According to John McGrath, Chief Executive Officer of McGrath Estate Agents, more homeowners are reviewing their loans to make sure they’re getting the best deal.
Read MoreOver the past two decades, single career women have become an influential buying force in the property market.
Read MoreWith investors returning to the market this year, I have two crucial tips to buy well.
Read MoreIn 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
Read MoreWe’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.
Read MoreI can see many lifestyle areas performing as well or better than their city counterparts over the next decade. This capital growth will be driven by two main trends.
Read MoreLeading residential real estate group, McGrath Estate Agents, today unveiled the strategic elements of a comprehensive brand redesign for the future that will touch all elements of the business as they streamline touch points for its agents, and their clients.
Read MoreThe Autumn auction season is off to a very strong start, with higher-than-average auction clearance rates recorded and enthusiastic bidding among multiple parties seen across many markets.
Read MoreIt’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?
Read MoreAffordable suburbs with median house prices below $500,000 dominated the best areas for price growth across Australia last year.
Read MoreI’d like to wish everyone a happy new year and offer some insights as to what may happen in the property market in 2024.
Read MoreThe market correction we experienced during FY23 was both short and sharp, with Australian home values returning to growth much earlier than expected despite continually increasing interest rates.
Read MoreTasmania’s charming capital city of Hobart has emerged as a shining star in Australia's economic landscape in the past decade, underpinned by its affordable and robust housing market.
Read MoreIt’s been a rollercoaster ride for Brisbane’s property market over the past year or so, with prices hitting a record high before cooling off and then beginning a recovery.
Read MoreMcGrath Northern Rivers Group today announced a key strategic merger designed to further expand the presence and firepower of the agency within the region.
Read MoreThe Melbourne market is rebounding in 2023 but at a slower pace than the other major East Coast capitals. This is giving buyers more time to take advantage of last year’s price correction.
Read MoreSydney is leading the national property market rebound, with home values resuming their long term growth pattern following a relatively short and sharp market correction.
Read MoreWe are definitely seeing the impact of increased migration and a return of foreign investors in the property market this Spring season.
Read MoreIt’s one of the most fundamental shifts in the Australian psyche in recent history: city slickers who’d never seriously considered making the move to a regional area before suddenly had their eyes opened to the idea en masse.
Read MoreThe Australian property market continues to demonstrate strength and resilience this Spring season. We are seeing very solid results and consistently high auction clearance rates week after week.
Read MoreWe are finally starting to see the costs of building a home ease, which is great news for Australians wanting to build their ‘forever home’.
Read MoreLast week we released the 2024 McGrath Report, which reveals four key trends across the East Coast as well as what’s happening in the major metro property markets of NSW, Queensland, Victoria, and Tasmania.
Read MoreThere are many supportive factors pushing home values higher this Spring season across many areas of Australia. Property is showing exceptional resilience, even with higher interest rates at play.
Read MoreWe’re now seeing the highest number of properties going to auction this year, as more new listings flow onto the market this Spring.
Read MoreThe Reserve Bank has kept interest rates on hold for three consecutive months, leading many economists and analysts to speculate that the rate-hiking cycle is near its end.
Read MoreMany buyers are uncomfortable with the process of negotiation. While the vendor has their agent to negotiate for them, buyers are at their own mercy (unless they use a buyer’s agent, though that is not the norm).
Read MoreAfter winning three out of the four previous series they’ve been on, the team from McGrath’s St Kilda office is excited to be back for the 2023 series of The Block. While filming took place in a regional area last year, this year it’s back in their neighbourhood, with five 1950s-era houses in Charming Street, Hampton East being transformed for the show.
Read MoreAlthough agents are working for the vendors, the good ones understand that they need to build relationships with buyers in order to bring the deal together.
Read MoreIf you’re heading out into the market this Spring, you’re going to see a lot of homes for sale. Very soon, it will become hard to remember the best and worst features of each one.
Read MoreA seasonal boost to listing numbers will provide welcome relief for buyers in today’s competitive market.
Read MoreThe busy Spring season is upon us and there are many homeowners getting ready to sell.
Read MoreThere’s something of a perfect storm in property today, with a significant supply/demand imbalance affecting everyone in the marketplace -- Buyers, Sellers and Tenants.
Read MoreAustralia has a vast land size and a relatively small population compared to other major Western economies, yet we have had a significant housing undersupply for many years.
Read MoreOver 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.
Read MoreThe market correction we experienced during FY23 was both short and sharp, with Australian home values returning to growth much earlier than expected despite continually increasing interest rates.
Read More29 June 2023 – Leading residential real estate group, McGrath Estate Agents, today announced that it will open a new office in Surry Hills on July 1, as it witnesses further gentrification of Sydney’s inner east property precinct with major upgrades to “green” the iconic Crown Street high-street strip.*
Read MoreA common question in real estate is how much certain amenities are actually worth.
Read MoreOne way to achieve the greatest capital gains in property is to be creative and consider intelligently and thoughtfully about where the new growth corridors might be.
