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…
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.
See What Our Clients Have to Say Curious about what makes our team stand out? Take a moment to read through our Spring 2024 testimonials and discover why clients trust us for their buying and selling needs. Our commitment to professionalism, efficiency, and personalised service speaks for itself. “We could…
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.
Todd Houghton from McGrath with your latest Bathurst Property Market update
It has been difficult for Baby Boomers to find the types of homes they need in their preferred locations. The good news is that things are about to change.
Despite higher interest rates and cost-of-living pressures, there are a lot of first home buyers in the marketplace across Australia says John McGrath, Chief Executive Officer of McGrath Estate Agents.
If you’re considering an agent, comparing their recent client reviews can help you understand their approach and dedication. So who is the best Real Estate Agent in Orange?
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.
McGrath Central West proudly served as Gold Sponsors of the Orange Open Gardens event on October 27th, supporting local education initiatives.
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.
Despite this growth, national home values rose by just 1.0% in the September quarter, the softest quarterly rise since March 2023. The annual growth rate has also slowed to 6.7% from a high of 9.7% earlier in the year, indicative of a cooling market.
The number of Australian suburbs with a $1 million median price for either houses or apartments has reached a new record high, 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.
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
Investors are back 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, says John McGrath, McGrath Estate Agents CEO.
Discover Why McGrath is the Best Real Estate Agency in Orange When it comes to selling your home in Orange NSW, finding a real estate agent who combines professionalism, expertise, and a personal touch is crucial. For those in Orange and the Central West, Jacinta Gosper from McGrath Central West…
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.
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 settlements…
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 1.8%…
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 March,…
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 about…
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 recorded…
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