Mcgrath Magazine

In 1988, in a modest office located in Paddington, Sydney, John McGrath started to shape a real estate approach founded on honesty and openness. He created a system aimed at achieving remarkable results for his clients.

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John McGrath - Capital growth now stronger for cheaper homes

Mar 24, 2024 | mcgrath.com.au | John McGrath

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 three months to the end of February. On an annual basis, the pace of growth is 8.9%, which is the highest annual growth rate since FY22.
John McGrath - Capital growth now stronger for cheaper homes

Mar 24, 2024 | mcgrath.com.au | John McGrath

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 three months to the end of February. On an annual basis, the pace of growth is 8.9%, which is the highest annual growth rate since FY22.
John McGrath - Rising market confidence driving high auction clearance rates

Feb 26, 2024 | mcgrath.com.au | John McGrath

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 of homes going to auction this year compared to last year, clearance rates are still coming in higher despite that greater volume of stock.
John McGrath - Rising market confidence driving high auction clearance rates

Feb 26, 2024 | mcgrath.com.au | John McGrath

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 of homes going to auction this year compared to last year, clearance rates are still coming in higher despite that greater volume of stock.
John McGrath - A market wrap & what’s in store for FY24

Dec 18, 2023 | mcgrath.com.au | John McGrath

The 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. A shortage of stock for sale is driving the commencement of this new market cycle which is a trend being seen across the entire East Coast market, led by Sydney. Let’s take a look back at FY23 and what’s ahead for FY24.
John McGrath - A market wrap & what’s in store for FY24

Dec 18, 2023 | mcgrath.com.au | John McGrath

The 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. A shortage of stock for sale is driving the commencement of this new market cycle which is a trend being seen across the entire East Coast market, led by Sydney. Let’s take a look back at FY23 and what’s ahead for FY24.
John McGrath - Melbourne market rebounding but buyers have time

Nov 27, 2023 | mcgrath.com.au | John McGrath

The 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. Melbourne home values are up 4% in 2023 while Sydney and Brisbane prices are up by more than 10%. According to CoreLogic, Melbourne property prices remain -3.7% below their March 2022 peak. The median house price in Melbourne is currently just under $940,000 and the apartment median is $615,000.
John McGrath - Melbourne market rebounding but buyers have time

Nov 27, 2023 | mcgrath.com.au | John McGrath

The 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. Melbourne home values are up 4% in 2023 while Sydney and Brisbane prices are up by more than 10%. According to CoreLogic, Melbourne property prices remain -3.7% below their March 2022 peak. The median house price in Melbourne is currently just under $940,000 and the apartment median is $615,000.
John McGrath - Now is the time to buy in Hobart

Nov 12, 2023 | mcgrath.com.au | John McGrath

Tasmania’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. Hobart home values soared by 45% during the pandemic boom, making the city one of the country’s top performers of that period. This was followed by a sharp market downswing, with double-digit falls in both house and apartment prices. That’s not surprising after such strong growth.
John McGrath - Now is the time to buy in Hobart

Nov 12, 2023 | mcgrath.com.au | John McGrath

Tasmania’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. Hobart home values soared by 45% during the pandemic boom, making the city one of the country’s top performers of that period. This was followed by a sharp market downswing, with double-digit falls in both house and apartment prices. That’s not surprising after such strong growth.