John McGrath – Rising market confidence driving high auction clearance rates
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 says John McGrath, Chief Executive Officer of McGrath Estate Agents.
Property values in Australia’s combined regions are outperforming the combined capital cities despite the normalisation of internal migration trends, affordability challenges and a reduction in borrowing capacity amid higher interest rates, said Tim Lawless CoreLogic Research Director.
Gap widens between house and unit values - CoreLogic
Suburbs with the largest and smallest house premium revealed Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years reveals, Tim Lawless CoreLogic research...
John McGrath – The trends driving regional property price growth
I 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, says John McGrath, Chief Executive Officer of McGrath Estate Agents.
CoreLogic: 2,044 auctions held the highest volume of auctions so far this year
Demand from buyers has kept pace with the pick-up in activity, with the preliminary clearance rate coming in at 75.4%, down slightly from last week (76.2% which revised to 70.3% on final numbers), said CoreLogic research director, Tim Lawless.
John McGrath – Investors are back and looking further afield
Among the active buyers in today’s market is a rising number of investors says John McGrath, Chief Executive Officer of McGrath Estate Agents. New figures from the Australian Bureau of Statistics (ABS) show the value of investor loans has risen by 20.4% over the past 12 months in seasonally...
CoreLogic Auctions | it looks like the year has started with a much better fit between buyer and seller pricing expectations
The Corelogic preliminary auction results and weekend market summary for 11 February 2024 revealed the capital city clearance rate rose to 76.2%, the highest preliminary clearance rate since the first week of June last year, said CoreLogic research director, Tim Lawless.