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John McGrath – New help for more first home buyers
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, those wanting to get into the market may not see much price relief in the near future but should see interest rate relief sometime within the next 12 months as inflation is tamed.
Rates rise hasn't deterred buyers as Ray White report 76.6 per cent clearance rate from 339 Auctions
Australasia’s largest real estate group Ray White scheduled 339 properties to go under the hammer today, recording a preliminary auction day clearance rate of 76.6 per cent. Bidder numbers at auctions reflected the state of supply and demand, with Ray White recording an average of 4.9 registered bidders and 3,2 active bidders per auction.
2023/24 Federal Budget Wishlist
With the Federal Budget coming up, LJ Hooker head of research Mathew Tiller shares his real estate wishlist. The Federal government will need to focus on supply. The real estate market in Australia needs more of three things, says Tiller.
Revolutionary proptech Bricks + Agent acquires Inspection Manager
Rafael Niesten, Co-founder of Bricks + Agent, commented; “Both platforms are a natural fit for one another and share the ambition to deliver smoother maintenance, inspections and invoice-related transactions for all stakeholders. Our growth aspirations are aligned.
Featured Property
Pier by Mirvac Riverfront Newstead penthouse for sale - Place
250/1 Newstead Terrace Newstead for sale by Sarah Hackett of Place New Farm in conjunction with Matt Lancashire of Ray White New Farm features a private pool and 52m river frontage.
Rent freeze will not fix the rent crisis - REIA
REIA President, Mr Hayden Groves, has implored the Federal Government ahead of Budget 2023 to keep their eye on the prize of helping renters, and avoid knee-jerk policy reactions like rental freezes and rent controls.
Building loans remain at 15 year low - HIA
“Lending for the purchase or construction of a new home remains at its lowest level in 15 years,” stated HIA’s Chief Economist, Tim Reardon.
Featured Property
Palm Springs inspired Brighton golden triangle for sale - Marshall White
29 New Street Brighton for sale by Andy Nasr and Simon Monnier-Penny of Marshall White features interiors by 2023 Architectural Digest 100 firm, Flack Studio.
Featured Property
Trophy Manly beach house with coastal ocean views - Belle
77 Bower Street Manly for sale by Anthony Calacoci and Luke Burgess of Belle Property showcases postcard-perfect northerly panoramas from Manly Beach to the northern coastline.
Featured Property
European style country manor house Mount Vernon for sale - The Agency
195-201 Capitol Hill Drive Mount Vernon for sale by Eva Freketic and Ben Marovic of The Agency is located in Capitol Hill Estate on 9361sqm.
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