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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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…
Read MoreThe 2025 McGrath Report, reveals four major East Coast market trends as well as my top 21 suburb picks for the new year in New South Wales, Queensland, Victoria and Tasmania. We also summarise today’s divergent market conditions across Australia and what’s happening on the ground this Spring season in Sydney, Brisbane,…
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As another year comes to a close, a lot of people are on edge about interest rates. There is some real pain out there in the lower to middle market. At the start of 2024, price growth nationwide strengthened across the lower price brackets as people made compromises. Buyers widened their…
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John McGrath Says that as we head into November, sellers may be interested in hearing new PropTrack data indicating this may be the best month to sell. According to PropTrack’s latest Market Insight, homeowners who list in November typically achieve prices that are, on average, 0.78% above the yearly national average.…
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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 Australia. Latest data from the Australian Bureau of Statistics shows first home buyers represented 28% of new owner-occupied lending in September, which is well above the 10-year average of 24.9%. So, why…
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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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Melbourne provides an interesting case study as to what happens when you raise the supply of new homes, particularly apartments, in the marketplace. The city’s median home value has fallen by 1% over the past year, and CoreLogic researchers say this is mostly due to Victoria building more homes than any…
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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. A rising number of buyers are taking advantage of the scheme and more of them are purchasing with a partner, friends or family members, according to Housing Australia’s…
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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. McGrath is here to explain what you can do to help your property sell within…
Read MoreMillennials 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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