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John McGrath – National sales skyrocket to highest level since 2004 & my top suburb picks for 2022

Most markets around Australia are experiencing very positive conditions, which have lifted most values to record highs. John McGrath founder and executive director of McGrath Estate Agents looks at what he believes are the top four drivers behind this surge.

Queensland (Qld)Brisbane

Featured Property

Hendra home for sale offering family elegance in coveted location - Place Ascot

The modern Queenslander for sale by Patrick McKinnon and Tony Duncombe of Place Ascot, master-built family sanctuary showcasing elegant entertaining spaces, including an enviable outdoor kitchen, in-ground swimming pool and a covered pavilion.

Queensland (Qld)Gold Coast

Featured Property

Renovated Gold Coast apartment for sale with stunning Broadwater views - Sotheby’s

The 'Liberty Panorama' Main Beach apartment for sale by Kim Sharpe of Queensland Sotheby’s International Realty, features a generous entertainer’s balcony and access to resort facilities.

Queensland (Qld)Brisbane

Featured Property

Luxurious East Brisbane home for sale in ‘ultimate riverside location’ – Place Bulimba

The lavish Brisbane Riverfront home for sale by Sarah Hackett of Place Bulimba, features a shared jetty, lift, theatre, and in-ground swimming pool overlooking the river.

New South Wales (NSW)Sydney

Featured Property

Spacious Northbridge semi for sale with northerly water views - The Agency

The tri-level Northbridge home for sale by Rick Woodward and Charles Bradley of The Agency, includes a self-contained studio and outlook over Sailors Bay.

Queensland (Qld)Sunshine Coast

Featured Property

Sunshine Coast Hinterland homestead with ocean views sold by Place

The 2.63-hectare Kookaburra Homestead the largest homestead in the Sunshine Coast region, sold by Patrick McKinnon and Nick Mellish of Place Ascot.

National

The Economy

REIA calls on government to address housing supply in regional Australia

Real Estate Institute of Australia (REIA) is calling on governments to urgently address the chronic shortage of housing stock in regional Australia.

National

The Economy

Hong Kong Pilot’s property sells against all the odds

Created by the team behind Openn Negotiation, Openn Offers supports a traditional private treaty process online, with improved transparency and streamlined digital contracting.

New South Wales (NSW)Sydney

Featured Property

Entire Gladesville art deco apartment block for sale - Ray White

Four immaculate 2-bedroom apartments with DA approval for three additional apartments at rear. The Gladesville unit block for sale by Chris Wilkins of Ray White Drummoyne.

Queensland (Qld)Brisbane

People

‘Fight For A Cause’ sees Place Ascot Principal take to the ring in Black Tie Event

Ever the champion of local business and charities, Place Ascot Principal Patrick McKinnon is lacing up gloves in support of RSPCA Queensland.

Pages

News Roundup

https://www.mortgagebusiness.com.au/breaking-news/11950-fhbs-urged-to-wait-on-the-sidelines

FHBs urged to ‘wait on the sidelines’

CoreLogic's Cameron Kusher has urged first home buyers to “wait on the sidelines” and “pay attention to the market conditions” before purchasing their first home, and not to be "lured" into purchasing property by “attractive incentives".

Mortgage Business

https://www.theaustralian.com.au/business/property/levy-change-could-boost-newhome-price-50000/news-story/e48f9c97efe0fd8e4484f9b8896a7fae

Levy change ‘could boost new-home price $50,000’

House prices on greenfield sites in Sydney could rise by as much as $50,000 following the NSW government’s decision to uncap infrastructure levies on developers.

The Australian

https://www.mortgagebusiness.com.au/breaking-news/11953-major-bank-rolls-out-ccr-for-customers

Major bank rolls out CCR for customers

The Treasurer has said that CCR could result in “better deals” on loans, as it will enable lenders to access both positive and negative credit reports.

Mortgage Business

https://theconversation.com/teslas-virtual-power-plant-might-be-second-best-to-real-people-power-90319

Tesla’s ‘virtual power plant’ might be second-best to real people power

A Bruny Island Battery trial allows people to produce and store energy for themselves, and also share it, reducing pressure on the network.

The Conversation

http://www.afr.com/real-estate/mcgrath-assembles-new-board-peter-lewis-tipped-to-be-chairmain-20180219-h0wak1

McGrath assembles new board

McGrath has assembled a new board to be chaired by former Seven West Media chief financial officer Peter Lewis.

The Australian Financial Review

https://www.architecturaldigest.com/story/best-indoor-trees-and-big-plants?mbid=nl_02182018PM_Weekly&spMailingID=12950776&spUserID=MjM4ODc1NTYxNTY2S0&spJobID=1341512880&spReportId=MTM0MTUxMjg4MAS2

The best plants to grow in your living room

And tips for keeping them alive and well for longer than one second.

Architectural Digest

http://www.afr.com/real-estate/distressed-1-millionplus-property-sales-a-warning-to-mortgage-holders-20180214-h0w32e

Distressed $1 million-plus property sales a 'warning' to mortgage holders

Estate agents Andrew Fawell has valued four distressed – or mortgagee – sales in the past two weeks for houses and apartments valued between $1m and $2.5m in Melbourne's coveted, prestigious and expensive inner south-east fringe.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11945-rba-keen-to-see-household-debt-moderate-for-run-of-years

RBA keen to see household debt moderate for ‘run of years’

The head of the RBA doesn’t want the rate of growth of housing costs and debt to outstrip income growth as it has over the past five years.

Mortgage Business