australian property market outlook 2024

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Feb 15, 2024

The Economy

Scrapping “Negative Gearing” will worsen already critical housing crisis - REIA

REIA President, Leanne Pilkington said discentivising investment into housing for mum and dad investors will just makes a bad situation worse.

Feb 13, 2024

The Economy

Markets

Sale volumes across the majority of Australia’s smaller state capitals exceed historic averages - CoreLogic

CoreLogic’s February Housing Chart Pack highlights that sale volumes across Brisbane, Adelaide, Perth, and Darwin currently exceed historic-averages.

Feb 13, 2024

People

Agents

Professionals’ first all-state promotion generates huge boost

The first all-state national campaign staged by Professionals Real Estate generated a massive boost of almost 3,000 new leads, ensuring the network ended 2023 on a high.

Feb 11, 2024

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...

Feb 11, 2024

The Economy

Markets

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.

Feb 5, 2024

The Economy

Markets

Auction market off to a strong start after 2023’s ‘year of two halves’

CoreLogic tracked 1,671 auctions last week, the second busiest start to the auction season on record. The preliminary clearance rate came in at 73.9%, which was the highest since the week ending August 20 last year and a clear jump on the end of 2023 which saw final clearance rates end sub-60%....

Feb 4, 2024

John McGrath – First home buyers are in the market despite peak interest rates

The latest lending figures from the Australian Bureau of Statistics show the number of loans written for first home buyers rose by 20.3% in seasonally adjusted terms over the 12 months to November 2023. A total of 10,395 first home loans were written that month, worth $5.25 billion.

Feb 1, 2024

The Economy

Markets

The 2024 auction market starts with a bang, with 1,706 capital city homes set for auction

By Kaytlin Ezzy, Economist, CoreLogic Australia

Jan 29, 2024

John McGrath – Where did prices rise the most in 2023?

Affordable suburbs with median house prices below $500,000 dominated the best areas for price growth across Australia last year says, John McGrath, Chief Executive Officer of McGrath Estate Agents.

Jan 23, 2024

John McGrath – Market predictions for 2024

I’d like to wish everyone a happy new year and offer some insights as to what may happen in the property market in 2024, John McGrath, Chief Executive Officer of McGrath Estate Agents.