator was the first fall in the national median value in December after 22 consecutive months of growth. It was only an 0.1% drop, but it was a clear…
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Now that inflation is within the Reserve Bank’s target band of 2-3 per cent, a February rate cut seems very likely according to both the Commonwealth Bank and ANZ. But how would an earlier-than-expected interest rate cut affect the Australian housing market in 2025? PRICE MOVEMENTS An early interest rate…
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At the start of 2024, price growth nationwide strengthened across the lower price brackets as people made compromises says John McGrath, Chief Executive Officer of McGrath Estate Agents.
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Many people dream of buying at the bottom of the property market, but how often does that truly happen? If you’re saving for your first home and banking on a sharp drop in house prices due to rising interest rates, you might need to adjust your expectations.
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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.
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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.
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The Real Estate Institute of Queensland (REIQ) is urging the Government to adopt a more balanced and reasonable approach to the expansion of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, than proposed in the AML/CTF Regime Amendment Bill 2024. As it stands, the Attorney-General’s Department Impact Analysis estimates the…
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The higher supply of homes for sale this Spring is taking some heat out of the market, according to the latest CoreLogic data. During the month of October, there was lower price growth in the best-performing capital cities of Perth, Adelaide and Brisbane, and we saw the first slip in…
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