Read MoreRental property deductions are one of the three key focus areas for the Australian Taxation Office (ATO) for the 2023 financial year (FY23).
Read More1 May 2023 – McGrath Estate Agents continues to add to its sales teams across its company owned Brisbane operations (Paddington, New Farm, Bulimba and Wilston) as it strategically focuses on growing its footprint in one of Australia’s most important real estate markets.
Read MoreThe desire to own our own homes is a cultural aspiration spanning all generations of Australians. But it has shifted a bit in the past few decades.
Read MoreMore investors are looking to property markets outside their own neighbourhoods and there are a number of factors driving this, including advances in technology and the rise of regional living during the pandemic.
Read MoreOne of the biggest myths in real estate is that Winter is a bad time to sell. Actually, the opposite is usually true, and that’s especially the case this year.
Read MoreThere is exciting new value available now for buyers in premium regional lifestyle areas following the market correction.
Read MoreMigration to Australia largely ceased during COVID but a new surge is underway. International students are returning to study and more skilled migrants are gaining entry to take the jobs that employers haven’t been able to fill in this extremely tight labour market.
Read MoreThe opportunity for world-class beachside living across our big capital cities and key regional markets is one of the most enduring and unique features of Australia’s prestige property market.
Read MoreAs part of this week’s federal budget, the government is expanding the eligibility criteria for the 50,000 places available under the Home Guarantee Scheme.
Read MoreThe rebound in property markets across Australia is continuing, with new CoreLogic data showing 35% of Australian suburbs experienced home price growth in the March quarter.
Read MoreNo matter what type of property you’re purchasing – a house or an apartment, a home or an investment, buying quality is the crucial factor for achieving the best capital growth over time.
Read MoreAustralian home values returned to growth in March, and average clearance rates have risen from about 55% in the late Spring season of 2022 to about 65% today.
Read MorePrice growth is currently strongest in rural treechange areas across regional Australian markets.
Read MoreAs you know, interest rates are rising. 3 times in 3 months, with more almost certain to follow. As a result, home loan rates will also rise. So what should you do in response? Here are five suggestions:
Read MoreWill prices continue to rise, or will we see a market correction and potential price drop soon? It's probably the most asked property question at the moment, apart from when interest rates will rise again. One could even argue it is the million-dollar question, especially as Sydney and Melbourne's median house..
Read MoreOver the last few months, there has been much speculation over whether interest rates will rise sooner than 2024. We have covered the very topic here, and also way back in July. Despite the RBA being reasonably confident it won't lift rates until 2024, economists are tipping a rate rise sooner...
Read MoreDespite assurances from the RBA that they have no immediate plans to raise interest rates, the combination of massive increases in property prices, higher serviceability buffers, and rising bond yields has many lenders ready to increase interest rates regardless. In some cases, they already have...
Read MoreAccording to the latest CoreLogic data, despite ongoing lockdowns across Eastern Australia, property prices went up sharply in the last 12 months despite a sharp fall in the number of properties advertised for sale...
Read MoreIn early October, the Australian Prudential Regulation Authority (APRA) made its long-expected changes to home lending conditions, tightening regulations on banks and lenders in an attempt to dampen Australia's runaway housing market. The rules have changed regarding how banks will assess the serviceability of home loans (referred to as a serviceability buffer). They will now evaluate a borrower's ability....
Read MoreThe property market's hot right now, but the lockdown situation is not. It is a seller's market with listings down, but that means buyer demand is still strong, even though inspections are more complex in some places due to lockdowns. CoreLogic's research director Tim Lawless believes that the slight slowing of growth in sales is also down to affordability pressures, with house prices increasing almost 11 times...
Read MoreLockdown or not, there has been a flurry of mortgage activity over winter, with the ABS (Australian Bureau of Statistics) reporting all-time highs in some mortgage lending and especially in mortgage refinancing...
Read MoreIn the previous update, we looked at the impacts of COVID Government financial assistance on existing borrowers and homeowners. In this update we will answer some common questions about how government assistance might impact first home buyers or those getting ready to apply for a loan...
Read MoreThe Delta strain has most definitely put pressure on wallets. Greater Sydney is in its third month of lock down. All of NSW now finds themselves locked down. Victoria is currently in its sixth lockdown, and most states and territories have also been in and out of various restriction levels. The impacts on many people’s finances have been keenly felt...
Read MoreDespite the continued upward surge in property prices and many Australians believing now is not the best time to buy, NAB data released at the beginning of July showed that the appetite for home ownership was still robust. The bank also recorded strong growth in mortgages, with April being the bank's strongest month on record (for mortgages), especially among first home buyers with a fear of missing the boat
Read MoreWhen the cash rate dropped to 0.1 per cent in November 2020, the real estate market went gangbusters, with house prices experiencing enormous gains. Despite spiralling house prices, the RBA has been hesitant to increase interest rates because it could cost jobs....
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