Affordability is a key challenge for many buyers today, due to ongoing price rises in most markets and higher interest rates making home loans difficult to get and more expensive to service says John McGrath, McGrath Estate Agents CEO.
John McGrath – More million-dollar markets than ever before
The number of Australian suburbs with a $1 million median price for either houses or apartments has reached a new record high, says John McGrath, McGrath Estate Agents CEO and according to new CoreLogic data.
The latest Real Estate Institute of Australia (REIA) Real Estate Market Facts (REMF) has found the national median house price grew by 7.6% over the year to March, 2024 increasing to $1,026,903.
