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.
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McGrath Central West proudly served as Gold Sponsors of the Orange Open Gardens event on October 27th, supporting local education initiatives.
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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.
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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…
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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…
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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…
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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%…
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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,…
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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…
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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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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 retired…
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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 CoreLogic data.…
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Millennials have become the most active generation of investors with about one in three buying property on their own, using strategies such as rentvesting to begin their property ownership journey. The Commonwealth Bank says 46% of its new property investor customers last year were Millennials, who were born between 1981 and…
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Australian home values continue to trend higher this year, and despite an increase in the number of homes going to auction before the Easter holidays, the national preliminary clearance rate is holding up well at about 70%. A new CoreLogic report shows national home values grew by 1.3% over the…
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Over the past two decades, single career women have become an influential buying force in the property market. When I started in real estate 40 years ago, it was very rare to conduct an auction and have a 28-year-old female on her own buy the property. Nowadays when you put…
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With investors returning to the market this year, I have two crucial tips to buy well. Tip 1: Don’t try to over-finesse the timing of your purchase. The golden rule with property investment is you must buy with a medium to long-term view. Nothing less than five years, and 10…
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Congratulations to the purchasers of the beautiful 60 Centennial Crescent! 😍⭐🔑 20 Days on Market - 22 Buyers - Sold for $1.25M With 21 buyers missing out on this gorgeous home, if you are thinking of selling now or in the future, give Team Fitzgerald McGrath Estate Agents a call…
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In many ways, it is counterintuitive that the market is showing such resilience despite 13 interest rate rises and a range of economic headwinds around the world. But if you’re out there attending auctions at the moment, you’d say the market is remarkably strong, and data has backed that up,…
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We’ve seen remarkably strong clearance rates over the first few weekends of auctions this Autumn season, with robust demand and a continuing tight supply of homes for sale in many markets. The national preliminary clearance rate has been consistently above 70%, and in markets where there are a higher number…
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