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.
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.
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.
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.
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…
It’s interesting to see more first home buying in the market despite 13 interest rate rises since May 2022 and a cost-of-living crunch caused by inflation. Traditionally, first home buyers have the tightest budgets of all, so why are more of them around? First to the data. The latest…
📚 Looking for useful guides on home buying, selling, renting, and more? Look no further! 🏡✨ Check out our McGrath Guides page for expert advice and helpful tips to navigate the real estate world. Whether you’re preparing your home for sale, maximizing your property investment, or needing a home…
We are finally starting to see the costs of building a home ease, which is great news for Australians wanting to build their ‘forever home’. Pandemic-related government stimulus and record low interest rates helped fuel the highest inflationary environment in 32 years, with the cost of building a home skyrocketing…
We’re now seeing the highest number of properties going to auction this year, as more new listings flow onto the market this Spring. Buyers have welcomed this increase in supply, which is giving them a bit more choice in an otherwise very tight market. The good news for sellers is…
Over the past three months, home values have risen in all 15 of the capital city and regional markets of Australia bar Darwin and regional Victoria, according to the latest CoreLogic data. The key reason for this is a supply/demand imbalance. There simply aren’t enough homes for sale to meet…
A common question in real estate is how much certain amenities are actually worth. For example, if you’re buying a property with a north aspect, how much of a premium should you expect to pay? If you’re buying next to a lovely big park, how much is that greenery worth…
© 2025 McGrath Central West. Privacy Policy
Powered by Appraise.works